SIRRMRM001 — Plan merchandise buying strategy

1 Undertake post trade analysis.

• 1.1Complete a post trade analysis to review past performance against planned performance, identifying missed opportunities.
• 1.2Analyse customer buying patterns, and predict future trends.
• 1.3Review competitor activity within the local and global marketplace.
• 1.4Consult relevant stakeholders for input on post trade analysis and future range strategy.

2 Determine strategy.

• 2.1Determine range strategy for relevant future trading period based on post trade analysis.
• 2.2Determine price strategy, marketing strategy and product mix for the next trading period.
• 2.3Communicate strategy to relevant personnel and seek input and approval as required.

3 Develop merchandise plan.

• 3.1Review marketing calendar and new store openings and closures as required.
• 3.2Establish base line sales and gross margin requirements.
• 3.3Plan buying margin, markdowns, shrinkage and other reductions.
• 3.4Determine open to buy, weeks cover or other stock measures.
• 3.5Determine width and depth of range.
• 3.6Quantify products to be ordered.

4 Respond to trade.

• 4.1Evaluate sales against plans and performance benchmarks and interpret impact to the forward plan.
• 4.2Manage merchandise plan in response to sales and account for variances in sales trends.
• 4.3Adjust purchases within the merchandise plan, and manage slow moving surplus stock or aged stock to minimise impact on overall margin.
• 4.4Consolidate stock as required.

What does an assessment tool for SIRRMRM001 need to cover?

To satisfy the Principles of Assessment and Rules of Evidence, an assessment for SIRRMRM001 needs to address all 26 unit components: 4 elements with 17 performance criteria, 4 performance evidence requirements, 3 knowledge evidence requirements, and the foundation skills. A coverage matrix mapping each question and task to these components is what an auditor looks for.

How does Auditori generate an assessment tool for SIRRMRM001?

Auditori pulls the current release of SIRRMRM001 from training.gov.au and generates a complete package: candidate assessment, assessor guide with model answers and observation criteria, and a coverage matrix mapping every component. A suitably qualified person then reviews and approves the draft in a built-in workflow — consistent with ASQA's guidance on AI use in VET — before export as branded PDF and editable Word.

Is the first assessment tool really free?

Yes. Every new account includes one free credit — enough to generate the complete assessment tool for SIRRMRM001 — with no card and no subscription required. After that it's pay-as-you-go per unit.

Can I check my existing SIRRMRM001 assessment instead of generating a new one?

Yes — upload your existing assessment or learner guide and Auditori maps it against every element, performance criterion, PE and KE of SIRRMRM001, showing exactly what's covered and what's missing. Mapping costs a quarter of a credit.