Certified Retail Management Professional

The ideal way of passing any exam is gathering the right set of resources and preparing with the help of proper planning strategy. This integrated certificate course in retail management, concentrates on the Retail sector’s emerging and the most prevalent trends. The Retail world’s most crucial aspects like Category Management, Retail Buying, Store Operations, Customer Marketing and Retail Strategies have been rightly explored. This may help individuals embark on a career in one of the many roles in the Retail industry.

This certification will really give you a competitive edge over others and will define you in quite a different way! The certification will not only help you climb the corporate ladder but also will accompany your personal development in this era where survival of fittest prodigy rules. The certification can provide you with immense benefits. Let us dig deeper into the details.

Roles and Responsibilities

A person certified in this certification is responsible for various activities into the retail management sector. The Retail world’s most crucial aspects like Category Management, Retail Buying, Store Operations, Customer Marketing and Retail Strategies have been rightly explored. This may help individuals embark on a career in one of the many roles in the Retail industry.

Certify and Increase Opportunity.
Be
Govt. Certified Retail Management Professional

Why to take this certification?

This Course is intended for professionals and graduates wanting to excel in their chosen areas. It is also well suited for those who are already working and would like to take certification for further career progression.

Earning Vskills Retail Management Professional Certification can help candidate differentiate in today’s competitive job market, broaden their employment opportunities by displaying their advanced skills, and result in higher earning potential.

Intended Audience

Job seekers looking to find employment in retail departments of various companies, students generally wanting to improve their skill set and make their CV stronger and existing employees looking for a better role can prove their employers the value of their skills through this certification.

Benefits of Certification

Government certification
Certification valid for life
Lifelong E-Learning access
Free Practice Tests
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Certification Process

Select Certification & Register
Receive a.) Online e Learning Access (LMS) b.) Hard copy – study material
Take exam online anywhere, anytime
Get certified & Increase Employability

Test Details

Duration: 60 minutes
No. of questions: 50
Maximum marks: 50, Passing marks: 25 (50%).
There is NO negative marking in this module.
Online exam.

Career in Retail Management

Retail management refers to the process of assisting customers in obtaining desired products from retail stores for personal use. It entails all of the processes necessary to entice customers inside the store and meet their purchasing desires. In India, the business is growing in popularity, and it requires a large number of trained workers to handle superstores, wholesalers, cash-and-carry operations, and hypermarkets. Let us dive deeper into Career in Retail Management!

Content Outline

The exam revolves around these following objectives –

Defining The Retail Supply Chain

Introduction
More Than Stores
Defining The Terms: Supply Chain And Supply Chain Management
The Importance Of Customer Segments
Adding Value Along The Chain
Types Of Retail Supply Chain Businesses
Supply Chain Component Data

A Changing World: Moving Toward Comparative Advantages

Basics in Comparative Advantage
Concept Of Distance

Drivers Of Retail Supply Chain Change

Introduction
Drivers Are Important
Innovation Driver
Extended Product Design
Globalization
Flexibility Imperative-The Ultimate Capability

Paths To The Customer

Introduction
Meeting Market Needs – Dimensions
Procter & Gamble Case Study
Role Of Specifications
Nature Of Demand
Quality Function Deployment (QFD) Tool

Product Types – Value To The Customer

Introduction
The Product Life Cycle
Innovative And Functional Products
Market Mediation Costs
Customer Value and Product Types – Summary

Retail Supply Chain Management – Skills Required

Introduction
Five Tasks For SCM Excellence
Assessing Retail SCM Skills

The Demand-Driven Supply Chain

Vision for The Demand-Driven Supply Chain
The Path From Forecast-Driven To Demand-Driven Supply Chain
Demand-Driven Tools And Techniques
Sponsoring The Demand-Driven Supply Chain

Product Tracking Along Retail Supply Chains

Introduction
Low Tech Retailing
Beyond Basic Bar Codes
Radio Frequency Identification
Tracking In Transit
The Future Of Product Tracking

Understanding Supply Chain Costs

Introduction
Barriers To Cost Visibility
Goal: Activity-Based Costing By Product
The Starting Point (i-a)
Department Costs With Capital Recovery (ii-b)
Multicompany Process Cost (iii-c)
Activity-Based Costs By Product (iv-d)
Understanding costs—summary

Retail Return

Introduction
Genco Case Study—The Rise Of The Return Loop
Types of Returns
Opportunities In Returns

Preparatory resources for Certified Retail Management Professional

There are unlimited resources for preparation that you can use. Cracking this exam can be difficult for the first time. But with the right set of resources and hard work you can ace the exam in one go. So, you should be very careful while choosing the resources. Make sure to pick the apt resources out of the unlimited resources available, as they will determine how well will you pass the exam. Let us look at some resources that can be beneficial –

Certified Retail Management Professional study guide

Step 1 – Review the exam objectives

The first and foremost thing before you start preparing is to get well versed with the objectives of the exam. Exam objectives let you define the framework for preparation and the path that has to be followed in order to pass with flying colors. Knowing about the objectives of the exam is very important as the whole exam is going to revolve around the objectives. This exam revolves around following objectives –

Defining The Retail Supply Chain
A Changing World: Moving Toward Comparative Advantages
Drivers Of Retail Supply Chain Change
Paths To The Customer
Product Types – Value To The Customer
Retail Supply Chain Management – Skills Required
The Demand-Driven Supply Chain
Product Tracking Along Retail Supply Chains
Understanding Supply Chain Costs
Retail Return

Refer – Certified Retail Management Professional Brochure

Step 2 – Hitting the books

You can choose the books that is comfortable to your reading habits and which you understand well. Books are the best valued resources and first resource that comes to our mind when we thin of preparing for any exam. You can find multiple books online or can refer to libraries and bookstores. There are even fantastic books online that can be very useful in preparation. Some books that you can refer are–

Handbook Of Retail Management, A Paperback

A Guide to Retail Management

Step 3 – E-Learning and Study Materials

These online classes and instructor led courses are one of the most interactive ways of preparing the exam. Learning for the exam can be fun if you have right set of resources matching your way of studying. Vskills offers you its E-Learning Study Material to supplement your learning experience and exam preparation. They are prepared by the experts of the subject matter and are reliable enough. Many reliable sites provide with the very nice instructors and excellent content for the preparation. As we all are habitual of classroom teaching, these classes can serve as close substitute with an advantage of attending the class anywhere.

Refer – Certified Retail Management Professional sample chapter

Step 4 – Evaluate yourself with practice tests

Your practice is an important determiner of how well you pass the exam. Take as many practice tests and test series as you can. They will help you in determining the level of your preparation, identify your loopholes and identify the weak portions you need to work more upon. There are so many reliable educational sites that provide with amazing content and help you in achieving excellence. Try a free practice test now!

Certified Retail Management Professional free test

Job Interview Questions

If you are looking to crack your job interview in first attempt, then you must check out these interview questions. The sole purpose of these questions is to assist you in your job preparation.