Friday, March 21, 2014

Concept of Merchandising



The term “merchandising”is well known to the person specially involved in garments trade. The term merchandising has been derived from the term “merchandise”. Merchandise means goods that are bought and sold.

The term merchandiser may be defined as the person who merchandises the goods especially for export purposes. He have to look after every job like buying the raw material (which is required to finish the product), making the garment, finishing the garment, documentation (over all view), finally shipping. He is the responsible person to make the product. The merchandiser also creates a good relationship in between exporter & buyer.

Garments merchandising means buying raw materials and accessories, producing required garments, maintaining required quality level and exporting the garments within schedule time frame.

TYPES OF MERCHANDISING
Two type of merchandising done in garment exports.
1)      Marketing merchandising.
2)      Product merchandising.
 1) Marketing merchandising
There are three main function of marketing merchandising is
                  >>  Product Development
                  >>  Costing
                  >>  Ordering Marketing merchandising is to bring orders costly products  
                         development and it has direct contact with the buyer.
2) Product merchandising:
Product merchandising is done in the unit. This includes all the responsibilities from sourcing to finishing i.e. first sample onwards, the products merchandising work start and ends till shipment. Key responsibilities of product merchandising are as follows:

                  >>  Product Development 
                  >>   Market and product Analysis
>>   Selling the concept
>>   Booking orders
>>   Confirming Deliveries
>>   Designing and Sampling
>>   Costing
>>   Raw Material
>>   Flow Monitoring
>>   Production Follow Ups
>>   Payments Follows
>>   Internal & external communication,
>>   Sampling
>>   Lab dips
>>   Accessories & trims
>>   Preparing internal order sheets
>>   Preparing purchase orders
>>   Advising and assisting production,
>>   Advising quality department about quality level
>>   Mediating production and quality departments
>>   Giving shipping instructions and following shipping,
>>   Helping documentation department
>>   Taking responsibility for inspections and
>>   Following up the shipment.