Provides an overview of modern inventory control systems and sales records. Topics include the retail method of inventory, operating statements, techniques of planning, and methods of figuring mark-ups, markdowns, open-to-buy, and terms of sales. Specifically, the course exposed the student to the mathematical concepts, techniques, and analysis that are fundamental to the buying and planning process. Upon successfully completing the course, students understood how retailers systematically maximize return on investment through planning sales and inventory to increase profitability. Students learned the importance of maximizing sales potential and minimizing losses from markdowns and stockouts. They can explain the financial operations of retail merchandising and apply these principles in basic computer-simulated case situations.
https://www.citytech.cuny.edu/business/docs/courses/BUF2255.pdf
