RETAIL BASICS IN MERCHANDISE MANAGEMENT
Understanding The Retail Product Cycle
This series of ten video-based online modules is packed with information on the tools, techniques and processes that retailers use to help them interpret and deliver their strategies and present their offer. The modules give an overview of merchandise planning, sourcing, buying, range & assortment planning, WSSI, allocation, distribution and trading. Gain insight into buying roles and responsibilities, merchandising, planning and commercial departments and how success is defined and measured in commercial terms.
What you will learn
- The current trends and complexities affecting retailers today
- The retail cycle and the roles and responsibilities within a retail business
- The high-level tools, techniques and processes within the retail cycle that bring products to market
- The key concepts, calculations and drivers used within typical retail organisations
Modules in more detail
The retail landscape – Identify global retailers, the changes the sector has seen in recent years, and the impact of online retailing
Retail structures – Introduce common retail structures, the key roles and their responsibilities
The retail cycle – As the main part of the course this module provides an overview of the six high-level steps that all retailers use to manage their business including the key activities at each sage
Emerging trends – An opportunity to explore some of the topics that are re-shaping the retail landscape of today and consider whether they will have a positive or negative impact on the future of retailing
Who is this course for
The aim of this course is to give those new to the retail industry valuable insights and an awareness of the critical decisions, tasks and activities undertaken by retail commercial teams. This course brings to life the retail product lifecycle and explains how retailers think, adapt and deliver results.
This course is suitable for anyone new to working in a retail support office whether in the merchandise management area, supply chain, marketing, or the retail operations function.
$330 inc GST
4 x fortnightly payments of $82.50 (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
Understanding Retail: Calcs & Jargon
An understanding of how to perform key retail calculations and the terminology and jargon used by retailers is fundamental within any commercial role. This useful online course…
4 x fortnightly payments of $41.25 (inc GST)
Buy Both Understanding Retail Courses And SAVE $50
UR: Calcs & Jargon is the partner course to UR: The Retail Product Cycle – purchase both courses together and save $50 on the price.
4 x fortnightly payments of $110 (inc GST)
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