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Customer Service: Delivering the ‘WOW’ Experience When it is business that one is talking about, there is just one God - that is the customer. A business concern’s primary duty is to look after customer satisfaction. It must provide the customer...

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How to Sell Your Products through an E- Commerce Strategy? We are living in a world that is tuned to being superfast. Every little aspect of our daily life is made to depend on machines and the Internet. Therefore, there is no way as to why marketing should be...

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Consumerism and Recent Trends In India   Consumerism essentially means the growing wants and needs of an individual for goods and services. India is one of the largest and fastest growing economies in the world. The consumer’s standard...

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How to Achieve Profitability In Retail Profit is one of the major catch words in business. A business, that guarantees everything, but does not make any profit, is not a business at all. Therefore, profitability in retail is an essential aspect...

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How to control shoplifting-the-deadliest-erosion-of-margin? The Scenario   In a self-service modern retail, as per reports from experts, the loss from retail shrinkage accounts for 2 % of total revenue.Retail shrinkage is a reduction in inventory (physical...

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Customer Service: Delivering the ‘WOW’ Experience

When it is business that one is talking about, there is just one God – that is the customer. A business concern’s primary duty is to look after customer satisfaction. It must provide the customer with an experience so good and satisfying, that the customer is bound to return time and again to the same brand.

Whether it is the stress of the competition or a desire to profit more and more, for some reason, businesses have somehow forgotten what their main focus should be. The customer under all circumstances must be the main focus of any business – big or small. Some people forget about the customer service while competing with other businesses and cutting down prices like there is no tomorrow.

Hence the important thing to keep in mind to survive in such cut throat competition is to actually look after the customer. In other words, a business concern must be customer- driven. That will definitely give the business an edge of its own.

The ‘WOW’ experience of the customers can be brought about after following a couple of simple steps.

Many business concerns only satisfy their customers. And customer satisfaction is not enough to make the customer come back. It is the duty of the business concern to give its customers an experience that they shall cherish. One should simply delight the customers beyond words. That is what will guarantee, the loyalty of the customers as well as in flow of new customers all the time.

A concerned and customer driven business house establishes a relationship with the customers. They actually ask the customers about their needs. This not only helps the customer to express their latent needs as well, but also it enables the company to modify its products or introduce new products accordingly, thereby guaranteeing greater customer satisfaction. Such methods of strengthening the seller-customer relationship are extremely important.

A customer driven organization would go beyond its way to create a product. They think out of the box to add to their products everything that their customer can possibly expect. They strive hard to surprise the customer with their thoughtfulness. The difference between these organizations and others is that, the latter simply gives the customer what they need while the former actually goes to the extent of understanding the customer’s psyche, and give them even that, which they had not expected.

While some organizations try to cut down the number of complaints, business organizations driven by customers, try to generate compliments from the customers. The organization strives to bring out the ‘words of wonder’- the ‘WOW’ experience.

The company has to be unconventional to generate successful ‘WOW’ experiences. Their products, marketing strategy has to be out of the box. The company must be able to tie up its customer in an emotional bonding with itself. Knowing their customers in and out should be the prerogative of a company that wishes to be driven by its customers. The ‘WOW’ of the customers, can guarantee many WOWs from the competitors.

 

How to Sell Your Products through an E- Commerce Strategy?

We are living in a world that is tuned to being superfast. Every little aspect of our daily life is made to depend on machines and the Internet. Therefore, there is no way as to why marketing should be left out from the cyber world hence, the birth of E- Commerce.

Naturally, a question arises. What exactly is E- Commerce?

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Consumerism and Recent Trends In India

 

Consumerism essentially means the growing wants and needs of an individual for goods and services. India is one of the largest and fastest growing economies in the world. The consumer’s standard of life is going higher and hence his needs are escalating as well. Consumerism in India, is in a new high, and refuses to show signs of budging anymore. The Indian consumer, due to his exposure, of the global market, strives to get the best of the goods in his home land.

Consumer tastes and preferences are definitely changing. Even children have their own preferences. The retail sector- both organized and unorganized, strive hard to cater to the vast range of the Indian consumers. The retail sector in India, with its present pace, is expected to grow at a rate of 25%- 30% annually.

 

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How to Achieve Profitability In Retail

Profit is one of the major catch words in business. A business, that guarantees everything, but does not make any profit, is not a business at all. Therefore, profitability in retail is an essential aspect of each and every business. However, achieving profitability can sometimes be quite a challenge in this competitive market. If we keep a few tips in mind, we can actually make the job easier and a little more comfortable than usual.

Introducing technology can reap harvest that is unimaginable. A machine to manage the total inventory, not only saves time, but also increases accuracy of the work. The time saved can be devoted to increasing the business prospects.

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How to control shoplifting-the-deadliest-erosion-of-margin?

The Scenario

 

In a self-service modern retail, as per reports from experts, the loss from retail shrinkage accounts for 2 % of total revenue.Retail shrinkage is a reduction in inventory (physical and book) due to shoplifting, employee theft, paperwork errors and supplier fraud. The shoplift alone accounts for more than 50% of retail shrinkage.

According to retail experts the most effective anti-shoplifting tools these days are CCTV and the tag-and-alarm systems, better known as electronic article surveillance (EAS) systems. Separately, these are good options. Used together, experts say, they're almost unbeatable.
 

RFID EAS Technology: How it works?

 

The Radio Frequency Identification based Electronic Article Surveillance (RFID EAS) is the most popular technology in EAS system. The advantage of RF EAS system is mature, high availability, and cost effective. It is independent of the point of sale and inventory software.
 
EAS system consists of
  • Electronic Sensors (AKA detector, eas gate etc)
  • Deactivator System (AKA detacher, deactivator etc) and
  • Label or Tag. (AKA hard tag, soft tag, reusable tags etc)

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RanceLab® awarded as specialized solution provider for Retail and F&B

The event, NASSCOM Emerge Kolkata 2012, was an initiative by NASSCOM, held on 12th January, 2012 at Hotel Hyatt Regency, Kolkata.

The theme for the event was Sustain Your Business will focus on customers, employees and competitors.
 
Key takeaways from the event
  • Knowing the opportunities in different international markets
  • Finding and keeping the right talent
  • Understanding the customer needs
  • Sustain your business with cutting edge technology
  • How to generate revenue in the world of free
  • Brand building

The event, followed by NASSCOM Emerge East Showcase, where contribution from various companies was appreciated and awarded.

RanceLab® has been chosen as a Software company from East India, focused and specialized into Retail and F&B verticals

Mr. Nilesh Shah (Director), receiving award from Shri Partha Chatterjee, Hon'ble Minister, Department of Commerce & Industries & Information Technology of the Govt of West Bengal at NASSCOM Emerge Kolkata 2012.

How to build a scalable Quick Service Restaurant (QSR) model in 3-4 months?

Everything in life has become fast and quick. We need to speed up our internet connection, we need the latest and fastest mobile phones, the shortest way to get to a desired destination and so on. Similarly, nowadays entrepreneurs are also looking to build scalable quick service restaurants because it is exciting, quick money and fast service with high returns.

Quite a few people have engaged in this kind of business for some time now and there are others who are planning to launch their debut role in this sector. Mr. Kiran Nadkarni, the CEO of Kaati Zone is a fond and popular name in the food circle. His journey was not all that easy as it may seem at the moment.

And now the latest news that seems to be doing the rounds is that Mukesh Ambani, the owner of the oil and gas giant has entered into a deal with Rishi Negi, the COO of Fame India which is partly owned by Mukesh’s younger brother, Anil Ambani for starting a new QSR concept within 3-4 months.

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How to print barcode using raw EPL?

As you might have noticed that 90% of the fast moving consumer goods (FMCG) already come with the product barcode printed on it. These barcodes are called UPC, EAN or GS1 barcode.  These barcodes make it easier to handle the SKU at receiving end and point of sale.For the SKU which does not have the pre printed barcode, you need to print barcode labels using a “barcode printer” to make a faster and error free billing at cash counter.

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Change Coins in Retail Shops

Most fortunes are built on innovation. Innovation has always been a vehicle for growth of humankind. Businesses have also advanced and grown on original ideas helping the innovators to greater fortune. On the other hand, before implementing these innovations a lot of thought should be given to the feasibility of the idea.

Let us consider the tale of a businessman who observed that the business was paying 10-20% more to buy changes and coins. At the same time it was essential to have them for efficient running of the business. Then he came up with an idea.

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Pizzas And Second Innings: An Inspiring Story

Pizzas. The very word throws us into a images of dripping cheese, a carnival of flavors and a stream of adorable aromas. That is the aphrodisiac for us, the contemporary generation; better known as GenY or GenX. The food of the western world has long taken the place of our parathas and kulchas. Sometimes, our generation is more defined by our continental and oriental and Italian and Mexican platter than anything else. And somehow, we can never imagine these cuisines being associated with the people from the generation before us. That will be purely unthinkable and quite a ridiculous prospect.

Hence when we hear anything that remotely sounds like pizzas by grandpa and grannies, we pinch ourselves just to make sure we are not dreaming. But well, nothing is outside the realm of impossibility. And well, pizzas by grannies and grandpa, as improbable as it may sound, are quite a lethal combination. The uniqueness of the combination is the USP of such a concept.

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