Retail Fundamentals, Certificate | Part time online | edX - online learning platform | United States
1 months
Duration
249 USD/full
249 USD/full
Unknown
Tuition fee
Anytime
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Apply date
Anytime
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Start date

About

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.

Visit the Visit programme website for more information

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.

Programme Structure

Courses include:

Week 1: Demand Forecasting

  • 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

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

Week 4: Pricing Decisions

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

Key information

Duration

  • Part-time
    • 1 months
    • 3 hrs/week

Start dates & application deadlines

You can apply for and start this programme anytime.

Language

English

Delivered

Online
  • Self-paced

Academic requirements

We are not aware of any specific GRE, GMAT or GPA grading score requirements for this programme.

English requirements

We are not aware of any English requirements for this programme.

Other requirements

General requirements

Prerequisites:

  • Basic undergraduate mathematics

Tuition Fee

To always see correct tuition fees
  • International

    249 USD/full
    Tuition Fee
    Based on the tuition of 249 USD for the full programme during 1 months.
  • National

    249 USD/full
    Tuition Fee
    Based on the tuition of 249 USD for the full programme during 1 months.
  • Limited access: Free
  • Unlimited access + Verified Certificate for $249 USD

Funding

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