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ASSIGNMENT
| DRIVE | SUMMER 2014 |
| PROGRAM | MBADS (SEM 3/SEM5)/ MBAFLEXMBA(SEM3) PGDBAN(SEM1) |
| SUBJECT CODE & NAME | ML0013-Retail IT Management |
| BK ID | B1764 |
| Credit and Max. Marks | 4 credits; 60 marks |
Note – Answer all questions. Each question is followed by evaluation scheme.
Q.1 Explain the factors affecting the use of IT applications in Retail industry.
Answer: – While every retailer may want harness the power of technology and use it to its optimum advantages many factors affect its use. The chief among them are:
The scale and scope of operations
As stated earlier, the size or the scale of operations is the key factor influencing the decision on the type of systems required. In case of a small retailer; the significance is much lower as compared to that for a large chain retailer, who operates at a national or an
Q.2 Explain the advantages and disadvantages of online retailing.
Answer: – Advantages of Online retailing:-
Online Retailing:-Businesses with an interest in online retailing can go any one of several routes. Some businesses, such as Amazon and Netflix, dispense with the cost and staffing requirements of a brick-and-mortar store and exist only on the Internet. Other companies, such as Barnes & Noble, use their store and their website as two separate sales channels. In addition to conventional retail, online sales also include business-to-business transactions and consumer to consumer sales, such as eBay offers.
Online Advantages
Using the Internet as your primary sales
Q.3 Explain Porter’s Model of Competitive Forces in detail.
Answer: – Porter five forces analysis is a framework to analyse level of competition within an industry and business strategy development. It draws upon industrial organization (IO) economics to derive five forces that determine the competitive intensity and therefore attractiveness of a market. Attractiveness in this context refers to the overall industry profitability. An “unattractive” industry is one in which the combination of these five forces acts to drive down overall profitability. A very unattractive industry would be one approaching “pure competition”, in
Q.4 There is certain threats which disturbs the internet system of working. Explain the threats to information security encountered by businesses.
Answer:- Explanation of security threats:- Pacific time: The Web site for the Motion Pictures Association of America (MPAA) is suffering intermittent outages, and the organization suspects computer vandals are to blame. A source inside the organization, who asked not to be identified, said that the MPAA is currently “experiencing problems with their public Web site, and they suspect a denial-of-service attack.” The attack was first rumored on http://www.hackernews.com/ , a Web site for news on computer hacking.
Q.5 “A workflow management system is an automated application that administers and defines an array of functions leading to a result”. Comment
Answer:-Explanation of retail workflow management:-
Purchasing:-Retail store managers often handle purchasing duties for their specific outlets. In larger organizations, purchasing may be centralized, with front-line managers only responsible for reporting inventory levels to the main office. It is more likely in smaller retail businesses, however, that store managers will handle all purchasing activities
Q.6 Write short notes on:
- a) Barcode Technology
- b) Challenges for online retailers
Answer: – a) Barcode Technology
Barcode Technology:- Barcode technology works of off a principle called symbology. Symbology at its basic form is what defines the barcode; it determines the mapping and interpretation of the encoded information or data. This encoding allows the scanning device to know when a digit or character starts and when it stops, similar to a binary representation. We recognize barcodes as an array of parallel lines alternating between white and
- b) Challenges for online retailers
Answer: Challenges for online retailers:-
The continued growth of online shopping is placing further pressure on the capabilities of retailers as they scramble to scale their operations to meet record levels of demand. Many retailers are now offering click-and-collect services in an attempt to reduce fulfilment costs, improve service and offer greater convenience, but the challenge is ensuring they can scale for future growth and deliver a truly joined-up experience between their online and in-store operations, otherwise known as omni-channel retailing.
Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
help.mbaassignments@gmail.com
or
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