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Module 1: Getting Started with Revenue Management (RM)
Module 2: Single-Resource and Network Capacity Control
Module 3: Overbooking
Module 4: Dynamic Pricing and Auctions
Module 5: Customer-Behaviour and Market-Response Models
Module 6: Economies of Revenue Management
Module 7: Estimation and Forecasting
Module 8: Implementation of Revenue Management
The Revenue Management Training Course is tailored for professionals seeking to enhance their expertise in revenue optimisation and strategic pricing strategies. It's suitable for a diverse range of professionals, including:
There are no formal prerequisites for the Revenue Management Training Course. However, a basic understanding of business concepts and the industry in which participants operate can be beneficial.
Revenue Management uses analytics to forecast customers' behaviour to optimise products' or services' availability and prices to get maximum potential revenue/profits. Revenue Management practices enable businesses to build a competitive pricing policy to attract customers and gain an advantage over their competitors. It helps professionals use a data-driven approach to support profit growth by selling the same number of products/services as before. Organisations adopt Revenue Management practices to handle their customer demand with their limited resources to improve profitability. Individuals with the required skills of using analytical approaches to predict customer behaviour to manage and maximise their organisation's profits will get plenty of career advancement opportunities with senior job roles.
This 1-day Revenue Management Training course provides delegates with the opportunity to increase their perfection in optimising cost and availability to increase profits. This course will help the delegates to understand the Revenue Management (RM) system and its economics. They will learn about the conceptual framework of Revenue Management, optimal network control, multisource pricing, overbooking models, and more topics in detail. Delegates will also learn concepts like estimation models, forecasting methods, revenue-opportunity assessment, etc. Our experienced trainers will teach this course who will help delegates understand Revenue Management practices for gaining profits.
Other than the above concepts, delegates will also learn the following:
After attending this course, delegates will gain the competence to take sales decisions to improve profits/revenue. They will become adapted to using different resource models for optimum network control. Delegates will be able to use various dynamic pricing and auction practices to maximise Return On Investment (ROI).
Delegates who want to gain the skills for managing various aspects of business in an organisation or want to have a steady career, can choose our specially designed courses.
Why choose us
Our easy to use Virtual platform allows you to sit the course from home with a live instructor. You will follow the same schedule as the classroom course, and will be able to interact with the trainer and other delegates.
Our fully interactive online training platform is compatible across all devices and can be accessed from anywhere, at any time. All our online courses come with a standard 90 days access that can be extended upon request. Our expert trainers are constantly on hand to help you with any questions which may arise.
This is our most popular style of learning. We run courses in 1200 locations, across 200 countries in one of our hand-picked training venues, providing the all important ‘human touch’ which may be missed in other learning styles.
All our trainers are highly qualified, have 10+ years of real-world experience and will provide you with an engaging learning experience.
We only use the highest standard of learning facilities to make sure your experience is as comfortable and distraction-free as possible
We limit our class sizes to promote better discussion and ensuring everyone has a personalized experience
Get more bang for your buck! If you find your chosen course cheaper elsewhere, we’ll match it!
This is the same great training as our classroom learning but carried out at your own business premises. This is the perfect option for larger scale training requirements and means less time away from the office.
Our courses can be adapted to meet your individual project or business requirements regardless of scope.
Cut unnecessary costs and focus your entire budget on what really matters, the training.
This gives your team a great opportunity to come together, bond, and discuss, which you may not get in a standard classroom setting.
Keep track of your employees’ progression and performance in your own workspace.
You won't find better value in the marketplace. If you do find a lower price, we will beat it.
Flexible delivery methods are available depending on your learning style.
Resources are included for a comprehensive learning experience.
"Really good course and well organised. Trainer was great with a sense of humour - his experience allowed a free flowing course, structured to help you gain as much information & relevant experience whilst helping prepare you for the exam"
Joshua Davies, Thames Water