Retailing
is the next big wave to hit the Indian
sub-continent. With a population of
1 billion people and an economy growing
at 8-9% year after year, spending
is on an upswing. For retail chains
local and global, this is the market
to be. With abundant promise for sustained
growth and momentum; everyone wants
a share of the pie.
The Indian retail sector is so unique
that transplanting western models
and formats will not ensure success.
What we need today is retailing the
Indian way. Pricing, Merchandising,
Franchising and Stocking models need
to be thought about from an Indian
perspective and probably regionally
too.
Retailers in India need today an Indian
retailing solution that has been built
considering the quirks and characteristics
of our large country, incorporating
'our' processes within software that
is rugged, while being able to adapt
to the multi faceted needs of today's
retailers.
Retailers have an array of business
process needs, ranging from in-store
operations to customer relationship
management, supply chain management,
merchandise management, inventory,
warehouse management, pricing, production,
human resources, asset management,
and financials.
Based on Ramco VirtualWorks,
Ramco solutions for retail provide
companies with the flexibility they
need to rapidly respond to evolving
corporate imperatives, regulatory
changes, and market conditions. Rather
than re-deploy enterprise systems
as the company reacts to these changes,
the underlying platform can leverage
business process models to quickly
compose new business assets for true
“change on demand.”
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