The Retail Lab is a realistic point-of-sale facility run by THI in which specific measures for strategy implementation such as multi-sensory interfaces, visual merchandising, security systems and in particular multi-channel management can be illustrated vividly and geared towards practical application.
Aims and Idea
Our room design enables students to experience key Industry 4.0 retail processes. In addition to illustrating retail-related elements, the Retail Lab also enables work to be carried out on current research issues and practical projects in collaboration with corporate partners. In this way, the Retail Lab allows underlying theory to be linked to exemplary applications and practical experience, while also laying the foundations for ongoing applied research and collaborative projects with retail and industry.
Lab equipment and activities
- Shop fitting / shelf construction
- Alternating merchandise
- Multi-sensory interface system
- Lighting system
- Security system
- Air curtain system / air conditioning technology
- Lecture room with presentation technology
The wide range of equipment ensures an exceptionally vivid and hands-on educational experience, thereby providing a practical basis for understanding the application of strategy in retail. The impact of selectively deployed instruments can be experienced directly and also investigated by carrying out studies. Business aspects such as identifying cost savings are illustrated based on concrete modules.
The three pillars of the concept:
- Theoretical basis
- Point of Sale – the retail experience
- Applied research
Focus areas:
- Strategic management
- Multi-Channel management
- Retail 4.0
Projects forming part of the lecture programme:
- Retail work experience: focus on automotive retail. What do customers of the future want?
- Floor mapping - customer-oriented design of sales areas and shelves
- Market research
Other activities:
- Seminar and bachelor's degree assignment
- Guest lectures and expert panel discussions
Procurement
- Optimising stock planning before public holidays
- Purchasing organisation
- Purchasing potential analysis in retail trade
- Optimising repair logistics in CE retailing
- Value management in fresh goods
Logistics
- Store process Analysis
- Stocks after public holidays
- Transport logistics digitisation
- Distribution 4.0 – a customer-oriented perspective
- Order-picking layout design
- Value Chain Smoothing
- Delivery service as a performance factor
- Logistical efficiency and new listings
- Minimising wasted space between racks in a high-bay warehouse
- Safety stock optimisation
- Rotating stock optimisation
- Publications in the "Lebensmittelzeitung" (German only)
Marketing
Multi-channel and omni-channel management
Assortment management
- Lighting – Turning stores into stories
- Multi-sensory retail marketing
- Visual merchandising
- RFID
- Security systems
- Digital signage / digital media & POS
- Multi-channel management