Monday, December 03, 2007

Leanest Inventory Management Practice in Retail

Not too long ago, I was listening to a captivating talk by Rajeev Karwal, CEO of Milagrow and one of India's most prominent names in Retail. Rajeev was talking at IIT Madras, and his argument was why and how the small retailer will continue to thrive in India.

Well, my wife and I were at a shopping complex here in Chennai and we stopped at a footwear shop. My wife picked up something that caught her attention, which was fancy looking footwear on display. She wanted to try it out, and so she asked for the second piece of the pair ( not a different pair but the left foot one, while the right one was in her hand).

The shopkeeper cum salesman stepped out, walked out to a shop across the lane and then appeared back with the left foot fancy chappal and gave it to her. "It was on display in my brother's shop", he said matter-of-factly.

Think about that. He did not even have one pair of chappal but half a pair. We heard about back-to-back ordering etc but no one ever boasted of selling stuff, with half a unit in inventory, and still doing spot delivery on demand. Cool!


Test

3 comments:

Sara said...

Yes,these local dukanwaalas are amazing..ask them if you have this in blue..behenji just wait..and they will shoot out a lazy boy in some direction and he returns with the right item..no bar code scans..no rfids!!Mybe I should blog about this experience too.

AlfredM said...

Hey, sry this comment is not regarding this post. I saw your comment on digital inspiration.
You wanted to know if you can transfer posts from blogspot to hosted WP.

The new blogspot allows you to transfer all your posts with your comments to your own WP in less than 5 min. Just use the export option in the admin area.

I did this for my mom saltandspice.blogspot.com to saltandspice.org

Hope it helped. You should have some contact details on your blog, lol

Regards
Alfred
http://alfred.co.in

Rajesh Kumar said...

Thanks alfredm, really appreciate.