This workshop will focus on effective merchandise management practices in the book business. Participants will learn how well and how fast they can turn merchandise into profit. They will be taught to acquire an assortment of merchandise that achieves customer’s demand, and at same time takes into consideration sales volume, costs and expenses in order to promote growth and profit.
Lesson 1 – Effective Merchandise Management to achieve profitable stock turn
a) What is Stock Turn?
b) Benefits of Optimum Stock Turn
Lesson 2 - How to Achieve a Higher Stock Turn
a) Stock the Right Merchandise - Fast Sellers - Basic Demand Lines - Slow Sellers
b) Improve the Rate of Stock Turn
Lesson 3 – How to Manage Stocks Well?
a) Effective Stock Management
b) Checklist for New Lines/Buying
Lesson 4 – Keeping Stocks at an Optimum Level
a) Create a Buying Plan
b) Set Stocks at Optimum Level
c) Watch Delivery Dates
Lesson 5 – Buy Right, Promote Right
a) Evaluate Suppliers
b) Be the Valued Customer
About the trainer:
Registration is on a first-come-first-served basis and workshop fees must be paid before the workshop. If the minimum number of participants is not met for the class, the organisers will inform all participants about possible postponement and cancellation, two weeks before the workshop date.
Cancellation & Substitution
The workshop can be cancelled or postponed two weeks before the workshop date if the minimum number of participants is not met. Participants will be fully refunded for workshops cancelled by us.
Participants who are unable to attend a workshop they have registered for are to inform us of the reason two weeks before the workshop date. They will be fully refunded in the event of extenuating and mitigating circumstances (E.g. illness, bereavement, accidents) . Those who inform us up to five (5) working days before the workshop date will receive a 50% refund. Participants can also attend another course at the same value within the same year.
Upon registration, you are deemed to have read and understood the cancellation, withdrawal and substitution policy and accept the terms contained therein.