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

Saturday 31 July 2021

Reliance Retail : a Guess comes Good

 


 

How will the game plan of Reliance Retail unfold over the years ?


3 years ago, I made a few guesses re following aspects of that game plan :


#     Sales

#    Supply

#    Inventory

#    Delivery

#    Finance

#    Marketing


In relation to matters of  SUPPLY  and  INVENTORY , in my blog   MA = DA x 4,000,000 ?  (  17 July 2018 ), I made following guess :

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

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

 

 

3 years down the line, how accurate was that GUESS ?  Here is the GOOD news :


Rel Retail Brands may soon come to kiranas   /  Eco Times /  27 July 2021


Extract :


Ø  The country’s largest retailer plans to start supplying products such as soaps, sanitizers, and home disinfectants under Puric InstaSafe brand to other retailers and and kiranas nationwide in the coming months


Ø  With its JioMart ecommerce platform looking to supply everything from FMCG products to general merchandise to kiranas DIRECTLY, Reliance Retail with around 13,000 brick-and-mortar stores, is planning to push its own brands of FMCG, fashion and lifestyle, and electronics to the stores OUTSIDE of Reliance stable as part of of a larger CONSUMER PLAY


Ø  So far, kiranas purchased Reliance Retail’s private brands from its cash-and-carry stores but the company had seldom PRO-ACTIVELY marketed them to the GENERAL TRADE


Ø  Now there is a marketing team to sell PRIVATE BRANDS to the general trade


Ø  Reliance has also created a CONSUMER BRAND GROUP that is tasked with developing FMCG products to be sold in the GENERAL MARKET and not just in Reliance Retail’s own outlets and e-commerce channels

 


Related Readings :


 

Ø  Birth of a Black hole ? ……………………………….[ 18 Jan 2021 ]

 

Ø  JioMart fulfills Isha’s wishes ……………………………….[ 14 Jan 2021 ]

 

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

Ø  Who needs Fulfillment Centres [ FC ] ? Not Reliance Retail………..

[   [ 23 April 2019 ]

 

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

 

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

 

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

 

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

 

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

 

Ø  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



 

With regards,

Hemen Parekh  /  hcp@RecruitGuru.com  / 01 Aug 2021 

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