For a Full Understanding of What is Going on in Your Retail Business You Need the Knowledge You’ll get from the DMSRetail Success Guide “Retail Math Made Simple”.
For a lot of people the phrase ‘retail math’ conjures up horrifying memories from their school days. Even so, they realize that retail math is a very important part of operating a retail business and being equipped with a retailer’s guide – Retail Math Made Simple – is the best way to ensure they stay on top of KPI’s and other important information. Remember, if you can’t measure, you can’t manage.
In every business there is never ending number crunching going on. The analysts have to look at the numbers from every angle to ensure on-going profitability.
A retail store, or group of stores, is no different. There are many numbers that need to be analyzed regularly to help in managing the day to day business; to aid in decision making on just about everything.
You Don’t Need to Be an Accountant or a Mathematician to Make the Calculations.
It’s not difficult. All you need to know is which numbers to use and how to interpret the results. Addition, subtraction, multiplication and division are the only functions required.
Retail math is a major component of the background work done before most decisions involving the allocation of resources are made.
For a Full Understanding of What is Going on in Your Retail Business You Need the Knowledge You’ll get from Retail Math Made Simple.
That is where DMSRetail can help you. We have developed a book for retail management. This book will give you all of the information you need to start using retail math with confidence. You will understand how to make the calculations and what to do with the answers you get.
Here is a summary of what you get:
- Glossary and Definition of the Terms
- Retail Metrics
- Key Performance Indicators
- Commonly Used Formulas
- Open to Buy – Definition, Formulas
- Sell-Thru Scenarios (Impact of price and gross margin on sales)
- Balanced Score Cards for Retail Managers
- Typical Profit / Loss Statement (often called P/L or Operating Statement)
- Retail Math Quiz
- Vendor Scorecard
- PowerPoint presentation explaining all of the above in more detail
- Website Metrics & Measurements
- Utilization of Big Data & Analytics in Retail
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.
Get your copy now so you can talk about retail performance with knowledge, intelligence and authority.
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Digital: “Retail Math Made Simple 5th Ed.” (Digital Copy – Instant Download)
ISBN # 0-9739-1411-4 – 205 pages
$27 Only $14.95
Retail Math Deluxe
Digital: “Retail Math Made Simple 5th Ed. + Retail Math Webinar Video” (Digital Copy – Instant Download)
$67 Only $59.95
We Also Have: Online Training with 2 Choices
This, instructor led (Live, Online), 2-hour online 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.
B) Retail Math Workshop Online
This, instructor led (Live, Online), 6-hour online training goes deeper into Retail Math concepts and also includes analytical coverage of application of AI in retail operations. More detailed examples and actual practice sessions are also included.
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