Retail Fundamental
- Offered byedX
Retail Fundamental at edX Overview
Duration | 17 hours |
Total fee | Free |
Mode of learning | Online |
Schedule type | Self paced |
Difficulty level | Intermediate |
Official Website | Explore Free Course  |
Credential | Certificate |
Retail Fundamental at edX Highlights
- Offered By University of Pennsylvania
- Learn latest methods & techniques of retail management
- Earn a professional certificate from Tuck School of Business, Dartmouth College
- Learn from eminent professors
Retail Fundamental at edX Course details
- We have designed this course to suit a wide variety of participants, from retail owners and store managers, to upgrad business majors or specialists in retail.
- How to generate and evaluate Sales Forecasts
- How to plan and optimize your Inventory Management
- How to think and decide on Product Assortment
- How to find the best prices for your products
- In this course, part of the Retail Management Professional Certificate program, you will learn the four key components of the retail business
- Demand forecasting,
- Inventory management
- Assortment planning
- Pricing decisions
- You will learn about the different challenges that retailers face and have the opportunity to explore methods and techniques available to address these challenges. You will also have access to simulation tools to better internalize the concepts.
- The course will take a hands-on, problem driven approach that will help you understand and put into practice the concepts you learn. At the end of the course you, will be able to make better decisions at every step of the retail process.
Retail Fundamental at edX Curriculum
Week 1: Demand Forecasting
Introduction to Forecasting
Forecasting With History
Forecasting Without History
Measuring Uncertainty
Forecasting Aggregation and Lead Time
Common Pitfalls in Forecasting
Week 2: Inventory Management
Retailers as Inventory Managers
Drivers and Cost of Inventory
Balancing Ordering and Holding Costs
Selling Under Uncertainty: The Newsvendor Model
Safety Inventories
Week 3: Assortment Planning
Introduction to Assortment Planning
Breath and Basket Effect
Depth and Category Management
Variety Trade Offs
Customer's Assortment Perception
Week 4: Pricing Decisions
Introduction to Pricing Decisions
Setting Retail Prices
Right Price
Promotions and Discounts
Price Perception
Retail Fundamental at edX Entry Requirements
- INTERMEDIATE
- Not mentioned
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