Sales Retail
Sales Retail
Sales Retail
A retail business consists of bringing the customers into the retail business and obtaining things that they want. This is also known as retail management. The most important aspects of retail management include Customer relationship management, brand management, and sales management. It is essential to ensure a pleasurable customer experience and these professionals work towards customer satisfaction.
Table of Content
The Sales Retail exam covers the following topics -
• Defining the retail supply chain
• A changing world: moving toward comparative advantages
• Drivers of retail supply chain change
• Paths to the customer
• Product types – value to the customer
• Retail supply chain management – skills required
• The demand-driven supply chain
• Product tracking along retail supply chains
• Understanding supply chain costs
• Retail return
Sales Retail FAQs
What are the career prospects after completing the exam successfully?
• Retail manager
• Store manager
• Merchandiser
• Retail buyer
• Supply chain manager
What are the exam objectives?
• Defining the retail supply chain
• A changing world: moving toward comparative advantages
• Drivers of retail supply chain change
• Paths to the customer
• Product types – value to the customer
• Retail supply chain management – skills required
• The demand-driven supply chain
• Product tracking along retail supply chains
• Understanding supply chain costs
• Retail return
What skills are required for this exam?
• Management skills
• Communication skills
• Retail management
• Analytical skills
• Interpersonal skills
Who is the target audience for this exam?
Anyone with a bachelor’s degree in retail management with a master’s and doctorate degree in a reputed university can take this exam.
What is sales retail?
A retail business consists of bringing the customers into the retail business and obtaining things that they want. This is also known as retail management. The most important aspects of retail management include Customer relationship management, brand management, and sales management. It is essential to ensure a pleasurable customer experience and these professionals work towards customer satisfaction.
What are the roles and responsibilities of these professionals?
Some of the major roles and responsibilities of these professionals include the following:
• To close and open the store.
• They hire employees, manage, train, and motivate.
• Manage the work schedules of the employees.
• Develop short and long-term business plans and strategies.
• Set store sales targets, anticipate future sales volumes, and stick to sales quotas.
• Create and carry out promotions.
• Establishing and monitoring store budgets.
• Purchase things from merchants and providers, and work out terms with them.
• Analyse and organize your inventory.
• Make and keep attractive and accurate store displays.
• Organize and supervise product line evaluations.