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

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

 Sharing the data

7-Exchange Data System Web Vendor Terminal

Latest Technology Improvements Radio Frequency Identification(RFID)

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.

DIFFERENCES BEFORE AND AFTER TECHNOLOGY

SCENARIO BEFORE USING THE TECHNOLOGY Suppliers used to decide the amount and type of product to be on the shelves Suppliers used to play the role of order makers No interaction with the customers No awareness on customers buying pattern SCENARIO AFTER USING THE TECHNOLOGY Customers are the one who are deciding the product to be on the shelves Suppliers now playing the role of order takers High interaction with the customers High degree of awareness on customer buying patterns

BENEFITS OF TECHNOLOGY

Reduction in inventory Reduction in stock out situation Store and warehouse labour reduction Increase in speed and accuracy

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.

TECHNOLOGY
MOT MC3000 Colour Handheld Scanner RIS

WHAT CUSTOMERS WANT

Customers will reward those stores who know what they want

Growing competition for convenience stores

Collection of information on customer preferences

 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

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.

TRIAL & ERROR

Not all tech Initiatives are succeeded. Self-service Checkout

Virtual Commerce RFID

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 its customers. 7-Exchange-Collaboration with suppliers by sharing data analysis through this program.

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-maps the warehouse and the velocity of orders and order mixes to calculate the fastest moving items.