Practeam Academy

• Professional programme in Retail Management (Part Time-3 /week -6months)
• Elective Programmes ((Part Time-3 /week -2 months)

Professional programme in Retail Management

Retail Management Programme

Outline

• Using Accounting in Retail
• Project Management and Evaluation
• Supply chain management
• Communication skills
• Merchandising.

TOPICS TO BE COVERED

Principles Of Accounting

• Scope and fundamental principles of accounting, Types of accounts
• Accounting equation
• Journal, Ledger and Trial Balance

Communication skills

• Importance of effective communication
• Communication principles
• The process of preparing effective written communication
• Writing letters and memos
• Writing resumes
• Writing a project report
• Effective oral communication
• Basic presentation skills - individual and group presentations

Supply Chain Management

• The concept of Supply Chain Management (SCM)
• Customer Service goal
• Transportation strategy
• Inventory strategy and management
• Location strategy
• Organisation control
• Vendor management
• Latest trends in SCM

Project Management and Evaluation

• Basics of Project Management
• Project Evaluation: Capital budgeting & structure
• Working capital management
• Basics of Costing and relevance to Retail
• Break even Analysis for Retail store

Merchandizing & Retail

• The Retailing Marketing Mix
• Retail Classification of Stores
• Factors Affecting Merchandise - Product & Fashion Life Cycles, International Trends
• Retailing Seasons and factors affecting seasonality of merchandise
• Planning Product Ranges & Assortment
• Retail Pricing Policies
• Mark-ups & Mark-downs, Overheads, Operating Costs & Profit
• Retail Promotion

Elective Programmes

Retail Selling Programme

Supply Chain Mangement

Retail Logistics Management