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Merchandising: Theory, Pricing, Strategy and Inventory Management

CPD Accredited ! Free Certification | FREE Retake Exam | Lifetime Access | No Hidden Fees

Online Training Academy

Summary

Price
£12 inc VAT
Study method
Online, On Demand What's this?
Duration
2.1 hours · Self-paced
Qualification
No formal qualification
CPD
10 CPD hours / points
CPD What's this?
Certificates
  • Digital certificate - Free
  • Reed Courses Certificate of Completion - Free
Additional info
  • Tutor is available to students
1 student purchased this course

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Overview

Unlock the secrets to successful merchandising with our comprehensive course, "Merchandising: Theory, Pricing, Strategy and Inventory Management." This course is designed to equip you with the essential skills and knowledge to excel in the dynamic world of merchandising. Whether you are a budding professional or an established practitioner, this course will elevate your understanding and application of merchandising principles.

Key Features:

  • CPD Certified
  • Free Certificate from Reed
  • CIQ Approved
  • Developed by Specialist
  • Lifetime Access

Certificates

Digital certificate

Digital certificate - Included

Reed Courses Certificate of Completion

Digital certificate - Included

Will be downloadable when all lectures have been completed.

CPD

10 CPD hours / points
Accredited by CPD Quality Standards

Curriculum

1
section
12
lectures
2h 8m
total

    • 1: Module 01: Merchandising Theory 11:28
    • 2: Module 02: Merchandising Strategy 14:35
    • 3: Module 03: Merchandise Management 13:50
    • 4: Module 04: Product Management 13:05
    • 5: Module 05: Inventory Management and Analysis 17:29
    • 6: Module 06: Merchandise Pricing 18:41
    • 7: Module 07: Visual Merchandising 11:37
    • 8: Module 08: Importance of Consumer Behaviour 06:00
    • 9: Module 09: The Importance of Communicating with Customers 09:37
    • 10: Module 10: Consumer Rights Act 09:33
    • 11: CPD Certificate - Free 01:00 PDF
    • 12: Leave A Review 01:00 PDF

Course media

Description

The "Merchandising: Theory, Pricing, Strategy and Inventory Management" course offers learners a comprehensive understanding of the merchandising process. Participants will explore the fundamentals of merchandising, learning how to develop effective strategies to attract customers. They will gain insights into managing merchandise and product lines efficiently. The course covers key aspects of inventory management, including techniques for analyzing and optimizing stock levels. Learners will delve into pricing strategies to ensure products are competitively priced. Visual merchandising principles will be taught to enhance store displays and boost sales.

Additionally, the course emphasizes the importance of understanding consumer behavior and effective communication with customers. Finally, learners will be informed about consumer rights to ensure ethical and legal compliance in merchandising practices. This course equips individuals with the essential skills and knowledge needed to excel in the dynamic field of merchandising.

Course Curriculum

  • Module 01: Merchandising Theory
  • Module 02: Merchandising Strategy
  • Module 03: Merchandise Management
  • Module 04: Product Management
  • Module 05: Inventory Management and Analysis
  • Module 06: Merchandise Pricing
  • Module 07: Visual Merchandising
  • Module 08: Importance of Consumer Behaviour
  • Module 09: The Importance of Communicating with Customers
  • Module 10: Consumer Rights Act

Learning Outcomes:

  • Understand the fundamentals of merchandising theory and its applications.
  • Develop effective merchandising strategies for various retail environments.
  • Manage merchandise effectively to optimise sales and inventory.
  • Apply principles of product management to enhance retail offerings.
  • Analyse inventory management techniques to maintain optimal stock levels.
  • Implement effective pricing strategies to maximise profitability.

Who is this course for?

  • Individuals interested in retail management.
  • Retail store managers seeking advanced skills.
  • Aspiring visual merchandisers.
  • Entrepreneurs in the retail sector.
  • Professionals in inventory management roles.

Career path

  • Retail Manager
  • Merchandising Manager
  • Inventory Analyst
  • Product Manager
  • Visual Merchandiser
  • Supply Chain Coordinator

Questions and answers

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Reviews

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Legal information

This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.

FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.
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