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The ever growing and dynamic retail
industry today mandates retailers to have a
sound strategy and robust business model. IT
is proven and accepted widely as a key enabler
for a retailer to run his business successfully
and scale to new heights. But given the facts
of high cost of owning retail management applications,
larger implementation time frames and availability
of very highly skilled personnel sets back retailers
to continue to live with their challenges like
long queues in the billing counters, outdated
stocks, growing inventory, low conversion of
sales against high footfalls, incompetent pricing,
inaccurate information and many more.
While there is a high demand for
software based solutions to solve a growing
retailers perennial business challenges, cost
of deploying such solutions is still remains
an area of combat. PRIL a forerunner in providing
retail management applications with its decade
plus of experience has evolved a new “Integrated
Retail Business Solution” (IRBS) by combining
its proven retail store solution with SAP’s
industry solution for retail (ISR).
IRBS is a solution bundle architected
to meet the need of a growing retailer thriving
to streamline business operations in line with
industry best practices and achieve strategic
business goals as planned. IRBS is a wise combination
of SAP’s ISR and Retail Excel to automate
retailer’s business operations at global
standards and best practices within their cost
estimates and timeline.
IRBS enables retailers to efficiently
manage their back end functions like Merchandising,
Procurement, Replenishment, and Pricing and
Re pricing, Warehousing and Finance through
SAP’s ISR and the complete instore requirements
like Point of Sale, Inventory Management, Loyalty
Program and Promotions through Retail Excel.
This model brings down the cost of ownership
for the retailer and demands less of in house
infra structure to manage his IT investments.
PRIL’s Retail Excel is a
robust and comprehensive application suite that
embodies the mandatory functionality of a typical
business while providing ample scope for configuration
and customization to each retailer's business
needs also is certified by SAP as “Powered
by Net weaver” for its integration capability
with SAP ISR. PRIL’s XF a standardized
integration framework helps Retail Excel get
integrated with SAP ISR seamlessly at highest
level of precision and control at a lesser time
frame.
The Retail Excel (RXL) application Store Back
Office Module at Store would be used for performing
back-office activities like Goods Receipt, Intra
Store transfers and Stock Takes so that the
store inventories are always updated with latest
stocks and the RXL-POS application would be
used for performing the billing operations based
on these inventories. Since the initial master
data and trigger of inward stock transaction
would be controlled from Head office therefore
the stores would have to be simultaneously integrated
with SAP ISR solution.
In the integrated scenario the
SAP ISR system would provide the basic master
data to RXL-POS along-with Purchase Order and
Dispatch Notes to perform the Goods Receipt
and Inward Stock transfer whereas RXL would
provide the consolidated sales and the stock
transactions carried in RXL to SAP ISR system.
The sales carried out from RXL-POS application
would be consolidated on the end of the day
and would be uploaded to SAP ISR whereas all
the stock ins and the stock rejections carried
out from RXL-Back office would be uploaded to
SAP ISR on a transaction by transaction basis.
I
- Adoption of Industry best practice at affordable
cost.
- Low cost of Acquisition compared to other
scenarios.
- Solution form Single Vendor with Domain
Expertise.
- Faster Rollout.
- Easy Maintenance.
- Business Scalability at Negligible IT Investments.
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