Why is Retail Management important? MITSDE

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Why is Retail Management important? MITSDE

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About Us
Retail Management is an art that includes the
formulation of apposite strategies to bring
customers into the store and to make buying as
well as selling of products a seamless process..
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Advantages of Good Retail Management

• 1.  Customer satisfaction
• The biggest advantage of retail management is
  customer satisfaction. Efficacious planning and
  management prevent the situation where the
  customers need to be kept waiting. Even if there
  are a lot of people in the store, as in case of
  festivities, managing the orders is the key to
  success. It is the task of retail manager to
  ensure that the customer executives assist the
  customers and attend everyone properly.
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• 2. Hassle-free shopping
• It helps the customers to find all the
  products easily in the store. All the products
  are arranged properly by categorizing them
  according to their price, quantity, brand etc,
  so the customers can easily find the desired
  products in no time. The retailers wont even
  need to get up and fetch the product for their
  customers. Just the way a customer feels
  satisfied after a good shopping experience, it
  also helps in saving the retailers time.

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• 3. Prevents unnecessary chaos and shoplifting
  activities
• Proper Retail Management prevents a lot of
  unnecessary crowd and chaos in the shop. The
  customers enter, pick up their favorite products,
  pay the bills and leave with a smile. Thats an
  example of effective retail management. This kind
  of management also keeps a check on the
  shoplifters.
• 4. Proper accounting
• When the retailer maintains a database where
  everything from all that was brought into the
  shop for sale to all that was sold is mentioned,
  it makes the daily calculations and accounting
  less complicated and accurate.

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• 5.  Well-organized store and inventory
  management
• In case of proper retail management, various
  shelves on which the different categories of the
  products are placed, are well labeled. This
  allows the buyers to locate the products all by
  themselves. Furthermore, it ensures that the shop
  is well stocked. The customers should never be
  told that the particular product is out of stock
  at any point of time as that allows them to go to
  other stores.

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Conclusion

• Retail Management is imperative in the modern
  context as there is stiff competition in the
  retail sector. Thus, it becomes essential for all
  the retail stores to hire Retail Managers who can
  apply their skills and take the businesses
  towards success.
•  In such a scenario, a course in Retail
  Management can prepare you to shine in this
  ever-rising sector. MIT School of Distance
  Education offers 18-months PGDM in Retail
  Management that sharpens the candidates skills
  in marketing, strategy planning, brand
  management, supply chain and other aspects
  related to retail.
• Our distance learning course gives you a
  competitive edge that facilitates you to make
  your spot in top companies.

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THANK YOU !!
Website https//www.mitsde.com Toll-Free
No. 9112- 207 - 207
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