½ Day Webinar - Financial Principles of Merchanting
This course looks at the key financial elements and processes that are integral to the way builders’ merchants do business and the key financial concepts that underpin them.
Course type
National, regional or in-company.
Learning format
Online event (via Zoom).
Programme duration
½ day.
Course overview
This course looks at the key financial elements and processes that are integral to the way builders’ merchants do business and the key financial concepts that underpin them.
Who would benefit?
Branch managers and assistant branch managers, stock managers, and sales and trade counter staff who wish to understand the financial principles that underpin their day-to-day activities.
Objectives
By the end of the training, you will be able to…
- Understand the merchanting process in financial terms.
- Recognise the key factors that impact profitability.
- Create a realistic budget that aims for long-term prosperity.
Course content
- Setting Margins (and how this differs from Mark-Up).
- Calculating Gross and Net Profit.
- Types of cost.
- Setting Prices based on the concept of ‘added value’.
- The effects of discounting.
- The effect of Stockturn on profitability.
- Setting a budget that supports business objectives.
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The price of this course is £175.00 + VAT, the price below is inclusive of VAT.