Course Detail

RETAIL TECH Retail has been fast changing. With new industry technology there are rapid changes happening at retail in terms of becoming faster, better and cheaper. The technologies being widely used in retail are from internet of things , robotics, automation, blockchain and more. In this course we would be highlighting some of the key strides technology has taken in Retail. You may learn from the module how tech has effected consumers making choices, to how supply chain and billing gets affected with the use of technology.

This lesson will teach about how technology has converged to help retail emerge to as new retail. The customers are adapting the technology as and how retail businesses are adapting them and they have been flourising together. Let us learn about how retail has evolved from what it was before.

With evolving retail our consumers have evolved too. Social Media, lifestyle changes all have a deep impact on the way consumers are buying today. This is also supported well with the industries which has expanded the pockets for the consumers like digital payment systems, discounts and cashback etc. Omnichannel has also helped customers to buy efficiently and have prevented loss of sales for the cosnumers. Let us see in this story video how customers are buying today.

Supply chian is like the bloodline to retail. There has to be an efficiency in this to help each and every part work as per the plan. Nowadays with omnichannel and integrated technology retail is much more intelligent and more conducive to the needs of the customers. Here is a story video which explains how retailers are functioning these days to service the new age consumers who are tech savvy and providing them the right products right time using technology.

Digital Payments have increased the pocket size of an average consumer. He has more buying power than ever. Credit cards, digiwallets and online transactions are the new power of buying in the consumers’ hands. In this video we will learn about the various digital payment systems. What they do and how they can help customers in buying.

As more and more companies are focussing towards fintech. More options of digital payment system is coming up. This video lesson will showcase you how digital payments are paving the way for consumers. How it is helping retail industry to sustain and leading it to the growth path.

First part of tech in retail front end is the billing software. There are numerous software in the industry and each provides a series of services, at times going beyond their call of duty as well. For example, there are billing softwares which can manage your complete CRM and there are softwares which can handle the replenishments as well. We would be learning more about them in the next lesson. For the next video, let us learn what is the current basic thing that billing software can help in.

ARS or auto replenishment system is yet another technology which helps retail to manage inventory efficiently. For retail, the stock levels should not be too high or too low. Effective management will happen when you replenish stocks effectively. Lets look at the next video to understand how ARS works in Retail.

This simple video explains a very complex technology called big data, which is widely used in retail. Here you would understand what is big data in simple language. You would understand the use of the big data in retail and how it is being used.