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Introduction to Retail Analytics
Online Training Academy

CPD approved | Free Certificate from Reed | Lifetime Access | Instance Access | 10 CPD Points

Summary

Price
£19 inc VAT
Study method
Online, On Demand
Duration
1.7 hours · Self-paced
Qualification
No formal qualification
CPD
10 CPD hours / points
CPD What's this?
Certificates
  • Digital certificate - Free
  • Reed Courses Certificate of Completion - Free
Additional info
  • Tutor is available to students

Add to basket or enquire

Overview

In today's dynamic marketplace, understanding Retail Analytics is paramount. This course delves into the intricacies of analyzing retail data, from foundational understanding to advanced forecasting techniques. Retail Analytics plays a pivotal role in decoding consumer behavior, optimizing inventory management, and enhancing operational efficiency.

Proficiency in Retail Analytics software is emphasized throughout the curriculum, ensuring students grasp practical skills essential for modern retail environments. As businesses increasingly rely on data-driven decision-making, mastering Retail Analytics becomes indispensable for job seekers. In the UK, demand for Retail Analysts is robust, with salaries averaging around £35,000 to £45,000 per annum.

Moreover, the advantages of this course are evident in the sector's growth, with a notable increase of 20% in job opportunities projected over the next five years. Therefore, acquiring expertise in Retail Analytics not only opens doors to lucrative job prospects but also equips individuals with the tools to thrive in a competitive retail landscape.

Key Features:

  • CPD Certified Retail Analytics Course
  • Free Certificate from Reed
  • Developed by Specialist
  • Lifetime Access

Certificates

Digital certificate

Digital certificate - Included

Reed Courses Certificate of Completion

Digital certificate - Included

Will be downloadable when all lectures have been completed.

CPD

10 CPD hours / points
Accredited by CPD Quality Standards

Curriculum

1
section
6
lectures
1h 45m
total

Course media

Description

Course Curriculum

  • Module 01: Introduction to Retail Analytics
  • Module 02: Retail and Data Analytics
  • Module 03: Benefits of Retail Analytics
  • Module 04: Analytics Software
  • Module 05: Forecasting

Learning Outcomes:

  • Analyze retail data effectively for strategic decision-making in businesses.
  • Utilize analytics software proficiently to extract insights from retail data.
  • Implement forecasting techniques to predict future retail trends accurately.
  • Identify and articulate the benefits of incorporating retail analytics.
  • Understand the relationship between retail operations and data analytics.
  • Apply retail analytics principles to enhance business performance and profitability.

Who is this course for?

This Introduction to Retail Analytics course is accessible to anyone eager to learn more about this topic. Through this course, you'll gain a solid understanding of Introduction to Retail Analytics. Moreover, this course is ideal for:

  • Retail managers seeking to optimize operations with data insights.
  • Business analysts interested in specializing in retail industry analytics.
  • Marketing professionals aiming to enhance retail strategy through data analysis.
  • Students pursuing careers in retail management or data analytics.
  • Entrepreneurs looking to leverage data analytics for retail business growth.

Requirements

There are no requirements needed to enrol into this Introduction to Retail Analytics course. We welcome individuals from all backgrounds and levels of experience to enrol into this Introduction to Retail Analytics course.

Career path

After finishing this Introduction to Retail Analytics course you will have multiple job opportunities waiting for you. Some of the following Job sectors of Retail Analytics are:

  • Retail Data Analyst - £25K to £40K/year
  • Retail Operations Manager - £30K to £60K/year
  • Market Research Analyst - £25K to £45K/year
  • Inventory Planner - £22K to £35K/year
  • Business Intelligence Analyst - £30K to £50K/year

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Legal information

This course is advertised on Reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.

FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.
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