The Topic Chosen for:-

Modern systems in retail respond to changing demands, which means they can do more than just
control the flow of goods and report sales figures to the head office.

They are also capable of the following:
1. Complex processes that forecast consumer demand while taking into account information
about space and capacity in the supply chain and automatic item planning
2. Price optimization, markdown management, assortment planning, procurement and
distribution processes, goods control processes such as promotions or price reductions, and
accounting for special forms of management such as consignment
3. Integration of all possible distribution channels and decentralized workforce management,
both of which help companies meet the significant challenge of customer retention and thereby
contribute to increased consumer satisfaction.