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ASSIGNMENT
|
DRIVE
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SPRING 2017
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|
PROGRAM
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Bachelor of Business Administration- BBA
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SEMESTER
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V
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SUBJECT CODE & NAME
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BBR505 Warehouse Management
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BK ID
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B1806
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CREDITS
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4
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MARKS
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60
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Note: Answer all questions. Kindly note
that answers for 10 marks questions should be approximately of 400 words. Each question
is followed by evaluation scheme.
Question.
1. Write a short note on transportation and Issues in retail logistics.
a)
Retail transportation
Answer: Transportation concerns the movement of products from a source—such as a
plant, factory, or workshop—to a destination—such as a warehouse, customer, or
retail store. Transportation may take place by air, water, rail, road,
pipeline, or cable routes, using planes, boats, trains, trucks, and
telecommunications equipment as the means of transportation. The goal for any
business owner is to minimize transportation costs while also meeting demand
for products. Transportation costs generally depend upon the distance between
the source and the destination, the means of transportation chosen, and the
b)
Issues in retail logistics
Answer: Retailers today are faced with unprecedented challenges ranging from
shifting retail formats, overabundance of consumer choice, fast-changing
technology, greater focus on quality and price, and a tough economic climate.
This white paper looks at the top five supply chain challenges that retailers
face and maps out a series of strategies to address them based on research and
direct experience in supporting retailers to maintain a competitive advantage.
1. Slipping Profit Margins—A perfect storm
of retail challenges
The bottom line is profit and
Question.
2. Explain the meaning of a warehouse and functions warehouse?
A
warehouse may be defined as a place used for the storage or accumulation of
goods. The function of storage can be carried out successful with the help of
warehouses used for storing the goods.
Warehousing
can also be defined as assumption of responsibility for the storage of goods.
By storing the goods throughout the year and releasing them as and when they
are needed, warehousing creates time utility.
Functions
of Warehousing:
Question.
3. Enumerate the impact of high and low inventory valuation.
Answer: The accounting method that a company decides to use to determine its
inventory costs can directly impact the balance sheet, income statement and
statement of cash flow. Three inventory-costing methods are widely used by both
public and private companies:
First-In, First-Out (FIFO): This method assumes that the first unit
making its way into inventory is the first sold. For example, let's say that a
bakery
Question.
4. Discuss the role of IT In Retail Distribution and Replenishment.
Answer: Replenishment is the movement of inventory from upstream -- or reserve --
product storage locations to downstream -- or primary – storage, picking and
shipment locations. The purpose of replenishment is to keep inventory flowing
through the supply chain by maintaining efficient order and line item fill
rates. The process helps prevent costly inventory overstocking.
The importance of information technology in
retail stems from the importance of data. Data is nothing but information that
aids decision making
Question.
5. Describe the Concept of Inventory Control and Impact of Stock Inaccuracy.
Answer: Inventory control or stock control can be broadly defined as "the
activity of checking a shop’s stock". More specifically inventory control
may refer to:
· In operations management, logistics and
supply chain management, the technological system and the programmed software
necessary for managing inventory
·
In
economics and operations
Question.
6. Explain the Importance of Warehouse Information.
Answer: A firm producing or owning the goods owns private warehouses. The goods
are stored till the delivery time to a retail outlet or sold. The potential
advantage of using a private warehouse is the ability to maintain physical
control over the facility, which allows managers to address damage, theft, and
loss. When not in use they could be rented out. The construction and
maintenance of private warehousing can be extremely costly. All the expenses
have to be carefully estimated and evaluated.
Dear
students get fully solved assignments
Send
your semester & Specialization name to our mail id :
“ help.mbaassignments@gmail.com ”
or
Call
us at : 08263069601
(
Prefer mailing. Call in emergency )
