The document discusses different types of retail stores and retail management information systems. It provides details on various retail formats including supermarkets, department stores, and chain stores. It also outlines key components of a retail management information system, including inventory management, data tracking, reporting and analytics to improve operational efficiency. Speed of operation, customer support, ease of use, and functionality are important factors for effective retail management information systems.
2. Retailing include all the activity involved in selling
goods or services directly to the final consumer for
personal or non business use .
(By philip
kotler)
The origin of the word retail is considered to be
from the French word ‘retaillier’ which means to
"cutting off, clip and divide" in terms of tailoring. To
use the concept, retailing directly converts into the
meaning that it is breaking of products in larger
consignments into smaller packages for general
consumption.
3. The Indian retail industry is the fifth largest
in the world
Comprising of organized and unorganized
sectors, India retail industry is one of the fastest
growing industries in India, especially over the
last few years
$ 320 billion now -- $700 billion by 2013
14% to India’s national GDP
8. MIS refers broadly to a computer-based system
that provides managers with the tools for
organizing, evaluating and efficiently running their
departments. In order to provide past, present and
prediction information, an MIS can include
software that helps in decision making, data
resources such as databases, the hardware
resources of a system, decision support systems,
people management and project management
applications, and any computerized processes that
enable the department to run efficiently.
9. Inventory statistics are compiled and maintained by the system.
The statistics are used by the system in order to advise on ordering
(what to order), stocking (what to stock), and notification of slow-
moving or dead stock. Some of the statistics that are kept on each
item are:
• Performance/ABC Code
• Sales History (units, sales, profit %)
• Product Rankings by Sales, Profit,
• Units, and Cost
• Stock Out Occurrences over last 24 months
• Last Stock Out Date
• Last Stock Days (number of days)
• Highest in-stock amount and date
• Highest one-time sale amount and date (single customer
dependency)
• Average unit sale per month
10. Supporting the basic functions of
procurement, storage and delivery, a retail
management information system allows a
manager to manage customers, inventory,
suppliers and product sales. The system
allows you to track purchase orders and
update inventory records dynamically. You
can analyze cash, check and credit card
transactions to reconcile information. Improve
efficiency by examining overage and
shortages to reveal trends that can be
rectified.
11. Speed of Operation
Customer Support
Ease to Use
Functionality
Achievement of business goals
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13. Y-cam provides the perfect topping of
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August 24, 2011
Y-cam Solutions have helped Domino's
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14. A supermarket, a form of grocery store,
is a self-service store offering a wide
variety of food and household
merchandise, organized into departments.
It is larger in size and has a wider selection
than a traditional grocery store, also selling
items typically found in a convenience
store, but is smaller and more limited in the
range of merchandise than a hypermarket
or big-box store.
15. For example, you
may find magazines
placed prominently
in a shelf as you
walk in, by the side
of a popular brand of
perfumes and
another shelf of
chewing gums.
16. Adepartmental store is one where the
products are sorted and organized for
shelf display. It is easy to find a product
in such stores, as the products are
organized in broad categories and sub-
categories.
17. Department stores usually
sell products including
apparel, furniture, home
appliances, electronics, and
additionally select other
lines of products such as
paint, hardware, toiletries,
cosmetics, photographic
equipment, jewellery, toys,
and sporting goods
18. Chain stores are retail outlets that share a
brand and central management, and usually
have standardized business methods and
practices. These characteristics also apply to
chain restaurants and some service-oriented
chain businesses. In retail, dining and many
service categories, chain businesses have
come to dominate the market in many parts of
the world. A franchise retail establishment is
one form of chain store.
19. Forexample the
world's largest retail
chain, Wal-Mart,
became the world's
largest corporation
based on gross sales.