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Project Report on Operations @ Retail

Project Report on Operations @ Retail

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Published by Vamsi
Hello Frds,

Here is Project Report on Operations @ Retail

Rdgs,
Vamsi
Hello Frds,

Here is Project Report on Operations @ Retail

Rdgs,
Vamsi

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Published by: Vamsi on Feb 19, 2009
Copyright:Attribution Non-commercial

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09/17/2014

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2Study of Operations at Retail Industry
Acknowledgement
A task or project cannot be completed alone. It requires the effort of manyindividuals. I take this opportunity to thank all those who helped me complete this project.I express my sincere gratitude to
Prof. Govardhan Jayanthi
for giving us theopportunity to undergo this project. I further thank his for lending a helping handwhen it came to solving my problems related to the project. This project would nothave been possible without his valuable time and support.I also thank 
IFIM Business School
for an opportunity to undertake a Soft skills project at the start of our MBA course which helped us to understand deeply for those topics which are untouched.This project is an attempt to talk about the Scenario of Retailing and its Operationsin India.Any suggestions to improve are always welcome.
 
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2Study of Operations at Retail Industry
Executive Summary
Demographics continue to show a positive report to spur retailing growth. Consumersaged 20-45 years is emerging as the fastest growing consumer group and the mean ageof Indians is now pegged at 27, a mean age that reinforces spending across all theretailing channels of grocery, non-grocery and non-store.The government stance of protecting local retailers and prohibiting 100% foreigndirect investment in retailing continued in 2005, restraining international retailers'entry. However, there was gradual economic reform, giving way to easier and faster franchising agreements as well as the loosening of zonal regulations on retailexpansion, thus stimulating retailing. Non-store retailing is expected to continue its fast-paced growth from a miniscule base. Across all channels, growth in retailing is expected to be boosted heightenedcompetition during the forecast period due to the growing.
 
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2Study of Operations at Retail Industry
Introduction
India’s retail market which is seen as THE GOLDMINE by global players has grabbed attentionof the most developed nations. This is no wonder to the one who knows that the total Indianretail market is US $350bn. (16, 00,000 crore INR approx.) of which organized retailing is onlyaround 3 percent i.e. US $8bn (36,000 crore INR approx).“Retailing includes all activities involved in selling goods or services directly to final consumersfor personal, non-business use. A retailer or retail store is any business enterprise whose salesvolume comes primarily from retailing.” Retail is India's largest industry, accounting for over 10 per cent of the country's GDP and around eight per cent of the employment. Retail industry inIndia is at the crossroads. It has emerged as one of the most dynamic and fast paced industrieswith several players entering the market.The presence of 15million kirana stores brings into light the very fact that the Indian retailindustry is highly fragmented/ unorganized. Retailing in India is gradually inching its waytoward becoming the next boom industry, organized retailing in particular. The whole concept of shopping has altered in terms of format and consumer buying behavior, ushering in a revolutionin shopping in India. Modern retail has entered India as seen in sprawling shopping centers,multi-storeyed malls and huge complexes offer shopping, entertainment and food all under oneroof.The future of Indian retailing may even witness the concept of 24 hour retailing. Even thoughthis concept has been in existence in few retail segments like pharmaceuticals and fuel, it stillremains to be a challenge for other segments like food and groceries, apparel etc to adopt thistrend.Although the organized retailing in India is coming up in a big way, it cannot simply ignore thecompetition from the conventional stores because of various factors like reach, extending creditfacility and other intangible factors like the human touch which are provided only by theconventional stores.

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Jawad Kureshi liked this
nagpalanish liked this
Priyanka Chudhary added this note
plz send me this report my email id pari.abha@ymail.com plz urgent
Nagraj Goud added this note
friends can anyone send this projct as even i am doing project on store operations , nagraj.b89@gmail.com thanxs nagraj
Mónica Lopes liked this
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Sunil Kumar V added this note
can anyone send me this report to the email id: sunil.vsk@gmail.com

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