Professional Certificate in Retail Profitability Determinants
-- ViewingNowThe Professional Certificate in Retail Profitability Determinants is a comprehensive course designed to empower learners with the essential skills needed to drive profitability in the retail industry. This certificate course focuses on the importance of understanding and optimizing retail profitability determinants, such as product assortment, pricing, promotions, and inventory management.
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⢠Retail Profitability Basics: Understanding Retail Math, Gross Profit Margin, Markup Percentage, and Contribution Margin.
⢠Financial Analysis for Retail: Balance Sheets, Income Statements, Cash Flow Statements, and Key Financial Ratios.
⢠Pricing Strategies: Cost-Plus Pricing, Value-Based Pricing, Competitive Pricing, and Dynamic Pricing.
⢠Inventory Management: Open-to-Buy Planning, Inventory Turnover, Stockouts, and Overstocks.
⢠Shrinkage Control: Causes of Shrinkage, Shrinkage Prevention Techniques, and Shrinkage Reduction Measures.
⢠Sales Performance Management: Sales Metrics, Sales Incentives, and Sales Training.
⢠Retail Technology: Point-of-Sale Systems, Inventory Management Software, and Data Analytics Tools.
⢠Retail Profitability Best Practices: Implementing Profit-Enhancing Strategies, Measuring Success, and Continuous Improvement.
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