Explain various functions of Merchandise management system. Seeing the growth of retail industry, it can be safely said that future of MMS is bright in India. Comment upon this statement

Retailing Company has 4 principal Tasks involving merchandise:
a) Procurement
b) Storage
c) Distribution
d) Sales
And all of the above 4 tasks are directly or indirectly supported by the MMS in conjunction with Point of Sale, Financial / Accounting package, Customer Loyalty programme. For a retailer to run his business without MMS would means, flying a plane without any instrumentation panel. MMS provides the required guidance through its reporting capabilities inbuilt into the software. For addition KPIs, retailer typically invests in more robust Business intelligence tool. Following are the various functions/features of
Merchandise Management System (MMS) in retailing:
a) Product Definition
b) Location Hierarchy
c) Merchandise Calendar (Time zones)
d) Placing the order _________ _____ ________ ______ ____ _______ ______.
_______ ___ _______ _______ ___ _________ _____ ____ _________ ______ _______.
_________ ________ _______ __________ ____ _____ ___ __________ _________.
_____ ____ __________ ________ ______ ______ ________ __________ __________ ________.
____ _____ ________ __________ _________ __________.
_________ _____ _________ ______ ________ _______ ____ __________ _______ ______.
________ __________ _______ ____ _____ _____ ________ _________.
_________ _____ ________ _______ ________ ______ _________ _____ __________ _____.
_______ ___ ________ _________ ____ ___ _________ ________ ____ ________ ______.
_______ ___ ________ ________ _______ __________ ________ ________ __________ _______ _____ __________.
____ ___ ________ _________ ____ ______ ____ __________ _______ ______.
_____ ____ ___ ______ ___.
_______ ___ ______ _____ __________ ___ __________ _____.
__________ ___ ____ _____ _____ ________ ______ _______.
___ ___ _________ __________ ________ ______ ___ _________ ________ ______ __________.
___ _________ ____ __________ _____ ________ ____ _______ __________ ____.
_______ ________ __________ _________ __________ __________ _______ ________ _____ ___.
__________ _______ ________ ________ __________.
_______ ________ ________ _______ ______ ________ ______ ______.
__________ _________ ________ ________ ___ __________.
____ _____ _________ _________ ____ ___ ________ _____ _______ ___.
________ ___ _______ _______ ______ _____ ______ __________ _____ ___ _____ ____.
_____ __________ __________ ____ _______ _________ _________ ___ ____ ______.
___ __________ _________ _______ __________ ___ _______.
_______ __________ _________ _______ ____ _____.
________ __________ ______ _________ _______ _______ _____ _______ ___ ________.
______ ________ _____ _____ ____ ________ _________ _____ ____ _________ ________ __________.
___ ____ _______ ___ ____ ________ __________ _____ ___ ________ ___.
________ ___ _______ ______ ____ ____ ________ ____ ______ ____ ________.
__________ ______ ___ _______ ____ ________ _____ _______ _______ _______.
___ ______ _____ ___ ________.
_____ ________ __________ ____ ______.
_____ ____ _________ _____ _________ __________.
___ ____ _____ ___ _______ __________ ____ _______ ___ _____.
_____ ________ ____ _________ _________.
_______ _________ ________ _____ ____ _________ _____.
________ __________ ____ _____ ________ ___ __________ __________.
__________ _____ ___ __________ _____ _________ _________ ______ ____ ____ _________.
______ _______ ________ __________ _____ _________ ________ ___ __________ __________.
________ ____ __________ _____ __________ _________ __________ ___ _____ ________ ____ ________.
_________ ________ ____ __________ _______ ________ _______ ____ _______ __________ _________.
________ ______ ____ _____ _________ ________ _______ ___ _________ ___.
_____.
Get Full Answer on WhatsApp