Retail Math & Analytics Workshop Online

Introducing Retail Math & Analytics: Empowering Your Business with Data-Driven Success

In today’s fast-paced retail landscape, data and metrics are the keys to staying ahead of the game.

To thrive in this competitive environment, businesses must harness the power of retail math and analytics.

Welcome to the Retail Math & Analytics workshop, your gateway to unlocking the potential of metrics-driven decision-making.

Online Workshop

What Every Retail Manager Should Know About Retail Math & Analytics 

Retail Math & Analytics Workshop Online

Tuesday – February 27, 2024

Thursday – February 29, 2024

(3 Hours Each Day, Total 6 Hours)

Morning Session: 11:00am – 2:00pm EST (New York)

(4:00PM – 7:00PM London, UK, 8:00PM – 11:00PM Dubai) Each Day

Evening Session: 6:00 pm – 9:00pm EST (New York)

(7:00am – 10:00am Next Day Singapore, 10:00am – 1:00pm Sydney)

LIVE Sessions

Here’s What Previous Participants Said

“Very interesting workshop applied to real life scenarios.”

“Great new ideas to implement.”

“Interesting, refreshing and holistic.”

“After having studied a year of Retail Management at Masters level the workshop was a fantastic recap of everything in two days.”

“A good amount of operational notes and ideas to drive business.”

“Thank you for the very informative workshop that was held at the Sheraton in NJ this week! The information will be very useful in our company and we plan to share that info with our sales teams as well. The instructor definitely knew the material well, shared his best practices and provided a great deal of insight on “retail math”—exactly what we were looking for.”

 

Your Business Compass for Success!

“After having studied a year of Retail Management at Masters level the workshop was a fantastic recap of everything in a few hours.” –Jonathan L. Director of Operations

The Retail Math & Analytics Workshop Online is a 6 Hour divided into 2 sessions (2×3 Hours) intensive program designed to inform retail professionals and suppliers to retail industry about Key Retail Metrics, Analytics their calculations and their importance in daily retail operations.

Key Performance Indicators that are essential for measurement of retail operational and merchandising success are covered in detail.

In addition, this program contains a section on the very important management tool – Balanced Score Cards as they apply to Retail Management.

Profit Multipliers, Retail Analytics (Big Data) as well as use of  Artificial Intelligence in Retail are also discussed.

 

Agenda:

Checkmark Key retail metrics. (Sales, Operations & Inventory Productivity Measures)

Checkmark 6 Pillars of Retail and how to optimize them for maximum sales and profitability.

Checkmark eCommerce and Online Retail Metrics & KPI’s

Checkmark Definition and explanation of terminology used in Retail Math.

Checkmark Key Performance Indicators for Retail Sales, Operations & Merchandising.

Checkmark What to measure, how to measure and how to interpret the results

Checkmark Commonly Used Formulas.

Checkmark Operating Statement (P&L Statement) – Everything comes together here to give you the full story.

Checkmark Balanced Scorecards and Their Implementation in Retail Management – How can you monitor and control your business through just one number. (Includes the Development of sample Balanced Score Cards for Director of Sales, District Manager and Category Manager/Buyer)

Checkmark Profit Multipliers – A technique to be used when facing huge performance increase demands.

Checkmark Conversion Analytics – There is a lot more behind the scenes of this KPI. We’ll open your eyes to hidden potential of your store(s).

Checkmark Open-to-Buy – Arguably the best tool for inventory planning and control. We’ll take the mystery out of solid OTB planning for you.

Checkmark Sell-Thru Scenarios – This is where  the skill level of a buyer/category manager really shows.

Checkmark Retail Analytics and Artificial Intelligence Applications in Retail  – Customer Profiles, Targeting, Forecasting, Customer Loyalty and more…

Checkmark Q&A

What You’ll Learn:

Red Arrow Right Why the success of your retail operation depends on your ability to determine, and accurately measure, your Key Performance Indicators. Measurement of important metrics and determining the key performance indicators is one of the most important activities for a retail manager at store/district/region/company level. Failure to identify your most important metrics and KPI’s can be fatal to your business.

Red Arrow Right Retail Math, Metrics and KPI terminology and definitions.

Red Arrow Right Commonly used formulas.

Red Arrow Right What to measure, how to measure and how to interpret the results.

Red Arrow Right What action to take based on the results.

Red Arrow Right Overview and examples of Open to Buy, Sell-thru and Operating Statements.

Red Arrow Right How to create and implement Balanced Score Cards at any level in your retail operation as well as your suppliers. Balanced Score Cards are used to summarize your most important KPI’s on one page – right at your fingertips – while considering all angles of your retail operation: Financial, Customer, Processes and Growth & Development.

Red Arrow Right Understanding the mechanics of target setting, utilizing the Profit Multipliers.

Red Arrow Right Full comprehension of Retail Analytics & Artificial Intelligence and their use in retail business intelligence as management decision support.

Red Arrow Right Harness the Power of Data: In this workshop, we demystify the world of retail math and analytics, making it accessible to all. You will learn how to leverage data to gain actionable insights, make informed decisions, and drive your business’s success. By understanding the numbers behind your operations, you’ll be equipped to optimize inventory, pricing, promotions, and much more.

Red Arrow Right Expert Guidance: Our team of seasoned retail experts will guide you through the intricacies of retail math and analytics. With their wealth of experience and practical knowledge, they will break down complex concepts into easily understandable modules, ensuring you gain the skills and confidence needed to navigate the data-driven landscape.

Red Arrow Right Real-World Applications: We believe in learning by doing. That’s why our workshop is designed to provide hands-on experience in applying retail math and analytics to real-world scenarios. Through interactive exercises, case studies, and simulations, you’ll develop the ability to translate data into actionable strategies that can revolutionize your business.

Red Arrow Right Cutting-Edge Tools and Techniques: Stay at the forefront of retail analytics with the latest tools and techniques. We’ll introduce you to innovative software and technologies that can help you analyze data more efficiently, visualize trends, and uncover hidden opportunities. You’ll gain the skills to extract valuable insights from complex datasets, enabling you to make data-driven decisions with confidence.

Why You Should Attend:

Number one Practical, applicable and actionable content delivered by top experts to drive your sales, productivity and profitability. Proven to increase those metrics by double digits. Check out the testimonials.

Number two Value: Apart from acquiring complete understanding, participants will enjoy a 30-Day unlimited Q&A through email after the workshop (A $1,000 value by itself)

Number three ROI: Return on investment can be as high as 1,000 times the registration fee based on your company revenues and how many techniques, ideas and methods from the workshop you implemented.

Number four Positions you as an expert .

Number five Creates a “larger picture” mentality.

Number 6 Improves your standing as a Retail Management Leader

Number 7 Six hours that will produce a lifetime of results.

Who Should Attend?

  • Retail managers and executives seeking to enhance their data-driven decision-making skills.
  • Merchandisers and category managers aiming to optimize inventory and pricing strategies.
  • Marketing professionals looking to leverage data for targeted campaigns.
  • Business owners and entrepreneurs seeking to gain a competitive edge in the retail market.
  • Analysts and data enthusiasts interested in specializing in the retail industry.
  • Anyone who has a responsibility to drive sales and profits, including VP Sales, VP Merchandising, District and Regional Managers as well as Buyers, Category Managers and other appropriate Head Office Staff. Supplier/Vendor staff who deal directly with retailers will benefit greatly from this workshop as well.

Unlock the Power of Data-Driven Success Today!

Don’t let your business fall behind in the era of data-driven retail.

Enroll in the Retail Math & Analytics workshop and gain the skills to transform your decision-making process.

Harness the power of data to optimize inventory, boost sales, and drive sustainable growth.

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.

What is Included:

Checkmark Presentations, benchmarks and practical exercises

Checkmark All workshop materials including session recordings and slides

Duration: 2 Days, 3 Hours Each Day (9am-12pm)

Registration Fee: $295 

Invest in your business’s future now and unlock the competitive advantage of retail math and analytics.
Enroll today and pave the way to a more profitable and successful retail business.

Your Order is Secure

To register, please use the chosen time slot buttons below the banner:

The Retail Math & Analytics Workshop

Online Workshop

Tuesday – February 27, 2024

Thursday – February 29, 2024

(3 Hours Each Day, Total 6 Hours)

Morning Session: 11:00am – 2:00pm EST (New York)

(4:00PM – 7:00PM London, UK, 8:00PM – 11:00PM Dubai) Each Day

Evening Session: 6:00 pm – 9:00pm EST (New York)

(7:00am – 10:00am Next Day Singapore, 10:00am – 1:00pm Sydney)

LIVE Sessions

Slide deck and the Recording of the Sessions will be sent to All Registrants

Only $295/person

 

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Contact: Josephine Hill
email: JHill@retailmanagementworkshop.com
Phone: +1 (813) 556-6437 or +1 (800) 953-4501


Any fool can know. The point is to Understand!Einstein
 

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DMSRetail reserves the right to change dates and/or locations, and to cancel any workshop at any time. If a registered and paid participant cannot attend a workshop they may send a substitute or they may attend a future workshop in the location they choose. The credit does not expire. If DMSRetail cancels a workshop, registered paid participants are entitled to a refund of their workshop fee paid. DMSRetail is not responsible for any other costs.