Syllabus Overview
This course introduces modern inventory control systems and sales recordkeeping in retail. Topics include the retail method of inventory, operational statements, planning techniques, mark-up and markdown methods, open-to-buy, and sales terms. Emphasizing mathematical concepts, the course guides students in understanding the buying and planning process. It explores how retailers can boost profitability by strategically maximizing return on investment in sales and inventory planning while minimizing losses from markdowns and stockouts. Through computer-simulated case studies, students gain practical experience in retail merchandising principles and financial operations.
Project Overview
