Brief show on how retail is going to evolve after deregulation,challenges faced and way ahead to bring customer delight
By Dhanish Ahsen,Vaisakh KV and Sebin K Joseph (MBA Oil & Gas Management,UPES)
The Future of the Food Supply Chain & LogisticsAngela Carver
The future of the food supply chain is unclear as it is in a state of constant change. This is not unusual for supply chain operations as there are many factors driving change. Due to the already global nature of the food supply chain the implications and impact of this change is far reaching. Some of the top factors impacting the food supply chain include: governmental regulation changes, growing customer demand, increasing globalization and rising infrastructure investment. This is leading to a variety of creative solutions that are allowing for the fast and efficient evolution of the industry as a whole. One of the most popular advancements for the industry is the use of IoT and telematics to bring fresher, local produce to consumers. This focus on technology utilization has helped these businesses to adapt existing distribution networks to accommodate more localized delivery. This technology will also help to track produce from the source through to the consumer as customers demand to know more about where and how their food was produced. These solutions include WMS, RFID, ERP, manufacturing execution systems ADC devices, temperature recorders and much more. The food supply chain will also begin to utilize rail transport more frequently than ever before. This is thanks to significant infrastructure upgrades such as those completed on the Florida East Coast Railway. Localized delivery will also change and shift towards 3rd party courier services such as UberFresh and UberEATS. These private couriers will focus on D2C delivery in large, densely populated areas like NYC and Boston. Other services such as Blue Apron and Hello Fresh will offer similar D2C delivery and other creative click-to-collect options. With globalization increasing the import and export of food will continue to rise. In order to maintain food inventory integrity many ocean carriers are implementing advanced refrigeration technologies that are more reliable and that release less environment-damaging emissions. All of these improvements will address the factors forcing the evolution of the food supply chain. To learn more about these solutions and more like them contact Datex experts today at marketing@datexcorp.com or 800.933.2839 ext 243.
Transportation providers now play a more vital role in the fresh food supply chain than ever before. They are expected to provide fast, efficient and sanitary last mile logistics services as this directly impacts the freshness of produce inventory. Product freshness is more critical than ever due to increased customer expectations as consumers are now more educated about varying inventory options available to them. In order for retail grocers to capture market share they must be able to guarantee the highest quality product at the lowest prices- something they can only do by partnering with a reliable and high performing transportation partner. Transportation operations have been impacted by legislation such as the FSMA Sanitary Transportation of Human & Animal Food Rule. Under this legislation many transportation providers have had to make adjustments to their operational processes in order to meet the stringent requirements relating to proper refrigeration during transport, trailer cleansing between loads and proper food protection. Produce inventory shrinkage rates are high due to poor handling during transit. This has spurred advancements in produce packaging and loading procedures. Technology such as cartonization software is being utilized to assist warehouse staff in selecting proper packaging. Transportation providers are also implementing warehouse management software to help direct reverse loading procedures. Reverse loading trailers helps to lower handling requirements as deliveries are made. Minimized handling can potentially reduce inventory damage during transit. Temperature monitors are also being implemented to assist in maintaining regulatory compliance. These monitors track pre-cooling, temperature during transit and temperature at time of delivery. This information helps to complete the audit trail required for FDA FSMA compliance. Vehicle maintenance has also been brought to the forefront as a key factor in ensuring produce inventory quality. Properly maintaining vehicles reduces instances of break downs where inventory shrinkage may occur. Regular maintenance checks are often automated through the transportation providers WMS software. Fuel prices have also affected transportation operations and how they develop their distribution networks. Many are moving towards a spoke-and-wheel strategy, bringing products closer to consumers. To learn more about produce transportation best practices and how the industry is adapting to the latest legislation read this brief SlideShare or contact Datex experts today at marketing@datexcorp.com or 800.933.2839 ext 243.
Return to Success: Streamlining Returns in the Supply Chain for Enhanced Effi...Aggregage
Don't miss this opportunity to gain valuable insights and practical strategies that can transform your supply chain and return processes, ultimately enhancing customer satisfaction and driving business growth. Register now for our webinar on recognizing and addressing hang-ups in the supply chain for a more seamless return experience!
Supply Chain Management is already a common phenomenon to improve efficiency in selling. This presentation emphasizes the systematic management of such process which is well advanced today.
Winning Supply Chain in Omnichannel - Trends and ImplicationsMichael Hu
I gave a talk at Professor Chopra's class at Kellogg on emerging trends in omnichannel retailing and the need for new supply chain and fulfillment models.
The Future of the Food Supply Chain & LogisticsAngela Carver
The future of the food supply chain is unclear as it is in a state of constant change. This is not unusual for supply chain operations as there are many factors driving change. Due to the already global nature of the food supply chain the implications and impact of this change is far reaching. Some of the top factors impacting the food supply chain include: governmental regulation changes, growing customer demand, increasing globalization and rising infrastructure investment. This is leading to a variety of creative solutions that are allowing for the fast and efficient evolution of the industry as a whole. One of the most popular advancements for the industry is the use of IoT and telematics to bring fresher, local produce to consumers. This focus on technology utilization has helped these businesses to adapt existing distribution networks to accommodate more localized delivery. This technology will also help to track produce from the source through to the consumer as customers demand to know more about where and how their food was produced. These solutions include WMS, RFID, ERP, manufacturing execution systems ADC devices, temperature recorders and much more. The food supply chain will also begin to utilize rail transport more frequently than ever before. This is thanks to significant infrastructure upgrades such as those completed on the Florida East Coast Railway. Localized delivery will also change and shift towards 3rd party courier services such as UberFresh and UberEATS. These private couriers will focus on D2C delivery in large, densely populated areas like NYC and Boston. Other services such as Blue Apron and Hello Fresh will offer similar D2C delivery and other creative click-to-collect options. With globalization increasing the import and export of food will continue to rise. In order to maintain food inventory integrity many ocean carriers are implementing advanced refrigeration technologies that are more reliable and that release less environment-damaging emissions. All of these improvements will address the factors forcing the evolution of the food supply chain. To learn more about these solutions and more like them contact Datex experts today at marketing@datexcorp.com or 800.933.2839 ext 243.
Transportation providers now play a more vital role in the fresh food supply chain than ever before. They are expected to provide fast, efficient and sanitary last mile logistics services as this directly impacts the freshness of produce inventory. Product freshness is more critical than ever due to increased customer expectations as consumers are now more educated about varying inventory options available to them. In order for retail grocers to capture market share they must be able to guarantee the highest quality product at the lowest prices- something they can only do by partnering with a reliable and high performing transportation partner. Transportation operations have been impacted by legislation such as the FSMA Sanitary Transportation of Human & Animal Food Rule. Under this legislation many transportation providers have had to make adjustments to their operational processes in order to meet the stringent requirements relating to proper refrigeration during transport, trailer cleansing between loads and proper food protection. Produce inventory shrinkage rates are high due to poor handling during transit. This has spurred advancements in produce packaging and loading procedures. Technology such as cartonization software is being utilized to assist warehouse staff in selecting proper packaging. Transportation providers are also implementing warehouse management software to help direct reverse loading procedures. Reverse loading trailers helps to lower handling requirements as deliveries are made. Minimized handling can potentially reduce inventory damage during transit. Temperature monitors are also being implemented to assist in maintaining regulatory compliance. These monitors track pre-cooling, temperature during transit and temperature at time of delivery. This information helps to complete the audit trail required for FDA FSMA compliance. Vehicle maintenance has also been brought to the forefront as a key factor in ensuring produce inventory quality. Properly maintaining vehicles reduces instances of break downs where inventory shrinkage may occur. Regular maintenance checks are often automated through the transportation providers WMS software. Fuel prices have also affected transportation operations and how they develop their distribution networks. Many are moving towards a spoke-and-wheel strategy, bringing products closer to consumers. To learn more about produce transportation best practices and how the industry is adapting to the latest legislation read this brief SlideShare or contact Datex experts today at marketing@datexcorp.com or 800.933.2839 ext 243.
Return to Success: Streamlining Returns in the Supply Chain for Enhanced Effi...Aggregage
Don't miss this opportunity to gain valuable insights and practical strategies that can transform your supply chain and return processes, ultimately enhancing customer satisfaction and driving business growth. Register now for our webinar on recognizing and addressing hang-ups in the supply chain for a more seamless return experience!
Supply Chain Management is already a common phenomenon to improve efficiency in selling. This presentation emphasizes the systematic management of such process which is well advanced today.
Winning Supply Chain in Omnichannel - Trends and ImplicationsMichael Hu
I gave a talk at Professor Chopra's class at Kellogg on emerging trends in omnichannel retailing and the need for new supply chain and fulfillment models.
Oilr is a mobile app to request on-demand oil changes. If you need an oil change, instead of going to a traditional brick and mortar location, you simply open the Oilr application, click a button to schedule a service, and a certified oil change technician will come to your work, home, wherever to do an oil change. Our slogan is "Making the Necessary Convenient"
Creating an efficient Procurement & P2P processxynergie Ltd
One area that is often overlooked in building an Optimised Cost Base is the procurement and Procure to Pay (P2P) process. This slideshow highlights the benefits of delivering an efficient operation and identifies ways to drive improvements across the whole end to end process
The US insurance market is transforming rapidly and this is driven by changing buyer needs, ability to use analytics and technology to provide seamless customer experience and more so, the ability to manage costs across the insurance value chain
Oilr is a mobile app to request on-demand oil changes. If you need an oil change, instead of going to a traditional brick and mortar location, you simply open the Oilr application, click a button to schedule a service, and a certified oil change technician will come to your work, home, wherever to do an oil change. Our slogan is "Making the Necessary Convenient"
Creating an efficient Procurement & P2P processxynergie Ltd
One area that is often overlooked in building an Optimised Cost Base is the procurement and Procure to Pay (P2P) process. This slideshow highlights the benefits of delivering an efficient operation and identifies ways to drive improvements across the whole end to end process
The US insurance market is transforming rapidly and this is driven by changing buyer needs, ability to use analytics and technology to provide seamless customer experience and more so, the ability to manage costs across the insurance value chain
1. Getting more out of
Indian oil & gas
Retail sector
Presented By
Dhanish Ahsen KP
Vaisakh KV
Sebin K Joseph
MBA (Oil & Gas Management)
University Of Petroleum & Energy Studies
2. Contents
• Need for change
• Gen Next Customers
• New Vistas
• Value addition points
Getting more out of Indian oil & gas Retail sector
2
3. Need For Change
• Deregulation of pricing
• Emergence of alternate fuels
• Outdated refineries
• Inefficient supply chain management
• Emergence of New age Customers
Getting more out of Indian oil & gas Retail sector
3
6. Gen Next Customers
• Tailored and personalized products, services &
experiences are now expected
• Customer touch points to be well maintained
• Faster transaction
• ‘Trust seeker’-Quality & Quantity assurance
Getting more out of Indian oil & gas Retail sector
6
7. Customer Evolution
Fragmented
• Customers want tailored and
personalized products, services
and experiences.
Inter Connected
• Customers expect a brand
experience across multiple
channels and touch points.
Well Informed
• Customers are more
knowledgeable than ever before
and are comfortable integrating
technology into their lives.
Time-starved
• Customers want a convenient
experience, accessibility and
transparency needed to make
informed decisions .
Conscious
• Customers are concerned about
value and about their health and
the environment.
Getting more out of Indian oil & gas Retail sector
7
8. New vistas
Getting more out of Indian oil & gas Retail sector
• Smart Phone based virtual valet linked to NFC
• Social Media Marketing to identify and target potential
customers
• Incorporating integrated telematics systems
• Back Office Integration
• Prepaid cards that allows customer to lock the fuel rates
8
12. Back Office Integration
• Stock reconciliation
Downsize spend time counting and accurately checking both
‘wet’ and ‘dry’ stock and inventory
• Data upload
Replenishing the stock at RO and thereby increasing supply
chain efficiently instead of waiting for each retailer to call and
make order
• Point Of Sales
Accurate findings to the point of sale at retail outlet,
illuminating the correct site for specific items
Getting more out of Indian oil & gas Retail sector
12
13. Value +
• Replenishment system linked to stock monitoring at RO
• Product filling by bulk meters and automated process
Terminal
• Comprehensive sealing mechanism
• Vehicle monitoring and tracking system (telematics)
Transportation
• Automated system for tank gauging and wet-stock
reconciliation
• Exception reports for online monitoring of stocks
• Remote diagnostics
Retail Outlet
• Electronic calibration and tracking of metering assembly of
dispensing unit
Customer
Getting more out of Indian oil & gas Retail sector
13
14. References
• Accenture. (n.d.). Fuels retail.
• BPCL. (n.d.). Retrieved 02 05, 2014, from www.bharatpetroleum.in.
• IBEF. (n.d.). Oil & Gas Market & Opportunities.
• IOCL. (n.d.). Retrieved 02 06, 2014, from www.iocl.com
• Kieran Clarke, D. G. (2010). India's downstream petroleum sector. IEA.
14
Getting more out of Indian oil & gas Retail sector