Merchandising Math

Series
Prentice Hall
Author
Doris H. Kincade / Fay Y. Gibson / Ginger A. Woodard  
Publisher
Pearson
Cover
Softcover
Edition
1
Language
English
Total pages
368
Pub.-date
September 2003
ISBN13
9780130995889
ISBN
0130995886



Description

For Sophomore and Junior level courses in Retail Mathematics, and Buying and Merchandising.

This book introduces students to the concepts of financial management for the merchandising of fashion goods. Covering basic financial skills needed to succeed when planning, procuring and selling fashion goods, the text provides an integrated presentation of merchandising principles, mathematical formulas and real world applications. It is designed to help students understand the underlying principles behind decisions and apply these principles to multiple store situations. The book begins with the basic markup concepts and single unit, three variable spreadsheets and builds the information to complex assortment plans and multi-column/multi-row spreadsheets.

Features

For Sophomore and Junior level courses in Retail Mathematics, and Buying and Merchandising.

 

This book introduces students to the concepts of financial management for the merchandising of fashion goods. Covering basic financial skills needed to succeed when planning, procuring and selling fashion goods, the text provides an integrated presentation of merchandising principles, mathematical formulas and real world applications. It is designed to help students understand the underlying principles behind decisions and apply these principles to multiple store situations. The book begins with the basic markup concepts and single unit, three variable spreadsheets and builds the information to complex assortment plans and multi-column/multi-row spreadsheets.

 

  • Integrated presentation of merchandising principles, mathematical formulas and real world applications.
    • Enables students to learn to think about merchandising math, not just memorize formulas, so that they know how, when, and where to apply required formulas.

  • Comprehensive coverage of financial skills.
    • Provides students with the skills needed to understand the entire process of merchandising goods beyond the nucleus of pricing, buying or other single focus concepts.

  • Strong managerial planning process coverage.
    • Enables students to acquire planning skills, recognize the need for those skills and the resulting information throughout the merchandising process.

  • Relationships between variables in formulas explained-Prior to presenting the calculation of the formula.
    • Builds students' knowledge base beyond pre-set formulas and enables them to apply their knowledge in subsequent use of the concepts when identified in additional formulas and future applications.

  • Spreadsheet applications provided for each concept.
    • Develops students' computer skills and gives them a head start on using computer inventory and pricing packages in their future jobs.

  • Study Wizard CD-Rom included with text.
    • Provides students with a wealth of additional problems and practice quiz questions.

Table of Contents

I. INTRODUCTION AND BASICS.

 1. Introduction to Merchandising.
 2. Retail Pricing.
 3. Profit and Loss Statements.
 4. Expanded Profit and Loss Statements.

II. PLANNING.

 5. Strategic Planning.
 6. Planning Sales.
 7. Planning Stock.
 8. Six-Month Plans.

III. BUYING.

 9. Fashion Forecasting.
 10. Assortment Planning.
 11. Unit Control.
 12. Buying.
 13. Vendor Relations.

IV. SELLING.

 14. Inventory.
 15. Price Adjustments.
 16. Marketing Communications.

Back Cover

This text provides a comprehensive introduction to the financial management of merchandising fashion goods. Merchandising concepts and math skills required to make good financial decisions are presented in an integrated framework so that students see how merchandising theory and mathematical formulas are applied to solve real-world retailing problems. To be successful in our fast moving retail environment, students must know more than pre-set formulas and store specific formats. They must under stand the merchandising principles and the managerial decision-making processes that underpin good decision-making. This text integrates the presentation of merchandising and retailing concepts, managerial planning and decision-making processes, and mathematical formulas used in retail operations. Students learn both the merchandising knowledge and mathematical skills needed to succeed in the field of merchandising.

Key Features
  • Integrated presentation of merchandising principles, mathematical formulas, and real world applications
  • Comprehensive coverage of financial skills required for successfully planning, procuring, and selling fashion goods
  • Strong coverage of the managerial planning process (Introduced in Chapter 5, and integrated in Chapters 6, 7, 8, and 9)
  • Relationships between variables in a formula are explained prior to presenting the calculation of a formula
  • Spreadsheet applications are provided for each concept
  • Study Wizard CD-ROM included with the text, provides the student with a wealth of additional problems and practice quiz questions