Course Description:
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 exposes you (the student) to the mathematical concepts, techniques, and analysis that are fundamental to the buying and planning process. Retailing encompasses
business functions to first procure goods from a manufacturer and later distribute and sell these
goods to the end-user or consumer. Many of these processes are highlighted using mathematical problems and interactive learning techniques.
