DSNM 345: Buying & Procurement for Design
Prerequisites: DSNM 247, DSNM 205; 2.5 in-major GPA; passing Portfolio Review
Credit Hours: (3)
An advanced analysis and manipulation of the professional procedures, formulae, and
purchasing negotiations used in product procurement and sales at the trade and retail
levels.
Note(s): Students cannot receive credit for both DSNM 345 and DSNM 385.
Detailed Description of Course
This course develops student problem solving competencies in wholesale buying and
procurement of fashion and interior products at the trade and retail level. Product
acquisition, warehousing, distribution, sales, budgets, assorting, dating, managing
vendor/producer relationships; planning dollar markup/markdown, planning six-month
merchandising plans, controlling inventory flow and valuation, and planning and adjusting
for profit/loss are covered. Students apply all phases of the design process (problem
identification, information gathering, ideation, and analysis/synthesis) in developing
merchandising solutions that are viable, timely, and fiscally responsible for the
intended retail client. Development of alternative solutions is achieved from the
students鈥� manipulation of six-month merchandising plans, merchandise assortment plans,
and store layout and space allocation. Evidence of students鈥� problem solving ability
will be document end in an entrepreneurial assignment.
Detailed Description of Conduct of Course
Course content is delivered through lecture format. Active learning techniques will
be employed to stimulate student learning. Experiential learning opportunities such
as trips to retailers, hosting guest speakers, and trips to buying markets may be
used to enhance course content.
Goals and Objectives of the Course
Student Goals and Objectives of the Course
As a result of this course, the student will demonstrate:
1. A knowledge of how to develop a merchandise assortment planning
2. A knowledge of retail store layout and space allocations based upon merchandising
objectives.
3. An understanding of six-month merchandising planning
4. An understanding of successful purchase transaction and negotiation.
5. An understanding of report preparation, analysis, and decision making.
6. An understanding of how to apply merchandising math principles.
7 An understanding of inventory control and valuation.
8. An understanding of the implications of merchandising math procedures and analyses
on business success/failure.
9. A comprehension in communicating ideas in written, oral, and multi-media formats.
Assessment Measures
Exams, group assignments, and a comprehensive project will be used.
Other Course Information
None
Review and Approval
March 2010