What do you mean by Integrated Retail Execution System? Describe the components of Store Execution System.

A Retail Execution platform combines task management, labour scheduling, real-time KPI and compliance monitoring, learning, and time and attendance functionality, asset management, vendor related and regulatory compliances. Unlike traditional stand-alone solutions that keep data in virtual silos, a Retail Execution Platform provides a comprehensive view of what is happening (or not happening), and more importantly, what should be done about it.For example, if a store is not meeting its sales goal in a specific department, the system can issue an alert and automatically assign best-practice based corrective action. These solutions enable store managers and associates to become more efficient. Thus allows time for areas that are short changed today and focus their attention on the most important things first. With an integrated Retail Execution Platform. There are different types of components for Integrated Retail Execution Platform.

a) Streamline communication: Store Managers now have a single place to access everything they need through an intuitive, calendar-based interface. No more wasting time sorting through multiple communication channels for the latest information.

b) Task Management : The tasks are either one time or recurring. The recurring tasks repeat at a frequency such as Daily, Weekly, Monthly, Quarterly or Yearly. The System creates a calendar of the tasks and shows the responsibility for the execution of each of the task. Some tasks may demand submission of evidence as a proof of execution of task. The features of Task Management System are:
i) Scheduling / Re-scheduling of tasks
ii) Reminders of due tasks by Email / SMS/ Alert
iii) Automatic escalation of delayed tasks
iv) Score Card for the store based on the time and in full compliance ________ ______ _________ ____ ________ _________ ___ _________.
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