Being productive in retail is all about managing and turning your stock. Being able to keep just the right amount on hand and yet avoiding a stockout is crucial if one is to maximise sales and profitability. Many retailers will manage their inventory holdings based on a predetermined optimal week’s cover of stock.
We also need to determine if all our other assets and activities are giving us the return we expect.
Learn:
•GMROI and Stock based formulas
•The importance of the Product Life cycle and the effect it has on sales
•Historical and Forward Weeks Cover
•Marketing formulas such as – ROP, GMROP and ROMI
We also need to determine if all our other assets and activities are giving us the return we expect.
Learn:
•GMROI and Stock based formulas
•The importance of the Product Life cycle and the effect it has on sales
•Historical and Forward Weeks Cover
•Marketing formulas such as – ROP, GMROP and ROMI
