Retail

Introduction

Retail sector in India is growing rapidly with the urbanization and with the changing consumer behavior. This has led retailers to concentrate their energies and leverage their capacities to harness the potential. The entry of the leading corporate houses into retail created a surge in the growth of the industry.

With the approval from GoI on 51 % FDI in multi brand retail in India, most of the corporates are eying to capture the market and creating ways to attract the customers through effective advertisements, conducting " Entertainment and Loyalty programs ".

E-Governance

Situation Analysis

With the latest trends and changing consumer behaviour tends to move the customer towards branded shops and shopping malls instead small retail stores because of availability of more brands and quality products. With the infrastructure, branding plays major role to draw the customer attention towards the store .Apart from attracting customer satisfaction, customer retention is very important by rendering various customer friendly programs.

Todays competitive market has enforced the retailers to maintain sufficient inventory so as to provide multiple options to the visiting customers & close the sale. This has added pressure on retailers to provide best product in best competitive pricing. The answer to handling such situations lies in introducing the various innovative technologies, which provides value added services for the visiting clients and at the same time saves operational cost.This is a well known fact that the retail industry runs on very thin margins & survives on two major factors namely bulk / quantity sale and minimal operational cost. Introduction of technology can provide solution to both the mentioned challenges in areas such as inventory management, q-bursting, value add services and supply chain management, Visiotek handheld terminals can be used in numerous ways in retails to accomplish & improve the operational efficiency, providing better services to the end user. Also, provide the higher management a monitoring tool for analysis and store management.

In small scale/Medium retail industry,the main complexity pertains in the areas of distribution of the product, payment collection, order booking etc.,

Helps for Customer retention

  • Fast checkout Process
  • Multiple payment options
  • "Q" less system
  • Loyalty Programs
  • Convenient Parking slots>

High Level Solution

Visiontek POS terminals with GSM/GPRS/Wi-fi facilitates the customers in billing the items on the spot or "where the customer stands" instead of waiting in the "Queue".Inbuilt Magnetic stripe reader provides added help to read the loyalty cards for the updating the loyalty points and subsequently issue a print receipt using an inbuilt printer.

There are many other solutions using Visiontek POS to facilitate the visiting customers

  • Order Management system
  • "Q" bursting systems
  • Parking Management
  • Weighing scale integration
  • Payment collections
  • Distribution management system

Bottom Line

With the Possibility of high level of integration with Visiontek POS terminals,we can provide various retail based applications to facilitate the customers for faster and smoother transactions.

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Advantages

  • Online order booking
  • Stock checking
  • Faster check out process
  • "Q" bursting
  • Supports both Online and offline transactions
  • GPS Tracking
  • Less Maintenance cost
  • Data Storage and report generation
  • Easy to handle
  • Weighing machine/Barcode Scanner Integration is possible