If you spot the similarities in the following , you
will appreciate how Chetan Maini and Mukesh
Ambani are busy re-writing the rules of the RETAIL GAME
[ Source : Second
Coming / Eco Times Magazine / Oct 28
2018 ]
This intelligence is what Maini hopes would give Sun Mobility an advantage.
The company would ,
·
know the state of every battery in real time
·
what the users did with it
·
whether they were used properly or not
·
If they dropped the battery, the network would sense it
·
If the performance declined due to high temperature, the
network would sense
that, too
·
All the batteries and the entire distribution infrastructure,
will be smart, relaying back business-sensitive information to a central grid.
·
The data will eventually allow the company to PREDICT which kiosk will need
battery refills , at what time , allowing for a seamless and glitch-free operation
·
[ Source : MA = DA x
4,000,000 ? / 17 July 2018 ]
If you join Reliance Retail Eco System , here is what it will do for you ( - this is my guess ) :
======================================================
SALES :
All of your merchandize will be available for selection /
ordering on our ONLINE web portal
This online presence of your merchandize will expand / extend
your " reach " to thousands of consumers in your neighborhood
You will need to only focus on OFFLINE ( across-the-counter )
sales to consumers who walk into your store
For OFFLINE sales , we will install in your stores , all the
necessary Computers / POS terminals / Routers / Internet Connections / Mobile
Wallet Payment systems and an end-to-end , RETAIL MANAGEMENT software
All of your OFFLINE sales data will get transferred to our
Central Server
=========================================================
SUPPLY :
We will deliver to your store , all merchandize on "
Consignment " basis
This means , you do NOT need to pay us for what we deliver to
you store !
Till sold , all goods in your store will be our " stock
"
This way , you do NOT need any " Working Capital " as
far as your stocks are concerned
We will also tie-up with the manufacturers
You don't need to have any interaction / dealing with the
manufacturers
=========================================================
INVENTORY :
On a continuous basis , our web server will keep a track of each
and every item of merchandize sold from your stores
Our Server will calculate , your " Stock Movement
"
Based on this data , our Server will compute / set for each item
:
# Minimum Stock Level
# Alarm Stock Level
# Stock Re-Order Level
# Re-Order Quantity ( Minimum Batch Size )
Based on this logic , our Server will instruct the relevant
" Merchandize Manufacturers " ( or their dealers / stockists ) , to
deliver the stipulated " Re-Order Quantities " to your stores
A " Re-Order Instruction intimation " , will get
delivered to your computer
Upon arrival , you will need to update the data
From time to time , our Software will also figure out your
current stocks of " Extremely Slow Moving " and " Obsolete /
Expired " items , and arrange for " Return Delivery " , which
you will need to enter in your database
=========================================================
DELIVERY :
Not only we will deliver the merchandize to your store , but we
will also pick up " Ordered Items " ( for ONLINE orders only ) , from
your store and deliver the same to your customers !
Initially we will employ manual " Delivery Persons "
for this but , before long , we will deploy a fleet of autonomous DRONES for
this purpose
This fleet will cover " Kirana Stores " and "
Online Customers " , located in pre-designated areas , covering 4 sq km (
2 km x 2 km )
We are in talk with www.What3Words.com , to enable precise
delivery through your 10th floor window !
These drones will get their " Delivery Instructions "
directly from our Web Server , for all ONLINE orders
When these drones arrive at your Store to pick up the items ( to
be delivered ) , they will transfer ( Blue Tooth / NFC ) and display on your
Computer screen , following data :
# Online Order
Number / time / date
# Items covered
with description / value of each
# Customer Name /
Address
# Mode of Online
Payment / Bank Details
# Your online
account CREDIT details , giving,
( Sales Value ) - ( Purchase Price
)
" Purchase Price " of goods in your
stock will be
based on FIFO method
=========================================================
FINANCE :
As explained earlier , you will have a bare minimum need for
" Working Capital " , since all of your stock will be on "
Consignment " basis
We will collect the " ONLINE PAYMENTS " directly from the customers and " Credit " the same to your " online sales account " with us
Against same account , we will " Debit " the " purchase price " ( price at which you purchase the merchandize from Reliance ) of the goods sold
Our server will also take care of all GST payments and filing of GST returns
As far as OFFLINE sales is concerned , all the data captured through POS terminal will get transferred to our Central Server
=========================================================
MARKETING :
Not only will we carry out all marketing for your ONLINE sales , we will help you with your OFFLINE marketing , through introduction of the following technology-enhanced features :
# Arranging a better display of merchandize on your shelves / re-arranging of shelves
# Introducing Augmented Reality ( AR ) for clothes / fashion goods in " Trial Rooms " for giving the customers , an experience of " touch - feel - looks "
# Introducing Robots to answer customer inquiries
# Eliminating " Check Out Counters " , based on " Payments through Bio-metric Recognition " of customers
# Embedding RFID sensors in each item of merchandize and RFID readers embedded in Shopping Carts
# Improving your window display thru rotation
# Introducing music
# Eventually replacing " Physical " merchandize with " Holographic Display " of merchandize on your store shelves !
30 Oct 2018
www.hemenparekh.in
/ blogs
