BBR505 - Warehouse Management

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ASSIGNMENT

DRIVE	FALL 2016
PROGRAM	Bachelor of Business Administration - BBA
SEMESTER	V
SUBJECT CODE & NAME	BBR505 - Warehouse Management
BK ID	B1806
CREDITS	4
MARKS	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.

Question. 1. Write a short note on transportation and Issues in retail logistics.

a) Retail transportation

Answer: New motor carrier safety regulations and rising oil prices are just two of the challenges likely to impact the freight marketplace in coming months, says Matthew Menner, senior vice president of Transplace. And the right IT solutions are helping the industry deal with them.

Forward looking shippers are rethinking their sourcing strategies, developing longer-term contracts with transportation providers and taking other steps to be prepared for changing market dynamics, he says.

"As uncertainties around fuel costs, future capacity and safety regulations unfold, we are seeing leading retailers embrace a set of intelligent strategies that include these options as well as other 'out-of-the-box' ideas," Menner says. This is a

b) Issues in retail logistics

Answer: Transport and logistics are decisive issues in achieving competitive performance in the retail industry. As a top-rated transport and logistics service provider to this sector, GEODIS is ideally placed to offer optimum solutions, which are always geared at maximizing supply chain performance and optimizing costs.

Management of multiple and geographically diverse supply flows

Supply chains have become much more complex in recent years, with a number of dynamic forces in play, including sourcing practices,

Question. 2. Explain the meaning of a warehouse and functions warehouse?

a) Meaning of a warehouse and

Answer: A warehouse is a commercial building for storage of goods. Warehouses are used by manufacturers, importers, exporters, wholesalers, transport businesses, customs, etc. They are usually large plain buildings in industrial areas of cities, towns and villages.

They usually have loading docks to load and unload goods from trucks. Sometimes warehouses are designed for the loading and unloading of goods directly from railways, airports, or seaports. They often have cranes and forklifts for moving goods, which are usually placed on ISO standard pallets loaded into pallet racks. Stored goods can include any raw materials, packing materials, spare parts, components, or finished goods associated

b) Functions warehouse

Answer: Historically, warehouses were a dominant part of the urban landscape from the start of the Industrial Revolution through the 19th century and into the twentieth century. The buildings remained when their original usage had changed. There are four identifiable types of warehouses. The cotton industry rose with the development of the warehouse, and all five types were represented in Manchester in the United Kingdom. Warehouses of that period in Manchester were often lavishly decorated, but modern warehouses are more functional.

Warehouses allow transport optimization

Question. 3. Enumerate the impact of high and low inventory valuation.

Answer: Inventory is defined as assets that are intended for sale, are in process of being produced for sale or are to be used in producing goods.

The following equation expresses how a company's inventory is determined:

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.

A number of components go into the overall planning of a distribution center in order to maximize its efficiency. If the distribution center relies on a

Question. 5. Describe the Concept of Inventory Control and Impact of Stock Inaccuracy.

a) Concept of Inventory Control

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 management, the inventory control problem, which aims to reduce overhead cost without hurting sales. It answers the 3 basic questions of any supply chain: When? Where? How much?

·       In the field of loss prevention, systems designed

b) Impact of Stock Inaccuracy

Answer: Some retailers report their inventory accuracy to be close to 100%, however, it is more common to state it to be closer to 80%. American and European research suggest the overall inventory accuracy level in Europe to be 75% and the American equivalent to be close to 63%. I believe the difference between the two continents and their numbers lies especially in the difference of square meters à the more retail space a retailer runs, the more chances for mistakes in inventory accuracy. Additionally, European retailers have been keener to adopt processes that increase inventory accuracy.

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. These are:

i. Fixed expenses, building and land costs which are high

ii. Expenses incurred on ensuring that warehouses are

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