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ASSIGNMENT
| PROGRAM | Bachelor of Business Administration- BBA |
| SEMESTER | V |
| SUBJECT CODE & NAME | BBR505 – WAREHOUSE MANAGEMENT |
| CREDIT | 4 |
| BK ID | B 1806 |
|
60 |
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.
- 1 Explain the warehousing strategies used by retailers. List and explain the four categories of warehousing costs.
Answer: – Explanation of warehousing strategies: – A procedure whereby a company gradually builds up a holding of shares in a company it wishes to takeover in the future. The process of storing goods within a storage facility.
Product Scanning:-At Strategic warehousing, we use RF barcode scanning for simple, fool-proof and time efficient management of incoming and outgoing
- 2 Describe the measures for retail distribution and replenishment.
Answer: – Description of 8 measures for retail distribution and replenishment:- Distribution is characterized by a source of some kind that produces products that are on-sold through a diverging supply chain to end users/consumers. We could easily extend the case to a supermarket warehousing operation for example which might be fed by other producers’ warehouses rather than a plant. However, let’s display our manufacturing bias and assume that something is indeed produced at the source of this system.
- 3 Write short notes on:
Answer: – Quick response: – Just in time inventory partnership strategy between suppliers and retailers of general merchandise. It is aimed mainly at reducing order response time, and achieving greater accuracy in shipping the correct goods in correct quantities, by employing computerized equipment such as barcodes and EDI to speed up flow of information. Its other objectives include reduction in operating expenses, out-of-stock situations, and forced mark-downs (discounts)
FIFO (First In First Out) method of valuing inventory: – The first in, first out (FIFO) method of inventory valuation is a cost flow assumption that the first goods purchased are also the first goods sold. In most companies, this accounting assumption closely matches the
- 4 what is inventory? Explain the different types of inventory. What are the negative effects of excess inventory?
Answer: – Definition of inventory: – Inventory is an asset that is owned by a business that has the express purpose of being sold to a customer. This includes items sold to end customers or distributors. It includes raw materials, work in process, and finished goods. The management of inventory is a key concern of all businesses. If a company’s inventory level is too low, it risks delays in fulfilling it’s customers orders.
Explanation of types of inventory:-
- 5 What is retail shrinkage? Explain the methods for detecting and preventing shoplifting.
Answer: – Explanation of retail shrinkage and listing of shrinkage categories:-
In financial accounting, the term inventory shrinkage (sometimes truncated to shrink) is the loss of products between point of manufacture or purchase from supplier and point of sale. The term shrink relates to the difference in the amount of margin or profit a retailer can obtain. If the amount of shrink is large, then profits go down which results in increased costs to the consumer to meet the needs of the retailer.
- 6 Describe some of the ICT applications used in a retail organisation. What are the benefits of ICT applications to a warehouse?
Answer: – Description of ICT applications:-
E-government: – Implement e-government strategies focusing on applications aimed at innovating and promoting transparency in public administrations and democratic processes, improving efficiency and strengthening relations with citizens.
Develop national e-government initiatives and services, at all levels
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 )