Challenges in Retail
Retail at VGNC do not mean Large Format Stores & Big Shopping Malls only, but what we mean is the retail activity per se encompassing the entire Supply Chain Mechanism involved in reaching the Product to its final destination of the Consumer.
In this Supply Chain Cycle, Inventory is at the Center Stage around which the entire supply chain activity revolves. This Inventory changes multiple hands before reaching the Consumer and in present industry scenario most of the time the Inventory remains with third parties.
With hard pressed margins in today’s competitive retail markets, timely and comprehensive inventory intelligence and shrinkage management is a critical business asset whereas conducting accurate inventories and adherence to prescribed internal controls, across the entire supply chain is essential to your bottom line.