Hi Friends,

Even as I launch this today ( my 80th Birthday ), I realize that there is yet so much to say and do. There is just no time to look back, no time to wonder,"Will anyone read these pages?"

With regards,
Hemen Parekh
27 June 2013

Now as I approach my 90th birthday ( 27 June 2023 ) , I invite you to visit my Digital Avatar ( www.hemenparekh.ai ) – and continue chatting with me , even when I am no more here physically

Tuesday 30 October 2018

Re-defining Retail : Maini and Mukesh





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


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