Retail supply chain management in india pdf

Such spoilage in supply and distribution network can be trimmed down noticeably by employing RFID in supply chain. RFID tags are enabled to record product expiry information. Hence, it facilitates firm enterprise system to recognize the perishable retail products required to be moved fast to retail shop or discard from distribution network because of expiry date. RFID also helps in effectively managing shipments of dairy products. Out-of- stocks occur because store personnel do not know where the replenishment product is located.

As a result, out-of-stocks seriously affect retail sales, brand loyalty, and consumer satisfaction. Out-of-stock reductions are the single largest benefit area offered by RFID for both suppliers and retailers by improving product visibility. Shared back room product visibility outside the four walls of the retailer to the manufacturer should dramatically benefit all trading partners, improving replenishment processes and ultimately resulting in fewer out-of-stocks at the store shelves.

Besides losing revenue of stock-outs, the availability of desired product is a crucial driving force for overall customer satisfaction and long-term loyalty. RFID has the potential to address these supply chain inefficiencies and significantly reduce stock-outs as enumerated below: 1. RFID-enabled supply chain limits manual errors and reconciles dispatched shipping goods against purchase order value. RFID readers would scan the carton tags and with the help of firm enterprise system it will identify the correct number of cartons by comparing carton information against purchase order value.

RFID-enabled supply chain facilitates firms to collect more data during different stages of supply chain and also helps in reducing chance of human errors. RFID-enabled supply chain enhances real-time visibility in supply chain as it interlinks production, distribution center and retail outlet.

The high-levels of locational accuracy throughout the supply chain, enabled by RFID, allow for efficient inventory operations in supply chain. Major portions of these returns consists of incorrect goods shipped, damage during shipping and defective goods delivered. RFID-enabled supply chain can control such errors and related lost sales. During order filling process, an RFID reader integrated with firm enterprise system will detect shipment items and compare them with customer order and generate alert if extra item or wrong item has been processed or items are missing.

To control shipment errors and subsequent lost sales, such alert signals can be incorporated at various levels of order processing. Faster new products launch in market Innovation is the primary source of new revenue growth amongst global manufacturers. As sales of new products represent a growing portion of total revenue, companies are increasingly shortening the time to market new products.

RFID facilitates faster launch of new product by providing real-time visibility in supply chain. With improved visibility, firms benefit by way of better availability of products, effective coordination and execution of marketing and advertising plan and better management of repeat customer orders. Better supply chain visibility enables faster new product launch in market and provides major source of competitive advantages.

RFID helps in tackling these issues and gives better overall customer satisfaction. RFID-enabled supply chain applications may furnish relevant, timely and accurate product information ranging from availability, pricing and promotions to product locations.

Such information will reduce time and cost of customers in getting required products. RFID enables store employee to access the exact place of retail items thus facilitating quick response to customer requests. RFID also permits self-store checkout that results in lessened waiting time and superior shopping experience for customers. RFID deployment in the retail supply chain RFID deployment in retail supply chain has been growing rapidly with its widespread applications by major global retail giants.

Once RFID tagging is established in all stores, the retailer intends to expand the range of items it tags from six clothing types i. Metro is also studying and testing the pilot project of RFID-enabled supply chain to track goods in global supply chain from China to Germany.

Wal-Mart is also equipping its employees with handheld RFID scanners for better tracking of movement of cartons in stores, warehouse and distribution centers. RFID deployment at Wal-Mart will boost top-line growth, improve its inventory management and supply chain practices and enhance bottom line. Out-of-stock were studied in 24 Wal-Mart stores with half of the stores being control stores and the remaining half being RFID-equipped stores.

Leave a Reply Cancel reply Comment. Enter your name or username to comment. Enter your email address to comment. Enter your website URL optional. Search this website Type then hit enter to search. Share via. Copy Link. In each market that we operate, we look to be local. We treat each market as unique and India, in this respect, is no different. In December , Wal-Mart Inc.

In May , Wal-Mart was ready to open its first store in India. The first store air-conditioned and built over 50, sq. Most important, it ensures that the product reaches the market and ultimately the customer without any delay.

The end goal is to deliver the right product in the demanded quantity to the customer at the right time and correct location. For instance, if a customer purchased three home decor items from a company but was delivered only two of the originally ordered product and one wrong product was past the allotted delivery date, the customer is bound to be unhappy. Supply chain managers are valuable assets to companies because they use their expertise and knowledge to evaluate performance, optimize processes, reduce supply chain costs, manage inventory, shorten the product life cycle, and identify new opportunities to increase profits.

Not just that, supply chain managers are key in establishing and maintaining good relationships between the parties involved, including vendors, manufacturers, stakeholders, distributors, etc. All of these actions combined help increase productivity and increase company ROI substantially. The scope of supply chain management is quite broad.

Naturally, there are people skilled workers involved at all levels of the supply chain network — their livelihoods depend largely on the effective functioning of the supply chain. Supply chain management is the new rage in the Indian industrial scenario. The increasing proliferation of global players in the Indian market, ever-expanding product variety, fast-paced technological disruption and digitization, and shortened product life cycles are the major driving factors behind the growing scope of supply chain management in India.

Plus, the diverse selection of job roles in the supply chain domain makes it an even more appealing prospect for young aspirants. Considering that the supply chain and logistics industry are fast-expanding, job opportunities in this industry are increasing each year.

While conventional roles are getting a digital makeover, new roles demanding unique skills are emerging as well. Rest assured, you can get well-paying jobs that guarantee maximum satisfaction and optimal usage of your knowledge and skills in the supply chain sector.