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Sector-specific

Improving Stock Management and Profits in the Retail Sector

Retail 45 hours

Introduction

Training in Improving Stock Management and Profits in the Retail Sector is essential for ensuring the efficiency and profitability of business operations. This training focuses on equipping you with the skills for trading in tools and strategies necessary to optimise the management of their stock and, ultimately, increase their business profits.

Training in this area covers a number of key aspects, such as: inventory management, process optimisation, demand forecasting, sales strategies promotions, cost control, technologies and tools, factors affecting retail profits, seasonal trends, barcodes, amongst other key topics.

Objectives

  1. Understanding the Importance of the Stock Management.

  2. Apply Principles Stock Design.

  3. To analyse the Return on Stock.

  4. Manage Costs y Expenses.

  5. Apply Technology y Tools.

Table of Contents

TEACHING UNIT 1. INVENTORY PLANNING

  1. Introduction.
  2. The design of the stock.
  3. The problems faced by suppliers and the retail sector.
  4. Sales management.
  5. Criteria for determining stock levels.
  6. Needs and customs.
  7. Attendance by families.
  8. Types of establishments by stock.
  9. Designed stock.

TEACHING UNIT 2. STOCK AND ITS IMPACT ON RETAIL PROFITS

  1. Introduction.
  2. Stock and revenue.
  3. The abc curve and the stock.
  4. The abc curve of the margin.
  5. Stock profitability indicators.
  6. ABC curve for stock turnover.
  7. Cross-selling of stock.
  8. The maths and the depth of the stock.

TEACHING UNIT 3. MARGINS, PROFITS AND STOCK

  1. Introduction.
  2. Inventory costs.
  3. Business expenses.
  4. Average stock.
  5. Stock and associated costs.

TEACHING UNIT 4. OPTIMISING STOCK MANAGEMENT

  1. Introduction.
  2. The replenishment tool.
  3. The order unit or time unit.
  4. Stock management in practice.

TEACHING UNIT 5. STOCK AND TECHNOLOGY

  1. Introduction.
  2. Digital models for stock management.
  3. The technological foundations for stock management.
  4. The outgoing barcode.
  5. The input barcode.
  6. Stock management software.
  7. Reports from a stock management programme.
  8. Purchasing without placing an order.
  9. Seasonal adjustment.
  10. Administrative procedures.
  11. Stock take without counting items.

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