Basic knowledge for Merchandising ©right Name : MAZADUL HASAN SHESHIR ID: 2010000400008 Batch: 13th Batch (Session 2009-2013) Department: Wet Processing Technology Email: mazadulhasan@yahoo.com Blog: www. Textilelab.blogspot.com Southeast University Department of Textile Engineering PREPARED BY ©right MERCHANDISING DEPARTMENT OF KNIT CONCERN GROUP Total Textile Process at a Glance Merchandiser ↓ Negotiation with buyer & collect order ↓ Costing ↓ Sample making (according to buyer requirement) ↓ Get approval &Placement of order ↓ Getting started (In-house preparation of accessories) ↓ Line balancing ↓ Commencing production ↓ Production Monitoring ↓ Inspection ↓ Buyer’s Inspection (After Finishing) ↓ Preparation of banking & documentation ↓ Shipment/delivery Process Flow-Chart of Merchandising Definition of merchandiser The main role of a garments merchandiser is to collect garments export order (export L/C), produce the garments, export the garments and earn profit, to perform those functions successfully needs lot of knowledge, experience & tremendous effort for a merchandiser. The term merchandising is defined as follows: Definition of merchandising • The term merchandising related with trade • Trade means buying & selling • The person who is involved with trade, he/she is a merchandiser • And the activities of a merchandiser is known as a merchandising Definition of merchandiser Responsibilities of Senior Merchandiser 1. Sample development 2. Price negotiation 3. Order confirmation 4. L/C opening 5. Opening summery 6. Sourcing 7. Material collection 8. Production planning 9. Production monitoring 10. Quality assurance 11. Arrange final inspection 12. Arrange shipment Responsibilities of Senior Merchandiser Qualities of a merchandiser 1. Language skill 2. Computer skill 3. Marketing skill 4. Right consumption knowledge of various goods 5. Costing knowledge of raw materials 6. Order getting ability (That is if the merchandiser is known by actual rate of raw materials, so that he can negotiate perfectly with buyer. In this way, the possibility of getting order is hundred percent.) 7. Sincere & responsible 8. Hard worker Qualities of a merchandiser [...]... 7 Indonesia : Turkey: This country is suitable for highly de corative and fancy garments 8 Turkey 9 India China: Buyers select China for decorative garments and short time shipment 10.Shrilanka India: Buyers select India for decorative garments Vietnuma: Buyers select Vietnum for plain printed T-Shiort Combodia: Buyers select Vietnum for plain printed T-Shiort Bangladesh: Bangladesh is a Lower Developing... chart Garment Size Basic Component of a pant Basic Component of a shirt Basic Component of a shirt Some Factors Related to Buying Side: Some Factors Related to Buying Side: Customer: Those who buy the ultimate product are called customers Customer of a product may be the consumer of this product or not Consumer: Those who use the ultimate product are called consumers Consumer of a product may be the consumer... their economies This scheme is known as the "Generalized System of Preferences" Today Bangladesh offers a very flexible and feasible production base for its customers in EU, America and Australia The EU market is quota free for apparels and goods are eligible for the GSP facilities As an LDC member Bangladesh also obtain special Tariff benefit from Canada (18% import Tax free) FOB: FOB means Free on Board... prepared by the manufacturer to collect raw materials from the suppliers It has 7 0-8 0% financial value of Master L/C Difference Between Master L/C and Back to Back L/C: Master L/C Master L/C is prepared by the buyer to import goods from the manufacturer This L/C is issued by the buyer to the manufacturer It is the basic L/C Prepared for the import of goods from the exporter It has higher financial value than... product from other in large quantity are called buyers Whole Seller: Those who sell the product to the retailer are called whole-sellers Retailer: Those who sell the product directly to the customer are called retailers Importers: Those who buy or import the product from foreign or overseas country in large quantity are called importers Some Factors Related to Selling Side: Some Factors Related to... of garments from Bangladesh GSP The Generalized System of Preferences (known as GSP for short) is a scheme whereby a wide range of industrial and agricultural products originating in certain developing countries are given preferential access to the markets of the European Union Preferential treatment is given in the form of reduced or zero rates of customs duties The GSP scheme is specifically designed... buyer of foreign country are called exporters Trader: Those who establish liaison between buyer and manufacturer are called traders List of Traders: Multinational: 1.Li& Fung Local: 1 Team Sourcing 2 Synergies 2 Centro tex 3Linmark 4 Complex tile 5 ZXY Apparel Buying Solution 6 Asmara 7 Texbo Buying House: Buying house means Buyer’s liaison office or trader office Traders are of two types1 Foreign... Garments and Textile product of Bangladesh Name of some important buyers of these countries are described below- Name of Some Important Buyer of Bangladesh: Name of Some USA Buyers:  GAP  Adidas  Walmart  Levi’s (Brand: Dockler, Denizer, Levi’strauss)  VF Asia (Brand: Lee, Wrangler )  PVH -Phillips Von Heuson (Brand: CK)  Peri Ellis  Academy  Banana  Old Navy  US Polo  Nike  American Eagle... L/C Back to Back L/C Back to Back L/C is prepared by the manufacturer to collect raw materials for the production This L/C is issued by the manufacturer to the raw material suppliers It depends on master L/C Prepared to collect raw material from the supplier It has lower financial value than the Master L/C ( 7 0-8 0% of Master L/C ) GARMENTS EXPORT PROCEDURE 9.Sampling: Sample is the small quantity which...  Garments Size ( called “Measurement Chart” or “Size Chart” ) Specification File: The file which contain the specification of product is called the “Specification File” or “Technical Package” or Tech-pack” or “PDM” (Product Development Manual) or “Order Sheet” or “Product Package” Specification File is issued by the buyer and collected by the manufacturer GARMENTS EXPORT PROCEDURE BOM Sheet: The . profit, to perform those functions successfully needs lot of knowledge, experience & tremendous effort for a merchandiser. The term merchandising is defined as follows: Definition of merchandising • The. Basic knowledge for Merchandising ©right Name : MAZADUL HASAN SHESHIR ID: 2010000400008 Batch: 13th Batch. process flow chart Production planning process flow chart Garment Size Basic Component of a pant Basic Component of a shirt Basic Component of a shirt