Diploma of Retail Merchandise Management
This qualification covers planning and managing the stock a retail business sells so that it makes a profit. It includes merchandise strategy, financial and category plans, product ranges, supplier deals and promotions. Buyers and merchandise planners with experience could have their skills recognised through RPL.
- TRAINING PACKAGE
- SIR Retail Services
- ENTRY REQUIREMENTS
- Entry to this qualification is open to individuals who: have achieved formal study at the Certificate IV, or higher, level and are currently employed within the retail sector in a function where they have applied knowledge of retail financials, inventory management and retail operations. or have at least two years full time work experience in a retail merchandise management related function where they have applied knowledge of retail financials, inventory management and retail operations. or have at least two years full time work experience in a role where they have applied knowledge of business financials and operations.
WHO IT'S FOR
Retail buyers, merchandise planners and merchandise managers who study sales results and plan product ranges.
TYPICAL JOB ROLES
- Retail buyer
- Buyer
- Merchandise planner
- Merchandise manager
Qualification structure
11 units must be completed: 2 units from the list below. 2 units from the list below, elsewhere in SIR Retail Services Training Package, or any other current Training Package or accredited course. The selection of electives must be guided by the job outcome sought, local industry requirements and the complexity of skills appropriate to the AQF level of this qualification.
Core units
7 units- SIRRMRM002Develop a merchandise strategy
- SIRRMRM003Conduct a post trade analysis
- SIRRMRM004Develop a merchandise financial plan
- SIRRMRM005Develop a category financial plan
- SIRRMRM006Plan a merchandise product range
- SIRRMRM007Negotiate and establish supply arrangements
- SIRRMRM008Develop a merchandise promotional plan
Elective units
9 units- SIRRMRM009Plan merchandise buying trips
- SIRRMRM010Plan product development
- SIRRMRM011Manage merchandise quality and compliance
- BSBLDR503Communicate with influence
- SIRXMGT003Provide leadership to others
- SIRXMGT004Plan and manage retail projects
- SIRXRSK003Manage risk in the retail environment
- BSBINN502Build and sustain an innovative work environment
- BSBWOR501Manage personal work priorities and professional development
EVIDENCE YOU'LL NEED
- Resume showing your work history
- Reference letters from employers
- Photos or videos of jobs you've done
- Payslips or employment contracts