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Retail Analytics Certification

3 Hour CPD Accredited Online Course. Tutor Support, Exam and Certificate included


Base Learning

Summary

Price
£69 inc VAT
Or £23.00/mo. for 3 months... Read more
Study method
Online, self-paced
Duration
3 hours
Access to content
Lifetime access
Qualification
No formal qualification
CPD
3 CPD hours / points
Additional info
  • Tutor is available to students

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Overview

Retail Analytics

Every retail business aims at luring new customers, retaining them and selling more to each of them. However, retail businesses must provide customers with the products or services they want at appropriate prices to achieve this goal.

They must also ensure that customers have the right shopping experience. Data analytics comes in handy, helping retail businesses to attain their objectives. Brand power and customer feelings are major retail industry drivers, hence the essence of retail analytics.

With benefits ranging from survival in a competitive market to staying ahead of consumer trends, retail analytics is critical retail businesses. They depend on metrics and factual and up-to-date data to make important business decisions. This course covers four modules to help you understand the fundamentals of retail analytics.

CPD

3 CPD hours / points
Accredited by The CPD Certification Service

Description

What You Will Learn

  • The definition of retail analytics
  • Benefits of retail analytics
  • Commonly deployed analytics in retail
  • Analytics software
  • Retail predictive analytics
  • Types of retail data for analysis
  • How to win more customers and sales using data
  • Current retail analytics trends

Benefits of Taking the Course

    Taking the course will help you to:
  • Understand retail analytics and its role in businesses operating in the industry
  • Know the benefits of retail analytics to businesses
  • Learn how to use retail analytics to improve business performance and productivity
  • Learn how retail analytics help with predictive analytics
  • Learn how to attract more customers and increase sales using big data
  • Learn current retail analytics trends into the future

Who is this course for?

Anyone

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FAQs

What does study method mean?

Study method describes the format in which the course will be delivered. At reed.co.uk 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.

What are CPD hours/points?

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.co.uk, many of which can be completed online.

What is a ‘regulated qualification’?

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.

What is an ‘endorsed’ course?

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 ABC Awards and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.

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