Logistics in Retail Management
When people go into any retail outlet there are many factors that go into their decision on whether the buy a particular item or whether they decide to go to a competitor’s mind are price, customer service, appearance of the store and how easy it is to find a particular item.
When the customer evaluates all these aspects of the store they usually relate each aspect to management, how hard the employees work, or even the skills of the employees. One thing they do not associate these characteristics with is the logistical system that is in place that allows these characteristics to be excellent or below par. It may be hard to imagine how logistics can have such a large role in these characteristics of the store, but when one thinks about it they clearly have a tremendous ole in every last one of them.
At the end of the course participants will be able to:
This program is recommended for anyone working in a supervisory or managerial position in a retail company and is seeking to analyze the company’s current operations with the aim to improve further
Retail Logistics: challenges and changes
· The logistics task
· Retail logistics and supply-chain transformation
· Supply-chain management in retail
· Buyer – seller relationships in the supply-chain
· Quick response and efficient customer response
· The Product Life Cycle (PLC) stages
· The role of Logistics Service Providers (LSPs)
Purchasing and Inventory Management
· Negotiation with suppliers
· Stock: an asset or a liability
· The merchandise sequence and control of physical stocks
· Stocks accounting
Retail Management and Accountancy
· The need for Accounting information
· Methods of recording
· Concepts of Accounting
· Specialist forms of Accounting
· Preparation of Final Accounts
Warehouse and Distribution Management
· Warehouse Functions and Procedures
· Distribution Planning Performance
· Warehouse Management Software (WMS) Systems
The Internationalization of the Retail Supply-Chain
· International sourcing
· Differences in distribution cultures across international markets
· International logistics practices
A variety of methodologies will be used during the course that includes:
This rate includes participant’s manual, Hand-Outs, buffet lunch, coffee/tea on arrival, morning & afternoon of each day.
Daily Course Timings:
08:00 - 08:20 Morning Coffee / Tea
08:20 - 10:00 First Session
10:00 - 10:20 Coffee / Tea / Snacks
10:20 - 12:20 Second Session
12:20 - 13:30 Lunch Break & Prayer Break
13:30 - 15:00 Last Session