FMM 114: Final Project Guidelines and Grading Guide

Overview The final project for this course is the creation of a six-month buying plan that includes three components: a dollar plan, a stock plan, and a final merchandise- buying plan with an executive summary and retail store overview. Based on the knowledge obtained in the course, you will develop a comprehensive buying plan for a fictitious retailer, the University Boutique. The successful completion of this project will require you to incorporate information provided throughout this course. The project is divided in to three milestones, which will be submitted at various points throughout the course to scaffold learning and ensure quality final submissions. These milestones will be submitted in Modules Five, Six, and Eight.

Format Milestone One: Dollar Planning

In 5-2 Dollar Planning, you will submit a word document containing all sections of the milestone. This is required but not graded. This is submitted for formative feedback from the instructor.

Milestone Two: Stock Planning

In 6-2 Stock Planning, you will submit a word document containing all sections of the milestone. This is required but not graded. This is submitted for formative feedback from the instructor.

Milestone Three: Merchandise-Buying Plan

In 8-2 Merchandise-Buying Plan, you will submit the completed plan. It should be a complete, polished artifact containing all of the main elements of the final product. It should reflect the incorporation of feedback gained throughout the course. This milestone will be graded using the Final Product Rubric.

Deliverable Milestones

Milestone Deliverables Module Due Grading

1 Dollar Planning 5 Required but not graded; formative feedback from instructor

2 Stock Planning 6 Required but not graded; formative feedback from instructor

3 Final Product: Merchandise-Buying Plan 8 Graded separately; Final Product Rubric

Main Elements The final project should include the following sections:

? Cover page

? Executive summary

? Retailer overview

? Dollar plan

? Stock plan

? References

Milestone One: 5-2 Dollar Planning

Assignment Overview

As the merchandise buyer for the University Boutique, you have been given the task of developing the six-month buying plan for the coming

fall/winter season. To get started you will begin by planning sales, beginning-of-month stock, reductions, and purchases.

This assignment is divided into four sections, one for each part of the dollar plan. For each section, read the information provided to assist you in

completing the tables.

You MUST fill in all empty spaces in each table.

Calculating Planned Sales

When planning sales, merchandise buyers must consider factors such as current sales trends, economic conditions, fashion trends, and the retailer’s

past sales performance. However, in many instances the merchandise buyer does not establish his or her own sales goals. It is management who

decides the amount of profit that is needed to continue running the business successfully. Therefore, the sales goal for the University Boutique for

this six-month buying period is $2,840,000.

Complet