***Retail Math Courses***

Tired of not really understanding all of the jargon used by those people who seem to know about retail math and key performance indicators and all of the calculations and interpretations?

Are you feeling like you’re missing some information that would help you make better decisions; help you manage your store and the performance of your associates better?

If you are managing a store/district or region, or even a head office function, without Retail Math & Metrics knowledge, then you are operating with one hand tied behind your back and that’s not easy.

You can get up to speed, and beyond, very quickly….

DMSRetail can help you out quickly and easily, with very little time or financial investment on your part. Everything you need is right here and you can get it in 3 convenient learning formats.

 You can buy the DMSRetail Success Guide: Retail Math - Made Simple, 2^nd Edition.

"Retail math is considered an integral part of a good retail manager's skill set. It can be found on some companies pre-employment screening tests."

For a lot of people the phrase 'retail math' conjures up horrifying memories from their school days. Even so, they realize that retail math is a very important part of operating a retail business.

In every business there is never ending number crunching going on. The analysts have to look at the numbers from every angle to ensure on-going profitability.

A retail store, or group of stores, is no different. There are many numbers that need to be analyzed regularly to help in managing the day to day business; to aid in decision making on just about everything.

Here is a summary of what you get:

Glossary and Definition of the Terms

Retail Metrics and Key Performance Indicator Formulas

Commonly Used Formulas

Open to Buy - Definition, Formulas

Sell-Thru Scenarios (Impact of price and gross margin on sales)

Balanced Score Cards for Retail Sales Operations

Typical Profit / Loss Statement (often called P/L or Operating Statement)


You don't need to be an accountant or a mathematician to make the calculations. Retail math is not difficult. All you need to know is which numbers to use and how to interpret the results. Addition, subtraction, multiplication and division are the only functions required.

Head Office personnel work with retail math regularly. Most of their decisions are based on financial considerations of one type or another.

Retail math is a major component of the background work done before most decisions involving the allocation of resources are made.

Did you ever wonder why certain items in the store are not reduced in price during a markdown? You know, the items you think won't sell even at a reduced price? You and your staff may be thinking that your Head Office buying department missed this item because they are not in the store and don't know what's going on.

Well, while that certainly could be the case, more likely it has to do with the markdown budget they are working with. Retailers know that they will be required to take markdowns. During the budgeting, or planning process they estimate how many dollars they will lose to markdowns. When it is time to do a markdown they need to make their decisions based on that estimate because, otherwise, they will lose too much during a particular time period.

And how about the flow of inventory into your store? Is it consistent or erratic? Retail math is used to determine flow of inventory. Unfortunately sometimes the numbers indicate that new merchandise cannot be sent in at a certain time. Perhaps it wasn't ordered with enough lead time to get it to your store when you think it should be there. Decisions, good or bad, are usually based on the numbers.

For a full understanding of how your retail business operates

you need retail math knowledge.

That is where DMSRetail can help you. We have developed this Retail Math eBook, a Success Guide, for retail management. This book will give you all of the information you need to start using retail math with confidence. You will understand how to make the calculations and what to do with the answers you get.

Again, here is a summary of what you get:

Glossary and Definition of the Terms

Retail Metrics and Key Performance Indicator Formulas

Commonly Used Formulas

Open to Buy - Definition, Formulas

Sell-Thru Scenarios (Impact of price and gross margin on sales)

Balanced Score Cards for Retail Sales Operations

Typical Profit / Loss Statement (often called P/L or Operating Statement)

It’s important to remember, Retail math is considered an integral part of a good retail manager's skill set.

Order your copy of "Retail Math-Made Simple" now and start talking about your store(s)' performance with knowledge, intelligence and authority.

Option 1 - Retail Math Made Simple (Electronic) Instant Download - Only $17.95

Option 2 - Retail Math Made Simple (Print) 2-3 Weeks Delivery - Only $29.95 plus $9.95 Shipping&Handling

Now, if you are the type of individual who learns better by listening and asking questions in a comfortable, non threatening environment, OR if you just can’t take the time to read books or attend off site training courses, then we suggest DMSRetail’s….

 Retail Math Made Simple – Webinar

Interactive, Live, Led by an Expert Instructor

But, first of all….

What Is A Webinar?

 "Webinar" is short for "web-based seminar", and is an online seminar that you watch on your computer from the comfort of your home or office. You dial in to a phone number or listen through your computer to hear the audio.

Agenda:

Definition and explanation of terminology used in Retail Math

Key Performance Indicators (What to measure, how to measure and how to interpret the results)

Commonly Used Formulas (Gross Margin, Markup, GMROII, Inventory T/O, etc.)

Open-to-Buy (Brief review of OTB and its fundamentals)

Sell-Thru Scenarios (Working through an actual example)

Store Operating Statement (P&L Statement)

Balanced Scorecards and Their Implementation in Retail Management

Q&A

Please Note: Instruction level of this material is intermediate to advanced. It may not be suitable for junior employees.

This Retail Math Training Course, on webinar, is packed with information on how to use Retail Math formulas to determine your Key Performance Indicators, your profitability, definition and explanation of terms and examples from actual Retail Operations to give you a full and operational understanding of Retail Math.

Individual Registration: Only $97

Team Registration: Only $197

Now, if you really want to get involved with serious hands on, active participation in a training course all about Retail Math & Metrics, then you need to check out DMSRetail’s….

 One - Day Retail Math & Metrics Training Course

Our One Day Retail Math & Metrics Training Course is designed to inform retail professionals about Retail Metrics, their calculations and their importance; their impact on daily retail operations. Key Performance Indicators that are essential in measurement of retail operational success are all covered in detail. In addition, the program contains a section where an important management measurement tool, Balanced Score Cards as they apply to Retail Management, is also discussed.

Agenda:

Introduction

6 Pillars of Retail

Definition and explanation of terminology used in Retail Math

Break

Key Performance Indicators (What to measure, how to measure and how to interpret the results)

Lunch

Commonly Used Formulas

Open-to-Buy

Sell-Thru Scenarios

Break

Store Operating Statement (P&L Statement)

Balanced Scorecards and Their Implementation in Retail Management

Q&A

What You'll Learn from the One Day Retail Math & Metrics Training Course:

Measurement of important metrics, and developing which key performance indicators you will use, can be one of the most important activities for a retail manager at store/district/region/company level. Failure to identify your most important metrics can be fatal. Balanced score cards is a technique to summarize your most important KPI's in one small space while considering all angles of your retail operation- Financial, Customer, Processes and Growth & Development.

Who Should Attend:

Anyone who has a responsibility to drive sales and profits, including store/district and region managers as well as appropriate Head Office Staff.

Duration: 1-Day (typically, 9am-5pm)

Registration Fee: $695 (Includes lunch, refreshments and all workshop materials)

For more information: http://www.dmsretail.com/retailmathworkshop.htm  

To get more information, please call +1 (312) 239-0919 or send an email to training@dmsretail.com

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