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Retail Store Management




                    Notes


                                     Lab Exercise  Go to website http://www.emeraldinsight.com/learning/management_
                                     thinking/articles/pdf/etailing.pdf and gather information on the past, present and future
                                     of retailing.

                                   Self Assessment

                                   State whether the following statements are true or false:
                                   13.  E-tailing is the selling of retail goods on the Internet.
                                   14.  Graphic presentation and aesthetics may be as compelling for a web site as in case of a
                                       physical retail store or a product catalogue.
                                   15.  The customer is always unjustified in being concerned with the security of the transaction
                                       data provided in an online transaction.





                                     Case Study  Andalusia Cash and Carry Hardware and Lumber
                                                 Store Point of Sale (POS)


                                            ndalusia Cash and Carry Home and Hardware Store Implements Hardware Store
                                            POS to Enhance Communications with Suppliers, Increase Pricing Flexibility and
                                     AImprove Inventory Control.
                                     Business Needs
                                     Andalusia Cash and Carry and Luverne Cash and Carry are hardware and building material
                                     stores located in Alabama. Having been in business for over 40 years, Cash and Carry
                                     used to manually process their transactions on a daily basis and struggled with the lack of
                                     control over inventory, pricing, accounts receivables/payables and credit card processing.
                                     They didn’t have real-time insight and couldn’t accurately forecast to improve their
                                     profitability.
                                     Cash and Carry has three locations; Andalusia, Luverne and Greenville. Each of these
                                     locations processed over 100 transactions a day by hand. This manual process was extremely
                                     time consuming, inaccurate, and didn’t allow for much pricing flexibility. Cash and Carry
                                     provides hardware products to both consumers and contractors and needs to price products
                                     based on a number of discounting levels, but their manual processing was holding them
                                     back. Depending on who was entering the sale, customers or contractors might not get the
                                     right price, causing discounting variations and unhappy customers.
                                     Solution
                                     In 2009, Cash and Carry started the search for a solution that could help them process
                                     transactions electronically and keep inventory information updated. Cash and Carry was
                                                                   ®
                                     impressed with Microsoft Dynamics  RMS and System Solutions from the beginning.
                                     Microsoft Dynamics RMS had a Windows based user interface that everyone could easily
                                     understand. Support was also high on the list of priorities.

                                     Implementation of Microsoft Dynamics RMS at Cash and Carry took less than 30 days and
                                     they’ve been reaping the benefits ever since.
                                                                                                         Contd....



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