Store Operations and Inventory Management
The Retail Management course provides a comprehensive introduction to the retail industry, focusing on key aspects such as retail concepts, inventory management, and store operations.
It begins with an Introduction to Retail, where students learn what retail is, its concept, and its impact on the economy, particularly in India. The course explores the different divisions of the Indian retail industry, various Retail Formats, and the essential Functions of a Retailer.
In the Inventory Management section, students gain an understanding of what inventory is, the functions involved in its management, and important terminologies. The course covers the basics of merchandising and differentiates between inventory and stock. The Black Shoe Case Study provides practical insights into inventory management.
The Store Operations module introduces students to Store Layout, the operations involved in running a retail store, and the responsibilities related to store design. Additionally, the course covers Store Layout Strategies to optimize retail space and improve customer experience.
This course equips students with the foundational knowledge and practical skills needed for a successful career in retail management.
1. Introduction to Retail
1.1 What is retail?
1.2 Concept and Definition of Retail
1.3 Impact of Retail
1.4 Retail and our Economy
1.5 Division of Retail Industry in India
1.6 Retail Formats
1.7 Functions of a Retailer
2. Inventory Management
2.1 What is Inventory
2.2 Functions under Inventory Management
2.3 Important Terminologies used in Inventory Management
2.4 Basics of Merchandising
2.5 Inventory vs Stock
2.6 Black Shoe Case Study
3. Store Operation
3.1 What is Store Layout?
3.2 Retail store operations
3.3 Store design responsibilities
3.4 Store Layout strategies