Dear Rajesh,
Enjoyed reading your article in today’s Business Line , where you write :
· E-tail is different from e-commerce
·
· Clearly, the correct diagnosis is that this important sector lacks recognition. If this is accepted and retail gets recognition as an industry, the treatment becomes simple, effective, result-oriented. Till then, we would continue to see guidelines and clarifications which are like medicines that suppress the symptoms instead of treating the ailment
In this context , you might like my following blog
With regards,
Hemen Parekh / Mumbai
www.hemenparekh.in / www.3pConsultants.co.in
Bypass E : Go from D to F
D = Dumb Commerce > E = E Commerce > F = Future Commerce
That is what Mukesh Ambani is telling the small merchants of West Bengal
Here is how :
Ambani to invest $1.4 bln in Indian state, will help e-commerce expansion
Extract from News report :
Ambani's so-called "new commerce" venture aims to connect small merchants with his retail network and warehouses, helping them better manage their inventory.
It already has more than 500 retail stores in the state, selling everything from clothes to groceries, and the new plan would "increase manifold" its warehouse space in the next 24 months in West Bengal, he said.
The new e-commerce platform " will bring win-win benefits to consumers, retailers and producers " and help 30 million small shopkeepers, Ambani said.
The billionaire businessman has been more vocal about his e-commerce plans after India in December imposed new restrictions on how foreign companies operate in the e-commerce sector. The new rules, which kicked in on Feb. 1, have disrupted product listings on Amazon.com's India website.
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How will he “ better manage their inventory “ ?
On 17 July 2018, in my blog [ MA = DA x 4,000,000 ? ], I imagined Mukesh telling those small shops as follows :
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INVENTORY :
On a continuous basis , our web server will keep a track of each and every item of merchandize sold from your stores
Our Server will calculate , your " Stock Movement "
Based on this data , our Server will compute / set for each item :
# Minimum Stock Level
# Alarm Stock Level
# Stock Re-Order Level
# Re-Order Quantity ( Minimum Batch Size )
Based on this logic , our Server will instruct the relevant " Merchandize Manufacturers " ( or their dealers / stockists ) , to deliver the stipulated " Re-Order Quantities " to your stores
A " Re-Order Instruction intimation " , will get delivered to your computer
Upon arrival , you will need to update the data
From time to time , our Software will also figure out your current stocks of " Extremely Slow Moving " and " Obsolete / Expired " items , and arrange for " Return Delivery " , which you will need to enter in your database
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In what other matters , will he help those small shops ?
My blog lists following other areas where Reliance Retail / Jio , will help those 30 million small shops to bypass E Commerce and directly jump onto F Commerce :
Sales > Supply >
To understand the entire spectrum of Mukesh’s game plan , you will need to look up :
Jio Hubs : Entrepreneurs Apply ……………………[ 19 Sept
Re-defining Retail : Maini and Mukesh ………… [ 30 Oct 2018
Weave a Wondrous World [ W3 ] …………………..[ 20 Jan 2019
Let no one suspect that Mukesh Ambani ( mukesh.ambani@ril.
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