Qualification details

SIR50317 - Diploma of Retail Merchandise Management (Release 1)

Summary

Releases:
ReleaseStatusRelease date
1 1 (this release)Current 16/Aug/2017

Usage recommendation:
Current

Training packages that include this qualification

Units of competency

CodeSort Table listing Units of Competency by the Code columnTitleSort Table listing Units of Competency by the Title columnEssential
BSBINN502 - Build and sustain an innovative work environmentBuild and sustain an innovative work environment Elective
BSBLDR503 - Communicate with influenceCommunicate with influence Elective
BSBWOR501 - Manage personal work priorities and professional developmentManage personal work priorities and professional development Elective
SIRRMRM002 - Develop a merchandise strategyDevelop a merchandise strategy Core
SIRRMRM003 - Conduct a post-trade analysisConduct a post-trade analysis Core
SIRRMRM004 - Develop a merchandise financial planDevelop a merchandise financial plan Core
SIRRMRM005 - Develop a category financial planDevelop a category financial plan Core
SIRRMRM006 - Plan a merchandise product rangePlan a merchandise product range Core
SIRRMRM007 - Negotiate and establish supply arrangementsNegotiate and establish supply arrangements Core
SIRRMRM008 - Develop a merchandise promotional planDevelop a merchandise promotional plan Core
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Classifications

SchemeCodeClassification value
ANZSCO Identifier 142111 Retail Manager (General) 
ASCED Qualification/Course Field of Education Identifier 0805 Sales And Marketing 
Qualification/Course Level of Education Identifier 421 Diploma 
Taxonomy - Industry Sector N/A Retail Management 
Taxonomy - Occupation N/A Retail buyer ,Merchandise manager ,Merchandise planner  

Classification history

SchemeCodeClassification valueStart dateEnd date
ANZSCO Identifier 142111 Retail Manager (General) 12/Oct/2017 
ASCED Qualification/Course Field of Education Identifier 0805 Sales And Marketing 12/Oct/2017 
Qualification/Course Level of Education Identifier 421 Diploma 16/Aug/2017 
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Modification History

Not applicable.

Qualification Description

This qualification reflects the role of individuals who undertake retail merchandise management activity to deliver profitable results for a retail organisation. They analyse merchandise performance results and follow an organisational strategy to plan and enhance ongoing merchandise performance.

These individuals operate with autonomy, are responsible for their personal outputs, and undertake decision making independently and in consultation with others.

Individuals with this qualification are able to perform roles such as buyer, merchandise planner and merchandise manager.

No occupational licensing, certification or specific legislative requirements apply to this qualification at the time of publication.

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.

Packaging Rules

11 units must be completed:

  • 7 core units
  • 4 elective units, consisting of:
  • 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 

SIRRMRM002

Develop a merchandise strategy

SIRRMRM003

Conduct a post trade analysis

SIRRMRM004

Develop a merchandise financial plan

SIRRMRM005

Develop a category financial plan

SIRRMRM006

Plan a merchandise product range

SIRRMRM007

Negotiate and establish supply arrangements

SIRRMRM008

Develop a merchandise promotional plan

Elective units 

Merchandise Management  

SIRRMRM009

Plan merchandise buying trips

SIRRMRM010

Plan product development

SIRRMRM011

Manage merchandise quality and compliance

Management and Leadership 

BSBLDR503

Communicate with influence

SIRXMGT003

Provide leadership to others

SIRXMGT004

Plan and manage retail projects

Risk Management and Security  

SIRXRSK003

Manage risk in the retail environment

Working in Industry  

BSBINN502

Build and sustain an innovative work environment

BSBWOR501

Manage personal work priorities and professional development

Qualification Mapping Information

No equivalent qualification.

Links

Companion Volume Implementation Guides - https://vetnet.education.gov.au/Pages/TrainingDocs.aspx?q=ca051b1b-5101-4ec2-ac1c-49699303188d

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