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Merchandise (Inventory Management & Strategic Pricing)

Accredited By CPD | High-quality Materials | Video Lessons | Lifetime Access | 24/7 Tutor Support


NextGen Learning

Summary

Price
£15 inc VAT
Study method
Online
Duration
4 hours · Self-paced
Access to content
Lifetime access
Qualification
No formal qualification
CPD
10 CPD hours / points
Additional info
  • Exam(s) / assessment(s) is included in price
  • Tutor is available to students

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Overview

Merchandising is a captivating journey through the intricate world of inventory management and strategic pricing. Discover the art and science behind successful retail operations as you delve into the captivating history of merchandising, from ancient marketplaces to modern-day consumer landscapes. Merchandising course opens doors to exciting opportunities in an industry where merchandising reigns supreme.

Learning Outcomes:

  • Gain a comprehensive understanding of merchandising theory and its practical applications in the retail industry.
  • Develop product management skills to curate an appealing and profitable product assortment.
  • Master merchandise management techniques to optimise inventory levels and minimise stockouts.
  • Acquire inventory management and analysis tools to make data-driven decisions and improve profitability.
  • Craft effective merchandising strategies that align with organisational goals and capture target markets.
  • Explore the art of visual merchandising and learn how to create captivating in-store experiences.

CPD

10 CPD hours / points
Accredited by CPD Quality Standards

Course media

Description

In this immersive course, you'll embark on a journey into the dynamic world of merchandising. Starting with an exploration of merchandising theory, you'll learn how to effectively manage products and merchandise, ensuring their availability and profitability. Dive deep into inventory management and analysis, uncovering the key metrics and techniques required to optimise stock levels and maximise sales.

As you progress, you'll develop a strategic understanding of merchandising, learning how to align pricing strategies with market demands and consumer behaviour. Discover the art of visual merchandising, honing your skills in creating visually appealing displays that captivate customers and drive sales. Gain insights into consumer behaviour and their rights, empowering you to build strong customer relationships through effective communication.

Certification

Upon completion of the course, learners can obtain a certificate as proof of their achievement. You can receive a £4.99 PDF Certificate sent via email, a £9.99 Printed Hardcopy Certificate for delivery in the UK, or a £19.99 Printed Hardcopy Certificate for international delivery. Each option depends on individual preferences and locations.

Who is this course for?

  • Retail professionals seeking to expand their expertise in merchandising.
  • Merchandisers aim to refine their skills and stay abreast of industry trends.
  • Inventory managers desiring to optimise stock levels and improve profitability.
  • Entrepreneurs venturing into the retail sector, requiring a comprehensive understanding of merchandising strategies.
  • Individuals aspiring to pursue a career in the dynamic and fast-paced world of retail merchandising.
  • Professionals from related fields, such as marketing or sales, interested in gaining insight into the strategic aspects of merchandising.

Career path

  • Merchandising Coordinator: £20,000 - £25,000 per year
  • Assistant Merchandiser: £25,000 - £30,000 per year
  • Merchandiser: £30,000 - £40,000 per year
  • Senior Merchandiser: £40,000 - £60,000 per year
  • Merchandising Manager: £50,000 - £80,000 per year
  • Director of Merchandising: £80,000+ per year

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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.