Store mgmt

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Store mgmt

  1. 1. Store Management<br />AMIT KUMAR ROY <br />1014370005<br />
  2. 2. Store Management & its facets<br />It is defined as that aspect of material control concerned with the physical storage of goods. It is concerned with ensuring that all the activities involved in storekeeping are carried out efficiently & economically.<br />Principle facets of store management:-<br /><ul><li>Managing the stores.
  3. 3. Store layout, design & visual merchandising.
  4. 4. Customer service.
  5. 5. Retail selling.</li></li></ul><li>Principle Objectives of stores<br /><ul><li>Minimizing material handling costs.
  6. 6. Maintaining the value chain.
  7. 7. Proper inventory evaluation.
  8. 8. Establishing co-ordination between departments.
  9. 9. Services to user departments.
  10. 10. Acting as “buffer stock”.
  11. 11. Aids in “time utility” of the product.</li></li></ul><li>Types of stores<br />
  12. 12. Factors affecting location of stores.<br /><ul><li>Proximity with user departments.
  13. 13. Security considerations.
  14. 14. Types of materials.
  15. 15. Ease of transport.
  16. 16. Good material control.
  17. 17. Scope for future expansion.
  18. 18. Avoidance of boredom</li></li></ul><li>Store Layout <br />Defined : Physical arrangement of storage facilities for efficient receipt, storage and issue of materials is called layout of stores.<br />Factors affecting store layout:<br /><ul><li>Type of stock: Deciding on nature and size of materials to be stored.
  19. 19. Volume of stock: Sufficient passages for un-interrupted handling.
  20. 20. Availability of space: Inadequate space leads to congestion. Too much space increases cost.
  21. 21. Physical factors: Lighting, ventilation, controlled noise.</li></li></ul><li>Store Layout Types<br />Comb Layout<br />Stock is kept on one side of aisle.<br />Tree Type Layout<br />Goods are placed on either side of aisle.<br /><ul><li>Store Procedure: Material planing</li></ul> Receipt of material.<br /> Storage of material.<br /> Documentation.<br /> Issue of materials.<br /> Valuation of stock.(FIFO,LIFO,HIFO). <br />
  22. 22.
  23. 23. Achieving Competitive Advantage <br />
  24. 24. Business process & info 4 store management<br />
  25. 25. Wal*Mart stores-Mike duke<br />Wal-Mart Stores<br /> The flagship retail division of Wal-Mart Stores, Inc. <br /> 36 departments including family apparel, health & beauty aids, household needs, electronics, toys, fabrics & crafts, lawn & garden, jewelry and shoes<br /> Operate on an "Every Day Low Price" <br />philosophy and are able to maintain their <br />low price structure through conscientious <br />expense control .<br />Provide departmental directories, 24-hour <br />service, and self-scanning registers for fast, <br />efficient checkout service <br />
  26. 26. Closure Note<br />Supply Chain Management (SCM) was once a "pie in the sky" concept that could not be fully achieved. A key barrier was the cost of communicating with and coordinating among the many independent suppliers in each supply chain.<br />SCM is possible because of three changes: <br /><ul><li>Technology has developed that simplifies communication.
  27. 27. New management paradigms have developed that are shared among supply chain members.
  28. 28. coordination efforts.and the development of a highly trained workforce .</li></ul>Store management has moved towards new era through increased input from information technology<br />
  29. 29. References<br /><ul><li>Supply chain management- R.V.ALTEKAR
  30. 30. SCM Concepts & Cases- Sunil chopra.
  31. 31. www.ibm.com/stores/management
  32. 32. www.store.walmart.com
  33. 33. www.casestudynic.in/scm
  34. 34. Logistics & supply chain management- D.K Agrawal
  35. 35. Supply chain management- THAKUR PUBLIC.N.</li></li></ul><li>

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