Diploma in Retail Management: Advance Your Career and Skills

Learn how each format operates and adapts to consumer needs.

A retail firm goes through different stages in its entire life cycle , every stage comes with new challenges . we are discussing what these challenges are and how retailer attempts to over come it .

In this section we will understand roles , responsibility of key retail departments .

This section will  covers all aspects of Store management , Inventory management from ops team's point of view , sales and customer service along with ensuring store layouts are executed as per plan .

In this lecture you will understand how Product is selected , what role buyers and merchandiser play , how assortment is made . Understand OTB concept ,  concept of Width and depth , logic behind number of phases and benefits of Replen business .

In this Lecture we are covering how Buyers manage supplier base or manage vendors , How merchandisers manage inventory and how pricing strategy followed by retailers

This Lecture covers sales forecasting , sales analysis , Concepts of category management and other tasks done by buying and merchandising team .

Learn about Store layout planning ,how fixtures are used to maintain brand identity .This lecture covers how store design team contributes with  better space utilization through fixture and display design ,  compliance with regulations . we will also cover interesting practices followed by retailers while planning floor layout .

This lecture talks about behavior like Price sensitivity ,Impulse buying , Brand loyalty ,Research oriented shopping ,social and peer influence etc . Retailers are closely monitoring these behaviors shown and according changing their assortment to attract them .

Under Financial management we will learn about every line item of a retail P&L , how to influence each line item for improvement .

This Lecture covers technology retailers are using for day to day management of work as well as getting customers insight .

The Pentagon and Triangle Retail Models are strategic frameworks that provide actionable insights to help retailers achieve operational efficiency, customer satisfaction, and long-term success. Here’s how they help retailers . This lecture talks about strategic alignment , customer centric focus , operational excellence and adaptability .

Understanding  key challenges like changing consumer preferences, competition, inventory management, and rising operational costs. Learn strategies to adapt and overcome these obstacles effectively.

Explaining difference between Margin , Mark up , Stock turn , GMROI ,MSRP , EDLP ,Shrinkage , Sell through and Open to Buy (OTB )  .

Understanding what is Basket size , Conversion under customer term , same way understanding Planogram , Assortment , TAT , Footfall .