Price Management

This series of four online modules educates on methods of managing prices to optimise departmental margin. The price management process is explored from setting the initial pricing strategy, through to creating effective promotions and the management of markdowns at the end of the season, examining how and why price management is crucial to profitability.

What you will learn

  • The considerations for setting initial prices
  • The different types of price change and when they can be used
  • How to calculate profitable promotions
  • How to interpret performance to determine clearance markdown criteria

Modules in more detail

Initial price setting – how to begin the price management process by setting initial prices

Price changes – the different types of price change and when to use them

Promotions – how to plan and cost promotions and determine their impact on profit

Clearance markdown – when, how and why to apply a permanent markdown

Who is this course for

  • Entry and intermediate level roles in buying and merchandise planning responsible for, or involved in, price setting, planning and ongoing management

$350.00 excl GST

or 4 payments of $87.50 with Wizit learn more

4 x fortnightly payments of $96.25 (inc GST)

Unsure if a course is right for you...

If you are uncertain whether a course is at the right level for you, then take an assessment through the Numensa Assessment Centre.  We have six different assessments, three for buying and three for planning.  

  • Entry – for anyone new to retail or working in a buyer’s admin or allocator level
  • Intermediate – for anyone working at the assistant/junior buyer/planner level
  • Advanced – for anyone working at a buyer/planner or senior buyer/planner level

At a glance...

  • Four online modules
  • Total learning time = 1 hour 15 minutes
  • Gamified self-led learning
  • Works across PC, tablet and phone
  • Full audio voiceover
  • Video and eLearning format
  • Digital activities, quizzes and action plans
  • Practical application of best practice
  • Full access for 6 months
  • Developed by retail buying & planning professionals
  • Digital certificate on completion

Combine with these courses and SAVE!

  • Price Management + 1 of these two courses = SAVE $50
  • Price Management + Order Management + In-season Management = SAVE $100

Order Management, Allocation & Replenishment

This series of five online modules deliver a fundamentally important understanding of the end-to-end process involved in stock management. The stages of this process cover…

$350.00 excl GST

or 4 payments of $87.50 with Wizit learn more

4 x fortnightly payments of $96.25 (inc GST)


In-season Management

This series of five online modules is an introduction to in-season forecasting and how trading decisions and actions can optimise departmental performance.

$400.00 excl GST

or 4 payments of $100.00 with Wizit learn more

4 x fortnightly payments of $110 (inc GST)

Have more questions?  

Or call 1300 969 560 to speak to Beverley Chambers about the best course for you.