Page 228 - CITS - Fashion Design Technology - Trade Theory

FASHION DESIGN & TECHNOLOGY - CITS

1 Fashion Design and product knowledge

2 Knowledge of Seasons, Forecast, Trend analysis, Customer research findings and past sales data
3 Buying Plans and Budgeting
4 Cost, Price and Profit working methods
5 Vendor identification and development

Retail Merchandising
(Sourcing fashion products for Retail selling)

1 Buying plan with budget approval as per past data and customer research for upcoming season’s buying
2 Range and assortment plan approvals with design and marketing teams
3 Product quality assurance (specifications) and tech-pack with technical team
4 Identify right production vendors and negotiate the buying price as per the budget approval
5 Release orders to vendors

6 Arrange for quality control to receive defect free products

6 Vendors’ production capacity analysis
7 Samples coordination skills
Buyers
Buyer : A buyer is an individual responsible for deciding. What to buy where to buy from, how much to buy, and
what price to buy and sell .
Types of buyers
• Importer buyer
• Retail buyer
Importer buyer
As an importer, you buy products from a foreign supplier. You are their end client. You may import for your
own use. For example, because you manufacture goods and need certain raw materials or half-fabricates from
abroad. You can also import products to sell them on. In that case, you are an importer and reseller, or dealer. A
reseller is also referred to as a distributor.
Responsibilities
1 Submit the necessary shipping data to the agent so that he can coordinate shipment collection with the
provider.
2 Understand the working conditions of the Incoterm you’ve chosen for your international sales like the back of
your hand
3 Liaise with your provider to decide who will produce the specific documentation that your merchandise may
require, both at origin and destination
Retail buyer
A Retail Buyer is a professional who plans, manages, and selects goods to be sold in retail stores to ensure their
own company’s competitiveness with other retailers. They continually look for new products and review existing
ones to ensure they’re up-to-date on current trends.
Responsibilities
• Identify customer preferences and forecast consumer trends
• Evaluate supplier options according to prices, quality etc. and determine the best choices
• Discover and purchase new products and check the quality and popularity of those already on our shelves
• Negotiate terms of agreements to achieve the best deal for our company
• Ensure the timely delivery of products and compliance with the contracts of purchase
• Monitor stock levels and make plans for buying within budget
• Create reports on sales, budgets and customer satisfaction and adjust your strategies accordingly.

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CITS : Apparel - Fashion Design & Technology -Lesson 32