Plan merchandise buying strategy
Unit Information about the SIRRMRM001 training material in this resource
This unit describes the performance outcomes, skills and knowledge required to plan stock levels and purchase retail merchandise.
This unit applies to senior personnel working in a diverse range of retail sectors and business contexts. They operate independently and are responsible for making a range of operational business decisions and for the buying and planning of retail merchandise.
Unit mapping information
No equivalent unit.
Licensing, legislative, regulatory or certification requirements
No occupational licensing, certification or specific legislative requirements apply to this unit at the time of publication.
Foundation skills essential to performance are explicit in the performance criteria of this unit of competency.
Unit sector or competency field
Prerequisite, co-requisite or interdependent assessment of units
Skills must be demonstrated in a retail environment. This can be:
an industry workplace
a simulated industry environment
Assessment must ensure access to:
past performance data
organisational marketing calendar
store opening and closing information
stakeholders and suppliers with whom the individual can interact; these can be:
stakeholders and suppliers in an industry workplace, or
people who participate in role plays or simulated activities, set up for the purpose of assessment, in a simulated industry environment
Assessors must satisfy the Standards for Registered Training Organisations’ requirements for assessors.