BBR505 Warehouse Management

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ASSIGNMENT

DRIVE	SPRING 2017
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: 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.

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