Retail Maths for Career Growth in Retail Industry
What you'll learn
- Learn retail maths insights for right decisions making
- Understanding of right matrix to use for decision making
- Correlation of two data points and right decision making
- Looking at data from multiple lenses
Requirements
- Some Understanding of Retail business and data analysis Interest for right decision making
Description
Course Details are as follows
•Understanding of Gross Sales
•What is Gross Margin %
•What is Average Transaction Value
•What is Conversion % in Retail
•Whats is COGS
•What is pareto rule 80:20
•Understanding of Damages
•Review of Store Key KPI’s
•What is Ranking of SKUS
•Understanding of Qty’s per bill
•What is GMROI
•What is Gross Margin return on labor
•What is Sell through %
•What is Sales to Stock ratio
•What is Open to Buy Meaning
•What is OTP Understanding
•What is EBIDTA in Retail
•What is P&L
•How to Control Damages
•What is Shrinkage
•What is Markup and Markdown Understanding
•Understanding of Merchandise mix
•What is Pentagon Concept
•Vendor Margin Negotiations process
Data analysis video with real data
Retail is a science and important decisions are always taken basis the data. The period is of data analysis. The way forward
in order to be relevant in a job or business, data analysis is must to have. Jobs are changing very rapidly, new jobs are being created. Their is juge demand of professional with data fundemental understanding and ability to interpret it in a seamless manner. Time to check the learning curve and improve the learning basis for higher growth in the career.
All the best!
Who this course is for:
- Retailers, Retail professionals, Retail Students and anyother retail enthusiast
Instructor
- 4.0 Instructor Rating
- 171 Reviews
- 1,513 Students
- 5 Courses
I come with 28 years of Retail and telecom experience in India.
I work as Business Consultant in India and in International markets.
Currently I am heading a company started by me by the name cgrbrands which is a business advisory firm into Retail , ecommerce and SME business. We build each and every building block for our client to launch their retail store or make that profitable. We work on strategy, processes, layout, team, projects, IT, CRM, Marketing and store launch.
We are also into senior level recruitment .. namasteyindiajobs
Before this was working till 2017 with future retail as chief of operations managing sales and operations of 56 big bazzars covering 1.9 million sq ft retail space in east zone , managing a turnover of Rs 2600 cr and 4000 employees.
Before this was working as Chief operating officer with a brand name which is a popular brand in Auto retail - Windshieldexperts. We were having franchise and owned chain of stores acorss India.
Before this was a Business Manager - East Up with Spencers retail managing hypermarket, supermarket and small stores with a turnover of Rs 750 crs. I worked in different regions over my long stint with them.
Before this was the first Business Manager of Lifestyle stores in Gurgaon , also worked for Ebony retail as Business Manager.
I was also instrumental in launching the second shoppersstop of Mumbai way back in the year 2000.
Apart from above experiences have worked in the initial years of my career in telecom , when telecom started in the country. I managed channel and corporate sales both.
Teaching in Indira gandhi national open university and Ambedkar university. Written 40% of retail books for retail course of IGNOU.
Done Guest lecure of Shri Vishwakarma university