- Understanding how your business and your retailers generate and report on income and profit
- Introducing the terminology and methodology of basic trade maths calculations into your everyday thinking
- Teach delegates how to do basic retail maths equations and use them to support robust commercial proposals that positively influence the P&L
- Engage with more confidence in commercial discussions with sales/key account teams
The Context
- The retail mission
Customer profitability calculation
- Profit, Margin and Mark-up
- The Impact of Price Changes
- Contribution to Margin, Margin Mix (Promotional Impact)
The Income Statement
- Understanding the P&L
- Impacting the P&L
- Key Stock Management Measures
- Promotional Effectiveness
Building Commercial Propositions
- Putting it all together
- Action planning
- Understand the commercials of customer management:
- Ability to do calculations of
- Mark-up
- Gross margin & blended margin
- Gross profit
- Cognisance of the customer’s need to generate profit, cash & volume
- Be able to read & understand income statements
- Understand the impact of price & volume changes on profit (price increases & promotions with calculations)
- Understand the difference between front & back margin
- Knowledge of and ability to calculate key trading efficiency levers to influence top & bottom line
- Get a view of the effect of stock management on profitability – with an understanding of the formulae to calculate
- Ability to build commercial propositions
- Key Account Managers
- Customer teams
- Sales teams (Divisional and Regional Managers)
- Buyers
- 1 day in workroom or online
- Trade Maths specialist facilitator
- 10 to 12 people per group
Book for your team or book for the public workshop on the 14th of August 2023.