Cargo Revenue Management with Optimization Simulations (Classroom, 4 days)

About

Learn the fundamental cargo revenue management procedures and optimization skills. This course provides solid basic knowledge about steering revenue and demand, while optimizing pricing and capacity in the air cargo industry. Over 4 days, lectures, exercises and optimization simulations, will help you gain a comprehensive, valuable and practical insight into revenue management procedures. These procedures have a direct impact on your company´s performance, and with this additional knowledge you will have the possibility of increasing your contribution to your company.

This course is available at IATA Training Centers and Regional Training Partner locations, and on-demand as in-house training.

Course code: TCGP-47

Course format

• This classroom course provides 4 days (32 hours) of instruction delivered by an official IATA Instructor
• Student performance will be based on an assessment

Prerequisites

• Participants should have prior knowledge of air cargo procedures
• Recommended level is Intermediate and Advanced
• The recommended level of language proficiency is ICAO Operational Level 4 for courses in English or the equivalent level for other languages.

How to register

• To attend a class scheduled at one of our training centers: Register early and save up to 20%! Please read the Terms for the early bird discount. The discount will be calculated at the time of payment.
• To arrange in-house training for your company: Complete the in-house training request form or contact the salesperson in your region.

What you will learn

Upon completion of this course you will be able to:

• Describe an overview of the air cargo industry in regard to revenue steering and optimization
• Recognize the revenue management role and its principles
• Identify revenue management systems and performance monitoring
• Explain overbooking factors, discounted allocations and respective inventory control
• Describe the delicate balance between demand and supply for effective management of revenue and contribution

Course content

• Overview of the drivers and constraints of the air cargo industry
• How structural changes and trends influence revenue management
• Revenue management principles, optimization and benefits
• Contribution methods and margin calculations
• Demand/capacity forecasting and handling of overbookings
• Market segmentation, product and pricing
• Scheduling

Activities

• Group work
• Discussions
• Optimization simulations

Who should attend

This course is recommended for:

• Frontline and supervisors from cargo agents, consolidators, freight forwarders, airlines involved in the transport of air cargo
• Individuals willing to enhance or refresh their knowledge
• Individuals who are new to their responsibility or recent joined the cargo industry

Certificate awarded

An IATA Certificate of Completion is awarded to participants obtaining a grade of 70% or higher on all exercises and exams. A special distinction is awarded to participant obtaining a grade of 90% or higher.