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Retail Management
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Role of I.T. in Retail.• At POS- I.T. provides fast customer check out process as
sensors scan merchandise instantly and credit card payments r instantly get connected. Even shop lifting can b identified instantly.
• At operating level-EDI provides connects vendors, stores, jit. UPC tracks inventory and space management, rfid tags.
• At Customer level- CRM• At-HR and exe information systems- HRIS helps performance
management system. Executive information system helps better decision making.
• At automation in merchandise and scm systems- stock replenishments, purchase orders, goods receipt, etc.
• At price and promotion management level- for mark down pricing, events during temporary price changes etc.
• MIS and analysis- to take out exceptional reports, interactive reports