Inventoryor stock is the main item in which a business organization deals in and managing it efficiently is required to be done with full care and expertise. Inventory management can give the best possible advantages in terms of storage cost, logistics and time management.
Here we are showing how a departmental giant like Big Bazaar is maintaining its day to day Inventory using the latest available technologies.
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2. OVERVIEW
Introduction
What is Inventory
Big Bazaar in brief
Types of inventory in Big Bazaar
Warehouse management System
MIS in Big Bazaar
3. What is inventory
Inventory refers to the stock of work in process goods
raw material and finished goods that are the assets of
the business which are ready or will be ready for sale
The different types of inventory are as follows:
Raw material
Supplies and purchased parts
Work in Progress
Finished goods
4. Inventory management system
Inventory Management Systems are used by firms for
purpose of accounting for all tangible goods that allow for
a sale of a finished product, or parts for making a product.
The size and volume of a firm help dictate whether or
not a firm is in need of such a system as they can be
quite extensive and costly.
There are three main reasons why an Inventory
Management System is needed such as timing,
forecasting, and utilizing economies of scale.
5. Introduction to Big Bazaar
Kishore Biyani
Future group
First Big Bazaar was opened in 2001
at VIP road, Calcutta.
Big Bazaar was opened truly on
fashion format but over a year food
bazaar was launched.
6. Types of inventories in Big Bazaar
1) Cycle inventory is carried for the FMCG
product category and food category a the
turnover of these products is high and
after a period they get expired.
2) Safety level of inventory is adopted for
apparel as the cost of these products is
high and they can be retained for longer
span.
3) Seasonal inventory is adopted for the
products which are in demand for only
7. Supply chain management
Procurement in Big Bazaar happens from
central distribution channels
local vendors
The stock in store is managed by automated
replenishment system ( ARS).
The CDC are located in such a strategically
positioned so that it can easily carter the needs
of near by Big Bazar stores.
10. Warehouse management
Inwarding Process Of
Warehouse
PO generated by ASM
Received by the vendor
Vendor delivers the goods
IRN is issued by the ware house management
team
Stock tally if it fails discrepancy note is
generated
GRN is issued
Stock pilled out in ware house / sent to floor
for sale
11. …cont
Outward processof warehouse
Delivery of stock to CDC
Information transferred to SAP
Generation of GRN
Stocks pilled /stored in warehouse of CDC
Po generated from store to CDC
Outwarding of material from CDC
Receiving goods at big bazar store
Raising of PO by vendor to CDC
Receiving of stock and generation of IRN
12. Use of ERP in Big Baazar
It is a software used for business process management.
It allows any organization to use an information system of
integrated application to do many back office functions
related
to information technology and manages the business.
Functions of Enterprise Resource Planning in Big Bazaar :-
Product Ordering
Merchandising Buying
Inventory Management
Stock Transfer
13. MIS in Big Bazaar
Big Bazaar uses JDA ERP and SAP ERP
software.
JDA ERP is an enterprise resource planning
software developed by an American software and
consultancy company .
SAP ERP is an enterprise resource planning
software developed by a German company. SAP
(System Application and products) to manage the
inventory system of different business and
improve customer relationship management.
14. Process of MIS in Big Bazar
a)SOD (Start of the Day)
Procedure:
. Start the web Portal
. Enter provided login ID
and password
. Open web app basics
. Click SOD Status
. Click Start SOD
b)EOD (End of the Day)
Procedure:
. Start the web Portal
. Enter provided login
ID and password
. Open web app basics
. Click EOD status
. Enter Login ID and
Password Again
. Press Enter
15. Functions of MIS in Big Bazar
There are 2 servers used by the MIS: Main Server
and Backup Server
Each of the servers has its own storage system (15
hard disks to store the same information)
The information is backed up daily at the EOD (End
of the Day)
There are generally 15 counters for transaction in
Big Bazar. The recording at the transaction at each
of these counters is done.
The average number of transactions made per day
varies from 3500-4500 and all transaction data is
recorded at each terminal and stored at the
16. Invoice berry system
An online billing and invoice software for retailers.
Its concentrated on the most necessary invoicing
and billing needs such as :
Letting multiple users of your team to work with
invoices.
Managing clients by keeping all information at
one place.
Sending reminders to late payers.
Turing quotes into invoices with one click.
Recurring invoices for your regular customers
what et you save a lot of time.
17. Cantalog
Used by B2B and B2C companies.
Its used by Big Bazaar in its several standalone
units like inventory, order management, mobile
commerce app etc.
Projected as an Omni-channel digital commerce
platform
It offers centralized inventory, order and
production information management across
multiple sales channels reducing management
task.