This course offers a comprehensive overview of modern inventory control systems and retail sales records. Key topics include the retail method of inventory, operating statements, sales planning techniques, and the calculation of markups, markdowns, open-to-buy, and sales terms. Students will explore the mathematical foundations essential to the buying and planning process in retail. Emphasis is placed on the full retail cycle—from procuring goods from manufacturers to distributing and selling to consumers. Through mathematical problem-solving and interactive learning, students will learn how to strategically manage sales and inventory to maximize return on investment. By the end of the course, students will understand the financial operations of retail merchandising and apply these principles in basic computer-simulated case studies.
