SIRRMRM001

Plan merchandise buying strategy

Release 1

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Participant Guide

Trainer Manual

Unit Information about the SIRRMRM001 training material in this resource

Application

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

Foundation skills essential to performance are explicit in the performance criteria of this unit of competency.

Unit sector or competency field

Retail—Merchandise Management

Prerequisite, co-requisite or interdependent assessment of units

Not applicable

Assessment conditions

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

  • sales data

  • 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.