Best Practice Events & Live Case Studies

We facilitate Live Case Studies and best practice days, to share learning from our Award winners and finalists over the summer months, especially from the Transformation & Innovation Awards. This is another great opportunity to learn about the fantastic things that these organisations have achieved. These are interactive events to allow plenty of time for questions with key stakeholders in the transformation and networking with other delegates focussed on the same challenges. 

As a member, you are not on your own but part of a community with others facing many similar challenges. We are here to help you to make a tangible impact in your organisation and show how developing the capability of each specialist professional function is fundamental to your business.

All Live Case Studies Videos are available to all Forum Members. You will need login to gain access or register if you don't have a login.

 Once logged in they will appear on this page. Click on Read More to view the video.

Box Set: Shrinkage

Published on 20 December 2022

Box Set: Shrinkage

Watch at your own pace

The Modules

Introduction to Shrinkage
Discover what shrinkage is and the correct way to calculate basic shrinkage and tiered (or primary and secondary shrinkage). In this module, you will;

  • Understand the problems caused by incorrectly calculating shrinkage
  • Learn about when it is best to use budget shrinkage targets and when using recent historical data will be to your advantage.
  • See the value of managing shrinkage and the return on investment that it can bring to your business.

The Planning Wheel (plus exercise)
In this module, you will be introduced to our Planning Wheel, a device for illustrating how 100% of the time spent in your centre is being used.

  • Learn the critical factors of shrinkage management and the pitfalls to avoid
  • Discover the importance of forecasting human behaviour and shrinkage and how you can influence shrinkage through your work
  • Complete an exercise based on your own business to help you to understand the Planning Wheel

Planning & Tracking Shrinkage
Deeper dive into shrinkage, historical tracking, forecasting and incorporating in long and short term planning. Understand the importance of tracking and managing your shrinkages so they are optimised for your staff. Learning outcomes include:

  • How to ensure that you are able to track your shrinkage data across all time horizons: annual, Monthly, Weekly, Daily
  • The benefits of shrinkage categorisation when it comes to successful tracking
  • How the inter-connectedness of Shrinkage categories makes effectively managing shrinkage challenging

Tiered Shrinkage
Introduction into shrinkage calculations, tiered shrinkage, historical tracking.  Understand the importance of calculating shrinkages so they are optimised for your operation the key differences and impact on your resource requirements

  • What is included in shrinkage?
  • The importance of calculating shrinkage correctly.
  • Which method should you use for planning, budgeting.

Benchmarking Shrinkage
Benchmarking is important in understanding best practice, comparing ourselves with our competitors and becoming the best, but there are many pitfalls to avoid. In this module;

  • Learn different research and benchmarking methods that are available for you to use
  • Find out about the best types of questions that you can ask to assist your benchmarking
  • Get a plan for external benchmarking amongst your peers

The cost of this mini series is great value at £325 + VAT  and free for students on our assisted learning pathway.

Complete the form below and we will be in touch to arrange payment if necessary. 

Comments (0)Number of views (7281)

Author:

Categories: Box Sets

Tags:

Print

As a member, you are not on your own but part of a community with others facing many similar challenges. We are here to help you to make a tangible impact in your organisation and show how developing the capability of each specialist professional function is fundamental to your business.

Book for one of our events to experience our exceptional community or get in touch to talk about how we can help you and your teams to be fully effective in adding value to your business. Email advice@theforum.social, call 0333 123 5960 or contact any of The Forum team.