PROJECT- REPORT

PROJECT- REPORT - Chapter 1 - Introduction Retailing is the...

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Chapter 1 - Introduction Retailing is the latest buzzword among Indian businesses. This newest “fad” is getting a lot of high visibility media coverage. Dynamic, young people as well as blue-chip companies are suddenly taking pride in calling themselves “shopkeepers”. Suddenly, this profession is able to attract the cream of talent from our management institutes. Retailing has always been one of the prime sectors of any economy. It has been supported by hard- core brick and mortar business model, where Cash Flow rotates through a large operating cycle and it comprises of different entities. The future of the Retailing will be heavily influenced by technology. It will touch upon all the critical business processes of the retailer. Killer application like RFID will allow customers to make purchases and move away without waiting at the check out counter for payment of bills. We can already feel the presence of Smart Cards, which is used heavily by organized retailer to exercise CRM. We will see increasing usage of Sophisticated IT application in areas like Supply Chain Management, Internal Store Operations and maintaining contact to customer and extending it further to achieve strategic business objectives. This led to the introduction of Retail software. The first and foremost phase of a software development cycle is identification of the business process involved. Business process engineering can defined as an approach for creating an overall plan for implementing the computing architecture. The goals of Business process engineering are to define architectures that will enable a business to use information effectively. Three different architectures must be analyzed and designed within the context of business objectives and goals: Data architecture Application architecture Technology architecture 1
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The data architecture provides a framework for the information needs of a business or business. The individual building blocks of the architecture are the data objects that are used by the business. The data objects flow between business functions are organized within a database and are transformed to provide information that serves the needs of the business. The application architecture encompasses those elements of a system that transform within the data architecture for some business purpose. The application architecture might incorporate the role of people and business that have not been automated. The technology infrastructure provides the foundation for the data and application architectures. The infrastructure encompasses the hardware and software that are used to support the applications and data. Business process modeling includes techniques and activities used as part of the larger business process management discipline.Business process modeling is an activity performed by business analysts within a company. Analysts use BPM modeling tools to depict both the current state of an enterprise and the desired future state. This transformation may or may not require IT developments, although that is common. Change management programmes are also required to put the new processes into
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PROJECT- REPORT - Chapter 1 - Introduction Retailing is the...

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