BBR505 – WAREHOUSE MANAGEMENT

 

 

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ASSIGNMENT

 

 

 

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.

 

Q.1 Enumerate the issues in retail logistics and list the components they can be attributed to.

 

Ans :  Introduction to retail logistics:

 

Logistics is the function of making goods and other resources physically available for use as and when required. This generally includes two basic activities of moving or transporting these resources, and storing them at different location till required for use or further transportation.

Retailing is one of the activities within the overall distribution function. Thus we can consider retail logistic as one part of the physical distribution systems. The terminology of logistics and the boundaries between difference logistics activities are not very clearly defined or fixed. However, we can say that retail logistics includes transpiration of goods to the

 

 

 

 

Q.2 List the functions of a warehouse.

 

Ans :  Basic function of a warehouse are movement of goods storage of goods, and information management.

 

1.  Storage of Goods:

 

One of the traditional requirements of a warehouse has been for storing goods. The warehouse provides the space required for  such storage and it is one of the important functions of a warehouse.

 

 2.  Movement of Goods:

 

Movement of goods consist of inbound activity (unloading of goods brought to warehouse), transfer to storage (transferring the goods from the inbound area to the storage area), order selecting (selecting the good in the storage as per order to be shipped

 

 

 

Q.3 Describe the FIFO method & LIFO method with an example for each

 

Ans : Detailed explanation on concept of LIFO :

 

Last-In, First-Out is one of the common techniques used in the valuation of inventory on hand at the end of a period and the cost of goods sold during the period. LIFO assumes that goods which made their way to inventory (after purchase, manufacture etc.) later are sold first and those which are manufactured or acquired early are sold last.

 

 

 

 

Q.4 Explain the benefits of bar codes in warehousing and supply chains

 

Ans : Benefits of barcodes :

 

Barcode systems provide an array of benefits, including operational efficiency, better customer service, and improved visibility of key business information to management.

 

1. Accuracy:

 

In the days before barcode technology, many businesses relied on clerks to manually enter information about packages that came across their desks. In

 

 

 

Q. 5 Discuss the importance of a warehouse in the value chain

 

Ans : The warehouse is often overlooked as an unimportant or simple task, not as a vital part of the overall business. Nothing could be further from the truth. A poorly run warehouse can cost a company sales, customers, its reputation and even end its existence.

 

1. Central Location:

 

A warehouse provides a central location for receiving, storing and distributing products. As each inbound shipment arrives, responsibility for the goods transfers to

 

 

 

 

Q.6 Describe the various aspects that a retailer needs to consider while making product

selection.

 

Ans : Choosing a product for your retail store to sell may very well be the most difficult decision you will need to make when starting a retail business. Before you commit to a product or product line, consider the following factors while deciding what products to sell.

 

1. Marketability:

 

Let’s face it, it won’t matter what products you sell if your customers aren’t buying. Before considering what product to sell, determine what market you want to sell to. Once you know what kind of customer you want, then you’ll be able to determine

 

 

 

Dear students get fully solved assignments

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Send your semester & Specialization name to our mail id :

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(E-mail conversation is better . Don’t call again & again)