DSNM 385
BUYING AND PROCUREMENT FOR DESIGN

1. Catalog entry

DSNM 385. Buying and Procurement for Design.
Three hours lecture (3).

Prerequisites : DSNM 263 (Grade of “C” or better), and junior standing.

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.

2. Detailed Description of Content of Course

This course will cover issues related to the sourcing, acquisition, warehousing, distribution, promotions, and sales of fashion and interior products. Topics covered include: determining customer needs; planning and/or working with merchandise budgets; assorting merchandise; sourcing merchandise; negotiating terms of sales and dating; managing vendor/producer relationships; planning dollar markon/markdown; planning six-month merchandising plans; controlling inventory flow and valuation; and planning and adjusting for profit/loss.

3. 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.

4. Goals and Objectives

Upon successful completion of this course, the student will demonstrate:

• Skill in successful purchase transaction and negotiation.
• Skill in report preparation, analysis, and decision making.
• Competency in applying retail merchandising theory.
• Competency in applying inventory control and valuation.
• Competency in evaluating profit/loss analyses.
• Competency in applying retail mathematics procedures and analyses.
• Competency in communicating ideas in written, oral, and multi-media formats.

5. Assessment Measures

Exams, group assignments, and a comprehensive project will be used.

6. Other Course Information

This course is required for all DSNM majors. Offered once a year. Spring semester.

7. Approval and Subsequent Reviews

DATE ACTION REVIEWED BY
December 2002 New Course Dr. Susan Barnard, Chair