Over 90 retail and IT professionals shared their viewpoints and experiences at Emerging Technologies & Systems in Retail seminar, organised by Ginni Systems Limited in association with Oracle in Delhi.
Prashant Lohia, CEO of Ginni Systems Limited, discussed about the challenges faced by Indian retail industry and emerging trends. Emphasising supply chain as the biggest challenge in retail, he urged that there’s a need for vendor-managed inventory and also discussed the importance of e-procurement and RFID technology.
Sanjay Sahani, MD, RituWears, emphasised the use of technology in visual merchandising, assortment planning and customer relationship management, while Ram Chandra Agarwal, CMD, Vishal Mega Mart, credited technology for aiding his business in growing from a 200 square feet store to a chain of 80 stores.
Lokesh Agarwal, VP-Operations, SRS Value Bazaar, discussed problems faced in day-to-day operations like multifold MRP changes in same barcode and lack of product standardisation. He recommended eradication of manual interference in purchase order generation as well as in receiving of goods in the warehouse and in large-format stores.
Vikas Wadhwa and Rajat Ratra from Barcode India threw light on new emerging technologies through a presentation showing how the Indian retail system runs, and what are the lacunae in the present system.
The second session commenced with a presentation by Najiah Abide from Oracle India, wherein she discussed ideas to generate more revenues with the use of existing technologies. She provided a brief overview of management of data warehouse and business intelligence, and demonstrated how these tools are useful for the top management of retail companies. N Samba Moorthy, senior GM, Epson India, talked about the new printing technologies that are available for the sector.