Fashion Buying & Merchandising

FBTE20422 Fashion Buying & Merchandising 20 Semester 2 Undergraduate Level 5 Lisa Trencher Unit coordinator Department of Materials 1 FHEQ level (Framework for Higher Education Qualifications) ' Middle part of Bachelors ' European Credit Transfer & Accumulation System Rating : 10.0 This unit provides a critical understanding of both fashion buying and fashion merchandising. The unit content will provide the students with a strong knowledge base of important industry standards involved in the key areas such as product development, costings, allocation, distribution and financial analysis of product ranges, thus allowing the students to develop key commercial skills for utilisation in industry. <div>This unit provides a critical understanding of both fashion buying and fashion merchandising. The unit content will provide the students with a strong knowledge base of important industry standards involved in the key areas such as product development, costings, allocation, distribution and financial analysis of product ranges, thus allowing the students to develop key commercial skills for utilisation in industry.</div> <div>This unit aims to identify the responsibilities of the fashion buyer and merchandiser within the retail environment. It will provide a detailed overall of the day-to-day activities within the roles of buying and merchandising, analysing the process of buying and merchandising from concept to consumer.</div> A greater depth of the learning outcomes will be covered in the following sections:<ul><li>Knowledge and understanding</li><li>Intellectual skills</li><li>Practical skills</li><li>Transferable skills and personal qualities</li></ul> <ul><li>Identify and compare the role of a buyer and a merchandiser in the creation of a product range, from concept to carrier bag.</li><li>Recognise the importance of the role of the consumer, the wider market, historical sales and the brand identity in fashion buying and merchandising.</li><li>Analyse the importance of lead times and the use of the critical path in the product development process and supplier management.</li><li>Analyse the importance of monitoring retail sales and the tools/calculations used to do this.</li><li> Analyse the importance of technology and sustainability in the evolution of fashion buying & merchandising.</li></ul>Contributing to the programme learning outcomes:A1. Systematically describe, analyse and appraise the structure of global fashion, textiles and related industries, with focus on the emerging issues of markets, services, consumer expectations within the macro-environment.A3. Confidently judge and interpret product performance characteristics and behaviour through theoretical and scientific approaches, with emphasis on garment.A5. Confidently distinguish the key elements of contemporary challenges and issues in fashion and textiles and use these systematically in strategic planning of operational responses.A6. Appreciate the role of design, creativity and visual concepts and their interrelation, in a commercial context, using digital multimedia (CAD) technologies where appropriate to develop and communicate these concepts.A7. Interpret the language of imagery and symbolic content in fashion consumption, with particular reference to forecasting, branding and product development for the fashion and textile industries.A8. Articulate the processes, procedures and practices of the global fashion industry.A9. Demonstrate an understanding of product requirements, innovation, enterprise and cost issues in relation to textile and garment production.A11. Analyse the process and stages of fashion product development with specific emphasis on the role of the buyer and merchandiser.A12. Critically analyse fashion buying approaches and fashion merchandising techniques within strategic product development, having the ability to recognise trends in fashion adoption and consumer purchasing habits.A13. Demonstrate an in-depth understanding of the use of fibre, fabric and garment technologies within the buying critical path and how it is used in the product development process and supplier management. <ul><li>Identify and analyse key fashion buying and merchandising literature.</li><li>Analysis of emerging and established buying and merchandising technologies used to create mass production of ranges.</li><li>Identify and apply the use of calculations in buying and merchandising</li></ul>Contributing to the programme learning outcomes:B1. Identify and conceptualise appropriate theories, applying them to the fashion and textile industry.B2. Synthesise, assess and evaluate information and data from appropriate sources and use these to make informed, independent judgments and decision making in relation to technical product and/or business contexts.B4. Exercise original thinking and independent learning to design and execute a project to evaluate and analyse a business concept or a technical aspect of garment or textiles products. <ul><li>Locate and relate key industry reports and data relating to the fashion market</li><li>Select and analyse big data platforms such as edited.com and see how it informs the creation of a product range and the monitoring of sales</li></ul>Contributing to the programme learning outcomes:C1. Select, apply and evaluate appropriate numerical, statistical and physical testing methods for complex and open-ended tasks.C2. Select, evaluate and use relevant software applications, including spreadsheets, CAD software, business applications, etc., for different tasks such as data analysis or design communication, within the context of Fashion and Textiles industry.C4. Identify and employ appropriate sources of information.C6 Use practical design communication methods effectively in a fashion and textile context. <ul><li>Arrange material and data from a variety of sources to a professional standard</li><li>Demonstrate analytical skills and the ability to justify your decisions.</li></ul>Contributing to the programme learning outcomes:D1. An ability to act ethically and communicate appropriately in a variety of complex and unpredictable contexts. D2. An ability to plan, manage and evaluate the investigation into and acquisition of new knowledge.D3. Clear and effective communication, using a range of styles and employing various media appropriate to the context.D4. Effective engagement in problem solving, academic discussion and presentation of arguments in a professional manner to both specialist and non-specialist audiences. D6. An ability to apply information technology, computation and numerical techniques in a range of appropriate contexts.D8. An ability to apply creative and visual sensibilities in a commercial context. <div><div>This unit provides a critical understanding of both fashion buying and fashion merchandising. The unit content will provide the students with a strong knowledge base of important industry standards involved in the key areas such as product development, costings, allocation, distribution and financial analysis of product ranges, thus allowing the students to develop key commercial skills for utilisation in industry.Topics will be introduced in lectures; directed reading and personal research will be encouraged to provide depth of understanding. Some lecture sessions will involve the use of worked practical exercises. Visiting lecturers and industry visits will be used, where practical, to support the unit.</div></div> 1 Written exam 30% 2 Written assignment (inc essay) 70% Formative FeedbackFormative feedback will be provided throughout the unit. Lecturers will be free to answer general questions before and after lectures on anything that students are struggling to understand.The seminars are designed to help students progress with their coursework, with formative feedback provided every week through discussion and questions.Lectures are designed to be interactive and students are encouraged to discuss topics, asking questions and getting feedback on answers throughout.The lecture and seminar in week 12 are designed to help students prepare for the exam, with practice exam questions and formative feedback on answers. BSc (Hons) FTR BSc (Hons) Fashion and Textile Second Year Mandatory N The recommended reading for this unit can be found on the <a href="https://www.readinglists.manchester.ac.uk/leganto/public/44MAN_INST/lists/338990285730001631?auth=CAS">online unit reading list</a>. Lectures 24 0 176