WEEK 4 | Managing Profit
May
9
to May 13

WEEK 4 | Managing Profit

P & L BASICS

Profit and loss basics

Gross margin - an overview | Gross margin and gross profit 

Operational expenses | Operational expenses and profit | Calculating gross profit

TEST YOUR SKILLS | Change in Gross Margin Rate | Gross Margin - Challenge your Understanding

 

 

IMPROVING FORECASTED PROFIT

AVAILABLE UPON COMPLETION OF WEEK 1 to 3

Merchandise plan profit formulas used

Gross margin versus gross profit

Sales affect on profit

Markdowns and profit

Shrink and profit

Operational costs and profit

Initial mark-up and profit

Overcoming a forecasted profit shortfall


EXPECTED TIME TO COMPLETE | 20 minutes

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WEEK 3 | Inventory Control
May
2
to May 13
WEEK 2 | Forecasting Markdowns
Apr
25
to May 13

WEEK 2 | Forecasting Markdowns

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FORECASTING MARKDOWNS

The case for quick, hard markdowns early

The profitability of markdowns

Markdown types

Markdowns and inventory levels 

How merchandise seasonality affects markdowns

Promotional plans and markdown strategy

Using markdowns to affect BOM

Overcoming a forecasted markdown rate which is high


EXPECTED TIME TO COMPLETE | 20 minutes

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WEEK 1 | Introduction and forecasting sales demand
Apr
19
to May 13