Monday, August 28, 2017

Choose The Right Fire Extinguisher For Your Retail Business

Every office, enterprise and multi-complex structure must have fire extinguishers of suitable type to prevent major fire, reduce its impact and avoid loss of human lives and properties.

As cause of fire can be different, fire extinguisher types and sizes too can vary. Fire can happen due to faulty electrical circuits, inflammable chemicals or gases, defective machinery or equipment, human errors or unknown natural cause. As per the government regulations, every industry, irrespective of its size and nature, and building – commercial or residential complex - must have standard fire protection equipment.  

Tuesday, March 14, 2017

Millennium India Receives Best Partner Award from Honeywell

Chennai, India, March 14, 2017: Leading POS technology provider Millennium Soft-Tech India has bagged the “Highest Growth Partner Award for 2016” from multinational conglomerate Honeywell India.

The award was presented to Millennium India, a pioneer in introducing Point of Sale (POS) technology products in India, at the recently held ‘REIMAGINE 2017 Leadership Forum’, an annual partner conference hosted by Honeywell Safety and Productivity Solutions, in New Delhi.

Honeywell India team presenting the award to Mr Bhaskar Venkatraman at the REIMAGINE 2017 Leadership Forum event held in New Delhi. Millennium Director V Nandakumar (second from right) also attended the event.

The event was held in an effort to unite top leaders from Honeywell's strong network of channel partners and distributors in India.

Commenting on receiving the coveted award from world’s leading engineering giant, Bhaskar Venkatraman, the CEO and Director of Millennium India said: “It’s a great honour to receive from the technology major with whom we have more than a decade of successful association. Honeywell, with their innovative and customer-centric products, has played a key role in automating retail sector in India.”

“With diversified industrial automation products, Honeywell has broken into many applications simplifying several core operations. For Point Of Sale applications in particular, Honeywell has been offering wide array of technology products which have revolutionised several core industries like healthcare, automobile, hospitality, retail businesses, food and beverage, transport and logistics, to name a few. We look forward to have even more stronger ties with Honeywell in the years to come and would like to see the Brand becoming synonymous with every retail business,” he further said.



For retail and non-retail sectors focusing point of sale and other applications, Honeywell has been the leader in providing several innovative hardware products like area imager scanner, barcode scanner, barcode printer, POS hand held terminal, laser scanner and linear imager scanner.

The partner conclave was a unique opportunity for Honeywell India business leaders and its partners to make deeper connections within the business and new relationships among its broad partner network, a top Honeywell official said.

Round table discussions, industry presentations, and networking sessions were attended by key customers, partners, and top SPS India and global leaders at REIMAGINE 2017 Leadership Forum in India.

PR appeared on:

http://eprretailnews.com/2017/03/13/0913445-millennium-india-bags-best-partner-award-from-honeywell/







Tuesday, February 28, 2017

How to Get Ideal POS System for your Retail Store


Point Of Sale (purchase) (POS) is the hot seat of any retail business. More the customers at POS mean more business growth! But can retailers retain customers using traditional mean of operations?  

You may bring customers, but they may desert you if you don’t provide efficient check-out system and friendly staff. Customers these days least preferred to wait (waste time) at POS counters to pay bills after spending (enough) time in selecting their merchandise. Modern technology has paved the way to treat customers for easy checkouts, whether at POS or at anywhere in the store.

POS can Automate Retail Pharmacy Business to Improve Sales


Retail Pharmacy business in India is highly fragmented and dominated by several mom and pop drug stores. Though some leading players in the market such as Apollo, MedPlus and Religare chain of Pharmacies are leading the organized retail side of the pharmacy business in India, it is still a long way to go for retail pharmacies to engage modern POS technology and become organized to improve sales & customer satisfaction.

Point of Sale (POS) technology, which helps retailers of various businesses to automate their daily operations such as regular billing, inventory monitoring and management, optimal staff utility, customer relation management, and several other back-end operations, can be more rewarding for retail pharmacies as it takes over several mundane works effortlessly and improves operational efficiency.

Mobile Payments may Overtake Physical Cards in 2017


Driven by the much-talked about Demonetization by the Government, the Digital and Mobile payments will overshadow cash or card payment practices as the predominant cashless payment mode in India by 2017, according to Deloitte India in its recent report - Technology, Media and Telecommunications (TMT) Predictions 2017. 

Mobile payment, unlike card swiping process using magnetic card readers kept at the Point Of Sale counters of retail stores, uses one’s own smart phone through which a customer pays his bills using either a mobile wallet application or through electronic money transfer, which are safe and secure. 

Post Demo, India Emerges Top Destination for mPOS Services

Globally, Mobile Point of Sale (mPOS) service has become a highly competitive market with the presence of a large number of players making it difficult for them to set their service apart, according to Transparency Market Research (TMR).

With their innovative efforts and technology, VeriFone Systems, Ingenico S.A. and PAX Technology have been regarded as the leading mPOS service providers in 2015. They have made huge investments to make mPOS available across major smart phone operating systems - iOS, Android and Windows. Additionally, VeriFone and other leading names are spending significantly to improve their customer engagement methods and practices.

How to Keep your Store Mobile-Friendly

As smart phones making a huge impact on millions of Indians with host of life-easing features, businesses take a leap to promote their interest using the advanced features offered by mobile technology.


When we look at the customers at retail stores in major cities, they are increasingly using smart phones to make their shopping experience at Point of sale counters hassle-free, unique and fast. Be it scanning the QR codes/barcodes printed on eatables, comparing price list of various items from nearby stores or paying bills through mobile wallets, shoppers enjoy every bit of their shopping, and so the retailers.

Friday, February 24, 2017

Retail and Warehousing Attract More Investments from PE Funds: Anuj Puri

Anuj Puri
Anuj Puri, Chairman and Country Head of JLL India, a leading market research analyst, speaks about the growth of Indian retail, logistics and warehousing sectors, investment scenario and impacts of government’s policies on the sectors in 2016. Excerpts…

  • What are investment options Retail, warehousing and logistics sector offer to Overseas and PE funds in India?


Anuj Puri: Apart from the favourite asset classes of office and residential, private equity (PE) has been taking increased interest in warehousing, logistics and retail real estate. PE investors and overseas developers are already looking at opportunities to enter India’s industrial and warehousing sector by investing in various development projects.

Investors from other nations, in general, and Asian countries such as China, Japan and Korea, in particular, have shown a lot of interest industrial development projects. A few key announcements that show their increasing interest are: 
·      
  •    ‘    Wanda Industrial New City’; Dalian Wanda Group
  • ·         Industrial Parks by China Fortune Land Development Company Private (CFLD)
  • ·         Development of smart cities by ZTE Corporation
  • ·         Neemrana Japanese investment zone
  • ·         Mandal Becharaji, Japanese investment zone
  • ·         SUPA, Japanese investment zone
  • ·         Chinese industrial zone in Vadodara
  • ·         Ascendas-Singbridge exploring multiple portfolios of industrial and logistics parks across India.


  • What will be the impact on logistics and warehousing sectors when GST becomes a reality?


Anuj Puri: With the implementation of Goods and Service Tax (GST), warehousing and logistics’ spaces will start to see a consolidation of assets. Unlike earlier (small assets in various states), developers will focus on the development of large-scale, technologically advanced warehouses. 

Such assets will attract private equity (PE) investors, since they can deploy a larger amount in fewer assets, making monitoring easier. If they perform well, such assets can even fetch a better valuation when monetising through REITs or other ways.

  • How do you find the demand for commercial retail assets in 2016?


Anuj Puri: In the past few months, key leasehold retail assets across the country have come on the PE radar. A few reasons include well-managed Grade-A malls starting to enjoy better occupancy with rent escalation on the cards, after a lull of six to seven years. Such well-managed assets/ entities will attract investor focus.

A few key deals seen in 2016 were:

  • ·         GIC bought a 50% stake in Viviana Mall of Sheth Developers in Mumbai
  • ·         Blackstone acquired the retail portfolio of Alpha G Corp through an entity level deal
  • ·         Blackstone has progressed well in acquiring a stake in the retail assets of L&T in Navi Mumbai
  • ·         Blackstone buying 50% stake in Pune’s Westend Mall


  • What are the impacts of Government’s recent regulations on retail sector?



Anuj Puri: Leasehold retail property usually has a higher probability of success as the developer is actively involved in the key functions of mall management, especially tenant management. Various new regulations like easing foreign investment for single-brand retailers, longer shopping hours and an updated framework for establishing Real Estate Investment Trusts (REITs) have attracted the attention of various private equity funds like Blackstone, Xander, GIC, Morgan Stanley, towards the Indian retail real estate sector. 

Various retail mall developers are also looking to sell their existing retail assets and raise funds for expansion.

Thursday, February 16, 2017

Mall Owners Find New Way to Bridge Rental Loss

As commercial real estate growth remains sober in cities across India leading to high vacancy levels in Malls, space owners these days adopt new strategy to bring tenants to cover rental revenue loss.


As per the new trend, retailers agree to pay less monthly rental but part a percentage of their monthly sales revenue to the shop owners. However, in the absence of a reliable real time sales data capture system, retailers show tweaked sales data to pay low rent to the owners thus causing huge loss to the later.


But with the availability of new POS software to capture real time sales data from shops, mall owners sitting at remote place don’t have to need to worry over rental loss. Not only this! They can use these data to find seasonal footfalls, popular merchandise, peak time sales, customers’ shopping pattern and behaviour, and host of other information.

Monday, January 30, 2017

Get the Best Mobile Payment Terminal for Smooth Transaction

With government insisting banks to provide two million more card swiping machines by March 2017 to tide over the cash crunch triggered by demonetization drive, the demand for payment terminals among small and medium retail stores has gone up sharply across India. 

The worst hits are, however, the small and medium traders, who are finding hard to retain customers due to acute cash shortage after government had announced demonetization of higher order currencies in November last year. The Government wants merchants to transact using card swipe machines, but the non-availability of such machines has put them in tight spot.

On an average, retailers lose 30-50 per cent of sales/business daily due to non availability of mobile payment terminals or card swiping machines as customers now increasingly prefer cashless transactions using credit/debit cards and mobile wallets. 

Finding hard to source payment terminals locally, private and public sector banks are looking for suppliers outside India with China becoming the most preferred destination to get mobile card payment terminals. 

Taking advantage of the impending huge market, mobile wallet payment companies such as Paytm, Freecharge, Easycharge M-swipe and Paynear are vying customers to buy their payment terminals to solve their payment acceptance crisis.

Paynear, for example, has invaded the market with its unique hand-held payment device, which can be used by any retail outlets to collect payment by way of cash or card. The Hyderabad-based company has claimed that through their machine, any bank card can be used to transact, withdraw money (as it acts as mini ATM as well), track sales, monitor inventory, buy bus tickets, and have hordes of other functionalities, all these for just a few hundred bucks and without any monthly subscription.

The app-based mPOS card reader can also work as Point of Sale (POS) device for small, medium and large retail enterprises as the payment terminal helps for easy checkouts, efficient customer relation management, astute sales promotion, etc to give customers a unique shopping experience.

Paynear payment terminal is also wi-fi enabled which can be connected to any Android or Apple smart phone. One has to download Paynear free app to connect the payment terminal for immediate transaction in three easy steps, says an official from Paynear.

The payment terminals are now available at Justransact.com for online purchase.

Sunday, January 29, 2017

Convert your Grocery Retail Shop into a Supermarket


Are you losing customers to the nearby supermarket or departmental store just because they are more organized, customer friendly and efficient in handling peak hour rush? 

By having an efficient Point of Sale system (technology) and arranging merchandise in orderly way, your grocery or kirana store too can easily compete with a supermarket.

You don’t need to have an extravagant space and swanky interiors with spacious car parking. A simple Point Of Sale system can make your customers happy as they don’t want to waste time in your stores for buying a few items.

Again, it is a myth that these POS systems will make a big hole in your pocket and also incur month-on-month expenses. Contrary to these claims, POS products along with suitable retail grocery software are affordable and one-time investment which can be recovered within two or three months. 

Unless you opt for a Cloud POS system, where you need to pay server maintenance and service charges to the provider every month, these POS terminals are pay and own type.

Customers expect end-to-end, seamless and enjoyable buying experience. For this, you should have a suitable, dependable and advanced Point Of Sale (POS) solution (hardware and software) for grocery retail business including kirana stores, supermarkets and hypermarkets.

POS Technology can Transform your Restaurant Business!


As the owner of a quick service restaurant, you have plenty of decisions to make. Right from deciding menu, managing inventory, sales to engaging staff and adjusting their work schedules, you have enough on your platter. Plus you are constantly on the go and any wrong or delayed decision will ultimately affect your bottom line. So, it’s pretty risky business indeed.

But there is a breather. Modern Point of Sale technology with tailor-made restaurant POS software has made it possible that you can take some vital decisions based on concrete data and relax.

Big food-chains have already been using this aggregate data to make crucial business decisions. As a small and independent restaurant owner, you might think automating these talks would be expensive and require specialized training in data analysis. But things are not same anymore.

Tuesday, January 24, 2017

After Jallikattu, Leaderless TN Youth Seek to Unite under One Banner

The recent upheaval at Chennai’s famed Marina Beach and other parts of the state by agitating students, who virtually kept the state administration under siege with a single demand of reviving the age-old bull taming event “Jallikattu”, can be viewed as a strong emergence of dominant student force in the state against such common issues.

Thousands of people joined students at Marina and other places in Tamil Nadu to air their dismay against the ban on “Jallikattu,” orchestrated by People for Ethical Treatment of Animals (PeTA), asking Central and State government to take steps to revive the event from this year’s Pongal festival.

The annual event, which has been held for thousands of years on the second day of the harvest festival Pongal (Mattu Pongal), was banned by the Supreme Court in 2014 saying that event accounts to astute cruelty on animals.

Spread by messages by a few students through Twitter, Face Book and Watsapp to assemble at Marina Beach for a simple sit-in protest on January 15, the place witnessed historical gathering amounting to more than five-lakh people including students, parents, villagers and office goers, who wanted government to bring in an emergency ordinance to hold the event.

Not even in Tamil Nadu, the entire Tamil Community across the world including in the US, UK, Sri Lanka, Australia, Canada, Singapore and Malaysia expressed their support to Jallikattu and joined hands to protest against PeTA’s move to make native bulls extinct and promote Western breeds in India through Jallikattu ban.

It was the great effort by the students, who did not represent any political organization nor allowed any politician or film personality to hijack their seven-day old peaceful protest, which caught the attention of the world and media that praised them for keeping the event peaceful while putting pressure on the government to bring in a permanent solution to conduct the event year after year.

Peaceful Protests Turn Violent

The government finally succumbed to the popular demand and promulgated the ordinance on January 23 which was made as a Law in the state assembly.  However, the seven-day peaceful protest turned ugly on Monday with police resorting to baton charge, fired gunshots  in the air and threw teargas shells on agitators, who became violent when police tried to remove them forcefully from Marina after they were asked to leave peacefully.

Hundreds of people, including students and police, were injured in the incident. The students were preparing to celebrate their success with a 500kg cake on Monday, when the cops asked them to vacate the venue, it is reliably learnt. It was highly unfortunate that many innocent boys and girls got injured who had congregated for a peaceful demonstration.

Had the government informed the students about the impending Bill and discussed the content of it when it was notified on January 21, the matter would have been ended peacefully. Call it miscommunication or deliberate attempt by some miscreants who wanted to hijack the real cause of the agitation, it is highly unfortunate that the ‘leaderless’ agitators finally had to call off the strike after a bloodbath and arson.

Headless and Powerless

Though students have shown exemplary courage and restraints to protest against Jallikattu ban, they were handicapped by not having a strong leadership to take their demands through proper channels to the government, bureaucrats or media. They should have united under a single banner with members drawn from each college in the state.

Every college can send five student members to the Federation every year on rotation, who represent and fight for a cause of public interest. They can even register the federation and fight the local election. In such case, their unity would be strong and member should be guided by bylaws to prevent infringements which can dilute the very base of the organization.


With people pouring on Tamil Nadu roads for a common cause, it can herald a new beginning of a strong and corruption-free state dominated by youth power.

Thursday, January 5, 2017

Efficient POS can make foodies crave for you

Hospitality industry is one of the fastest growing parts of Indian economy contributing over six per cent to the national GDP and over 8 per cent to the total employment. The Industry, which is currently valued at USD 136 billion, is expected to climb USD 275 billion within a decade, according to a government data.
Classified into two segments – Tourism and Hotels, hospitality industry’s key success remains in “efficient” handing of customers and pampering them with more facilities.
Advancement in technology and customers’ constant nudge for better treatment and facilities has changed the industry for good making it an entirely client-driven industry. Using an advanced Point of Sale technology at sales counters can lessen a number of painful and time consuming front-end and back-end operations in hotels, food courts, restaurants and casinos. Gone are the days when people used to have only cash register to account cash for the service offered.

Tuesday, December 20, 2016

Faye Brings Exquisite Designer Outfits for Little Fairies

BANGALORE: To capitalize the rising demand for kids' designer label in India, Faye, an exclusive fashion brand for little girls, has forayed into this un-tapped segment with a wide range of elegantly designed dresses solely for girls aged between six months to 10 years.
The designer wear market for kids is taking wings and Faye, as an upcoming fashion label for little girls in India, has introduced an elegant and chic collection of party and occasion wear for fledgling fashionistas. Faye is an aspirational brand focusing only on dressing up little girls.
"Faye was launched as an exclusive designer label for little girls in 2011 and has been unveiling ready-to-wear apparels for different occasions. Designer wear for kids is a new concept which is now gaining grounds across major Indian cities. The market is rife with untapped potential in this segment and sensing this huge demand, we have introduced elegantly cut and styled dresses for the little divas to suit any occasion," says Jose John, Founder and Director of Faye.
"Parents don't hesitate to give the world to their children today. With more disposable incomes at hand and having kids later in life when they are more financially stable, parents are able to meet the demand of their beloved child," he says.

Excite your Diners with New Tablet POS

As one of the most vibrant industries which has seen unprecedented growth in the recent years, Food and Beverage (F&B) in India continues to expand rapidly due to changing demographics and increasing double and disposable incomes coupled with urbanization and transformation of organized retail sector.

According to a government estimate, Indian F&B service industry, which is currently valued at Rs 2,04,438 crore, is expected to reach Rs 3,80,000 crore by 2017. Dominated primarily by traditional players, F&B sector has grown over the years giving rise to exciting new concepts in offerings and innovative service elements.

Consumers have given thumps up to quick service restaurants, casual dining, fine dining, cafes, making this segment a huge revenue spinning sections for Food and Beverage industry with Quick Service Restaurants and Casual Dining Restaurants alone constituting more than 77 per cent of the overall market share.

Retailers scramble to install POS machines to stay in business

As India is moving closer to cashless economy after the government’s historic decision on November 8 to demonetize higher denomination currency, the recent announcement to exempt excise duty on Electronic Data Capture (EDC) machines, also known as Point of Sale (POS) machines, has made retailers scramble to install POS machines at their billing counters to accept plastic money. 

Several public sector and private banks have decided not to levy transaction charges on card payments, which will further encourage small and medium retail business to go for digital payments through EDC. 

POS machines are used for cashless transactions, both for making payments or as money vending machines to disburse cash in large retail businesses like Big Bazaar. 

Move to POS to Deck-up your Furniture Store

Selling office and home furniture in a physical retail store and managing operations seamlessly in multi-store environment has became simple and easy, thanks to new Point of Sale (POS) technology, which can be tailor-made to enhance your furniture business.

With a simple iPad, hand-held POS or desk top computer system with a printer, you can take care of the entire store from managing stocks, sales and customer footfalls to staff performance, purchase and so on.

On sales point of view, at POS counters or anywhere in the furniture shop, you can just select the furniture your customers want to buy on the iPad screen, swipe their debit/credit card, and then email or print them the receipt. 

Some of the POS hardware devices that are useful for a furniture business include: Receipt printermodular POStablet POS or MPOSbarcode scannerbarcode printerlabel printermagnetic stripe reader, and cash drawer.

Wednesday, November 23, 2016

How to Choose Right Mobile POS for your Business

Finding a right mobile point-of-sale (mPOS) solution for your business needs often require proper guidance. Since options are many, retailers often find themselves doing an exhaustive research to find a suitable mobile solution for their POS counters.

 
This decision-making process, however, can be less agonizing if they focus on a few explicit areas. These are some factors which should not be compromised when finalizing an exact mPOS solution for a particular business.

Security: Payment security is one of the most critical factors to analyze while introducing latest technology to your business. It can be said that this is the most important factor you should consider for getting a comprehensive mPOS solution. Care should be exercised that even if you have the most expensive, innovative and showy hand-held POS devices with payment processing system, it won’t serve you if it isn’t secure.

Demonetisation: Kirana stores and Tea shops may soon swipe cards

The demonetisation of high denomination currencies, which is intended to check black money, hawala transactions and fake currencies in India, is believed to be the step closer to make the country less dependent on cash, and increase card transactions in small retail business establishments like tea shops, saloons, kirana stores and even paan shops in the coming days, experts say.


Smaller currencies are in demand now as Rs 500 and Rs 1000 are no longer welcome for pubic transactions. Roadside shops such as tea stalls or snacks corners are finding difficult to part with liquid cash of lower denominations to customers and are hence losing business.

Embrace POS technology to enhance your textile business


The Indian textiles industry, which includes apparels and other finished and unfinished garments, are growing rapidly and is expected to value US$ 223 billion by 2021 from the present US$ 108 billion. The second largest employer after agriculture, having over 45 million direct workforce and 60 million people working indirectly, Textile Industry contributes about five per cent to the country’s Gross Domestic Product (GDP).

Technology and growing demand for improved shopping experience from young Indian shoppers are the trend setters for the industry to grow at phenomenal pace. Technology has indeed changed the way traders these days complete their transactions. 

Making Inroads into Healthcare Services through Barcodes


Barcodes are ubiquitous these days and the ever-expanding healthcare industry is no exception to this trend. In other words, the introduction of barcode technology has indeed helped the industry in India to improve its service quality and safety standards.

According to a senior official from Zebra Technologies, the leading makers of Point of sale receipt printers, barcode scannersbarcode printersmobile printers, etc to retail and non-retail industry, the usage of barcode has gone beyond its traditional retail applications and has now entered into newer markets.

How to Engage your Customers at Point of Sale


Satisfying customers and bringing them back to your stores is a daunting task.  Businesses work hard and spend every moment to understand customers’ pain-points for better customer management. Happy customers, however, are the ambassadors for brands.

Understanding that (unhappy) customers seldom let retailers know about their bad experience, businesses across the world have embraced modern technology to gauge their satisfaction levels using a few techniques like installing ‘feedback monitors’ at Point of Sale (POS) counters or engaging them through various social media tools.

Improve your E-commerce Business with Scalable Logistics Service


A good logistic support and supply-chain management is the backbone of any business involving manufacturing or supplying of goods. According to a market research, India is currently spending a whopping 14.4 per cent of its GDP on transportation and logistics related services compared to eight per cent by other developing nations. 

With GST round the corner and expected to be implemented from 2017, the logistics market in India is likely to grow at a CAGR of 12.17 per cent by 2020, largely driven by the growth from e-commerce sector followed by retail and manufacturing sectors.  The boom in e-commerce sector has far reaching implications on the growth of logistics sector, as dependable logistics infrastructure is crucial for success and sustainability of these firms.

Monday, October 24, 2016

Beware! Your Cards can be Hacked at ATMs and POS Terminals

Credit Card Fraud

With the recent reports of data breaches from ATMs involving over 3.5 million debit cards in India and banks rushing to block as many number of cards, warning bells should ring aloud for those who frequently flash their plastic cards anywhere and anytime to shop, specially at unauthenticated or unsecured point of sale or payment terminals.

The incident also threw open a serious debate on how far our ATMs and Point of Sale payment structures are safe when malware experts adopt all new techniques to export vital credit/debit card details from POS terminals to their far exist servers.

Though it is still not clear that how much money was siphoned off from card holders’ account and how banks are going to compensate customers, it is however, clear that debit and credit card holders can’t sit back and relax now.