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Accenture (News - Alert), a global management consulting, technology services and outsourcing company, has been selected by Bharti Retail Limited, a wholly owned company of Bharti Group, to implement SAP (News - Alert) solutions.

With the solutions, Bharti Retail, which currently operates 212 neighborhood stores and compact hypermarkets across 11 states in India, expects to efficiently plan, monitor and track the flow of merchandise and information throughout its supply chain.

Accenture will also implement advanced analytics, planning and financial solutions from SAP, to improve the speed of reporting across the organization. This will provide Bharti Retail with actionable business insights and lay a foundation for better decisions for operational and business planning.

“The retail industry today is facing challenges of poor consumer sentiments, supply chain inefficiencies and rising costs,” said Raj Jain, MD & CEO, Bharti Retail Limited, in a statement.

Jain hoped that Accenture's systems integration capabilities and deep retail industry knowledge, combined with its understanding and experience in implementing SAP solutions, will help the company simplify and strengthen the efficiency of the company’s business operations and support the efforts to rapidly scale up the company’s business.

Avinash Vashistha, chairman and managing director for Accenture India said retailers need to create better business insights and become more dynamic and agile in order to compete as a high-performance organization.

Vashistha said that using advanced analytics and implementing a central planning platform will provide Bharti Retail the insights, flexibility and transparency it needs in its IT operations and supply chain, thereby helping the company to streamline its operations expenditure and improve its profitability.