About this Presentation
Titan Jewelry is a division of Titan Industries, the largest jewelry retailer in India, and part of the Indian TATA group. Titan Jewelry embarked on a Viable Vision (VV) project, with the goal to sustain their status as an ever flourishing company. The challenge lies in exploiting the main constraint of any retailer – the traffic in stores, while increasing inventory turns. This translates to improving the merchandise effectiveness: having the right inventory in the right store at the right time. The more effective the inventory , the less inventory is needed to support the current level of sales. The more effective the inventory the better we can exploit the current traffic. The unique nature of the jewelry industry is discussed which includes sales distribution over time having a long tail. A process for addressing the head, the body and the tail of the distribution is provided. An update of this presentation was given in 2012.
What Will You Learn
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