Retail Inventory Planning

Retail Inventory Planning, available at $49.99, has an average rating of 4.45, with 35 lectures, 3 quizzes, based on 33 reviews, and has 171 subscribers.

You will learn about An overview of the product/Inventory /Merchandising cycle How to plan inventory from an Open to Buy perspective from simplistic to very Advanced Various concepts that influence Inventory planning How does the various inventory concepts relates to each other whilst planning inventory how to use a OTB, SSI, WSSI or MSSI Tool based on different scenarios This course is ideal for individuals who are This course is for dedicated inventory planners, merchandisers, financial controllers, supply chain managers, category managers and anyone that has a role in managing the inventory for a retailer or this course is also for candidates that are looking to build their careers in retail organisation to manage stock or inventory or anyone wanted to understand and learn about how inventory can be planned It is particularly useful for This course is for dedicated inventory planners, merchandisers, financial controllers, supply chain managers, category managers and anyone that has a role in managing the inventory for a retailer or this course is also for candidates that are looking to build their careers in retail organisation to manage stock or inventory or anyone wanted to understand and learn about how inventory can be planned.

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Summary

Title: Retail Inventory Planning

Price: $49.99

Average Rating: 4.45

Number of Lectures: 35

Number of Quizzes: 3

Number of Published Lectures: 35

Number of Published Quizzes: 3

Number of Curriculum Items: 38

Number of Published Curriculum Objects: 38

Original Price: $59.99

Quality Status: approved

Status: Live

What You Will Learn

An overview of the product/Inventory /Merchandising cycle
How to plan inventory from an Open to Buy perspective from simplistic to very Advanced
Various concepts that influence Inventory planning
How does the various inventory concepts relates to each other whilst planning inventory
how to use a OTB, SSI, WSSI or MSSI Tool based on different scenarios

Who Should Attend

This course is for dedicated inventory planners, merchandisers, financial controllers, supply chain managers, category managers and anyone that has a role in managing the inventory for a retailer
this course is also for candidates that are looking to build their careers in retail organisation to manage stock or inventory
anyone wanted to understand and learn about how inventory can be planned

Target Audiences

This course is for dedicated inventory planners, merchandisers, financial controllers, supply chain managers, category managers and anyone that has a role in managing the inventory for a retailer
this course is also for candidates that are looking to build their careers in retail organisation to manage stock or inventory
anyone wanted to understand and learn about how inventory can be planned

This course empowers you to plan and calculate Buying Budgets to acquire inventory that enables a retailer to have sufficient stock/inventory to achieve Sales and not overburden the cash flow at a retail organization . This is a crucial element of Inventory management and supply chain management and financial planning as well.

Question of the hour:How much inventory should a retailer buy and for when to achieve sales target without burdening the business?

We cover two methods to calculate the buying budget or OTB from very simple to advanced

Method 1:OTB Tool that can be used in its simplistic form to build a topline buying budget to achieve a certain sales plan

Method 2: SSI Tool to build advanced buying budgets that spans over a period of time rather than a point in time and factors in certain elements of inventory management that are crucial to getting a proper flow of stock.

As we approach these two methods, we introduce and explain you the various concepts of retail inventory management like merchandising, safety stock, inventory cover, markdown, terminal stock, etc. and their relationships

We will share excel templates of the OTB tool and SSI tool that you can use by yourself to calculate open to buy in your retail organization

Course Curriculum

Chapter 1: Introduction

Lecture 1: Introduction to the Course

Lecture 2: Introduction to Retail

Chapter 2: Retail Inventory Merchadising

Lecture 1: What is Merchandising

Lecture 2: Merchandising Cycle

Chapter 3: Planning

Lecture 1: Introduction to Planning

Lecture 2: Strategic Plans

Lecture 3: Financial Plans

Lecture 4: Product Plans

Chapter 4: Open to Buy

Lecture 1: What is OTB

Lecture 2: Why OTB

Lecture 3: How to Build an OTB

Chapter 5: OTB – Process

Lecture 1: OTB x Markdowns

Lecture 2: OTB x markdown – demo

Lecture 3: OTB x Opening and Closing Stock

Lecture 4: OTB x Opening and Closing Stock – demo

Lecture 5: OTB x Inventory Loss

Lecture 6: OTB x Inventory Loss – demo

Lecture 7: OTB x On Order, In Transit

Lecture 8: OTB x On Order, In Transit – demo

Lecture 9: OTB x Terminal Stock

Lecture 10: OTB x Terminal Stock – Demo

Chapter 6: Inventory Concepts

Lecture 1: Introduction to Inventory Concepts

Lecture 2: Inventory Turnover

Lecture 3: Stock Cover

Lecture 4: Safety Stock

Lecture 5: Planning Dimensions – Part 1

Lecture 6: Planning Dimensions – Part 2

Lecture 7: Planning Dimensions – Part 3

Chapter 7: SSI

Lecture 1: What is SSI

Lecture 2: Features of SSI

Lecture 3: SSI Setup

Lecture 4: SSI tool – Scenario Normal

Lecture 5: SSI tool – Scenario Overstock

Lecture 6: SSI tool – Scenario Understock

Chapter 8: Thank you

Lecture 1: Thank you

Instructors

Faissal Kalnad
Retail Educator

Rating Distribution

1 stars: 0 votes
2 stars: 1 votes
3 stars: 6 votes
4 stars: 10 votes
5 stars: 16 votes

Frequently Asked Questions

How long do I have access to the course materials?

You can view and review the lecture materials indefinitely, like an on-demand channel.

Can I take my courses with me wherever I go?

Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don’t have an internet connection, some instructors also let their students download course lectures. That’s up to the instructor though, so make sure you get on their good side!

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