Welcome to Inventory Management
This is a Fit for Business™ Category Cardio™ course
This course has been developed specifically for retailers such as:
- Store owners
- Store managers
- Regional and state managers
- Team leaders
- Retail staff wanting to understand category management
- Buyers and merchandisers
By the end of this module, you will be able to:
- Define category management as an evolving, consumer-led approach to retail product management.
- Identify associated product management systems.
- Consider the implications of category management for retail buying organisation structures and supply partners.
- Outline the limitations of category management.
- Implement a merchandise management system to improve your gross margin and cash flow.
- Analyse product categories to improve margin profitability and cash flow.
- Define inventory productivity.
- Use Gross Margin Return on Inventory (GMROI) as merchandise productivity.