Financial transaction of merchandising of Crystal Martin Apparel Bangladesh Ltd.

Abstract

Merchandising department is the star of the department among all the working departments in the Export concern, because it is the only department having maximum control over the departments and total responsible for profit and loss of the company. After LPG (Liberalization, Privatization & Globalization) the business gets more important and now merchandising is on its hot seats. So, it is necessary to understand the day to day happenings of the star department. In the field of marketing and services, Merchandiser is at a position of utmost importance, He is the person who co-ordinates with various departments for a uniform business. It denotes all the planned activities to execute and dispatch the merchandise on time, taking into consideration of the 4 Rs to replenish the customer. Right Quantity, Right Quality, Right Cost and Right Time is what they have to deal with. Financial transaction of Merchandising is two part, cash inflow & cash outflow. Cash inflow from the buyers & cash outflow to the suppliers. Most of the case merchandisers handle cash outflow. On the other hand organization’s top management handles the cash outflow. In my organization Crystal Martin Apparel Bd ltd. there are three financial period in a year. The Winter, the Autumn & the Spring. 1st we get order from buyers & then go to the suppliers to meet the all requirements of buyers. So transaction with the suppliers is very important in the organization.