• Anytime
    Application Deadline
  • 28 days
    Duration
EdX is an online learning platform trusted by over 12 million users offering the Retail Fundamentals Program in collaboration with  Dartmouth College - DartmouthX. Learn key components of the retail business, including forecasting, inventory management, product assortment planning and pricing from TuckX and the Tuck School of Business at Dartmouth.

Overview

In this course, part of the Retail Management Professional Certificate program, you will learn the four key components of the retail business:

  • Demand forecasting,
  • Inventory management
  • Assortment planning
  • Pricing decisions

You will learn about the different challenges that retailers face and have the opportunity to explore methods and techniques available to address these challenges. You will also have access to simulation tools to better internalize the concepts.

What you'll learn:

  • How to generate and evaluate Sales Forecasts
  • How to plan and optimize your Inventory Management
  • How to think and decide on Product Assortment
  • How to find the best prices for your products

The course will take a hands-on, problem driven approach that will help you understand and put into practice the concepts you learn. At the end of the course you, will be able to make better decisions at every step of the retail process.

We have designed this course to suit a wide variety of participants, from retail owners and store managers, to undergrad business majors or specialists in retail. 

The Retail Fundamentals course is part of the Retail and Omnichannel Management Professional Certificate offered at Dartmouth College - DartmouthX.

Detailed Programme Facts

  • Programme intensity Part-time
    • Average part-time duration 28 days
    • Part-time variant
      Flexible
    • Duration description

      Length: 4 weeks; 

      Effort: 3 to 5 hours per week

  • Languages
    • English
  • Delivery mode
    Online
    • Time flexibility
      Self-paced
  • More information Go to the programme website

Programme Structure

Courses include:

Week 1: Demand Forecasting

  • Introduction to Forecasting
  • Forecasting With History
  • Forecasting Without History
  • Measuring Uncertainty
  • Forecasting Aggregation and Lead Time
  • Common Pitfalls in Forecasting

Week 2: Inventory Management

  • Retailers as Inventory Managers
  • Drivers and Cost of Inventory
  • Balancing Ordering and Holding Costs
  • Selling Under Uncertainty: The Newsvendor Model
  • Safety Inventories

Week 3: Assortment Planning

  • Introduction to Assortment Planning
  • Breath and Basket Effect
  • Depth and Category Management
  • Variety Trade Offs
  • Customer's Assortment Perception

Week 4: Pricing Decisions

  • Introduction to Pricing Decisions
  • Setting Retail Prices
  • The Right Price
  • Promotions and Discounts
  • Price Perception

English Language Requirements

This programme may require students to demonstrate proficiency in English.

General Requirements

Prerequisites

  • Basic undergraduate mathematics

Tuition Fee

  • International

    99 USD/full
    Tuition Fee
    Based on the original amount of 99 USD for the full programme and a duration of 28 days.
  • National

    99 USD/full
    Tuition Fee
    Based on the original amount of 99 USD for the full programme and a duration of 28 days.
We've labeled the tuition fee that applies to you because we think you are from and prefer over other currencies.

5% discount coupon: Z7LZNQ4TN3B2JTWU valid for any free course + certificate upgrade

Funding

Check the programme website for information about funding options.

Studyportals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

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