Retail industry is growing at fastest rate with increased number of challenges faced by retail. It has become increasingly difficult to adapt to changing business scenarios for retailers who are always looking for new ways to increase profitability. Frauds, including vendor frauds, thefts, shoplifting and inaccuracy in supervision and administration are the challenges that are difficult to handle. Although the challenges of retail are unique, they can be addressed with the right technology that identifies the problems and offers a holistic solution.
Management judgments assume critical importance as customers develop ever higher expectations of competitive price, improved delivery, excellent quality and exceptional performance.