Abstract:

The retailing sector because of its unique characteristics and its environment is in great need of information. This need is greater as the risk is greater. Small retailers are facing greater risks and, therefore, their need for information is also great. Retail Information Management Systems (RIMS) is an answer to information needs and risk management. RIMS has an internal and an external component. The internal component is composed of six separate information units. RIMS produces three different outputs, standard reports, answers to specific questions and special assessment and evaluation.