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Quick Facts

Quick Facts. SAP Project Implementations. Success Story. SAP Retail for. The Customer Next Retail India Ltd,. A Videocon Group Company engaged in the business of Retail of Consumer Electronics with the tag line of “India’s Largest Electronics Showroom”

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Quick Facts

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  1. Quick Facts SAP Project Implementations Success Story SAP Retail for The Customer Next Retail India Ltd,. A Videocon Group Company engaged in the business of Retail of Consumer Electronics with the tag line of “India’s Largest Electronics Showroom” NRIL has presence across India with around 400 Outlets of own and franchisee and selling all known brands such as Videocon, Philips, LG, Samsung to name a few. Unique Requirements Monitoring Profitability across all levels Better Financial Management Quick Response to Business Changes Reduced Inventory and Procurement Cost Integration of all lines and areas of business Better control on working capital Credit Limit Management at all levels Site wise expense controlling Faster Stock Turn Nil Stock Outs Alert mechanism for slow moving stocks Automatic pricing based on stock levels More stringent credit control Automatic monitoring of fund flow The Challenges No homogenous software platform Obsolescence and Excessive stock levels impacting the bottom line Information on customer trends, buying patterns etc Pricing Pattern changes Availability of critical MIS Island based legacy system Proposed Solution: SAP Retail with PoS Integration SAP implementation Success Story…..

  2. Quick Facts Success Story …… It Delivers SAP Project Implementations Outcomes • Monitoring profitability at all levels • Better financial management • Integration of all functions to achieve business objectives • Quick response to business change • Enhanced control Procurement & sales process • Reduced inventory and procurement costs • Integrated process with customer orders • The business processes across all the organizations were heterogeneous. Now they have become homogeneous and integrated. This has led major process improvements and rationalization in various business segments. • Release Strategies have helped to control the procurement and thereby the inventory levels • Credit management has established control over the working capital deployment and has improved the cash flow • Sales officer is now well equipped with information of products, prices, present status of the outstanding. • Central Master Data Governance has ensured clean and genuine masters in the system • Cross functional integration in logistics and finance has improved efficiency eliminated non value adding activities and has made all information a unique source and version of truth • All the business locations spread over country are now connected and are carrying out their business through a single integrated system • New GL features are being used with parallel ledgers and document splitting by Business Area and Profit Center • Maintenance of Credit control management by each product line and location • Using Rebate Module which was developed to receive and give Rebate offering based on off-take and accruals for a period and or product category and with retrospective effect. • Integrated view of business; strategically, tactically & operationally • Highly interactive analysis of business data • Highlights critical areas for speedy action SAP implementation Success Story…..

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