Program on Retail data science & maths
About this course
Course Details are as follows •Understanding of Gross Sales•What is Gross Margin %•What is Average Transaction Value•What is Conversion % in Retail•Whats is COGS•What is pareto rule 80:20•Understanding of Damages•Review of Store Key KPI’s•What is Ranking of SKUS•Understanding of Qty’s per bill•What is GMROI•What is Gross Margin return on labor•What is Sell through %•What is Sales to Stock ratio•What is Open to Buy Meaning•What is OTP Understanding•What is EBIDTA in Retail•What is P&L•How to Control Damages•What is Shrinkage•What is Markup and Markdown Understanding•Understanding of Merchandise mix•What is Pentagon Concept•Vendor Margin Negotiations processData analysis video with real dataRetail is a science and important decisions are always taken basis the data. The period is of data analysis. The way forward in order to be relevant in a job or business, data analysis is must to have. Jobs are changing very rapidly, new jobs are being created. Their is juge demand of professional with data fundemental understanding and ability to interpret it in a seamless manner. Time to check the learning curve and improve the learning basis for higher growth in the career. All the best!
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What you'll learn
- understanding of gross sales
- knowledge of gross margin percentage
- insight into average transaction value
- familiarity with conversion rates in retail
- comprehension of cost of goods sold (COGS)
- ability to control damages and shrinkage
- understanding of key performance indicators (KPIs) in retail
- skill in vendor margin negotiations
- an understanding of gross margin return on labor and sales to stock ratio
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