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About this document
- Pages
- 71 pages
- Price
- $45 one-time, yours to keep
- Membership
- Included in every plan
- Format
- Subject
- Business Management, Retail Management
This report examines the current practices of supply chain management in the retail industry. It covers the global and Indian retail scenarios, major players, retail formats, operational support systems, and SWOT analysis. It is useful for understanding retail operations and management strategies.
What's inside
- Executive summary of retail industry growth
- Objectives and methodology of the study
- Global and Indian retail scenarios
- Major players and retail formats
- Operational support systems and future trends
Who it is for: Students on a Postgraduate Diploma in Business Administration with a specialization in Operations Management. (Postgraduate)
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Summary
Operations in the retail industry are about giving customers what they want. Students learn about retail management, the Indian retail scene and how to make operations decisions.
Retail Operations
Retail operations management involves giving customers the right product at the right time. Customers want a bundle of attributes like price, quality and performance.
Indian Retail Market
The Indian retail market is growing. It includes both unorganized and organized sectors. The organized sector is expanding with new outlets and mall space.
Trends in Retail
New product categories and increasing competition are trends in the retail market. Retailers are expanding into various sectors like lifestyle, apparel and consumer durables.
Operations Support Systems
Operations support systems include point of sale information systems and supplier relationship management. They help in managing inventory and maintaining relationships with suppliers.
Key terms
- Operations Management
- The process of giving customers what they want.
- Merchandise
- Products that can satisfy a customer's want or need.
- Point of Sale Information System
- A system that tracks inventory and reorders stock when needed.
- Supplier Relationship Management
- Managing relationships with suppliers to ensure they act in the retailer's best interest.
- Logistics
- The process of transporting goods safely and reliably at a low cost.
- Procurement
- The process of acquiring goods or services, considering the vendor's side.
Questions this document helps with
- What are the key attributes customers look for in retail products?
- How is the Indian retail market structured?
- What are the main trends in the current retail market?
Summary written with AI from the document's text.
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