International Journal of Management, IT and Engineering
Year : 2016, Volume : 6, Issue : 10
First page : ( 142) Last page : ( 148)
Online ISSN : 2249-0558.

Use of Electronic Innovations in Retail

Dr. khandelwal Aditi R

Assistant Professor, The IIS University, Jaipur, India

Online published on 27 February, 2017.

Abstract

Retail refers to a “Business that sells products or services to consumers for their personal or family use”. A retailer is the last link in the distribution channel he has direct contact with the consumers and knows their requirements very well. In India 90% of the retailing is done in unorganized sector but the scene is changing quickly. Over the last 10 years retail industry has seen a number of world retailers coming and setting their stores in India. These are generally well managed stores which are in organized sector and have proper documents and processes. With the change in retail scenario and computerization of all businesses even retail is becoming advanced with the use of electronic modes. This paper tries and brings out the more efficiency in the whole system of retailing.

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Keywords

Retail, Vendor Managed Inventory, Cross Docking, Collaborative Planning Forecasting and Replenishment, Radio Frequency Identification.

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