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Inventory Management

February 29 @ 1:30 pm - 3:00 pm

Join our comprehensive training program on Retail and E-Commerce Optimization to gain valuable insights into key strategies that will enhance your business’s profitability and competitiveness. This program covers a wide range of topics crucial for success in the retail and e-commerce landscape, ensuring you have the knowledge and skills needed to thrive in a dynamic market.

This training program is designed for retail and e-commerce professionals, entrepreneurs, and anyone looking to optimize their business operations for sustained growth and success. Join us to gain the knowledge and skills needed to navigate the competitive landscape and achieve excellence in the retail and e-commerce space.

Course Outline:

  1. Mastering Margin vs. Markup:
    – Gain a comprehensive understanding of the fundamental distinction between margin and markup. Discover the advantages of utilizing margins, unlocking enhanced visibility into your financial performance.
  2. Strategic Margin Development:
    – Explore techniques for maximizing profit margins without compromising product quality.
    – Hone your expertise in fine-tuning operational costs to attain the desired profits, considering the broader landscape of your product margins.
  3. Effective Item Categorization:
    – Learn the importance of effective product categorization for inventory management and customer experience.
  4. Leveraging Contribution Margins:
    – Gain insights into contribution margins and their impact on overall profitability.
    – Explore the intricacies of developing a comprehensive strategy tailored for high-volume and high-margin items, acquiring the skills to meticulously plan, execute, and optimize an approach that maximizes both sales volume and profit margins.
  5. Competitive Intelligence:
    – Analyze competitors in the market and identify areas for differentiation.
    – Develop strategies to position your brand effectively against competitors.
  6. Crafting Competitive Product and Pricing Strategies:
    – Explore methods for offering unique value propositions.
    – Understand dynamic pricing strategies to stay competitive in the market.
  7. Decoding Pricing Psychology:
    – Gain an understanding of consumer psychology and its influence on purchasing decisions.
    – Learn how to use pricing strategies to create a perception of value.
  8. Strategic Promotional Campaigns:
    – Develop effective promotional campaigns to drive sales and customer engagement.
    – Understand the impact of promotions on overall profitability.
  9. Precision Demand Forecasting:
    – Master techniques for accurately predicting customer demand.
    – Use forecasting tools to optimize inventory levels, reduce holding costs and increase cash flow.
  10. Optimized Inventory Management:
    – Learn best practices for inventory control and order fulfillment.
    – Implement efficient inventory turnover strategies to minimize stockouts and overstock situations.
  11. Selecting 3PL and Fulfillment Centers:
    – Evaluate the criteria for selecting third-party logistics providers (3PL) and fulfillment centers.
    – Understand the role of fulfillment centers in enhancing order fulfillment and customer satisfaction.

Details

Date:
February 29
Time:
1:30 pm - 3:00 pm
Website:
https://mtsbdc.ecenterdirect.com/events/5775

Venue

Zoot Training and Event Space
201 N Broadway
Billings, Montana 59101
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