7 eleven stock
DESCRIPTION
about 7 elevenTRANSCRIPT
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7-Eleven Stocks Up on Tech Savvy
Group Members,
V.Pavan
B.Madhav
CH. Prasuna
R.R.R.Atri Kumar
G.V.V.S.Chandra Sekhar
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Introduction• Overview
• About the Company• Total 48000 Outlets
• Why 7-Eleven?• Tanpin Kanri (Item-by-Item Management)• Retailers Initiative
• Inventory Management with Technology Up gradation
• Mobile Operations Terminal(MOT) • MC-300
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• Sharing the data
• 7-Exchange Data System• Web Vendor Terminal
• Latest Technology Improvements • Radio Frequency Identification(RFID)
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7 – ELEVEN STRATEGY
Strategy of 7 – Eleven – “Tanpin Kanri”.
It means item by item management rather than category by
category management.
This strategy boosted up sales in Japan and North America.
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DIFFERENCES BEFORE AND AFTER TECHNOLOGY
SCENARIO BEFORE USING THE TECHNOLOGY
SCENARIO AFTER USING THE TECHNOLOGY
Suppliers used to decide the amount and type of product to be on the shelves
Customers are the one who are deciding the product to be on the shelves
Suppliers used to play the role of order makers
Suppliers now playing the role of order takers
No interaction with the customers High interaction with the customers
No awareness on customers buying pattern
High degree of awareness on customerbuying patterns
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BENEFITS OF TECHNOLOGY
Reduction in inventory
Reduction in stock out situation
Store and warehouse labour reduction
Increase in speed and accuracy
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7 – ELEVEN success
Success of 7 – Eleven lies in the Information use which is a result of
use of technology.
New to taste and new variety of food items are the key to success.
Prediction of sales with high degree of accuracy due to technology.
This helps in reducing the bull – whip effect.
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TECHNOLOGY
• MOT
• MC3000 Colour Handheld Scanner
• RIS
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WHAT CUSTOMERS WANT
• Customers will reward those stores who
know what they want
• Growing competition for convenience stores
• Collection of information on customer preferences
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• Wireless tools used to slash time and labour to count inventory
• Software ordering system for fresh food
• Reduction is risk involved in introducing new products
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SHARING DATA
•7-Eleven Company shares the data through Platform is called the 7 -Exchange.
•EDI
• 7- Eleven Company sharing the data
with Key Suppliers, Like; Anheuser-Busch, Kraft food and Pepsi Co
•7 –Eleven company Exchange the information with small suppliers through web vendor Terminal.
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TRIAL & ERROR• Not all tech Initiatives are succeeded.
• Self-service Checkout
• Virtual Commerce
• RFID
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Goals Achieved
• Collected data item by item, store by store, day by day, while others focused on Point of sale data.
• MOT-allows access to the item information & allows recording of inventory changes.
• RIS-Provides timely sales data which enables each store to tailor assortment to it’s customers.
• 7-Exchange-Collaboration with suppliers by sharing data analysis through this program.
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Software's in Supply Chain Management
• WMS- Warehouse Management Systems• SCE-Supply Chain execution software• SCP-Supply Chain Planning software• TMS-Transportation Management System• MES-Manufacturing Execution System• EWM-Extended Warehouse Management• Some of ERP packages are –WebERP, Tryton,
OpenERP, ERP5, ERPNEXT• Slotting Software-map’s the warehouse and the
velocity of orders and order mixes to calculate the fastest moving items.
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