Write the benefits of RIS.

1.	Write the benefits of RIS.
Answer» A good RIs system does real time collection of data and organizes it in a way which is useful at several levels: 1. It also ensures the integration of retail management plan. 2. It supports the supply chain and thus helps in avoiding stock out situations. 3. It helps in customer satisfaction through smooth functioning. 4. It helps in collecting the raw data and converting it into usable information. 5. This decreases the response time to customers requests. 6. It helps in supporting strategic decision like customer loyalty programs.

Answer»

A good RIs system does real time collection of data and organizes it in a way which is useful at several levels:

1. It also ensures the integration of retail management plan.

2. It supports the supply chain and thus helps in avoiding stock out situations.

3. It helps in customer satisfaction through smooth functioning.

4. It helps in collecting the raw data and converting it into usable information.

5. This decreases the response time to customers requests.

6. It helps in supporting strategic decision like customer loyalty programs.

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