Store Management<br />AMIT KUMAR ROY <br />1014370005<br />
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.
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.
Volume of stock: Sufficient passages for un-interrupted handling.
Availability of space: Inadequate space leads to congestion. Too much space increases cost.
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 />
Business process & info 4 store management<br />
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 />
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.
New management paradigms have developed that are shared among supply chain members.
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 />