1. Purchasing Virtual Business Challenge
Retail Operations

2. What is Purchasing?
Purchasing is an component to the success of the store. A store must have adequate supplies available for its customers.

3. By completing this Simulation, you will learn…
The basics of purchasing store inventory
Selecting vendors
Managing store inventory

4. Purchasing Questions What is a buyer? Explain the open-to buy process?
How does a store select vendors?
Explain the factors that influence inventory control and systems.
Why is it important to understand stock turnover?