PROGRAM - MBA
SUBJECT CODE & NAME - ML0010 –Warehousing and
Supply Chain Management
1. Explain the various categories
of Retail Warehousing.
On the Basis of Product Offerings
In this classification, the
retailers are categorized on the basis of the width (number of various product
lines) and depth (number of various products in a particular product line) of
the products carried by them.
• General
merchandisers:Such retailers carry a broad range of product categories (i.e.,
broad width) although the number ofvarious items in a specific product line is
usually limited (i.e., shallow depth). These are basically small family-owned
stores that are expandingin nature and
CONTACT
US FOR READY MADE SOLVED ASSIGNMENTS
CONTACT
NUMBER : +91 - 8285115522
2. “Customer service is a central
concern of logistics academics and practitioners”. Explain the statement in the light of
priorities and standards of logistics.
Customer Service: Priorities and Standards
Customer service is a
central concern of logistics academics and practitioners. Logistics has to
provide customers what they need and when they need it. All other aspects of
logistics are conditioned by this mission. Improving customer service is the
focus of all logistical studies; they consider satisfying customer needs as the
motivation behind all the activities of a firm.
Customer service as an activity:
All three
dimensions are important to understand what is involved in successful customer
service. Viewing customer service as an activity suggests that it is capable of
being managed. It
CONTACT
US FOR READY MADE SOLVED ASSIGNMENTS
CONTACT
NUMBER : +91 - 8285115522
3. Explain the role of Third
Parties in Increasing the Supply Chain Surplus
Role of Third Parties in Increasing the Supply Chain Surplus
There are a variety of
mechanisms that third parties can use for the growth of surplus.
1. Capacity aggregation: It is the
most common reason for outsourcing production in a supply chain, whereby a
third party can raise the supply chain surplus by conglomerating demand
pertaining to multiple firms and gaining production economies of scale that no
single firm is able to on its own.
CONTACT
US FOR READY MADE SOLVED ASSIGNMENTS
CONTACT
NUMBER : +91 - 8285115522
4. How can Information Technology
be used in Transport Management?
Information technology is getting more and more used
in transport management. Technology usage is featured by different facets,
i.e., using more high-tech carriers that expedite the process of material
handling, using better network systems for monitoring carriers and using
CONTACT
US FOR READY MADE SOLVED ASSIGNMENTS
CONTACT
NUMBER : +91 - 8285115522
5. Explain the various steps
involved in understanding the functional approach to demand forecasting.
The functional approach to demand forecasting comprises six steps:
1. Understand the objective of
forecasting: Majority of
the forecasts are generated on the basis of the support decisions, so the key
step is to specifically classify these decisions. These decisions comprise
• how much of a specific
product to make,
• how much should be the
inventory , and
• how much to order at all.
All the
parties affected in the supply chain decision must be conscious of the
connection between the forecast and the decisions taken. The parties must
individually formulate a general
CONTACT
US FOR READY MADE SOLVED ASSIGNMENTS
CONTACT
NUMBER : +91 - 8285115522
6. Explain the various factors
which influence Network Design Decisions.
Factors Influencing Network Design Decisions
The factors that influence
supply chain network design are classified as given below:
1.
Strategic factors:In the cut throat competition it is important for a
firm to analyse its supply chain network. It has been observed that the firms
that believe in the concept of cost
leadershipgenerally try to locate themselves at long distances (away from
market areas) at a lower cost. Further, the firms following the quick responseconcept try their best to be
located near the market even if the costs are higher because it helps them in
understanding the
CONTACT
US FOR READY MADE SOLVED ASSIGNMENTS
CONTACT
NUMBER : +91 - 8285115522
PROGRAM - MBA
SUBJECT CODE & NAME - ML0011-Buying and
Merchandising
1. Explain the components of
Merchandise budget plan.
Components of Merchandise Budget Plan
The various components of
merchandise budget plans are as follows:
1. Planned Sales and Stock levels:
Planning
sales and stock levels is the first step in the preparation of a sales forecast
for a particular period (say , one season) and for each month in that
particular season for which a retailer wishes to prepare a budget plan. After
this, the retailer should determine the beginning of month (BOM) inventory in
order to specify the desired rate of stock turn for each month of the season
under study . Stock turns or stock turnover is a used to determine how many
times
CONTACT
US FOR READY MADE SOLVED ASSIGNMENTS
CONTACT
NUMBER : +91 - 8285115522
2. “Merchandise buying and
handling is a vital part of implementing merchandise Plans”. Explain this
statement.
Merchandise buying and handling is a vital part of implementing
merchandise plans.
This is a step by step
process and involves the following stages:
(i) Collecting information
about vendors
(ii) Selecting vendors
(iii) Evaluating merchandise
(iv) Negotiating quality and
commercial terms with vendors
(v) Order planning and
buying merchandise
(vi) Receiving and stocking
merchandise
(vii) Re-ordering
(viii) Re-evaluating
product, commercials and vendor performance
These steps are explained in
detail below:
1.
Collecting Information: This is the first step of merchandise buying and
handling process. Once the firm’s overall merchandise plans are defined, exact
information about the current
CONTACT
US FOR READY MADE SOLVED ASSIGNMENTS
CONTACT
NUMBER : +91 - 8285115522
3. Explain the different phases
for selection of vendors.
Phases for Selection of Vendors
Vendor selection process is
a time consuming task.
The following are the four
phases involved in a typical vendor selection process:
1. The Survey Phase:
The survey phase is the
first phase which encompasses the following:
(i) Identification of
potential suppliers
CONTACT
US FOR READY MADE SOLVED ASSIGNMENTS
CONTACT
NUMBER : +91 - 8285115522
4. Explain inventory turnover
ratio and its importance.
Inventory Turnover
Inventory turnover ratio is
one of the most important ratios in the line of retailing
that not only shows the
health of a sound business but presents a view of how
a business is operating
efficiently .
Inventory Turnover
Inventory turnover is a
ratio of the total cost of goods sold in a year to the average inventory level
in rupees. The benefit of using this ratio is to know how quickly the retail
store is getting its inventories and how quickly the sales are taking place.
CONTACT
US FOR READY MADE SOLVED ASSIGNMENTS
CONTACT
NUMBER : +91 - 8285115522
5. “Price is a highly sensitive
and visible part of retail marketing mix and has bearing on the retailer’s
overall profitability”. Explain the three pricing strategies in this context.
Pricing Strategies
Price is a
highly sensitive and visible part of retail marketing mix and has bearing on
the retailer’s overall profitability . Further , pricing itself is an essential
part of marketing mix and has its own place in the strategic decision-making
process. Out of the 4 Ps (Product, Price, Place and Promotion), price is the
only element of marketing mix that generates income for the firm, while rest of
the elements are costs for the firm. The pricing strategy must consider that
CONTACT
US FOR READY MADE SOLVED ASSIGNMENTS
CONTACT
NUMBER : +91 - 8285115522
6. Explain the following terms
(i) Retail Planograms
(ii) Signage
(i) Retail Planograms
Retail Planograms
A planogram
is a schematic drawing of an arrangement ofgoods that gives an idea of how the
products will be arranged in the retail store. It helps the retailer in knowing
where and how many racks/shelves should be arranged, where and at what gaps
they will be arranged, which items will be placed on which shelf, etc. In short,
a planogram is a blueprint
which gives all
CONTACT
US FOR READY MADE SOLVED ASSIGNMENTS
CONTACT
NUMBER : +91 - 8285115522
(ii) Signage
Signage -
Signage is the silent salesperson for a retailer’s business. It has negligible
cost but yields several benefits to the retail store owner. Researchers have
proved that signage and displays account for almost 75 per cent of all the
retail sales because they guide the customers to the point of purchase. The
signage and displays help in forming a unique identity for the
CONTACT
US FOR READY MADE SOLVED ASSIGNMENTS
CONTACT
NUMBER : +91 - 8285115522
PROGRAM - MBA
SUBJECT CODE & NAME - ML0012-Store Operations
1. “Store security relates to the
security and safety of store staff and merchandise Kept in the store”. Comment.
Store Security
Store security relates to
the security and safety of store staff and merchandise kept in the store. Since
shopping malls are still only popular in big cities, in India, the concept of
retail store safety is quite recent.
Most stores
get their major portion of sales during day time. Even studies and surveys have
shown that malls are becoming unsafe as far as personal safety is concerned.
Parking areas are
CONTACT
US FOR READY MADE SOLVED ASSIGNMENTS
CONTACT
NUMBER : +91 - 8285115522
2. “Layout for a store must be
decided keeping in mind some factors”. Explain
Store layout is one of the
most important aspects of retail management. Once the space is hired, and
merchandise acquired, it is difficult to undo the decisions.
The entire
merchandise flow and minimizing expenditure on merchandise handling and
productivity , largely depends on the store layout. An optimum store layout
ensures that the
CONTACT
US FOR READY MADE SOLVED ASSIGNMENTS
CONTACT
NUMBER : +91 - 8285115522
3. What are the different
classification of retail merchandise?
Classification on the Basis of Nature of Merchandise
1. Apparel: Apparel merchandise is anything that a human
being puts on his body . Clothing, hats, gloves, shoes and scarves, etc., come
under the category of apparel.
2. Consumer
durables: Any type of product that is
purchased by consumers for long-term usage usually falls under the category of
consumer durables. As opposed to many goods that are intended for consumption
in the short term, consumer durables are intended for repeated or day to day
usage. Prominent goods under consumer durables are refrigerator, mobile
CONTACT
US FOR READY MADE SOLVED ASSIGNMENTS
CONTACT
NUMBER : +91 - 8285115522
4. “The HRM objectives in a retail
organization serve as the standards against which performance is evaluated”.
Comment
HRM Objectives in Retailing
The HRM objectives
in a retail organization serve as the standards against which performance is
evaluated. If objectives are well defined and accepted by employees, they
promote harmony of effort and voluntary co-operation. Considering the pace at
which new corporates are entering the retail industry , a retail organization
has to structure and assign tasks, policies and resources in order to meet the
fast changing requirements of the target market, management
CONTACT
US FOR READY MADE SOLVED ASSIGNMENTS
CONTACT
NUMBER : +91 - 8285115522
5. Explain the principles of
merchandise handling.
Principles of Merchandise Handling
1. Planning Principle
According to the planning
principle, the designing of merchandise handling activities should be based on
purposeful and determined planning where the requirements, objects of
presentation and specifications pertaining to functions of the task are
outlined in advance. Following a systematic way considering the cooperation
from all concerned is absolutely essential.
CONTACT
US FOR READY MADE SOLVED ASSIGNMENTS
CONTACT
NUMBER : +91 - 8285115522
6. Write short notes on:
a) Assortment Strategy
b) Rejection
a) Assortment Strategy
Assortment
refers to the number of SKUs available within a single product category. For
the retailers, product assortment strategy is a focal but sophisticated issue.
During the past decade, retail product assortments have seen major changes. In
the 1990s, unparalleled large assortments were prevalent. Presently , the
emphasis is upon streamlined and efficient
CONTACT
US FOR READY MADE SOLVED ASSIGNMENTS
CONTACT
NUMBER : +91 - 8285115522
b) Rejection
When the
merchandise is rejected in full or in part after inspection, a ‘Rejection Note
Form A(Form 21)’is raised. On rare circumstances, merchandise once accepted by
the inspection team and taken into stock are rejected. If this happens, a
Rejection Note Form A is also raised,
provided the distribution centre is prepared to accept the return of the
merchandise; otherwise
CONTACT
US FOR READY MADE SOLVED ASSIGNMENTS
CONTACT
NUMBER : +91 - 8285115522
PROGRAM - MBA
SUBJECT CODE & NAME - ML0013-Retail IT Management
1. Explain the factors affecting the use of IT applications in Retail
industry.
Factors Affecting the Use of IT Applications in Retail Industry
In practice, various
factors affecting the use of IT applications in retail industry are as follows:
1. The nature and type of
business
The main
factor that affects the need and application of technology is the nature and
type of industry. For example, a retailer who is in the fashion industry would
like to update himself with the latest trends and changes in buying patterns at
a much faster rate as compared to a retailer who is into consumer durable
industry. It is incorrect to assume that a retailer of the consumer durable
industry does not
CONTACT
US FOR READY MADE SOLVED ASSIGNMENTS
CONTACT
NUMBER : +91 - 8285115522
2. Explain the advantages and disadvantages of Online retailing
Advantages of Online Retailing
1. No physical
limitations:In online retailing, a customer does not have to visit a physical
store; he can simply visit the company’s website and purchase the desired item.
2. Low operating
cost:One of the foremost advantages of online retailingis the low operating
cost. The retailer is not bound by the physical location to set up his store. With the deployment of
IT, the retailer can easily manage inventory, billing, automation and many
other functions. In this manner, the use of manpower is also less.
CONTACT
US FOR READY MADE SOLVED ASSIGNMENTS
CONTACT
NUMBER : +91 - 8285115522
3. Explain Porter’s Model of
Competitive Forces in detail.
Porter’s Model of Competitive Forces
In order
to understand various strategies to gain competitive advantage, we need to
understand the challenges that competition poses. In this field, Dr. Michael E.
Porter (1985), Professor of Business Administration, Harvard Business School,
has shared his ideas in two books: Competitive Strategy: Techniques for
Analyzing Industriesand Competitors, and Competitive Advantage. These books
offer a
CONTACT
US FOR READY MADE SOLVED ASSIGNMENTS
CONTACT
NUMBER : +91 - 8285115522
4. There are certain threats which disturbs the internet system of
working. Explain the threats to information security encountered by businesses.
Types of Security Threats
Various types of
threats, either internal or external, whether caused deliberately or
inadvertently, can be grouped under hacking, malicious software and internal
threats.
Hacking
Hacking
is an act done by a person or a group to use a computer system or a network
without having the authority to do so. The individual (or group of individuals)
doing this is called a hacker. The term hacking, when used to explain cracking
into a computer system, has a criminal connotation. Hackers break into
CONTACT
US FOR READY MADE SOLVED ASSIGNMENTS
CONTACT
NUMBER : +91 - 8285115522
5. “A workflow management system
is an automated application that administers and defines an array of functions
leading to a result”. Comment
Retail Workflow Management
In order
to understand the compliance of information technology in retail businesses,
the students of retail management must understand retail workflow and workflow
management systems. Enterprise applications and other software systems are
designed to meet the workflow requirements. As the workflow management systems
facilitate performance and management of work, compliance of IT can be better
understood in this context. A workflow is a collection of interconnected and
interlinked steps
CONTACT
US FOR READY MADE SOLVED ASSIGNMENTS
CONTACT
NUMBER : +91 - 8285115522
6. Write short notes on:
a) Barcode Technology
b) Challenges for online retailers
a) Barcode Technology
Barcode
technology Barcode technology (below figure) is one of the widely used methods
of automatic identification. Automatic identification or ‘Auto ID’ encompasses
automatic recognition and recording of data. This is common in printing and
reading of information encoded in barcodes, thereby eliminating the risk of
human error. This is an automatic identification technology. Barcode is a
predefined format of
CONTACT
US FOR READY MADE SOLVED ASSIGNMENTS
CONTACT
NUMBER : +91 - 8285115522
b) Challenges for online retailers
Challenges for Online Retailers
(i)
Getting visitors: The main challenge before today’s retailers is that how to
motivate people to buy things online. Though retailers are spending enough
money on search engine position, pay-per-clicks arrangements, poster ads and
other marketing strategies but still they are not getting enough visitors.
Everyone knows that buying things online is more beneficial for customers.
However, despite low prices
CONTACT
US FOR READY MADE SOLVED ASSIGNMENTS
CONTACT
NUMBER : +91 - 8285115522
No comments:
Post a Comment