Course Code: FIN 3501
Academic Year: 2020-2021
Students research and examine quantitative aspects of merchandise planning and profit generation. Students focus on retail financial strategy as it relates to merchandise management, concepts and calculations involved in inventory planning, planning seasonal purchases, methods of calculating margin and turnover, stock-to-sales rations, open-to-buy, markdowns and terms of sale. Using computer simulations, students make decisions involving inventory models, inventory replenishment and seasonal and long-term merchandising strategies.