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NAME
ASHISH DHOBAL GOPI KRISHNA SHASHANK KAPDEO
ROLL NUMBER
12 19 23
NIRAJ MAKHE
JIGNESH MALKAN ABHISHEK KUMAR
30
31 28
Recording sales
5.
6. 7. 8. 9.
Stock Turnover/ Inventory Turnover Ratio Net Sales Avg. Retail value of inventory
Percentage Inventory Carrying Cost (Inventory Carrying Cost Net Sales) * 100
Suppliers /Quantity or Value purchased per buyer Total Suppliers /Quantity or Value purchased Total no. Buyers
New Methods
Features : Easy to use: Fast lookups by barcode or name Built-in help system Bar-code ready Credit card processing with IC Verify Built-in backup
Salesperson tracking Time clock Handles multiple clerks Handles multiple cash drawers Password protection
An RFID system consists of an antenna and a transceiver, which read the radio frequency and transfer the information to a processing device, and a transponder, or tag, which is an integrated circuit containing the RF circuitry and information to be transmitted.
Used for inventory management, IT asset tracking, race timing, passports, mobile payments, transportation and logistics, animal identification, museums, libraries etc.
Benefits of RFID
For instance, Wal-Mart stores manage to save $600 million annually by applying an RFID system. A recent study at Wal-Mart stores shows that the RFID system is more successful in replenishing out-of-stocks by 63% than stores without RFID . Furthermore, it is emphases the fact that there was a reduction in out-of-stock by 16 percent in this period. Also, the study shows important profit on investment by increasing the sales made. Increased focus on selling. It can reduce the waiting time of the shoppers inside a shopping queue and allow goods to be checked immediately and automatically
Benefits of RFID
RFID tags can also be used to fight counterfeiting (Traditional production devices such as holograms and chemical tags are now being copied by counterfeiters.). The counterfeiting business makes up 5-7% of world trade and costs retailers more than 500 billion Euros a year. GlaxoSmith, is tagging some drugs like Trizivir to reduce fraud The smart tags allow retailers to monitor products availability on the retail shelf especially during high selling seasons/perishable products. Because the retail shelf space is limited, RFID tags assist the retailers by enabling smart inventory management between the retail shelf and backroom stock In addition, RFID tags are useful for retailers with smart shelves that have inbuilt RFID scanners to organize the products that are placed on the wrong shelf as well as satisfy customers demand
RFID- Challenges
The cost of tags can be a barrier to retailers in adopting RFID technology, particularly at the individual item level but the cost are coming down . For example, in 2000, the price of tags cost from $1 to $100 based on the type of the tag, but in 2006 they cost from 20 cents to $20 Lack of internationally agreed RFID standards-However, in June 2004 EPC global developed agreed protocols on the type of tag that concentrated on the read rate and the frequency of tags. Privacy concerns from civil liberties groups - RFID could be used to allow retailers to gather information from customers. This kind of information allows the retailers to control the consumers behaviour A security concern : For example, when the RFID tag is designed to read at a distance of one foot, attackers have the ability to read this signal in the region of 100 feet with the use of this special equipment. Solution for this is in attempting to kill the tag. A simple solution can be making a small change in the information that is on the tag. Wrong billing of some previously purchased item
Cleanliness of stores
Maintenance of Store Facades & displays
Trade License
Edible Oil, Ready BMC Ward made ice creams , Office sweets & chocolates
License for cow, buffalo milk License for items like fish, mutton,etc Public Health Deptt of BMC Market & Slaughter Deptt of BMC
Supermarket
Supermarket Supermarket
Registration under Sec Sales Tax 22/22A of Mumbai Office sales Tax Act
Shrinkage Prevention
Categories of theft - worldwide Health & Beauty products Jewellery & Compact discs
Shrinkage Prevention
Proportion of shrinkage International 0.6 to 1.5% India- 0.7%
Shrinkage Prevention
Ways to prevent Personal Monitoring by Security Personnel Cameras to monitor Use of source tagging Small anti-theft labels are hidden inside a product or packaging by manufacturer
In- store
40%
Browser
15%
80%
Passer by
100 %
Displays
Window Displays Exclusive windows (closed backdrop with a theme and seasonal motif Open windows ( Without backdrop and passerby can see interior of store) E.g. Apparel & Related accessories
Displays
In store Displays Live display-Live models used, e.g. Kids Kemp in Bangalore using Cartoon characters to attract kids Marqee Display- Example Gillette Mach 3 stalls at Malls
Displays
In store displays Free Standing/Island displays Inside the store at the entrance to announce new arrivals /special offers E.g. Pantaloons Denims kept at entrance Counter displays For jewellery and watches
Displays
Brand Corners- For display of exclusive brands or devoted space in shelves or gondolas . Ex. Arrow / Zodiac at Shoppers Stop End Cap Displays At terminal side of gondolas both at entry and exit . Used in book stores Cascade & Waterfall display Ex. for Blazers, Jackets ,etc.
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