Wholesale and Retail Buying
Wholesale and Retail Buying
NQA ID Q1091
NQF Level 5
Total Credits 121
FINANCE YOUR STUDIES
This programme is developed around a planned combination of learning outcomes that will provide learners with more advanced knowledge and applied competence in wholesale and retail merchandising that will enhance their pursuit to acquire increasingly specialised operational skills in the wholesale and retail sector.
A retail buyer is responsible for planning, selecting and purchasing quantities of goods and merchandise that are sold to retailers or in retail stores. They source new and review existing goods to ensure their products remain competitive. Most buyers, including those working in large department stores, tend to specialise in one product type (e.g. clothes, fashion accessories, food and drink, books, furniture, electrical items or household goods), while those who work for smaller stores buy a variety of products.
For individuals looking for a fast-paced career that combines retail and business, retail buying might be the ideal career. The programme provides the learner with the strategies, skills and knowledge required by retail buyers to purchase retail merchandise and develop buying plans. The learner will learn how to analyse the market, plan and introduce product ranges, establish supplier relationships, negotiate the supply of goods and maximise profit through effective buying strategies. The programme will ensure a solid understanding of the tools and techniques required to purchase strategically to meet performance benchmarks and maximise profit in an ever-changing retail environment.
Whether you are an individual looking to further a career in logistics and supply chain disciplines or the wholesale and retail industry or a business executive responsible for your workforceâ€™s development and training â€“ we can help you with your learning and development requirements.
Contact us and we will be happy to discuss relevant and appropriate solutions.
This qualification is designed to be accessible and flexible. The basic entry requirements are:
- the ability to demonstrate English communication and numeracy skills
- NVC in Wholesale and Retail Operations Supervision Level 4
Mode of Delivery
This programme is delivered through contact sessions that will provide the learner with the interpersonal support for learning to take place.
Furthermore, a workplace component will allow the learner to apply knowledge gained in a workplace environment.
This programme can be completed over a minimum duration of one year and a maximum of two.
What Learners Can Expect
Learners will gain skills, such as the following:
- Demonstrating an understanding of the target market
- Propose a product range for an organisation
- Procure products for an organisation and import merchandise for a Wholesale or Retail organisation
- Maintain and control stock levels of an organisation
- Implement price changes
- Implement loss control measures and promotional activities
- Apply leadership skills to achieve objectives, effective customer management skills and tenders to obtain business
The programme consists of the following compulsory modules
Demonstrate an understanding of basic financial skills
Demonstrate an understanding of target market
Manage own time effectively
Maintain and control stock levels of an organisation
Implement price changes
Manage suppliers effectively
Procure products for an organisation
Import merchandise for a Wholesale or Retail organisation
Apply leadership skills to achieve objectives
Apply for tenders to obtain business
Implement loss control measures
Implement promotional activities
Apply effective customer management skills
Student Success Stories
“Distance studying teaches you to read a lot, do a lot of research by yourself and to become your own teacher.”
“You must be able to sacrifice in order to get the results.”
Higher Certificate in Logistic Management
Diploma in Logistics and Supply Chain Management
Bachelor of Business Administration in Logistics and Supply Chain Management
“BSE is giving all needed study material and information and they are cheaper than other institutes.”
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