Can the Government be Run Like a Business?
During the election campaign in 2016, Donald Trump repeatedly stated that he planned to run the government like a business. He would use this as a unique selling point. All the previous presidents, as well as all of his competitors, were professionals like lawyers, doctors and so on. Donald Trump argues that since he was […]
The Benefits of Automation for the Healthcare Sector
The Need for Automation of Healthcare Activities There are many benefits to healthcare providers through automation. Not only will the end to end processing of customer records would be made easier, automation would also result in the actualization of efficiencies and synergies across the entire value chain of activities that healthcare organizations provide. When we […]
Braked Acceleration: A Case Study of the Indian Automobile Industry
From Maruti to Mercedes: The Evolution of the Indian Automobile Industry The Indian Automobile Industry has come a long way since the Independence times wherein its growth has broadly mirrored the changing lifestyle aspirations and the economic boom amongst the Indian consumers. Indeed, while the Ambassador car was the symbol of the Indian Automotive Industry […]
Customs Department – An Introduction
International Trade is facilitated and controlled by Countries with the help of Foreign Policy, Export Import Regulations, Schedule and Tariff of Import and Export Duties as well as Trade Laws and Regulations. Customs Department is the Federal Government Agency that is invested with Authority to conduct Customs Valuation and collect Import as well as Export […]
Rework and Scope Management
Introduction This article is a follow up of the earlier one related to the project management processes for an automation tool. This tool is to be used for automating the processes of a maintenance project in a software company. Rework A rework can arise due to: Change in scope Quality of the deliverables not up […]
An important element of the supply chain is the retail. Retail is the place where the products and goods are sold to the end users. Retailer purchases goods and products from producers in large quantities and in turn sells them to consumers in smaller quantities.
It is very important for the retailer to communicate with the supplier as well as the consumer. From the producer, the retail should know the following:
Consumer is also as important for the retailer as the producer. From the consumer, the retailer should know the following:
If the retailer is on top of above information, then he would be able manage his business efficiently. In the current scenario, large retailers have their shop across physical geographies. For them, it becomes very important to centrally manage all shops. Retail management information system precisely does this with help of hardware, software, database and various modules.
The objective of the retail information systems is as follows:
The retail information system should have following characteristics:
Retail information system should support basic retail function like material procurement, storage, dispatch, etc. It should allow the manager to monitor sales of product mix and daily sales volume. An information system should help in inventory management.
Retail information system is applicable to different types industry within retail management. An information system can be developed to manage fashion store, pharmacy, a grocery store as well as a toy store.
Indian retail sector has been growing by leaps and bounds in last decade or so. One research suggests that it will grow to $1,407 Billion by 2026.
Technology is and will play an important role in the Indian retail sector. Various groups in organized as well as the unorganized sector has taken to IT for supporting this growth.
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Communication Systems and Groupware – Information System Concepts that Apply in All Functional Areas of Business
February 12, 2025
