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DRIVE
Winter 2016
PROGRAM
Bachelor of Business
Administration - BBA
SEMESTER
V
SUBJECT CODE & NAME
BBR505
Warehouse Management
1 Write a short note on transportation and Issues in
retail logistics.
a) Retail transportation
b) Issues in retail logistics
Answer:
a) Retail transportation
The
management of transport assumes significance in case of direct store deliveries,
as this becomes a complex process if multiple vendors are involved. To handle
this issue, some retailers have dedicated a logistics function that tracks the
routes and schedules of transportation. This computerised system incorporates
information about store sales, road conditions and other
2 Explain the meaning of a warehouse and functions
warehouse?
a)
Meaning of a warehouse and
b)
Functions warehouse
Answer:
a) A warehouse is a building or an area or facility where goods are stored.
Warehousing activities involve the administrative and physical tasks associated
with the receipt, inspection, storage, retrieval and despatch of goods.
Warehousing is an important function of a retail
3 Enumerate the impact of high and low inventory
valuation.
Stock
Valuation that enumerates the impact of high and low inventory valuation
Answer:
There are quite a few methods of valuing inventory. Some of these are:
1.
First In First Out (FIFO): This method ensures
that products are issued at actual cost, so neither a profit nor a loss is
incurred by valuation. The value of the issued product is the same as the value
of the received product. The price of the product issued is in the same
chronological order as the price of the product received.
2.
Last In First Out (LIFO): This method is the
opposite of the FIFO method. The product received later will be issued first to
production, whatever is its price at receiving. The previously
4 Discuss the role of IT in Retail Distribution and
Replenishment.
The
role of IT in Retail Distribution and Replenishment
Answer:
Role of IT in Retail Distribution and Replenishment
The
flow of information, which is a complicated process in the retail sector, is
discussed below:
Ø Once
a customer decides to buy a product, he/she proceeds with it to the cash
counter. The cashier or the biller scans the UPC tag on the product. Payment is
accepted from the customer and
5 Describe the Concept of Inventory Control and
Impact of Stock Inaccuracy.
a)
Concept of Inventory Control
b)
Impact of Stock Inaccuracy
Answer:
a) Concept of Inventory Control
You
can define inventory control as the process of retail buying and maintaining
product assortment as per the customer demand. This includes balanced ordering,
re-ordering, shipping/transportation and handling and receiving of merchandise
to keep a control on costs. Inventory
6 Explain the Importance of Warehouse Information.
Importance
of Warehouse Information
Answer: Importance
of Warehouse Information
Main
objective of WMS is to manage the information related to different warehouse processes,
such as receiving, storing and despatching of inventory. This helps the
warehouse manager to take the required action on
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