Retail Business Masterclass PART 2: Inventory Management; Product Sourcing & Pricing; POS

Retail Business Masterclass – Part 2: Inventory Management, Product Sourcing, Pricing & POS** Webinar Description: This 2-hour masterclass gives SMEs the operational backbone they need to run a profitable, efficient retail business. Participants learn how to control inventory, source products strategically, price for margin and competitiveness, and use modern POS systems to track performance and reduce losses. The session is practical, tactical, and designed to help small retailers make smarter decisions that reduce waste, protect cash flow, strengthen supplier relationships, and improve overall sales performance. Participants leave with clear tools, templates, and decision frameworks they can apply immediately—whether they are operating a brick-and-mortar store, an online shop, or a hybrid model. 1️⃣ Inventory Management Essentials • Understanding types of inventory • Stock tracking methods (manual vs. digital) • ABC inventory analysis • Setting reorder points and par levels • How to reduce shrinkage and avoid stock-outs • Forecasting and seasonal planning 2️⃣ Product Sourcing • Evaluating suppliers (quality, cost, reliability, lead time) • Domestic vs. international sourcing • Understanding MOQs, shipping timelines, and landed cost • Managing supplier contracts and communication • Negotiation strategies for SMEs • Building long-term supplier relationships 3️⃣ Pricing Fundamentals • Cost-Plus pricing • Value-Based pricing • Competitive pricing strategies • Psychological pricing tactics that boost conversions • Margin analysis and break-even understanding 4️⃣ POS (Point-of-Sale) Systems • What a modern POS system must include • Cloud vs. on-premise systems • Inventory + sales integration • Real-time reporting and analytics • POS tools for loyalty, CRM, and multi-channel selling • How to choose the right POS for your business model

Speaker(s): Cecelian Henderson & Carmen Morris

Co-Sponsor(s):

Fee: $ 25.00

https://www.eventbrite.com/e/retail-business-master-classpt-2-inventory-sourcingproduct-pricingpos-tickets-1974932679809?aff=oddtdtcreator