Syllabus
Retail Buying

Retail Buying

BMGT-1347

Credit Fall 2020
08/24/2020 - 12/13/2020

Course Information

Section 001
Distance Learning
ONL DIL
Nicholas Sarantakes

Office Hours

  • M W
    930am - 1130am
    Virtual Office
    Virtual Office Hours: Mon & Wed 930am - 1130am Tuesday 12;00p – 2:00p

    Due to COVID-19, I will not have on campus office hours this semester. I will be available to students via email and via the Virtual Office Hours listed above.
    Students may request an appointment during my Virtual Office hours by sending me a request via email.

Course Requirements


 

                        BMGT 1347 Retailing Buying

                       DLI Distance Learning Course

                       16 Weeks Semester Section 05965 001

                       Updated June 30,  2020 for the 2020 Fall Semester

 

  1. Instructor Information:

 

Professor: Nick Sarantakes

Office:        Room 1428.05 Highland Learning Center

                  Austin, TX 787

Phone:       512.223.7455

Due to the COVID 19 virus, the best way to contact me will be by email.  I will have minimum office hours at HLC.             

E-Mail:       sarantak@austincc.edu

Office Hrs.See Class Schedule Link

                 

2. Course Description:

BMGT 1347 Retailing Buying (3-3-0).  A detailed study of the organizational structure of retail buying, the internal and external sources of buying information, the fundamentals of effective purchasing and the buyer’s role in planning.

3.Required Text/Materials:

Retailing Buying, by Richard Clodfelter, 6h edition, 2018, Fairchild Books ISBN: 987-1-5013-3197-8

4. Course Rationale:

The purpose of this course is to prepare the student to understand the importance of retail buying in marketing and the retail industry.  The student is introduced to basic concepts, principles, and techniques used by retail buyers as they complete their day to day duties and responsibilities.  Not only are traditional retail stores examined, but also various examples related to nontraditional types of retailing such as mail order, online and direct.

Today’s buyers face more challenges than ever before, in the long run they will be responsible for the success and the profitability of the retail establishment they are with.

Retail buying today has become more sophisticated and has more resources than ever before.  It has also become critical to the success of the retail establishment.  Buyers today have many available sources from domestic to international vendors.  However one of the basic items to remember is the target market that a specific retailer is catering to.

The successful retailer in this decade is seeing growth which can be global or domestic.  Different channels of distribution has become more acceptable and accepted.  Technology has become a center of the flow of information needed to have the right merchandise at the right location.  Due to changes, this course will be using the 9th edition of the text Retail Buying.

Part I of the text gives an introduction to retail buying and the functions it performs today.  Part II is dedicated to understanding the purchase process and product trends.  Part III examines the planning and controlling merchandise purchases and preparing buying plans and the purchase process.  Part IV discusses purchasing merchandise and locating sources in foreign markets.  Part V concerns motivating customers to buy and promoting merchandise.

At the beginning of each chapter the author has set up specific learning objectives that the student should focus on.

5. Orientation for Retail Buying

 DIL courses are designed for anyone, who has scheduling problems, work-scheduling that conflict with normal class times, or any reasons they may have.  To be successful in a DIL course you must be disciplined to set a time to study the course and then maintaining that schedule.  If you have an attitude that “I will study when I have the time”, you will find that you will not have the time, since there may be other items that will take priority.  The deadlines are established so you do not think you can do all the work at the end of the semester.

The first step to success in this course is the Mandatory Course Orientation.  You must accomplish this by the date listed in the Class Schedule  The course information is delivered in Blackboard.  If you are not familiar with the Blackboard software, you can to http://www.austincc.edu/acceid/step1.htm  to obtain an ACCeID that you will need as a first step.

The orientation for this course consists of reading this syllabus and the class schedule of dates and deadlines, which can be performed on the Blackboard web site. Make sure you read  the most up to date syllabus and class schedule and deadlines are on the Blackboard web site.  I might say that it is imperative to use the Blackboard web site in this course.  You can not find out what your tests or assignment scores are without using Blackboard.  

I then need for the student to send me an email acknowledging that they have read and understood the syllabus and understand that all the assignments, tests and projects are required.

In addition I need for you to reply to these general questions that are found in the course syllabus and the class schedule and deadlines.

  1.  What chapters are covered on Test 1?
  2. What is the deadline for Test 1?
  3. Are the questions assigned from the text chapters mandatory or optional?
  4. What chapter is the first Snapshot from?
  5. What is the deadline for Test 4?
  6. What is the updated date that appears on the syllabus
  7. What section of the Blackboard link to you submit your assignments and Test Essay part?

In all your emails to me, place the following in the Subject section of the email form:  BMGT 1347- (then you can put in a sub-topic if you desire) This will insure that it does not go into a SPAM folder.   Make sure you all ways use your full name to let me know who you are.  peanuts@hotmailI.comdoes not tell me who you are.  Also please do not use text messaging to send me an email.  If you have any questions, please ask them by email or call me at 223-.

I would strongly recommend that you re-read the syllabus a number of times during the semester and write down the test and project dates so you will not forget them.  Another important date is the date to take test 4 at other than RGC location.  Check the class schedule for all these dates.

6. Instructional Methodology:

This section an internet open campus or distant learning self study course.  The instructor is available for assistance.  You will study the material on your own.  Tests are taken at home using the student's computer which must be equipt witha web cam.  Soft ware to use will be Respondus Lockdown Browser.  There are deadlines for all tests and projects.

The Blackboard  software will be used in this course to find out grades and to receive announcements and/or discussions.   Students should be checking the Blackboard site once a week for announcements or discussions.  For those students that are not familiar with is software, you can obtain detail instructions on: http://irt.austincc.edu/blackboard/Student Support.phpor go to the ACC home page and click on the Blackboard link.  Then in the upper left hand corner of the Blackboard page click on student support.

  7.  Course Objectives/Learning Objectives

A. General Objectives/Outcomes

  Understand the chapter objectives at the beginning of each chapter

B. Instructor Course Learning Objectives:

1. Understand the ever changing roles, activities, and environment of retail operations and their buyers

2. .Discuss the planning purchase process for domestic marketplace

3. Understand the importance of transmitting merchandise and product information to retail personnel

4. Construct a detail buyer’s plan for a special event.

5. What are the elements of the buying plan?

8. Grading System:

A. Testing: There will be 4 tests for this course.  The tests will be taken at the student's home using the student's computer with a web cam and using Respondus Lockdown Browser.  Instructions will follow.

The tests will be made up multiple choices (M/C) questions.  In addition there is a Test Essay part.   These tests will be taken at home and will be submitted in Blackboard.

The exam will be made up have approximately 60 Multiple-Choice questions. Each will be worth 3 points. 

In additional, there will be a test essay part that will be submitted in Blackboard in the link that I have provided.  The test essay part will be taken at home.   There may be approximately 8 or 10 short answer questions in which you will be required to answer 5.  Each of will be worth 4 points.  You may answer 2 additional questions for extra or bonus credit (4 points maximum per extra bonus questions.) 

The student may obtain exam grades by going to the My Grades section in Blackboard and looking up their exam grade.  All exams must be completed prior to the posted closing times of the testing centers, so give you ample time to complete the exam. 

No notes are permitted in the testing centers for this course.

 

Exam

Text Chapters

Value of the test

Test dates are listed in the class schedule

1

Chapters 1-4

200 Points

Test 1 M/C =180 points

Test 1 Essay=20 points

2

Chapters 5-8

200 Points

Test 2 M/C =180 points

Test 2 Essay=20 points

3

Chapters 9-12

200 Points

Test 3 M/C =180 points

Test 3 Essay=20 points

4

Chapters 13-15

200 Points

Test 4 M/C =180 points

Test 4 Essay=20 points

 Students taking the exams by the deadline will earn a bonus of 5 points per exam.

B. Assignments: There will be a number of graded assignments in this course.  All are requiredand are discussed below:

C. Grading:

Tests M/C : 4 each test is worth 180 points                                                  720 points

Essay part of the test 20point (4 tests X 20 points)                                       80 points

4 Chapter Assignment Projects 40 Pt. each                                                 160 points

2 Trendwatch/Snapshot Assignments  (2 X 20points = 40)                        40 points                                                                                                                                                   

 Total Value of course                                                                                       1000 points

D. Test letter grades:

A= 200 to 180 points

B= 179 to 160 points

C= 159 to 140 points

D= 130 to 120 points

F= Below 120 points

E. Semester letter grades will be earned based on the following points structure:

A = 1000 to 900 points

B =  899 to 800 points

C = 799 to 700 points

D = 699 to 600 points

F = below 600 points
 

You can obtain your grades by logging in the My Grade section of the Blackboard site.  Due to the Federal Privacy Act, I can not give you your grades over the phone or in an email.  They are available in Blackboard or in person in my office.

9. Testing Center Policy

Due to the COVID 19 virus testing centers will not be used in this course.

10 Due Date:

See Class Schedule and Deadlines on Blackboard

11. Test Review Notes & Questions:

There will be a link or button titled Test Review Notes on Blackboard.  This can serve as a review tool in preparation for the tests.  These review notes will be posted on Blackboard no later than 10 to 14 days before the test deadlines.  These test review notes are NOT a substitute for the material in the text.  They supplement the text and should be used as a review tool.

12. Course Outline

See Table of Contents on page 10

13. Note used

14. Withdrawals:

It is the student’s responsibility to withdraw from the course if the situation so dictates.  You should initiate the withdrawal from in accordance with the procedures at any Admissions Office at any campus.  The last day to withdraw from this course is listed in the Class Schedule and Deadlines.  Failure to successfully comp0lete the course or withdraw from the course will result in a grade of  “F” which will become part of the student’s permanent record. 

The instructor may withdraw a student for lack of progress or failure to take tests or submit assignments.  Therefore it is important to keep the instructor informed if there is any delays to your testing or submission of your assignments.

15. Chapter Assignments:

You must complete the following chapter assignments and submit them no later than the date indicated as listed in the Class Schedule.  These questions are found in the text titled “Review Activities.”  This section is at the end of each chapter.

This assignment is design to aid you to prepare for the exam.  There are 4 segments of this project and each is valued at 25 points for a total of 100 points for this complete project.

 Due to the nature of this assignment, they will not be accepted after the due date.  The assignments will be submitted on Blackboard in the link or button that I have provided.  Assignments are to be sent in Blackboard.  I do not accept or open attachments to regular emails

Do not use any other Blackboard tool other than the link that I have provided.  Make sure you submit all the assignment questions for all the chapters that will be covered in the test at the same time.  There are only 4 links in Blackboard for these assignments.

Your replies must be in a font size 11 or larger.  You are to write in the Chapter number, the question number and the question.  Skip a line and then write your reply.  This format is a must.  If you are having difficulty,  contact the Blackboard Support Team for assistance.

Segment

Chapter

Question & page

Due Date: See Class Schedule & Deadlines

1

     1

Page 27 Questions 13 & 16

 

1

    2

Page 63 Questions

1, 9 & 12

 

1

    3

Page 95 Questions 2 & 3

 

1

   4

Page 130 Questions 1, 5 & 9

 

 

Test 1

 

 

 

2

    5

Page 162 Questions 1, 3 &11

 

2

    6

Page 199 Questions 1, 3 & 11

 

2

    7

Page 230-231 Questions 1, 3 & 9

 

2

   8

Page 263-234 Questions 2, 3 &10

 

 

Test 2

 

 

3

   9

 

Page 293 Questions 4, 5, & 14

 

3

   10

Page 322 Questions 3 & 14

 

3

   11

Page 351 Questions 1 & 6

 

3

  12

Page 385 Questions 2, 12 &  15

 

 

Test 3

 

 

4

  13

Page 413 Questions 4 & 8

 

4

  14

 

Page 444 Questions 1, 12, &13

 

4

  15

Page 474 Questions 3, 5 & 17

 

4

 16

Page 501 Questions 2 & 10

 

 

 

 

 

 

 

 

 

 

Test 4

 

 

 

 

 

 

 

 

 

 

 

16. Trendwatch & Snapshot Projects:

At the end of each chapter there is sections titled Trendwatch and Snapshot.  These sections are narratives about specific subjects that impact retail buying and those elements that impact retail buying.  There will be 2 segments of this project.

  1. Chapter 3 Snapshot titled Forever 21: Providing Fashion Faster on page 99 of your text. This segment is valued at a maximum of 20 points.

 

  1. Chapter 9 has a Snapshot titled Fashion forecasting: Doneger Creative Services on page 303.    . This segment is valued at a maximum of 20 points

 

  1. Use the information in the narrative and in the chapters in your replies.  This is an applied knowledge project where you must take information from the chapters and perhaps other chapters and apply it in your replies

17. Incomplete Grades

You are encouraged to complete this course successfully, therefore incomplete grades are rarely granted.  Past experience reflects students who do not complete the necessary work during the semester they are registered in will not complete the course even if additional time is given.  In these cases the incomplete grade of “I” becomes an “F” grade.  However if the situations exist, I may grand the grade of incomplete, “I”.   To receive this temporary grade of “I” you must:

 

  • Have completed 2 exams with at grade of C or better and 1 of the 3 projects.
  • Request the “I” grade to the instructor and complete the necessary forms.
  • Complete the course in the time allowed by the instructor.  Failure to complete the material in the allowed time will result in the “I” grade being changed to a grade of “F”.

18. Extra Credit or Bonus Credit:

Every student can earn up to 50 points of extra credit.  This can be accomplished by:

You may interview a buyer or a manager at a retail business concerning their retail buying process and program.  In the interview give full name and business name and title of the individual.  Include discussion of the company’s background in retail buying. This interview should be from 2 to 3 pages in length.   This would be worth a maximum of 25 points.

  • OR during the semester, I will place an announcement and send an email to you concerning items that have been discussed in the text and ask for your comments.  There will be 4 or 5 of these graded discussions.  Depending on your comments your work could be worth from 1 to 10 bonus points toward your final grade.
  •   Extra credit should be labeled extra credit and see the Class Schedule for due dates.

19. Course Policies: Departmental and College Policie

A. Incomplete Policy:  An instructor may award a grade of “I” (Incomplete) if a student was unable to complete all of the objectives for passing grade in a course.  An incomplete grade cannot be carried beyond the established date in the following semester.  The completion date is determined by the instructor, but may not be later than the final  deadline for withdrawal in the subsequent semester.

 

B. Attendance Policy:  Since this is an Open Campus course, this police are not applicable.  However, tests and other projects will have deadlines and they are expected to be taken or submitted on time.

 

Regular and punctual class attendance is expected of all students.  If attendance or compliance with other course policies is unsatisfactory, the instructor may withdraw students from the class.

 

C. Withdrawal Policy:  It is the responsibility of each student to ensure that his or her name is removed from the roll  should he or she decide to withdraw from the class.  The instructor does, however reserve the right to drop a student should  he or she feel it is necessary.  If a student decides to withdraw, he or she should also verify that the withdrawal is submitted Before the Final withdrawal Date.   The student is also strongly encouraged to retain their copy of the withdrawal form for their records.

 

Students who enroll for the 3rd or subsequent time in a course taken since Fall, 2002, may be charged a higher tuition rate, for that course.

 

State law permits students to withdraw from no more than 6 courses during their entire undergraduate career at Texas public colleges or universities.  With certain exceptions, all course withdrawals automatically count towards this limit.  Details regarding this policy can be found in the ACC College Catalog.

 

 

 

D. Academic Freedom Statement:  Each student is strongly encouraged to participate in class. In any classroom situation that includes discussion and critical thinking, there are bound to be many differing viewpoints.  In the OLN courses this can be via the internet or Blackboard.  These differences enhance the learning experience and create an atmosphere where students and instructors alike will be encouraged to think and learn. On sensitive and volatile topics, students may sometimes disagree not only with each other but also with the instructor. It is expected that faculty and students will respect the views of others when expressed in classroom discussions.

 

E. Scholastic Dishonesty Statement:A student attending ACC assumes responsibility for conduct compatible with the mission of the college as an educational institution.  Students have the responsibility to submit coursework that is the result of their own thought, research, or self –expression.  Students must follow all instructions given by faculty or designated college representatives when taking examinations, placement assessments, tests, quizzes, and evaluations.  Actions constituting scholastic dishonesty include, but are not limited to plagiarism, cheating, fabrication, collusion, and falsifying documents.  Penalties for scholastic dishonesty will depend upon the nature of the violation and may range from lowering a grade on 1 assignment to an “F” in the course and/or expulsion from the college.  See the Student Standards of Conduct and Disciplinary Process and other policies at http://www.austincc.edu/current/needtoknow

 

F. Student Rights and Responsibities:   Students at the college have the rights accorded by the U.S. Constitution to freedom of speech, peaceful assembly, petition and association.  These rights carry with them the responsibility to accord the same rights to others in the college community and not to interfere with or disrupt the educational process.  Opportunity for students to examine and question pertinent data and assumptions of a given discipline, guided by evidence of scholarly research, is appropriate in a learning environment.  This concept is accompanied by an equally demanding concept of responsibility on the part of the student.  As willing partners in learning, students must comply with college rules and procedures.  

 

G. Student Discipline Statement:  Each ACC campus offers support services for students with documented disabilities.  Students with disabilities who need classroom, academic or other accommodations must request them through the Office for Students with Disabilities (OSD).  Students are encouraged to request accommodations when they register for courses or at least 3 weeks before the start of the semester, otherwise the provision of accommodations may be delayed.

 

Students who have received approval for accommodations from OSD for this course must provide the instructor with the “Notice of Approved Accommodations” for OSD before accommodations will be provided.  Arrangements for academic accommodations can only be made after the instructor receives the “Notice of Approved Accommodations” form the student.

 

Students with approved accommodations are encouraged to submit the “Notice of Approved Accommodations” to the instructor at the beginning of the semester because a reasonable amount of time may be needed to prepare and arrange for the accommodations.

 

Additional information about the Office for Students with Disabilities is available at http://www.austincc.edu/support/osd/

 

H. Safety Statement: Austin Community College is committed to provide a safe and healthy environment for study and work. You are expected to learn and comply with ACC environmental, health, and safety procedures and agree to follow ACC safety policies.  Additional information on these can be found at http://www.austincc.edu/ehs.

Because some health and safety circumstances are beyond our control, we ask that you become familiar with the Emergency Procedures poster and Campus Safety Plan map in each classroom.  Additional information about emergency procedures and how to sign up for ACC Emergency Alerts to be notified in event of a serious emergency can be found at  http://www.austincc.edu/emergency/.

Please note, you are expected to conduct yourself professionally with respect and courtesy to all.  Anyone who thoughtlessly or intentionally jeopardizes the health or safety of another individual will be dismissed from the day’s activity, may be withdrawn from the class, and/or barred from attending future activities.

Use of ACC Email:  All college email communications to students will be sent solely to the student’s ACCmail account, with the expectation that such communications will be read in a timely fashion.  ACC will send important information and will notify you of any college emergencies using this account.  Students should only expect to receive email communications from their instructor using this account.  Likewise students should use their ACC mail account when communicating with instructors and staff.   Instructions for activating an ACC mail account can be found at http://www.austincc.edu/accmail/index.php.

J. Testing Center Policy:  Under certain circumstances, an instructor may have students take an examination in a testing center.  Students using the Academic Testing Center must govern themselves according to the Student Guide for Use of ACC Testing Centers and should read the entire guide before going to take the exam.  To request an exam one must have:

Course Abbreviations (e.g.BMGT )         Course Number (e.g. 1347)                                                                                        Course Synonym (e.g. 11231)                 Course section (e.g. 001)                                                                                     Instructor’s Name (Sarantakes)

Do not bring cell phones to the Testing Center.  Having your cell phone in the testing room, regardless of whether it is on or off, will revoke your testing privileges for the remainder of the semester.  ACC Testing Center policies can be found at http:www.austincc.edu/testctr/

K. Student and Instructional Services:  ACC strives to provide exemplary support to its students and offers a broad variety of opportunities and services.  Information on these services and support systems is available at:  http://www.austincc.edu/s4/

Links too many student services and other information can be found at http://www.austincc.edu/current/

ACC Learning Labs provide free tutoring services to all ACC students currently enrolled in the course to be tutored.  The tutor schedule for each Learning Lab may be found at http://www.austincc.edu/tutor/students/tutoring/php

For help setting up your ACCeID, ACC Gmail, or ACC Blackboard, see a Learning Lab Technician at any ACC Learning Lab.

 

 

 

19. Course Outline


 

                                                                 Chapter 1               Today’s Buying Environment

 

                                                                Chapter 2               The Buying Function in Retailing

 

Chapter 3               Buying for Different Types of Stores

Chapter 4                 Obtaining Assistance for Making Buying Decisions

 

                                        Test 1

Chapter 5                         Understanding Your Customers

 

Chapter 6                         Understanding Product Trends: What Customers Buy

 

Chapter 7                         Forecasting

 

Chapter 8                         Preparing Buying Plans

 

 

 

                                        Test 2

Chapter 9                         Developing Assortment Plans

 

Chapter 10                        Controlling Inventories

 

Chapter 11                        Selecting Vendors & Building Partnerships

 

Chapter 12                        Making Market Visits & Negotiating with Vendors

 

                                        Test 3

 

Chapter 13                        Locating Sources in Foreign Markets

 

Chapter 14                        Making the Purchase

 

Chapter 15                        Pricing the Merchandise

 

Chapter 16                        Promoting the Merchandise

 

                                               Test 4

 

   

 

Readings

See Course Requirements listed above.  Text is Retail Buying by Clodfelter, 6th edition, Fairchild Books 2018.  Syllabus dated June30, 2020.  Check Blackboard course site for latest syllabus.

Course Subjects

Please refer to the  Course Requirements listed above in the syllabus that is dated June 30, 2020.  Check Blackboard course site for latest syllabus.

Student Learning Outcomes/Learning Objectives

Please refer to the Course Requirements that is listed in the above syllabus dated June 30, 2020.  Check Blackboard course site for upated changes.