Retail Software in India – The Absolute Need of All Retail Businesses

Retail Software in India – The Absolute Need of All Retail Businesses

It is obvious to everyone that the retail industry is growing at breakneck speeds all over the world. In developing countries, the charge is being led by India, where retail stores are getting bigger and better each passing day. Retail software in India is becoming an absolute necessity to keep pace with the growing demands of the industry and to manage the rapid growth in this market effectively.
Organized retailing is becoming the need of the hour as major retail businesses are finding ways and means of coping up with the tremendous buying power of the new generation of professionals. As competition stiffens, medium and even small retailers are waking up to the fact that complacency in the matter can drown them for good. Retail software in India is becoming a priority for all retail businesses that are looking to ride on wave of this huge retail boom.
Conventional point-of sales systems have long become obsolete as they have their limitations. In fact many retailers have done away with such systems long back and are experimenting with retail solutions in India to have a better control over sales and inventory. Software solution providers are also waking up to the need of this segment to have better, user-friendly systems to help them get a grip on the situation.
Retail software in India can help retailers enjoy various benefits. One of the best advantages comes from having better inventory control. Retail ERP systems haves features that allow retailers of both medium and large sized stores to manage their inventory and customer service. The best retail software has functionality that allows retailers to keep many aspects of their retail business under control.
With the right type of software, taking decisions becomes easier especially when it comes to identifying the fast moving retail products and how much of stock should be maintained to retain good control over inventory positions. It is also crucial to deploy the right software so that retailers can improve the quality of business management and also maximize the efficiency of customer service.
One important driver of retail software in India is that every retailer, big or small wants to have information to enable him to make the decisions that help him have the right products available at the right prices and the right places. Research into various aspects of the retail industry reveals that proper adoption of the correct technology can attract new customers, enhance profitability and improve overall quality of business management.
In retail sectors where the scale of operation is high and involves multiple levels of control and sale points, automated processes can help in a major way. Not only does it eliminate the manual way of doing computing tasks completely, it also minimizes the chances of errors creeping into the records considerably. Efficiency levels increases to optimum levels as real time availability of information helps retail companies make better and informed decisions.
A major advantage is the ability of retail software to track down customer information at will. This can help retailers offer customized services to their loyal clients, the best way a retailer can acknowledge the importance of a customer.

Impact Of Retail Display And Store Design On Buying Decisions

Impact Of Retail Display And Store Design On Buying Decisions

A retail display is a merchandising display that attractively showcase shop inventory or featured products. An immense number of products in the retail market are competing for attention. And the offer of new brands seems to increase day by day. It’s good to know that at least 60% of purchases are decided right in the store, according to statistics provided by POPAI (Point of Purchase Association International). Take the right steps to make some profits and don’t leave conversions to chance.

Custom retail displays are clever investment to make when aiming at featuring your product and rising your margins. Creative retail display design is requisite in a successful retail store. These retail fixtures draw attention in a competitive retail store floor and can be designed to target your ideal customer base. Whether or not a customer decides to buy your item, it depends largely on the style your product is displayed.

Great store design is not only about matching colors and materials harmoniously and using elegant lighting solutions to reinforce a recognizable store branding. Deployment of the optimal display type with appropriate choices of size, shape, material and color can be the single most determining factor for driving purchase conversion.

Additionally, retail displays can be designed to optimize the amount of merchandise to be displayed on a given limited floor space. Retail space is rare and precious — make sure to get the most of each square foot.

An area of overall aesthetic store design will make people feel comfortable to stay and pay more attention compared to areas of very simple inventory presentation, where they just stop by to buy things they need from their list. This is because consumers unconsciously tend to search for environments that creates positive mood and invites them to stay.

Right choice of retail display and retail space design will help store owners to differentiate from other stores and persuade shoppers to come in, stay longer and come back. A store without smart retail display positioning and a highlighted store theme, will be automatically associated with a cheap items shop and won’t be able to drive high margin sales for brand products.

For the manufacturer the purpose of using a uniform retail display design for all stores is to strengthen the unified company message. It has an immense effect on brand recognition — even if your product range changes from time to time, the branded retail display still attracts shoppers to see what’s new on offer from your company. Custom retail display is actually the only practical way manufacturers have, to control about how their products will be perceived in many different distribution outlets.

Most of buying decisions are made at the point of sale. So the most important factors are location, store and display design which will decide whether or not your products get noticed and your efforts will secure ROI. If well designed and optimally placed in the retail space, custom retail displays show improved results on your bottom line profits. A tailored retail display for your brand is a safe investment to boost your profits in a competitive market.

Some Useful Tips to Start Home Based Business

Some Useful Tips to Start Home Based Business

Life can be simple and sweet for you, your family as well as for your future. A Home Based Business is a new business model which can transform your home into your office. This means that you can simply opt for a business and its program that you like and share with the individuals whom you already know.

A home based revenue business gives you an opportunity to work as your own boss. It even offers you a chance to cash your hobby. You can enjoy the hard work while sitting at home. Working from home avoids the stress and tensions of the employment. It even helps you to save the expenses on transportation. You even enjoy the flexibility of timings and working schedule. Here you have a chance to do your work whenever you get time. You act like your own boss and complete as much work as you like. You can set your personal deadlines according to yourself. As you stay at home so you can easily look after your family and maintain a perfect balance between your personal as well as professional life.

If you are thinking to start home based business then you must consider a business plan in mind. It should be something that you are well aware of. Your business plan should outline the ways of making money through business. A detailed business plan is the best way to start your business as it will assist you at each step. So planning is the foremost step to start a home based business. The next important criterion to consider is the financial structure of the business. You should know how much you need to spend to establish your business. Consider the work force required in business and how will you pay to your employees.

Consider the plans beforehand that how will you grow your business. You really need to think and plan accordingly the steps that are required to expand your business in near future. Whenever you start home based business it is essential that you thoroughly research all the legal issues that are involved. The law varies according to the state but every state requires getting a business license and a seller’s permit. Make sure that you fulfill all the licensing requirements to avoid undue hassles.

Take time to network and advertise your business. If you are working at home that does not mean you don’t require business contacts. You must schedule meetings outside your work area to get away and meet others in your field. This will help you greatly to expand your business. You must showcase your knowledge about your product to others. You can write online articles and add your contact information in them. You can even search for various seminars where you can participate and make people aware. By doing this you are building a good reputation of your home business.

Home business is the perfect idea. Here start up costs can be minimal while the after potential is certainly great. Your time and initial efforts are the greatest investment that you will enjoy afterwards. Following these tips will increase your productivity and will help you in achieving great profits.

Turning Retail Jobs Into Rewarding Retail Careers

Turning Retail Jobs Into Rewarding Retail Careers

If you have never thought of retail as an area in which you can build a career, then you have simply not given enough thought to the retail world! For every store with a handful of cashiers and stock boys working the floor, there are supervisors, buyers, managers, HR people, accountants, and more. The lists of people who support a retail store are huge, and not all of them are jobs that sit at the bottom of the food chain.

Looking for a retail career means looking for something in retail that interests you. If you have a particular hobby, like math, then you may find that an accounting or bookkeeping career at a retail store is ideal for you. In fact, if you are interested in a particular type of object, activity, or field, then you may already know the ideal store for you.

If you know where you would like to work but do not yet have the education to apply for a job in an executive type of position, then consider applying for a job as a retail store clerk at that store instead. Deal with customer service, work as a cashier, or otherwise spend your employment hours at the store of your choice for later in life. This has several benefits.

One benefit of working in a low position at a retail store that you enjoy is that you will be able to earn money to pay for the education that you are probably getting so that you can apply for your dream job. This is an excellent way to get your foot in the door and to start making a little bit of income at the same time, even if the position is not one that you particularly enjoy.

Another great benefit of working at your chosen retail location while you are in school is that it allows the supervisors to notice you early on, and gives you a history with the store. If you apply for an HR position within the company and they see that you have a perfect work record with them already, they may be more willing to take a chance on you and your new degree than on an equally qualified person with whom they have no direct experience.

As you make your way through the ranks you’ll find a number of doors opening. According to your formal education, training, skill, and personal interests, you should be able to find a number of career options including the following:

* Human Resources Managers: Work to solve employee problems, supervise payroll, hire new employees, and plan corporate events

* Buyers: Find the best product options for your store and control inventory

* Merchandisers: Create in-store campaigns, work with buyers to find the best products, and influence the layout of the store to maximize sales

* Loss Prevention Officers: Supervise security, deal with shoplifting problems, come up with creative ways to cut costs, and find problems in paperwork

* Corporate Managers: Make big decisions about the company, come up with new campaign strategies, meet with investors, research customer preferences, price products, oversee all daily operations, and dictate company policy

You may also want to create a career out of the retail industry by opening a store of your own. Being a small business owner can be daunting, but if you have experience in the retail industry, you’ve got a start on preparing to run your own store. Owning a business can be quite rewarding!

Retail is full of career opportunities; however, the popularity of low paying jobs in the retail sector has led people to believe that the only job that you can get in retail is cashiering. This is simply not true, and hard work and drive can actually lead you to a successful and pleasing retail career in your life. Just like any other job, it takes planning, education, and dedication to make a career in retail your reality.

The Importance Of Retail Bank KPI

The Importance Of Retail Bank KPI

Retail banking has also faced challenges in the matter of measuring abstract and quantifiable indicators. Performance metrics in retail banking can be done using KPI. The retail bank KPI can be utilized to measure the progress of a certain organization belonging to the retail banking industry. This measure is intended to help retail banks improve their progress towards the achievement of their organizational goals.

What are the key performance indicators of a retail bank?

The KPI in retail banking may include the factors that have links to the performance of a retail bank. There may be several KPI to measure the retail bank’s performance. However, it is important to keep the number of KPI to a minimum and to choose KPI’s that have direct attributes to its performance.

The total cash deposits held in a month and the average annual deposits held can be used as KPI’s, to measure the performance of a retail bank in the matter of attracting deposits from customers.

Other factors that may be considered as KPI’s in retail bank:

1) Average number of depositors per retail bank branch

2) Average withdrawals made by each depositor

3) Ratio of active depositor to dormant depositor

4) Average number of default borrowers in a year

5) Average number of credit cards issued by the retail bank

6) Rate of borrowing risk

7) Rate of default risk

8) Average number of customers served in a day

9) Average number of closed bank accounts

Income, cost, investment returns, interest margin, and company assets are other retail bank KPI’s. Retail banks may have their own system for recognizing KPI. The KPI’s are measurable and quantifiable and must be identified to assess the performance of retail banks.

Certain attributes are also considered to recognize a measurable factor for performance evaluation as KPI. Identifying KPI’s is crucial and must be taken into careful consideration before they can be used as objects for performance measurement. The acronym SMART can be used for identifying KPI’s. KPI’S must be specific, measurable, achievable, relevant and time-bound.

Aside from the aforementioned KPI’s that can be used for performance measure, one of the measurement framework used in financial institutions is the risk-adjusted return on capital.

The risk-adjusted return on capital or RAROC can be utilized to make analysis on risk-adjusted financial performance. It is the ratio of return to capital with adjustment on certain risks involved in the process. As it is known in the financial world, capital invested on high-risk form of investment is likely to yield higher returns than risk-free investments.

RAROC can be used as a retail bank KPI alongside with other indicators.

The retail bank has an exact environment to identify KPI. Normally, banks are organized financial institutions that abide the law in making transactions with depositors, clients, and customers. And normally, the KPI is used to detect problems so the entity can formulate solutions based on the given indicators used to measure its performance.

Top management of retail banks analyze KPI’s to accurately measure the performance. Retail bank KPI;s can be financial or non-financial metrics. There may be involvement of demographics of clients and depositors, rates of turnovers, backgrounds of bank personnel, and technology used.

Houston Retail Space Leasing

Houston retail space leasing can help retail building owners to increase revenue, vendors to increase sales and provide a variety of industry personnel with data and reports to facilitate decision-making and communication. Retail center owners can review rental rates for nearby properties to insure their rental rates are competitive. Vendors to the Houston retail building community can focus their marketing and sales efforts. OConnor & Associates provides comprehensive retail building data for the Houston metropolitan area. This Houston retail building data is used by investors, management companies, brokers, prospective tenants, vendors, appraisers and other industry participants. O’Connor & Associates Houston retail building data is updated quarterly. Retail rental rate and leasing information is obtained directly from owners, management companies and leasing agents.

Benefits of O’Connor & Associates Houston retail building data include:

Retail building owners can increase revenue by increasing rental rates after comparing rental rates for their property with the rental rates for competing Houston area retail buildings. Rental comparables can be targeted based on year of construction, building size, anchored versus non-anchored, and location.;
Investors can increase acquisitions by targeting properties which fit their acquisition criteria. Information regarding both properties which are for sale and those which have sold are available.;
Retail building investment brokers can increase their sales by utilizing the ownership information to contact retail building owners and can also use the statistical data reporting package to perform analysis for clients. Comparable sales data is available for some properties.;
Retail building leasing agents can efficiently identify space which meets a clients requirements. Retail leasing brokers can search by location, rental rate, anchored versus non-anchored, year of construction, building size, location, type of retail property, (strip center versus neighborhood center versus community center versus mall) and many other factors.;
Retail building vendors can use the ownership information to focus their sales effort on the most appropriate retail buildings;
Retail building owners and management companies can use the statistical reporting package to understand and analyze market status and trends. By reviewing both current market trends and construction which is currently underway and proposed, owners can gain insights into probable market trends for the next 12 to 24 months. Historical data for the Houston retail market is available from 1988 for occupancy, rental rate, absorption and many other factors.;
Retail building owners, brokers and management companies can compile data and reports for clients and internal reporting;
Appraisers can use the data for rent comparables and to calculate submarket occupancy, rental rates, rental rate trends, absorption, and review properties proposed and under construction. Appraisers will also benefit from data regarding comparable sales.
Houston area retail buildings are classified by type (strip center, neighborhood center, community center, regional mall and single-tenant).

Features of O’Connor & Associates Houston retail building rental and leasing data include:

Rental rates, occupancy, management company, leasing company and ownership information updated quarterly;
Details on over 20 physical building features such as year built, net rentable area, type of center, etc.;
On-line access to live database;
List of tenants currently at property;
Ownership information including contact person, owner company, phone number, and address;
Management company information including contact person, phone number and address;Historical data since 1999;
Robust options to search for properties. There are over 40 fields of data which can be used to search for targeted properties.;
20 options for reports including a detail sheet for each property, rental rates by property type (strip center, neighborhood center, community center and regional mall), occupancy by type, absorption by type and many additional reports. O’Connor & Associates is receptive to adding report formats of use to multiple users.

Sample reports are available below:

Detail sheet
Rental rates by type
Occupancy rates by type
Absorption by type

OConnor and Associates has provided comprehensive retail building data for Houston since 1988. Our retail building data includes rental rates, occupancy rates, contiguous space available, amenities, ownership information, management company information and extensive details regarding each retail building. Our staff can also provide retail building market studies and feasibility studies. In addition, our staff can help you evaluate options for improving performance at a property. Other services include highest and best use analysis, market rent analysis, lease audits, lease abstraction, investment and portfolio analysis, and custom consulting.

Career in Retail Management

The retail industry is one of the fastest emerging sectors of India. Comprising of around 14-15 percent of the total GDP, the retail sector in India is one of the top five retail markets in the world. It is estimated to be around US $ 450billion. Management is a field with diverse functions. Retail Management is one such promising and highly lucrative career option.

There are approximately 4.3 million retail outlets across the country which requires almost 3.25 million employees currently. Thus, it is evident that the job opportunities in this sector are limitless. Retail sector is an emerging market which is vibrant enough to attract a lot of employers and thus provide tremendous opportunities.

This huge growth and expansion of the retail industry will result in the creation of huge demand for professionals. Some of the most promising career options in this field are:

– Store Manager:

A Store Manager is also called the General Manager and Store Director is a person who is responsible for managing the daily operations of a store.

– Sales:

It is the entry level post in the retail industry. But this is one of the most important posts in the sense that sales define the success of a retail store.

– Retail Manager:

It’s the function of a retail manager to coordinate the work of a retail outlet. The major responsibilities of a retail manager are managing the store layout, layout of the merchandise, managing supply etc.

– Visual Merchandizer:

They are those people who give life to the brand. They provide an identity to the product by giving it a face. These people can be a technical designer, product developer and store developer.

– Retail Buyer’s and Merchandisers:

They are responsible for maintaining the right stock of goods in the store outlet. They have to understand the needs of the customers and thus need to be aware of the latest trends of the market.

With such wide varieties of career options, Retail Management is one of the most sought after career options. It offers wide varieties of job opportunities in the supply chains, retail houses and export companies. Retail jobs are available in various departments like retail store operations, customer marketing, category management and retail management. These are some of the most important concepts which have to be understood by any candidate who is trying to make a career in the field of retail management.

There are some courses provided by EduKart.com also. Some of these courses are Certificate course in Retail Management, Certificate course in Category Management and Retail Buying, Certificate Course in Retail Store Operations and certificate course in Customer Marketing. All these courses have been certified by Retailer’s Association of India.

For more details about the courses visit EduKart.com Retail Management Courses

Business Brokers In Philadelphia

Philadelphia, the 6th largest metropolitan area in the United States is home to around 6 million people. Not far from other top metropolitan areas in the US such as Boston, New York and Washington DC Baltimore, the north east is clearly the most populated area in the US. With over 116,000 businesses, Philadelphia is an extremely large market with a great deal of commerce including a lot of business transactions.

One of the businesses that operate in Philadelphia is A Neumann and Associates LLC. As a Philadelphia Business Broker, A Neumann and Associates specializes in assisting business buyers and sellers during business transactions. Their service starts long before the sale or purchase however, and it always starts with the number one priority which is Confidentiality.

As a leading Philadelphia Business Broker, A Neumann and Associates has built a reputation on expertise, tremendous track record and exceptional service that has lead to many happy clients and many incredible testimonials. They begin their service long before the purchase or sale and often extend their service long after. For instance, a business seller needs a certified business valuation from a third party expert in, A Neumann and Associates has been involved in thousands of business valuations.

There many reasons why business owners need a certified business valuation, and they are required if they wish to justify their asking price, have buyers take them serious and ultimately sell their business. On average, entrepreneurs only experience one business transaction in their life. With this lack of business transaction experience, major mistakes can occur without proper representation. This is what A Neumann and Associates specializes in, not only mitigating the risk of mistakes, but obtaining the best possible result for their client and doing so much faster than the average business transaction. There are just a few reasons why they are highly respected as a Philadelphia Business Broker.

For business sellers, they also have to prepare up front. No offer will be taken serious by a business seller without justification of their offer price and proof that they have the financial ability to close on the transaction. A Neumann and Associates prepares buyers in order to have a strong offer that will be taken serious by the buyer and assists with obtaining financing if necessary to close the transaction. These upfront steps are crucial for business buyers just like the upfront steps are critical for business sellers.

As an experienced Philadelphia Business Broker, A Neumann and Associates hold many events and speaking engagements. Topics include what is your business worth, current market trends, best practices and mistakes to avoid as a business owner, buyer or seller, etc. They have write ups frequently in the press communicating helpful advice and expertise to business owners all over the tri-state area. With over 25 years of business transaction experience, 450 nationwide offices and thousands of business valuations and owners serviced, A Neumann and Associates LLC is a leading Philadelphia.

A.N.A New York City Business Broker

New York City, the largest metropolitan area in the United States and home to over 22 million people in the greater area is also the largest commerce center. Based on Census, New York City is home to almost 2 million businesses. It is no surprise that business transactions are common and so is the importance of a New York City Business Broker.

Most business owners only experience one business transaction in their lifetime. Also, most business owner’s have not thought about an exit strategy for their business. Without a plan and without business transaction experience, there are huge mistakes that can be extremely costly and life altering that must be avoided. So what is the solution?

Proper representation by an experienced and reputable firm is the solution. If you are seeking a York City Business , then look no further than A Neumann and Associates. With over 25 years of Mergers and Acquisitions experience and involved in thousands of business valuations, they will assist you from before to often well after a business transaction.

It all starts with confidentiality. This is a critical component of the process to keep everything completely confidential. The next step is a certified business valuation by a third party. It must be a third party to be objective, a business valuation obtained by a party representing the buyer or seller creates a conflict of interest and the valuation may come in high or low. Buyers will not even take a seller serious unless they have a third party certified business valuation. It also justifies the asking price, helps the buyer secure financing and has many additional benefits. 

Many business owners obtain business valuations years in advance, almost like a business scorecard or snapshot of their current standing in the industry and use the information to improve the value and salability of their business. Savvy business owners use the analysis of value drivers in the business valuation to significantly improve their standing in the industry. Value drivers impact not only the value, but salability of a business. Improvements on value drivers and minimizing negative value drivers instill comfort and confidence in business buyers that the business will sustain and even improve operations, profit and value going forward.

Most businesses without proper representation from an expert New York Business will not sell. And if they do, they are often leaving a lot of money on the table, agreeing to non-favorable terms, paying way too much in taxes, etc. A Neumann and Associates offers free confidential consultations to review your current standing, future plans and goals. Structuring the deal properly is critical to meeting goals and since business owner’s usually only sell one business, they can’t afford to make mistakes.

As a leading business broker firm in the New York City and tri-state area, A Neumann and associates has built it’s reputation on excellent customer service. Their testimonials from happy clients speak volumes about their expertise, professionalism and a New York City business brokers firm that you can trust.

Effective Store and Retail Displays Can Help Increase Sales

When someone travels into a comfort store, they want it to live up to its name and have all available in a place that is suitable for them. Purchaser does not want to walk up and down row after unorganized row searching for something unsophisticated. Using the right type of store displays can increase sales with return customers who panegyrize the ease with which they can shop.
One of the most vital comfort store displays is the refrigerated food case or effective retail displays. This type of product displays allows the owner to showcase whatever wear item they would like their customers to buying on an exclusive day. It can also help promote sales by holding ready-made bags and purses, allowing customers to get in, get their thing and get back to work.
The retail displays is one of the facilitated store displays that is not only advisable, but can add to the species of the store. They are attractive and include comfortable sign holders so that purchaser knows exactly what they are seeing. The broad opening allows them to keep any number of products with easy access for the purchaser.
A freestanding display pause is something that all shop needs in order to have the most versatility with their display cases. These racks can hold anything that produce, and make it easy for purchaser to simply hold whatever it is that they want. These comfort store displays are especially useful because they can be moved around the shop whenever the owner wishes to change the look.
The retail displays may look small, but they can have a strong impact on sales at any shop. This little shoe displays fit nicely next to any store displays and can hold small items such as kid’s shoes, bags and other accessories. This impulsion purchase may not be what the customer came in for, but they will feel that they need it as soon as they see that it is available for them.
When it comes to choosing facility store displays, it is vital to choose a variety of shapes and sizes that will accomplish a variety of purposes. A small shoe display on the counter could lead to more impulsion sales while a simple store displays could help sell far more products during the busy hour. Variety is truly the solution to putting together a great display in any simple store; The Cnsdisplays.com also prevents the variety of products and has provided a broad range of retailers with one of the greatest selections of the most popular merchandise display tools in the industry.