With the sector expected to create at least 2mn direct jobs in 5 years, there is a rash of grooming courses. Mint (partner to the Wall Street Journal), New Delhi, August 30, 2007 When Shoppers’ Stop Ltd was planning to roll out its first department store in Mumbai in 1991, less than 10 candidates showed […] ↓ Read the rest of this entry…
With long-term experience in modern supply chains and provisioning, Hong Kong firms in the food and related products sectors – the likes of Heng Tai Consumables and ABS Procurement Co – are sure to be viewing the changing Indian retail scene with more than passing curiosity. Others, like ACM China, the greenhouse specialist, are already […] ↓ Read the rest of this entry…
Targeting an emerging segment of night shoppers, New Delhi-based round-the-clock convenience chain Twenty Four Seven Retail Stores Pvt. Ltd plans to invest Rs 880 crore (US$200 million) in opening 1,000 outlets in the next five years., in a country where even late markets shut by midnight. The company plans to open 178 stores in Delhi […] ↓ Read the rest of this entry…
India is fast becoming the retail destination of the world. According to the international management consultant AT Kearney, India has emerged as the leader in terms of retail opportunities. The retail market in India is anticipated to grow to 427 billion USD by the year 2010. However, the face of the Indian retail industry is […] ↓ Read the rest of this entry…
During the last twenty years, the global trend towards outsourcing, first for production within China and more recently for services within India, has been the engine of spectacular growth. Wealth generated from outsourcing has played a significant part in fuelling the stunning rise of the worlds largest and fastest growing middle classes in history, in […] ↓ Read the rest of this entry…
Category management is the process of identifying and managing product categories as strategic business units, rather than simply viewing a retailer’s offering as a collection of individual products. The category management approach delivers enhanced business results by focusing on delivering consumer value. It is often a shared process between a retailer and its vendors. This […] ↓ Read the rest of this entry…
1 COMMUNICATE expectations of all parties 2 Customer must commit to sharing PRECISE information 3 Supplier must ensure RELIABLE transmission, receipt, and use of information 4 Sufficiently TEST systems before going live 5 Expect implementation to be a PROCESS not a project 6 Plan to spend sufficient TIME AND MONEY to make it work Vendor […] ↓ Read the rest of this entry…
While there is no such thing as a toilet paper fairy, there are inventory fairies. Better referred to as vendor-managed inventory (VMI) technicians, these folks assume responsibility for inventory planning and replenishing stock when it is low. For many, Wal-Mart has set the standard for a well-oiled VMI machine. Widget makers and potion peddlers are […] ↓ Read the rest of this entry…
Vendor Managed Inventory (VMI) VMI is a process where the supplier maintains and replenishes the Inventory of the customer based on demand information sent by the customer. During this process the supplier is required to fulfill to mutually agreed objectives for inventory levels, transaction costs and product price. Indian Context: Vendor Management Inventory in […] ↓ Read the rest of this entry…
Achieving cost reductions is one thing. Continuously building upon those savings and driving additional performance improvements is another matter. It requires continuous monitoring of the market and supplier performance by experts who know the category and the supply base. Unfortunately, few companies have the resources to apply this level of attention to the majority of […] ↓ Read the rest of this entry…
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