The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!
From the Wiki University
What evidence can you provide to prove your understanding of each of the following citeria?
Determine category planning requirements.
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Access and review organisational merchandise financial plan to determine category financial planning requirements at the category and sub-category level. Completed |
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Profile target market and identify relevant trends to optimise sales opportunities within category plan. Completed |
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Determine open-to-buy or space capacity for the trading period. Completed |
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Determine strategies and pricing structures to achieve gross margin and margin mix. Completed |
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Develop category financial plan.
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Plan and calculate inventory values using open-to-buy or space capacity method for each category. Completed |
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Allocate inventory value to core and seasonal lines. Completed |
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Assess risk level of inventory within each category and plan markdown value and stock exit strategy to maximise profitability and maintain inventory at budgeted levels. Completed |
Evidence:
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Review promotional plan to determine impacts of planned promotional activity on category planning. Completed |
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Identify and hold back a percentage of category plan spend for reaction to trade. Completed |
Evidence:
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Document category plan using established organisational systems and processes. Completed |
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Obtain input from relevant personnel and make adjustments to category financial plan based on feedback received. Completed |
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Finalise category financial plan and gain required approval. Completed |
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Communicate category financial plan to relevant personnel to inform range planning and merchandise buying. Completed |
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React to trade.
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Evaluate internal and external factors impacting category performance and make any required adjustments. Completed |
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Use action levers to react to in-trade performance. Completed |
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Re-plan category financial plan based on sales, inventory and profit values during trade. Completed |
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Communicate changes to relevant personnel as required. Completed |
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