Program Overview
This program equips retail professionals with the knowledge and tools to enhance operational efficiency and effectively manage SKUs. Participants will gain insights into key concepts like SKU rationalization, demand forecasting, and inventory optimization while exploring real-world challenges and best practices. Through interactive exercises and expert-led discussions, the program empowers participants to resolve practical issues and implement efficient retail strategies, resulting in improved customer satisfaction and profitability.
Features
- Understand and apply key concepts of operational efficiency and SKU management.
- Identify and address inefficiencies in inventory and SKU processes.
- Leverage tools and techniques for demand forecasting and inventory optimization.
- Develop actionable solutions to real-world retail operational challenges.
Target audiences
- Professionals in retail operations, inventory management, and supply chain roles.
Curriculum
- 4 Sections
- 16 Lessons
- 1 Day
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- Best Practices and Interactive Problem Solving4
- 1.1Best practices in inventory planning and SKU analysis.
- 1.2Teams are presented with a realistic retail scenario involving operational bottlenecks and SKU challenges.
- 1.3Tools and technologies like RFID, WMS (Warehouse Management Systems), and predictive analytics.
- 1.4Real-world examples of efficient retail operations from leading companies.
- Introduction to Operational Efficiency in Retail Operations4
- 2.0Definition and importance of operational efficiency in retail.
- 2.1Metrics like throughput, inventory turnover, order fill rates, and customer satisfaction.
- 2.2Last-mile optimization, Stockout costs and Lean retailing.
- 2.3Group brainstorming to identify common inefficiencies faced in participants’ workplaces.
- Fundamentals of SKU Management4
- Situational Challenges in SKU and Operational Management4
Instructor
