Experience with the principles, practices and trends of retail management including: accounting, purchasing, cost, retail operations and practices, markup, margin, payment terms and freight terms; inventory control principles and techniques, and shipping and receiving procedure, and the skills to make informed, independent judgments on a wide variety of business-related activities. In support of a more cost-effective procurement process for the University, buyers for the UC Davis Stores have been granted increased purchase authorization delegation by Materiel Management for the purchase of items for resale, with a maximum of $50,000 per day per vendor (including tax, freight and handling charges) for general merchandise, and no maximum limit for published material (i.e. course materials/textbooks).