Retail Math Online Training – 2 Hrs.
Wednesday, February 28, 2018
1:00 PM to 3:00 PM Eastern Standard Time (6:00 PM London UK)
Retail Math Online Training Starts In
Retail Math Online Training is a 2-Hour intensive discussion and practice on the most important Retail Management metrics, KPI’s and analytics.
This training is packed with information on how to use Retail Math formulas to determine your Key Performance Indicators, your profitability, definition and explanation of terms and examples from actual Retail Operations to give you a full and operational understanding of Retail Math. This is a live webinar and you will have access to the instructor through questions and discussion.
What You’ll Learn:
Most Important KPI’s You Can Not Ignore
KPI’s You Can Ignore
Online Retail KPI’s
Key Metrics and Formulas
Application of Retail Math to Real Life Situations
Which Wall of Your Store(s) is Most Profitable?
Which Fixture is Most Profitable?
Which Sales Associate is Most Profitable?
Which Product Category Has the Highest ROI?
Which Supplier Gives you the Best ROI?
Technique to Sell Sharp Target Increases to Your Subordinates
And Much, Much More…
Definition and explanation of terminology used in Retail Math.
Truly understanding the “numbers” that drive the business, and we mean “truly”
Online and Offline Key Performance Indicators (What to measure, how to measure and how to utilize the results).
Commonly Used Formulas (Gross Margin, Markup, GMROII, GMROF, GMROL, Inventory T/O, etc.).
Practical and Powerful Applications of GMROII, GMROF and GMROL – For example which fixture or counter is most productive for your business
Actual Operational Benchmarks
Open-to-Buy (Review of OTB and its fundamentals).
Sell-Thru Scenarios (Working through an actual example).
Operating Statement Analysis (P&L Statement).
Profit Multipliers (How to deal with big target increases)
Balanced Scorecards and Their Implementation in Retail Management.
How to Evaluate Your Suppliers – Vendor (Supplier) Balanced Scorecards from Retailer’s Perspective.
If for some reason, you register and not able to attend, you will get the recording and /or can attend any of the future sessions.
When you register for Retail Math Online, you will receive the Retail MathYourTime Study Course at no charge ($197 Value).
Register for the Retail Math Online through the add-to-cart button below:
Wednesday, February 28, 2018
1:00 PM to 3:00 PM Eastern Standard Time (6:00 PM to 8:00 PM London, UK)
Retail Math Online Training
Individual – Only $147
Group – Only $127 (per person – Min. 3)
Facilitator – Matt Parmaks
With years of retail and related experience, Matt provides his audience with a wealth of real life examples on the ‘why’ and ‘how’ of best practices in just about every area of retail.
During his retail management career, both in sales and merchandising executive positions, Matt has generated more than $750 Million revenue and has been responsible for sales organizations as large as 1000 salespeople.
Matt has extensive knowledge about the retail industry, gained through formal education, work experience and a keen interest in business and world affairs.
He is the author of numerous books and articles in Retail Performance and Managerial Productivity. Matt received Bachelor and Master of Science degrees in Engineering from the University of Birmingham in the UK.
Retail math is considered an integral part of a good retail manager’s skill set. It can be found on some companies’ pre-employment screening tests.
For more information or talk to someone about Retail Math Online Training, please call +1 (312) 239-0919 or send an email to [email protected]
You might also be interested in The Advanced Retail Math & Analytics Workshop