Become a fashion buyer - learn the essentials
4.2 (276 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
1,136 students enrolled

Become a fashion buyer - learn the essentials

Learn the essential tasks of a fashion buyer and skills required to secure your first role!
4.2 (276 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
1,136 students enrolled
Created by Diane C
Last updated 10/2019
English
English [Auto-generated]
Current price: $34.99 Original price: $49.99 Discount: 30% off
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This course includes
  • 3 hours on-demand video
  • 1 article
  • 5 downloadable resources
  • 1 Practice Test
  • Full lifetime access
  • Access on mobile and TV
  • Assignments
  • Certificate of Completion
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What you'll learn
  • Know the role of a fashion buyer
  • Know the skills required to succeed as a fashion buyer
  • The confidence to embark on a career as a fashion buyer
Requirements
  • Have a pen and paper ready to take notes
Description

Become a Fashion Buyer - Learn the essentials.

This course will help you decide if becoming a fashion buyer is for you, and it will help you understand the key tasks of a fashion buyer and the skills required to become a successful fashion buyer.

By the end of this course you will be in a position to understand what a fashion buyer does. You will have the confidence to either embark on further study or take the steps to securing your first job as a fashion buyer.

Section 1:

Introduction

Section 2:

  • You will learn the buyers main responsibilities
  • You will gain an understanding of the key areas a buyer is evaluated on in their role (otherwise referred to as KPI's or key performance indicators), and
  • You will understand the key skills required to be successful in this role.

Section 3:

  • Structures of buying departments are discussed – from small to large sized businesses , different types of buying roles (brand buyers to product developers) and
  • We will cover other staff roles in a buying department that work alongside a buyer.

Section 4:

  • You will understand the steps involved in planning a fashion range

Section 5:

  • You will gain an understanding on various sources used in predicting fashion trends for your fashion range and a checklist is provided for you to create your own trend board.

Section 6:

  • You will gain a good overview of the financials involved in planning a fashion range, and gain an understanding of the considerations to factor in when building a fashion range.

Section 7:

  • You will understand what to look at when sourcing a fashion supplier, how to evaluate a supplier and understand the different types of suppliers.

Section 8:

  • Understand the steps involved in negotiating with a supplier.

Section 9:

  • You will understand the term landed cost price and how this is calculated.
  • You will also understand the importance of strategies involved in setting the retail price.
  • Gross Profit calculations are also included in this section as it is important financial part of a buyers role.

Section 10:

  • You will understand the fundamental analytical functions in a buying department and gain an understanding of what an open to buy is.
  • There will be basic calculations and examples of an OTB.

Section 11:

  • You will gain an understanding of the key sales reports reviewed in a buyers role.

Section 12:

You will gain tips on the best way to land your first role. We will cover work experience, qualifications, finding available positions, cover letters and CV presentation, and interview preparation for meeting with a company.


Who this course is for:
  • This course is suitable for students, recent graduates or people seeking a career change into buying.
  • Suitable if you are seeking a short course on buying, to help you decide whether you embark on further study in buying
  • Please note: this course is probably not for you if you are seeking to learn more advanced and in depth studies on fashion buying.
Course content
Expand all 28 lectures 02:54:30
+ Introduction
2 lectures 06:03

Introduction to Become a Fashion Buyer - learn the essentials.

Preview 02:36

This lecture outlines each section in the course.

Preview 03:27
+ Main responsibilities, KPI's and key skills of a fashion buyer.
4 lectures 14:03

This lecture details a buyers main responsibilities. After completing this lecture you will understand key tasks of a buyer.

Preview 05:21

This lecture discusses the KPI's (key performance indicators) of a buyer. You will understand how buyers are evaluated.

Section 2, Lecture 2 Key performance indicators
05:08

This lecture discusses the key skills required to be a successful fashion buyer.

Section 2, Lecture 3 Buyers' key skills
03:34
+ Section 3: Company buying structures & different buying roles.
3 lectures 11:58

This lecture discusses the common company structures in buying departments

Section 3, Lecture 1 Structures in a buying department
03:49

This lecture discusses the different types of buying roles

Section 3, Lecture 2 Different types of buying positions
02:35

This lecture outlines other positions in a buying department other than the buyer.

Section 3, Lecture 3 Other positions in a buying department
05:34
Browse buying jobs online in your marketplace.
Job Descriptions
1 question
+ Section 4: Planning a fashion range
1 lecture 14:00

This lecture outlines the steps involved in planning a fashion range. You will understand the process of building a range.

Section 4, Lecture 1 Steps in planning a fashion range
14:00

First step in planning a fashion range

First step in planning a fashion range
1 question
+ Section 5: Researching Fashion Trends
2 lectures 10:04

This lecture discusses the various avenues to research fashion trends

Section 5, Lecture 1 Sources to research fashion trends
06:06

This lecture discusses a mood board and a checklist on creating the perfect mood board.

Section 5, Lecture 2 Mood boards
03:58
+ Section 6: Building a fashion range using financial details
1 lecture 14:34

This lecture details all the factors to consider when building a fashion range. It also details the financial considerations.

Section 6, Lecture 1 Financials in building a range
14:34
Select one item that can be found at a department store that sells womenswear.
Analysing and applying what you learned
1 question
+ Section 7: Suppliers
3 lectures 11:06

This lecture discusses the points to consider when selecting a supplier.

Section 7, Lecture 1 How to select the right supplier
05:51

This lecture discusses measuing the effectiveness of a supplier.

Section 7, Lecture 2 Measuring supplier performance
02:09

This lecture covers the different types of suppliers.

Section 7, Lecture 3 Types of suppliers
03:06
+ Section 8: Negotiating
1 lecture 08:20

This lecture discsses the steps to negotiating with a supplier.

Section 8, Lecture 1 Steps in negotiation
08:20
+ Section 9: Cost Prices, Retail Prices, Markups and Gross Margins
3 lectures 18:51

This lecture discusses the term landed cost price and calculations are provided to work out landed costs. You will understand the term landed cost price and how to calulate this.

Section 9, Lecture 1 Landed cost prices and calculations
04:05

What is landed cost?

Landed Cost Price
1 question

This lecture discusses different retail pricing strategies to entice a customer to purchase.

Section 9, Lecture 2 Retail pricing strategies
06:01

This lecture discusses gross profit and measuring it through mark-ups and gross margin percentage formulas. You will understand how to calculate mark-up numbers and gross margin percentages.

Section 9, Lecture 3 Markups and gross margin calculations
08:45

A quiz on Gross Margin %

Gross Margin %
1 question

Gross Margin Calculation

Retail Price (excluding taxes) – cost price (landed) = Gross Profit

Gross Profit / Retail Price (excluding taxes)

= Gross Margin %

Gross Margin Calculation
1 question
+ Section 10: Merchandise Planning
3 lectures 19:14

This lecture discusses sales budget planning

Section 10, Lecture 1 Sales budget planning
04:37

This lecture discusses an open to buy (OTB) and a brief overview of how it is calulated.

Section 10, Lecture 2 Open to buy
06:42

Open to Buy (OTB)

Open to Buy (OTB)
1 question

This lecture discusses planning and managing stock

Section 10, Lecture 3 Stock planning
07:55