Retail Analytics Professionals are responsible for developing strategies for maximizing retail sales and design. They have the skills and abilities to analyze multiple projects and prepare all replenishment products. They coordinate with store managers for analyzing all labor requirements and then scheduling all budgets within the required timeframe. Retail Analytics Professionals also monitor all labour hours and ensure optimization of all services.
Further, in their task, they also provide an interface with all clients and ensure the resolution of queries. And, participate in all client meetings for maintaining knowledge of all business objectives. Next, they analyze all client requirements and provide the optimal level of customer services including monitoring the effectiveness of all programs.
So, let’s get started with the in-depth details and resources to become a Certified Retail Analytics Professional
Vskills Certified Retail Analytics Professional
Due to increased competition, there has been more focus on optimizing business processes and making informed business decisions. For this, analytics provide informed insights for effective decision making by data collation processing and analysis. However, Retail analytics is the upcoming technology that helps in increased retail sales and for providing better inventory management. Talking about the course, Vskills Retail Analytics Professional is for retail professionals, managers, consultants as well as the graduates who want to excel in retail analytics.
Certification Benefits
Vskills Retail Analytics Professional Certification will help candidates to not only enhance their skills but also to differentiate in today’s competitive job market. This will help them to explore more employment opportunities as well as will benefit the Job seekers looking to find employment in retail, stores, inventory, retail management departments of various retail companies.
Vskills certification providers give candidates access to top exams as well as provides exam benefits. This includes:
- The certifications will have a Government verification tag.
- The Certification is valid for life.
- Candidates will get lifelong e-learning access.
- Access to free Practice Tests.
- Candidates will get tagged as ‘Vskills Certified’ On Monsterindia.com and ‘Vskills Certified’ On Shine Shine.com.
Course Outline
Certified Retail Analytics Professional covers the following topics –
Analytics Introduction
Using Spreadsheets for Analytics
Visualizing Data in Spreadsheets
- Excel Data Visualization Tools
- Data Queries in Excel
- Data Summarization in Excel
- PivotTables and Pivot Charts
Descriptive Statistical Measures
- Statistical Notation
- Measures of Location
- Measures of Dispersion
- Measures of Shape
- Measures of Association
- Frequency Distributions
- Excel Descriptive Statistics Tool
Probability Distributions
- Probability Basics
- Discrete Probability Distributions
- Continuous Probability Distributions
- Distribution Fitting
Sampling and Hypothesis
- Statistics Basics
- Data Basics
- Measurement Systems
- Some Basic Terms
- Types of Sample Designs
- Bases of stratification
- Characteristics of a Good Sample Design
- Determining the Sample Size
Data Processing and Analysis
Retail Management
Retail Business Operations
- Store Designing
- Product Display
- Store Space Planning
- Store Floor planning
- Fixture Management
- Shelf Space Planning
- Profitability Analysis
- Productivity Analysis
Supply Chain Planning & Management
- Demand Analysis, Aggregation & Forecasting
- Placing of the Purchase Order
- Shipping & Transportation Planning
- Warehouse Management
- Distribution Planning
- Inventory Management
- Replenishment
- Supply Chain Benefits
Category Management
- Merchandise Planning
- Assortment Planning
- Assortment Control
- Promotions
- Product Introduction & Development
- Price Management
- Cost Management
Advanced Retail Analytics
- Customer Segmentation
- Conversion Modeling
- Markdown Modeling
- Price Optimization
- Promotion Optimization
- Consumers Behavior Analysis
- Market Basket Analysis
- SKU Optimization
- Consumer Decision Tree
- Demand Transference
Preparation Guide for Vskills Certified Retail Analytics Professional
A preparation guide basically refers to the essential resources and study materials required for the exam. Candidates here need to research for the best study resources in order to prepare better for the certification exam. Moreover, it will also help them to complete their syllabus quickly and with a good understanding of the concepts. And, for the Certified Retail Analytics Professional exam, below are the resources provided by Vskills that will help candidates to cover all the concepts and prepare well for the exam.
Exam Objectives
Exam objectives provide a brief about the exam topics that includes various sections and subsections. So, Candidates should get exam objectives to get a better understanding of the content and topics related to the exam. Moreover, it also provides a benefit to candidates to learn and explain things better during the preparation time. For Certified Retail Analytics Professional the topics include –
- Analytics Introduction
- Using Spreadsheets for Analytics
- Visualizing Data in Spreadsheets
- Descriptive Statistical Measures
- Probability Distributions
- Sampling and Hypothesis
- Data Processing and Analysis
- Retail Management
- Retail Business Operations
- Supply Chain Planning & Management
- Category Management
- Advanced Retail Analytics
Vskills E-Learning
Vskills E-learning for Certified Retail Analytics Professional helps candidates to get a better understanding of the content by providing them the online learning material for a lifetime. This learning material comes with hard copy material that will help them in improving skills and staying up to date with the learning curve for getting better opportunities.
Books for Reference
Those Candidates who want to get in-depth details for the topic or content can take references from the books related to the exam. That is to say, reference books can be helpful for understanding concepts and topics fastly. However, for the Certified Retail Analytics Professional exam, there are various books available which you can find online or in libraries. Some of the books are as follows:
- Retail Analytics Book by Emmett Cox
- Retail Management by Gibson
Evaluate yourself with Practice Test
Using Practice tests after completing any topic can be beneficial for candidates to understand the weak areas as well as for taking assessments to test their skills. This also helps in improving answering skills so that they can much of their time during the exam. Moreover, by assessing themselves candidates will get a clear view of their preparation and then start working on it accordingly. So, start practicing for the exam and get certified.
