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Self Checkout Systems for Retail Market -India & Middle East

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Vinesh Pazhukkadakkandi

When a consumer enters a supermarket/retail outlets/Malls he has to spend a lot of time waiting in the queue for checkout. There is an overwhelming need for businesses to value customers time and install more efficient checkout systems to improve the efficiency of queues and waiting lines.Here the proposed product will enable a consumer or buyer shopping in a retail shop/mall/outlets self-shopping so that he can do his own billing the products he bought using self-checkout machine.Here we are targeting at Retail market focusing Malls/Super markets/Retail Outlets focusing India & Middle East market.Customers want fast checkout systems. Retailers are always searching for ways to improve store checkout systems. Super markets in India & Middle east are not equipped with self-shopping facility. This gives us a unique opportunity in positioning the product into the target market.

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B-Plan template by EMINENT IT INNOVATIONS & DEVELOPMENT PVT LTD One line business description: We provide online tools,products,services and solutions as per the customer requirements targeting both domestic and international markets. City: Trivandrum,Kerala Stage: Early Revenues Type of business: B2B & B2C Website url: http://www.eminentconsultingservices.com Contact Person: VINESH P E-mail id: pvinesh@gmail.com Mobile:+91-9539072227
B-Plan template by Product / Service When a consumer enters a supermarket/retail outlets/Malls he has to spend a lot of time waiting in the queue for checkout. There is an overwhelming need for businesses to value customers time and install more efficient checkout systems to improve the efficiency of queues and waiting lines. Here the proposed product will enable a consumer or buyer shopping in a retail shop/mall/outlets self-shopping so that he can do his own billing the products he bought using self-checkout machine. Here we are targeting at Retail market focusing Malls/Super markets/Retail Outlets focusing India & Middle East market. Customers want fast checkout systems. Retailers are always searching for ways to improve store checkout systems. Super markets in India & Middle east are not equipped with self-shopping facility. This gives us a unique opportunity in positioning the product into the target market.
B-Plan template by Team Our current team size is 6 including the founder and co-founder. Our core team consists of 2 programmers , 1 graphic designer and 1 Project manager. The founder is having 15 plus years of experience in IT industry with different verticals. The founder is involving in the overall operations like marketing and operations. He is the CEO of the company. The co-founder has 10 plus years of technical experience in IT industry. She is heading the technical division of the company and CTO of the firm. The Project Manager is having 7 plus years of technical experience in the IT field who is heading our technical team. Project Manager is reporting to CTO of the company. We hired the programmers as freshers.We imparted training to them and completed 2 years in our company. The graphic designer has got 5 plus years of experience in the field. Programmers and Graphic designer is reporting to the project manager of the company.
B-Plan template by What is the size of the opportunity By 2015, the total market size is estimated to be around USD600 billion, thereby registering a CAGR of 7.45 per cent since 2000. Retail industry is expected to grow to USD1.3 trillion by 2020, registering a CAGR of 9.7 per cent between 2000-2020 India is the fifth largest preferred retail destination globally. The country is among the highest in the world in terms of per capita retail store availability. Between FY09-13, organised retail in India witnessed a CAGR of 19-20 per cent . Organised retail is expected to account for 24 per cent of the overall retail market by 2020. In Middle East , the retail sector is the second largest industry in the oil-rich GCC region, and is considered to be the most favoured means of endorsing diversification and continual economic development in the area. In 2011,the number of luxury outlets in the world increased by 14% according to a report by the consultancy Ledbury Research quoted in the Financial Times, while in the UAE the number of luxury stores increased by almost 50%. (Source:IBEF & Ledbury Report)
B-Plan template by What is the size of the opportunity Retail Stores by numbers- Source IBEF(India Brand Equity Foundation)
B-Plan template by What is the size of the opportunity We are targeting at Retail markets focusing Malls/Super markets/Retail Outlets focusing India & Middle East market. We will be conducting test marketing of the product in the selected outlets in the selected cities for 3-6 months after Beta release of the product. The plan of action for 24 months is give below: Initial 3-6 moths - Beta release of the product. Next 3-6 moths Test marketing of the product in the selected super markets/malls/Outlets in selected cities. Next 24 moths Selling of the product starts in India & Middle east markets
B-Plan template by ABOUT THE PRODUCT: The proposed product is a technology product with 2 versions : A stand alone machine which enable a consumer visiting the super markets/mall self shopping so that be can scan the products using the POS machine and pay using the machine. There will be wireless enabled POS which will enable the consumer scan the product and pay the bill using the machine. We will be developing the software for the product to be integrated in the hardware
B-Plan template by PRODUCT FEATURES: Barcode Reader with Photo-identification of the products. Custom feature for touch interface with electronic barcode integration. Application software. Inventory Management. Touch Screen Interface POS machine for Cash Transactions Payment either through pre-paid card or debit/credit cards.
B-Plan template by PRODUCT VERSION-1
B-Plan template by TECHNOLOGY FOR PRODUCT VERSION-2
B-Plan template by Business model e.g. how do you plan to make money? We want to follow 2 business models: A) Price per product piece. Rs 500,000 per piece(proposed) B)On SAAS model Billing. Monthly billing per consumer or product sold. The bills are calculated at each month end and will be collecting by first week of next month. The customer can choose any of the above mentioned business model as per their convenience.
B-Plan template by Competitive landscape At present there are no self checkout systems for Retail markets in India & Middle east. This gives us a unique opportunity to position our product in India & Middle east. This opportunity will help us become a dominant in the market within the next few years after the introduction of our product in the market.
B-Plan template by Your goals Initial 3-6 moths - Beta release of the product. Next 3-6 moths Test marketing of the product in the selected super markets/malls/Outlets in selected cities. Next 24 moths Selling of the product starts in India & Middle east markets Next 2 years Mass production of the product. Next Five years Will be achieving the break even and become profitable. Current achievements / status: Identified some potential customers in India and Middle east for the product.
B-Plan template by Funding objective The amount we required :- Rs 50,000,00 ( 50 Lakhs) The above fund will be utilized for the following: A)Technology for the development of Hardware and software Man Power Technical Man Power Marketing Marketing Activities -1)Test Marketing 2)Product launch in select cities 3)Advertisements 4) Product promotion campaigns 5) Aggressive Direct Marketing Activities. We raised Rs 700,000 from from Kerala Financial Corporation(KFC) under Kerala State Entrepreneur Development Mission (KSEDM) scheme of Kerala Government. We raised nearly Rs 600,000 personally for the company during the period 2014-2016
B-Plan template by Funding objective -Proposed Cost TECHNOLOGY 25,00,000 MANPOWERTECHNICAL 5,00,000 MANPOWERMARKETING 5,00,000 MARKETINGACTIVITIES 15,00,000 TOTAL 50,00,000
B-Plan template by Funding objective- Proposed Revenue(India & Middle East combined) EXPECTEDRESULTS YEAR 1 YEAR2 CUSTOMERSREGISTERED 50 100 %OFREGISTERED CUSTOMERSWHOBUY THEPRODUCT 25% 50% NO.OF CUSTOMERS WHOBUYTHEPRODUCT 12.5 50 REVENUE PERSALE 500,000 500,000 TOTALREVENUE 6,25,000 25,00,000
B-Plan template by Thank you!!!!

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Self Checkout Systems for Retail Market -India & Middle East

  • 1. B-Plan template by EMINENT IT INNOVATIONS & DEVELOPMENT PVT LTD One line business description: We provide online tools,products,services and solutions as per the customer requirements targeting both domestic and international markets. City: Trivandrum,Kerala Stage: Early Revenues Type of business: B2B & B2C Website url: http://www.eminentconsultingservices.com Contact Person: VINESH P E-mail id: pvinesh@gmail.com Mobile:+91-9539072227
  • 2. B-Plan template by Product / Service When a consumer enters a supermarket/retail outlets/Malls he has to spend a lot of time waiting in the queue for checkout. There is an overwhelming need for businesses to value customers time and install more efficient checkout systems to improve the efficiency of queues and waiting lines. Here the proposed product will enable a consumer or buyer shopping in a retail shop/mall/outlets self-shopping so that he can do his own billing the products he bought using self-checkout machine. Here we are targeting at Retail market focusing Malls/Super markets/Retail Outlets focusing India & Middle East market. Customers want fast checkout systems. Retailers are always searching for ways to improve store checkout systems. Super markets in India & Middle east are not equipped with self-shopping facility. This gives us a unique opportunity in positioning the product into the target market.
  • 3. B-Plan template by Team Our current team size is 6 including the founder and co-founder. Our core team consists of 2 programmers , 1 graphic designer and 1 Project manager. The founder is having 15 plus years of experience in IT industry with different verticals. The founder is involving in the overall operations like marketing and operations. He is the CEO of the company. The co-founder has 10 plus years of technical experience in IT industry. She is heading the technical division of the company and CTO of the firm. The Project Manager is having 7 plus years of technical experience in the IT field who is heading our technical team. Project Manager is reporting to CTO of the company. We hired the programmers as freshers.We imparted training to them and completed 2 years in our company. The graphic designer has got 5 plus years of experience in the field. Programmers and Graphic designer is reporting to the project manager of the company.
  • 4. B-Plan template by What is the size of the opportunity By 2015, the total market size is estimated to be around USD600 billion, thereby registering a CAGR of 7.45 per cent since 2000. Retail industry is expected to grow to USD1.3 trillion by 2020, registering a CAGR of 9.7 per cent between 2000-2020 India is the fifth largest preferred retail destination globally. The country is among the highest in the world in terms of per capita retail store availability. Between FY09-13, organised retail in India witnessed a CAGR of 19-20 per cent . Organised retail is expected to account for 24 per cent of the overall retail market by 2020. In Middle East , the retail sector is the second largest industry in the oil-rich GCC region, and is considered to be the most favoured means of endorsing diversification and continual economic development in the area. In 2011,the number of luxury outlets in the world increased by 14% according to a report by the consultancy Ledbury Research quoted in the Financial Times, while in the UAE the number of luxury stores increased by almost 50%. (Source:IBEF & Ledbury Report)
  • 5. B-Plan template by What is the size of the opportunity Retail Stores by numbers- Source IBEF(India Brand Equity Foundation)
  • 6. B-Plan template by What is the size of the opportunity We are targeting at Retail markets focusing Malls/Super markets/Retail Outlets focusing India & Middle East market. We will be conducting test marketing of the product in the selected outlets in the selected cities for 3-6 months after Beta release of the product. The plan of action for 24 months is give below: Initial 3-6 moths - Beta release of the product. Next 3-6 moths Test marketing of the product in the selected super markets/malls/Outlets in selected cities. Next 24 moths Selling of the product starts in India & Middle east markets
  • 7. B-Plan template by ABOUT THE PRODUCT: The proposed product is a technology product with 2 versions : A stand alone machine which enable a consumer visiting the super markets/mall self shopping so that be can scan the products using the POS machine and pay using the machine. There will be wireless enabled POS which will enable the consumer scan the product and pay the bill using the machine. We will be developing the software for the product to be integrated in the hardware
  • 8. B-Plan template by PRODUCT FEATURES: Barcode Reader with Photo-identification of the products. Custom feature for touch interface with electronic barcode integration. Application software. Inventory Management. Touch Screen Interface POS machine for Cash Transactions Payment either through pre-paid card or debit/credit cards.
  • 10. B-Plan template by TECHNOLOGY FOR PRODUCT VERSION-2
  • 11. B-Plan template by Business model e.g. how do you plan to make money? We want to follow 2 business models: A) Price per product piece. Rs 500,000 per piece(proposed) B)On SAAS model Billing. Monthly billing per consumer or product sold. The bills are calculated at each month end and will be collecting by first week of next month. The customer can choose any of the above mentioned business model as per their convenience.
  • 12. B-Plan template by Competitive landscape At present there are no self checkout systems for Retail markets in India & Middle east. This gives us a unique opportunity to position our product in India & Middle east. This opportunity will help us become a dominant in the market within the next few years after the introduction of our product in the market.
  • 13. B-Plan template by Your goals Initial 3-6 moths - Beta release of the product. Next 3-6 moths Test marketing of the product in the selected super markets/malls/Outlets in selected cities. Next 24 moths Selling of the product starts in India & Middle east markets Next 2 years Mass production of the product. Next Five years Will be achieving the break even and become profitable. Current achievements / status: Identified some potential customers in India and Middle east for the product.
  • 14. B-Plan template by Funding objective The amount we required :- Rs 50,000,00 ( 50 Lakhs) The above fund will be utilized for the following: A)Technology for the development of Hardware and software Man Power Technical Man Power Marketing Marketing Activities -1)Test Marketing 2)Product launch in select cities 3)Advertisements 4) Product promotion campaigns 5) Aggressive Direct Marketing Activities. We raised Rs 700,000 from from Kerala Financial Corporation(KFC) under Kerala State Entrepreneur Development Mission (KSEDM) scheme of Kerala Government. We raised nearly Rs 600,000 personally for the company during the period 2014-2016
  • 15. B-Plan template by Funding objective -Proposed Cost TECHNOLOGY 25,00,000 MANPOWERTECHNICAL 5,00,000 MANPOWERMARKETING 5,00,000 MARKETINGACTIVITIES 15,00,000 TOTAL 50,00,000
  • 16. B-Plan template by Funding objective- Proposed Revenue(India & Middle East combined) EXPECTEDRESULTS YEAR 1 YEAR2 CUSTOMERSREGISTERED 50 100 %OFREGISTERED CUSTOMERSWHOBUY THEPRODUCT 25% 50% NO.OF CUSTOMERS WHOBUYTHEPRODUCT 12.5 50 REVENUE PERSALE 500,000 500,000 TOTALREVENUE 6,25,000 25,00,000