Analytics in Retail Industry Submitted By: Group 7 ROLL NUMBER | NAME | 65 | Vishal Nigam | 57 | Shveta Dang | 48 | Riju Mathew | 38 | Padmanava Gupta | 36 | Nidhi Babbar | 27 | Kavita Chatterjee | Date: 23rd April‚ 2013 Contents 1. Executive Summary 2. Introduction 3.1. Analytics and Retail Industry 3.2. Indian Retail Industry – An overview 3. Prerequisites of Analytical Retail 4. Current Status of Implementation of Analytics in the Retail Industry
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History The first structured method for documenting process flow‚ the "flow process chart"‚ was introduced by Frank Gilbreth to members of the American Society of Mechanical Engineers (ASME) in 1921 in the presentation “Process Charts—First Steps in Finding the One Best Way”. Gilbreth’s tools quickly found their way into industrial engineering curricula. In the early 1930s‚ an industrial engineer‚ Allan H. Mogensen began training business people in the use of some of the tools of industrial engineering
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MKT 6A5 CW2: INDIVIDUAL ASSIGNMENT Due date: 8thhMay 2013 Report Length: 2000 words Total Weight: 40% Students need to be uploaded on BB (which uses turn-it in to check on your work) by 11:59pm. Please submit hard copies to your tutors during the following seminar. (Students may be asked to perform a viva if required by the tutor to verify their understanding of the subject matter - date and time to be advised by the tutor). YOUR TASK: Students are to select a new product launch
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Introduction RETAIL MANAGEMENT The word ’retail’ is derived from the French word ’retailer’ meaning ’to cut a piece off’ or ‘to break bulk’. In simple terms it involves activities whereby product or services are sold to final consumers in small quantities. Although retailing in its various formats has been around our country for many decades‚ it has been confined for a long time to family owned corner shops. Retail marketing is an essential component of an overall marketing
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Travel Retail Analysis The Travel Retail industry can be defined as the sale of services and products trough channels such as airport stores‚ airlines‚ cruise lines‚ downtown duty free stores or any other related to travel environment. Even tough these retail stores have to pay for concession fees; they are exempt from the payment of certain taxes that make the product very attractive to the final customer. I believe the Travel Retail is very susceptible to the economic variations and
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Online Retail December 2014 Reference Code: 0199-2344 Publication Date: December 2014 WWW.MARKETLINE.COM MARKET LINE. T HIS PROFILE IS A LICENSED PRODUCT AND IS NOT T O BE PHOT OCOPIED Global - Online Retail © MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED 0199 - 2344 - 2014 Page | 1 EXECUTIVE SUMMARY Market value The global online retail sector grew by 21.4% in 2014 to reach a value of $986.7 billion. Market value forecast In 2019‚ the global online retail sector
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Retail Industry overcoming the challenges? A- 1.) Tie –ups with Professional Institutes to overcome the Problem of trained manpower Retail Houses like Reliance Retail and Future group are most likely to ink a strategic partnership with NIFT. The partnership will provide Reliance Retail with trained pool of professionals‚ latest designs and access to NIFT research base.The MoU will be signed up by December 2006. The partnership will include industry sabbatical for NIFT faculty and scholarship
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Industry Overview Some 400‚000 specialty retail stores operate in the US with combined annual sales of $350 billion CAGR 2002-06: 5% Market is dominated by large players like Best Buy‚ Toys “R” Us‚ Gap‚ Sports Authority‚ etc The market size of some major product categories: o Shoes and clothing - $125 billion o Electronics and appliances - $85 billion o Jewelry - $25 billion o Sporting goods - $25 billion o Books - $25 billion Other categories include Toys‚ Music‚ Luggage‚
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Difference Between Cash Flow and Funds Flow Statement Many people think that both cash and fund are same‚ however they both are different and so is the case with cash flow statement and funds flow statement. Let’s look at some of the differences between cash flow and funds flow statement – 1. While funds flow statement reveals the change in the working capital of a company between two balance sheet dates while cash flow statement reveals the change in the cash position of the company between two
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Retail Tracking Systems Retail Pro or MicroStrategy? Retail Pro is Business Intelligence software that enables retail store owners to customize a “Point-of-Sale” (POS) method of retailing. The key feature of this software is the ability to create multiple revenues of sales inside one store. The software allows employees to select from an array of add-on modules to run a retail establishment using strategic planning and undergoing the various tasks involved operating a retail establishment.
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