Thursday, 26 July 2018
Tuesday, 24 July 2018
PIYUSH PLAN ? ………………………………………… [ 27 March 2016 ]
Retiring Old Vehicles - Gadkari Style ? ………. [ 30 May 2016 ]
Young or Old ? ………………………………………………[ 27 Aug 2016 ]
From OLD to NEW ? No , go NEWER ! ……….[ 22 Sept 2016 ]
Building Castles in the Air ? ………………………..[ 12 March 2017 ]
Best out of a Bad Bargain ? ………………………….[ 29 March 2017 ]
Car Grave-Yard of World ? ……………………………[ 14 Feb 2018 ]
One door closes ; Another opens ……………..[ 27 Feb 2018 ]
Mahindra Accelo : Saluting a pioneer …………..[ 19 June 2018 ]
Sunday, 22 July 2018
Tuesday, 17 July 2018
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
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
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
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
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 !
Our 7500 Reliance Retail stores witnessed 35 crore footfalls last year
When all of the 4 million kirana stores join us , we expect this number to go up by more than 500 times !
And I am not restricting my invitation to the " existing " stores only
Reliance has plans to take on lease , thousands of premises and offer the same to " unemployed graduates ( preferably , tech savvy )" to set up such retail shops
Without need for " fixed " or " working " capital , we hope to be able to attract many to become our franchisees
Jai Hind !
I have no doubt Shri Dhirubhai is proud and happy - wherver he is
18 July 2018
www.hemenparekh.in / blogs