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Malaysia, - Kuala Lumpur
Dates flexible
Professional Training Course
Yes (Details)
English
$4,500
Course Overview
For many people the phrase and retail math's conjures up horrific memories from their school days. Even so they realise that retail math is a very important part of operating a retail business. In every business there is never ending number crunching going on. The analysts have to look at the numbers from every angle to ensure on-going profitability. A retail store or group of stores is no different. There are many numbers that need to be analysed regularly to help in managing the day to day business; to aid in decision making on just about everything.
Who should take this course
Store/branch managers Area sales managers Finance Analysts Sales directors Head office sales/finance staff
Accreditation
CPD
Course content
Module 1 - Terms formulas and measures. Glossary of maths terms used in Retail Key Performance Indicators Commonly Used Formulas Profitability Measurements, Balanced scorecard.
Module 2 - Setting Budgets % Mixes Variances Margin. Typical Profit/Loss Statement (Operating Statement). Open to Buy (Definitions Formulas).
Module 3 - Range Planning Supplier. Costing Size Ratios Grading & Density.
Module 4 - Reviewing Performance. Sell through Rate of Sale Best Sellers Weeks Cover.
Module 5 - Trading WSSI (weekly sales, stock & intake) Markdown Allocations & Replenishment
About Course Provider
London Training for Excellence offer a wide range of training courses in London for organisations and individuals who wish to advance their skills and knowledge in the business world. With a great training centre in London, London TFE have everything that is needed to understand the basic needs of a business. Each course focuses on the ‘real-life’ issues a business could face and how to tackle them with ease.
London TFE have a team of enthusiastic leaders and instructors who share a passion for education and want to deliver that same passion to every individual who wish to take a business to succession. Each training courses London encourages individual to aim high and reach their full potential.