What is use of Information Technology in Retail industry?

[pramitsingh30]

Hello member,

Can anyone tell me What is use of Information Technology in Retail industry? and how its help to Retail industry?

 

[vinod_gupta34]

Hello member,

Can anyone tell me What is use of Information Technology in Retail industry? and how its help to Retail industry?

Information Technology in Retail industry : ~ Over the years as the consumer demand increased and the retailers geared up to meet this increase, technology evolved rapidly to support this growth. The hardware and software tools that have now become almost essential for retailing can be divided into 3 broad categories:

Bar Coding and Scanners
Payments
Internet

Bar Coding and Scanners : Point of sale systems use scanners and bar coding to identify an item, use pre-stored data to calculate the cost and generate the total bill for a client. Tunnel Scanning is a new concept where the consumer pushes the full shopping cart through an electronic gate to the point of sale. In a matter of seconds, the items in the cart are hit with laser beams and scanned. All that the consumer has to do is to pay for the goods.

Payments : Payment through credit cards has become quite widespread and this enables a fast and easy payment process. Electronic cheque conversion, a recent development in this area, processes a cheque electronically by transmitting transaction information to the retailer and consumer's bank. Rather than manually process a cheque, the retailer voids it and hands it back to the consumer along with a receipt, having digitally captured and stored and image of the cheque, which makes the process very fast.

Internet : Internet is also rapidly evolving as a customer interface, removing the need of a consumer physically visiting the store.