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

Thursday 14 January 2021

JioMart fulfills Isha’s wishes

 


 

Context :

Reliance Retail to rope in kirana stores as franchise partners to fulfill JioMart orders   

ET Now Digital / 12 Jan 2021

 

Extract :

 

Ø  Mukesh Ambani-owned Reliance Retail is set to rope in local kirana stores as franchise partners to fulfill orders placed on its ecommerce platform JioMart. Reliance Retail will exit from the direct sale of packaged food, grocery and FMCG products. The kirana stores will sell these products to consumers in their respective neighborhoods.

 

Ø  In the case of products ordered on JioMart and not in stock with the kiranas — which typically sell the 300-400 most popular items — Reliance Retail will supply them and the margins will be shared equally.

 

Ø  Further Reliance Retail has decided to shelve its B2B cash-and-carry store format, Reliance Market, which will be turned into fulfilment centers for B2B delivery of products to kiranas. The neighborhood stores will place their orders online and get deliveries at their outlets.

 

Ø  Analysts say this strategy will help Reliance Retail in the long run to fulfill customer orders placed on JioMart faster than competition and will also help it in achieving higher volume

 

===================================================

 

Here is that FULL SCRIPT ( as envisaged in my following blog )

 

MA = DA x 4,000,000 ?   ……………………………[ 17 July 2018 ]

 

-        Where I imagined Mukesh Ambani telling the Kirana Store Owners :

“  If you join Reliance Eco System , here is what I will do for you :

=================================================

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 neighbourhood

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 !

 
   

===================================================
 

RELATED READINGS :


Asha of Isha ? …………………………………………………………………………………..[ 15 July 2020 ]

 

A White Hole called Reliance Retail   ……………………………………………..[ 29 April 2020 ]

 

Congratulations, Shri Pawan Kumar Agarwal   ………………………………[ 13 April 2020 ]

 

Jumping onto Reliance Retail Bandwagon   …………………………………… 07 March 2020 ]

 

Unfolding as Envisaged ?   ………………………………………………………………[ 30 Dec 2019 ]

 

Disruption : The New Survival Strategy ……………………………………….[ 04 Sept 2019 ]

 

Ready to revolutionize Retail [ 3R ] ?   ………………………………………….[ 15 Aug 2019 ]

 

Who needs Fulfillment Centres [ FC ] ? Not Reliance Retail………..[ 23 April 2019 ]

 

Bypass E : Go from D to F   …………………………………………………………..[ 07 Feb 2019 ]

 

Weave a Wondrous World [ W3 ] …………………………………………………..[ 20 Jan 2019 ]

 

Mukesh has the last laugh !  …………………………………………………………..[ 31 Dec 2018 ]

 

Re-defining Retail : Maini and Mukesh ……………………………………………[ 30 Oct 2018 ]

 

Jio Hubs : Entrepreneurs Apply ………………………………………………………[ 19 Sept 2018 ]

 

Reliance Juggernaut Rolls !  …………………………………………………………….[ 06 July 2018 ]

 

===================================================

Blog sent to :

   care@jio.com

   shop@jio.com

   enterprisecare@jio.com

   jiofibercare@jio.com

 mukesh.ambani@ril.com

  jyoti.jain@ril.com

  info@ril.com

===================================================

 

Hemen Parekh  /  hcp@RecruitGuru.com  /  15 Jan 2021

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