Measure to increase basic operation parameters of department
and lead generation for Giftvoucher
Name: SANTOSH KUMAR PARIDA
Regd. No.:1306258119
11-Jan-15 1
@
Sirf Dikhne me Mehenga
11-Jan-15 2
Company Profile
Company Reliance Retail
Subsidiary Company Reliance Trends
Founded 2007
Headquarters Mumbai
Chairman and
Managing Director
Shri Mukesh Ambani
sales revenue Approx.Rs.16 billion in financial year 2012-13
Stores at Orissa
Bhubaneswar-Saheed nagar , Patia, Cuttack,
Berhermpur, Sambalpur.
• Reliance Trends delivers unmatched affordability, quality
chain of products and services to the customer.
• Reliance Trend continues to fine tune its offering and
listening to its customers and learning from them.
11-Jan-15 3
Competitors
Customers
 Reliance Trends Follow it’s punch line “Sirf Dekhne me
Mehenga” that’s why it has a great customer base in today’s
competitive market.
 It keeps it’s product for every segment of customer, the
range of product and price range is too good and affordable
to each and every class of customer.
 Reliance Trends is offering a homogenous mix of private label
of brands across men’s, women’s and children’s category to
fulfil every customer’s requirements.
 1.Future Group
 2.Aditya Birla Group
 3.Shopper Stop
 4.Wall Mart(coming Soon)
 5. MAX Retail
Other Retail company like Kalamandi, Amber,,
Vishal, The World, etc.
11-Jan-15 4
Objectives
• To study the departmental parameters, if they are qualitative or
not.
• To study the problem faced by customer at Reliance Trends,
Bhubaneswar.
• To study the role of promotional offer/scheme in customer
satisfaction.
• To study the service quality offered by Reliance Trends,
Bhubaneswar.
11-Jan-15 5
Providing customer
shopping Experience
Receiving &
displaying
goods
Recording sales
Store Administration and management of premises
Tasks performedat the store level
11-Jan-15 6
Significant Areas Of Retail Operations
1. Customer Service and Accommodation.
2. Retail selling Process.
3. Store Staffing & Scheduling.
4. Retail Floor & Shelf Management.
5. Warehousing & Supply Chain Management.
6. Loss ( Shrinkage ) Prevention.
7. POS/ Cashiering Process.
8. Visual Merchandising and Displays.
11-Jan-15 7
Areas of Retail Operation covered
• Check out Management
• Stores Administration & Facilities
Management
• Loss ( Shrinkage ) Prevention.
• Visual Merchandising and Displays.
11-Jan-15 8
Stores Operating Parameters
To Evaluate Day to day operations of Stores ,
Dip stick parameters are used to measure retail performance.
They enable retailers to find out health of specific area of operation.
Parameters
• Customer Transactions
• Stocks
• Space
• ATS
• Conversion
• Employees
11-Jan-15 9
Stores Operating Parameters - Customer Transactions
• Customer Conversion Ratio
Number of Transactions
= ------------------------------- * 100
Footfall
This reflects retailer’s ability to turn potential customers
into buyers.
• Transactions per hour
No. of transactions
= -----------------------------------
No. of hours
This helps retailers to keep track of the no. of transactions
they are carrying out per hour , day ,week or season
11-Jan-15 10
• Hourly customer footfall
No. of Footfall
= ------------------------------
No. of hours
This is used to track total customer traffic per hour, day,
week or season.
• Average Ticket Size
Total sale
= -------------------
Total no. of Bills
Stores Operating Parameters - Customer Transactions
11-Jan-15 11
Stores Administration & Facilities Management
It includes
• Cleanliness of stores
• Maintenance of Store displays
• Time Keeping of staff
• Required Permission & Licenses
• Health & Safety Norms
• Store Security
• Insurance
11-Jan-15 12
License Subject Issuing
Authority
For Retail
format
Registration
Certificate
Under Shops &
Establishments
Act
BMC Ward
Office
Supermarket/
Department
Store
Stores Administration & Facilities Management - Licenses
11-Jan-15 13
• Planning the VM theme and creating displays
• Arranging props for displays
• Arranging display fixtures and lighting
• Setting up store before opening
• Working with floor plan and stores requirement
• Training personnel on sales floor to create display
• Organizing merchandising units such as racks and shelves
Visual
Merchandising &
Displays- Role
Visual Merchandising& Displays
• Art of suggestive selling by display & presentation.
• Known as Silent Seller.
11-Jan-15 14
Displays
• In store displays
 Free Standing/Island displays – Inside the store at the entrance
to announce new arrivals /special offers –E.g. Reliance Trends –
Mannequin kept at entrance.
 Counter displays – For jewellery ,watches and hand kerchief
etc.
 Brand Corners- For display of exclusive brands or devoted
space in shelves or gondolas . Ex. Killer, Turtle, PE at reliance
trends.
 End Cap Displays – At terminal side of gondolas – both at entry
and exit .
 Cascade & Waterfall display – Ex. for Blazers, Jackets ,etc.
11-Jan-15 15
• No digital promotion or advertising.
• Repeated Collections.
• Acute lack of awareness about the
store.
• Lack of external brands is also a major
constraint in the store.
• There is a cut throat competition from
its competitors like “lifestyle,
Pantaloons, Shoppers Stop”
respectively.
• More stores of Reliance Trends have to
be opened across various places in
Odisha.
• Negligible awareness about the
presence of store in other areas.
• Low prices of the merchandise attract
customers.
• Good staff service
• Store ambiances is very good.
• Follow a sales formula AGES
(APPROACH, GREETING, EYE
CONTACT, SMILE) properly.
• Retail industry is going to booming in
India in next couple of years.
• The Store offers in-house labels and
thus has freshness associated with it.
• Brand name of reliance has a lot of
prestige attached with it.
SWOT
Strength Weakness
Opportunities Threats
11-Jan-15 16
Methodology& Interpretation
Methodology:-
• Primary data is collected from the respondents through questionnaire.
• Secondary data is collected by visiting and surfing websites of the
company and other sources.
Analysis:-
The data is analysed by using Statistical tools like SPSS,MS word,
excel etc.
11-Jan-15 17
Interpretation
11-Jan-15 18
Contd...
11-Jan-15 19
Contd...
11-Jan-15 20
SIP Target vs Actual performance
SIP Target:-
• Handle the queries of customers.
• To Observe the departmental function in premises.
• Help the customer to access their desire product.
• Tagging, ironing and hand folding of garments when needed.
• Act as a sales executive to promote the Gift voucher of
Reliance Trends to several organisations.
Actual Performance:-
• Solved most of the queries of customers regarding their
problems.
• Tagging, ironing and folding of garments when needed.
• Make 3 warm call for Gift voucher
11-Jan-15 21
Key Takeaways
• I found out that to manage and handle all the duties and tasks
is quite difficult and it requires good communication skill and
problem solving ability.
• One should have a better convincing power to handle a
customer.
• I had a preconception that selling garments and handling the
queries of the customers is quite easy task, but I realise that
how much it complicated when I did those things.
• Overall it is a good experience.
11-Jan-15 22
Suggestions & implication
Suggestion:-
• Executives should be always with a customer for making cross
sale and off sale.
• Alteration time can be reduced by hiring additional tailors or
by doing the work quickly So that customers waiting time for
the alteration can be reduced.
• The percentage of discount in purchasing a bulk amount of GV
should be little more that’s why the organization show
interest in it.
11-Jan-15 23
Implication:-
• Employees are said to be with customer as their
shopping guide for provide them better service and also
make cross-sale and off-sale.
• An additional tailor is hired for providing better and
quick alteration service.
11-Jan-15 24
11-Jan-15 25
Thank YOU

Reliance Trends SIP Presentation #santosh

  • 1.
    Measure to increasebasic operation parameters of department and lead generation for Giftvoucher Name: SANTOSH KUMAR PARIDA Regd. No.:1306258119 11-Jan-15 1 @ Sirf Dikhne me Mehenga
  • 2.
    11-Jan-15 2 Company Profile CompanyReliance Retail Subsidiary Company Reliance Trends Founded 2007 Headquarters Mumbai Chairman and Managing Director Shri Mukesh Ambani sales revenue Approx.Rs.16 billion in financial year 2012-13 Stores at Orissa Bhubaneswar-Saheed nagar , Patia, Cuttack, Berhermpur, Sambalpur. • Reliance Trends delivers unmatched affordability, quality chain of products and services to the customer. • Reliance Trend continues to fine tune its offering and listening to its customers and learning from them.
  • 3.
    11-Jan-15 3 Competitors Customers  RelianceTrends Follow it’s punch line “Sirf Dekhne me Mehenga” that’s why it has a great customer base in today’s competitive market.  It keeps it’s product for every segment of customer, the range of product and price range is too good and affordable to each and every class of customer.  Reliance Trends is offering a homogenous mix of private label of brands across men’s, women’s and children’s category to fulfil every customer’s requirements.  1.Future Group  2.Aditya Birla Group  3.Shopper Stop  4.Wall Mart(coming Soon)  5. MAX Retail Other Retail company like Kalamandi, Amber,, Vishal, The World, etc.
  • 4.
    11-Jan-15 4 Objectives • Tostudy the departmental parameters, if they are qualitative or not. • To study the problem faced by customer at Reliance Trends, Bhubaneswar. • To study the role of promotional offer/scheme in customer satisfaction. • To study the service quality offered by Reliance Trends, Bhubaneswar.
  • 5.
    11-Jan-15 5 Providing customer shoppingExperience Receiving & displaying goods Recording sales Store Administration and management of premises Tasks performedat the store level
  • 6.
    11-Jan-15 6 Significant AreasOf Retail Operations 1. Customer Service and Accommodation. 2. Retail selling Process. 3. Store Staffing & Scheduling. 4. Retail Floor & Shelf Management. 5. Warehousing & Supply Chain Management. 6. Loss ( Shrinkage ) Prevention. 7. POS/ Cashiering Process. 8. Visual Merchandising and Displays.
  • 7.
    11-Jan-15 7 Areas ofRetail Operation covered • Check out Management • Stores Administration & Facilities Management • Loss ( Shrinkage ) Prevention. • Visual Merchandising and Displays.
  • 8.
    11-Jan-15 8 Stores OperatingParameters To Evaluate Day to day operations of Stores , Dip stick parameters are used to measure retail performance. They enable retailers to find out health of specific area of operation. Parameters • Customer Transactions • Stocks • Space • ATS • Conversion • Employees
  • 9.
    11-Jan-15 9 Stores OperatingParameters - Customer Transactions • Customer Conversion Ratio Number of Transactions = ------------------------------- * 100 Footfall This reflects retailer’s ability to turn potential customers into buyers. • Transactions per hour No. of transactions = ----------------------------------- No. of hours This helps retailers to keep track of the no. of transactions they are carrying out per hour , day ,week or season
  • 10.
    11-Jan-15 10 • Hourlycustomer footfall No. of Footfall = ------------------------------ No. of hours This is used to track total customer traffic per hour, day, week or season. • Average Ticket Size Total sale = ------------------- Total no. of Bills Stores Operating Parameters - Customer Transactions
  • 11.
    11-Jan-15 11 Stores Administration& Facilities Management It includes • Cleanliness of stores • Maintenance of Store displays • Time Keeping of staff • Required Permission & Licenses • Health & Safety Norms • Store Security • Insurance
  • 12.
    11-Jan-15 12 License SubjectIssuing Authority For Retail format Registration Certificate Under Shops & Establishments Act BMC Ward Office Supermarket/ Department Store Stores Administration & Facilities Management - Licenses
  • 13.
    11-Jan-15 13 • Planningthe VM theme and creating displays • Arranging props for displays • Arranging display fixtures and lighting • Setting up store before opening • Working with floor plan and stores requirement • Training personnel on sales floor to create display • Organizing merchandising units such as racks and shelves Visual Merchandising & Displays- Role Visual Merchandising& Displays • Art of suggestive selling by display & presentation. • Known as Silent Seller.
  • 14.
    11-Jan-15 14 Displays • Instore displays  Free Standing/Island displays – Inside the store at the entrance to announce new arrivals /special offers –E.g. Reliance Trends – Mannequin kept at entrance.  Counter displays – For jewellery ,watches and hand kerchief etc.  Brand Corners- For display of exclusive brands or devoted space in shelves or gondolas . Ex. Killer, Turtle, PE at reliance trends.  End Cap Displays – At terminal side of gondolas – both at entry and exit .  Cascade & Waterfall display – Ex. for Blazers, Jackets ,etc.
  • 15.
    11-Jan-15 15 • Nodigital promotion or advertising. • Repeated Collections. • Acute lack of awareness about the store. • Lack of external brands is also a major constraint in the store. • There is a cut throat competition from its competitors like “lifestyle, Pantaloons, Shoppers Stop” respectively. • More stores of Reliance Trends have to be opened across various places in Odisha. • Negligible awareness about the presence of store in other areas. • Low prices of the merchandise attract customers. • Good staff service • Store ambiances is very good. • Follow a sales formula AGES (APPROACH, GREETING, EYE CONTACT, SMILE) properly. • Retail industry is going to booming in India in next couple of years. • The Store offers in-house labels and thus has freshness associated with it. • Brand name of reliance has a lot of prestige attached with it. SWOT Strength Weakness Opportunities Threats
  • 16.
    11-Jan-15 16 Methodology& Interpretation Methodology:- •Primary data is collected from the respondents through questionnaire. • Secondary data is collected by visiting and surfing websites of the company and other sources. Analysis:- The data is analysed by using Statistical tools like SPSS,MS word, excel etc.
  • 17.
  • 18.
  • 19.
  • 20.
    11-Jan-15 20 SIP Targetvs Actual performance SIP Target:- • Handle the queries of customers. • To Observe the departmental function in premises. • Help the customer to access their desire product. • Tagging, ironing and hand folding of garments when needed. • Act as a sales executive to promote the Gift voucher of Reliance Trends to several organisations. Actual Performance:- • Solved most of the queries of customers regarding their problems. • Tagging, ironing and folding of garments when needed. • Make 3 warm call for Gift voucher
  • 21.
    11-Jan-15 21 Key Takeaways •I found out that to manage and handle all the duties and tasks is quite difficult and it requires good communication skill and problem solving ability. • One should have a better convincing power to handle a customer. • I had a preconception that selling garments and handling the queries of the customers is quite easy task, but I realise that how much it complicated when I did those things. • Overall it is a good experience.
  • 22.
    11-Jan-15 22 Suggestions &implication Suggestion:- • Executives should be always with a customer for making cross sale and off sale. • Alteration time can be reduced by hiring additional tailors or by doing the work quickly So that customers waiting time for the alteration can be reduced. • The percentage of discount in purchasing a bulk amount of GV should be little more that’s why the organization show interest in it.
  • 23.
    11-Jan-15 23 Implication:- • Employeesare said to be with customer as their shopping guide for provide them better service and also make cross-sale and off-sale. • An additional tailor is hired for providing better and quick alteration service.
  • 24.
  • 25.