This series of three online modules provide an in-depth understanding of what’s involved in managing product costs to influence profitability through commercial costing and sourcing decisions. With an understanding of cost components, different costing types and how margin is comprised you are equipped to maximise profit, by making cost considered decisions and taking cost driven actions.

  • £175 plus VAT
  • 5% discount if you buy 3+ courses
  • 10% discount if you buy 5+ courses
  • Contact us for large group quotes
£ 175.00 £ 87.50 plus VAT

What you will learn

What you will learn

  • How to break down cost components from a final cost price
  • How and when to apply cost components
  • How to make open and cross costings and the benefits of each
  • How to calculate intake and final margin
  • How your sourcing decisions can impact margin and profit
What the course covers

Modules in more detail

  1. Cost components – how costs are broken down and how this insight can improve profitability
  2. Commercial costing decisions – how to make costing decisions to improve intake margin
  3. Costings and final margin – understand your role in cost decision-making and how this impacts final margin and departmental profitability
Who it is suitable for

Who it is suitable for

  • Entry level and intermediate buying roles involved in sourcing products and supplier negotiations
  • Entry level and intermediate merchandising and planning roles with responsibility for managing cost and margin parameters
Price

Price

  • £175 plus VAT
  • 5% discount if you buy 3+ courses
  • 10% discount if you buy 5+ courses
  • Contact us for large group quotes

At a glance...

At a glance
  • Three online modules
  • Total learning time = 1 hour 15 minutes
  • Gamified self-led learning
  • Works across PC, tablet and phone
  • Currency choice: sterling, euros, dollars or rands
  • Full audio voiceover
  • Video and eLearning format
  • Digital activities, quizzes and action plans
  • Practical application of best practice
  • Full access for 6 months
  • Developed by retail B&M professionals
  • Aligns to current apprenticeship standards
  • Digital certificate on completion