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Location Most courses are held at the University of Arkansas campus in Fayetteville, Arkansas. Please check individual course listings for more details. |
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Fees Fees vary by course. Please check individual course listings for more details. |
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Fundamentals of Assortment Planning
Course ID: PRDT102
Objectives
Teach participants the skills and knowledge needed to apply the Best Practices Efficient Assortment planning model. Participants will learn how to apply the Efficient
Assortment process to minimize consumer duplication and maximize variety in supplier decision making and retail execution.
Description
Participants learn a 6-Step process that can ensure the best possible assortment decisions based on consumer preference and financial pay out. Participants practice the Efficient Assortment process in tailored case study workshops where they learn by completing an Efficient Assortment Plan.
Key Learning
- The definition of variety, choice
- The purpose of assortment, the value of having the optimal assortment
- How to stock the optimal SKU's in any category to build consumer loyalty at the lowest cost.
- The steps of the Efficient Assortment business process.
- The information required to execute an efficient assortment process.
- The analytical procedures of efficient assortment
- Market coverage concepts
- Validating deletion and addition decisions with market data.
- Quantifying assortment decisions including costs and benefits to the retailer and the manufacturer.
- Course application to tomorrow's business
- Advanced Courses