This document summarizes a study on stock management at Big Bazaar retail stores. The objective of the study is to analyze how stock moves from vendors to customers and to understand warehouse and shrinkage management. It describes Big Bazaar's supply chain process, including procurement from central distribution centers and local vendors. Stocks are managed using an automated replenishment system. The document also discusses inventory management, damage/defective stock handling, and factors that influence effective stock management on store floors.
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.
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.
Big bazaar is an Indian retail store that operates as a chain of
Hypermarkets,discount department stores and grocery stores.
The retail chain was founded by Kishore Biyani under his parent organization Future group in 2001.
Big bazaar covering three essential categories
in Indian market home,food and fashion
Food bazar and Fbb are integral part of
big bazaar.
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big bazaar retail visit project reportMustahid Ali
report containing the whole process of big bazaar retail store, situated in phoeinx mall, mumbai, with brief info about the company, retail store , socio economic condition, marketing mix.
Big bazaar is an Indian retail store that operates as a chain of
Hypermarkets,discount department stores and grocery stores.
The retail chain was founded by Kishore Biyani under his parent organization Future group in 2001.
Big bazaar covering three essential categories
in Indian market home,food and fashion
Food bazar and Fbb are integral part of
big bazaar.
Case study on Visual Merchandising in Reliance Retail- By Raghav KulkarniRaghav kulkarni
The following Case study sheds Light on how Reliance Retail uses concept of Visual Merchandising and how it influences and Impacts the customer Buying Pattern and Problems associated with it.
Wal Mart and BIG BAZAAR : A comparitive analysisParas Deshpande
This presentation is a business strategy comparison and critical analysis of Wal Mart and Big Bazaar . poters five force analysis and SWOT analysis has been done. Also different formats of retail have been discussed.
the presentation draws heavily from " It happened in India " and " Made In America " .
Project Report- A study of floor operations(Reliance Trends) at Avani Mall, h...SOUMYAJIT MUKHERJEE
This is my Summer Internship Project Report (MBA).
I am not sharing any kind of sensitive data in it.
While making my project report I had faced a bit problem to find the company profile of Reliance Trends.
For that reason I am helping others, who are opting for the interview or who is doing their S.I.P with Reliance Trends.
I believe this presentation will be a helpful one....,,,
Thank you very much for surfing my Presentation and dont forget to give your feedback...
big bazaar retail visit project reportMustahid Ali
report containing the whole process of big bazaar retail store, situated in phoeinx mall, mumbai, with brief info about the company, retail store , socio economic condition, marketing mix.
Big Bazaar is an Indian retail chain of hypermarkets.
The retail chain was founded by Kishore Biyani in 2001 under
his parent organization “Future Group” Big Bazaar is one of
the oldest and largest hypermarkets chain of India, housing about 250+ stores in over 120 cities and towns across the country.
Head quarters are in Jogeshwari, Mumbai.
Their basic attraction associated with reasonable prices is their Unique Selling Price.
Big Bazaar new tag line, “ Naye India Ka Bazaar”
earlier one, ‘ Isse Sasta Aur Accha Kahin Nahin'
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1. “A STUDY ON STOCK MANAGEMENT”
AT
Prepared by
Budhaditya Saha – 12DM003
Pritam Das – 12DM006
Chittaranjan Behra – 12DM001
Abhishek Maharana – 12DM010
2. OBJECTIVE OF THE STUDY
The objective of the study is to analyse how the stock move
from vendor to customer in a organised retail format.
It also include understanding of the ware house
management of Big Bazaar.
Even Shrinkage Management is also included as a part of
our study.
3. BIG BAZAAR
Kishore Biyani.
Saravana Store.
First Big Bazaar was opened up in
the year 2001 at VIP Road, Calcutta.
Big Bazaar launched purely in
fashion format but over a year Food
Bazaar was opened
4. BIG BAZAAR, FORUM MART
It opened in Bhubaneswar 2004.
Situated at the heart of the city at Bapuji Nagar, Near Ram Mandir
Forum Mart
3 Levels serving the customer
5. STOCK MANAGMENT
Stock Management or Inventory Management is managing the
stock with the company or management in the procurement of the
stock.
This stock management in retail industry involves in
procurement of goods after analyzing the various factors that drives
it and also the movement of the same to the customer.
It is indeed very important as inventory ties a large amount of
money of the company.
Moreover the stock management is essential because adequate
amount of stock always helps in saving company’s money and also
efficiently utilize the pilling space(ware house).
Also improper stock management leads to Shrinkage of goods
and hence shrinkage management now a days is an important part
of the stock management.
6. SUPPLY CHAIN MANGEMENT AT BIG
BAZAAR
Procurement in Big Bazaar happens from
Central Distribution Center.
Local Vendors.
The Stock in the store is managed by Automated Replenishment
System (ARS).
The CDC are located in such a strategically positioned so that it can
easily caters to the nearby Big Bazaar.
For the Stores of Eastern Zone the CDC is located at Barasat.
7. SUPPLY CHAIN MANGEMENT AT BIG BAZAAR
MANUFACUT
ER
MANUFACUT
ER
MANUFACUT
ER
CENTRAL
DISTRIBUT
ION
CENTER
CENTRAL DISTRIBUTION CENTER
8. SUPPLY CHAIN MANGEMENT AT BIG BAZAAR
LOCAL
VENDORS
LOCAL
VENDORS
LOCAL
VENDORS
LOCAL PROCUREMENT
9. INWARDING PROCESS AT WARE HOUSE
WARE HOUSE MANAGEMNT
PO generated by the ARS
Received by the Vendor
Vendor delivers the goods
IRN is issued by the warehouse management team
Stock Tally. If stock tally fails than discrepancy note is generated
GRN is issued
Stock is either pilled in the ware house or sent to the floor for sale
10. WARE HOUSE MANAGEMENT
OUTWARDING PROCESS AT WARE HOUSE
Raising of PO to the vendor by the CDC
Delivery of Stock to the CDC
Receiving of the stocks after weighing, counting and generation of IRN
Information is transferred to SAP
Generation of GRN
Stocks pilled stored in the warehouse of CDC
PO generated from stores to CDC
13. MANAGEMENT OF STOCKS ON THE FLOOR
The stocks entered into the floor can only come out with a
customer unless damage or defective(expired product)
The stock mangement on the floor depends on the foot fall of
customers
The stock management on the floor are analyzed by the
department manager
The concerened DM request for the replenishment when the sales
are high.
The request are received by the warehouse team and accordingly
replenishment happens.
14. SHRINKAGE MANAGEMENT
The store is finding a huge loss in
the form of shrinkage.
In spite of high security at the
store the store is finding a high
time in managing the shrinkage.
The company ties up hard tag,
soft tag in the product to reduce
the shrinkage
Also the company has deduced new strategy of manually counting each
and every product of store every quarter. This process is called Stock Take.
Total Number of Goods in the Books – Total Number of Goods in
Physical =Shrinkage
15. TYPES OF INVENTORIES MAINTAINED
Inventories maintained in Big Bazaar are ,
Foods
Staples
Apparel
Beauty Products
Utensils
Inventory Maintenance
As depending on the Automated Replenishment System.
The reorder points are set depending on the sales of previous 3 months
and hence the ARS generates the demand.
16. UNEXPECTED DEMANDS
Contact nearby Big Bazaar.
Contact other FBB stores.
Contact Pantaloons.
They never try to lose the customer
and hence provide them the best help.
17. Perishable goods like vegetables are maintained in a shop in shop format.
This is not directly maintained by Big Bazaar but by outside vendor.
The bills are under open MRP which is settled on a daily basis.
PERISHABLE GOODS
18. RESPONSE FROM CUSTOMERS AND
OBSERVATION
Customers are happy with the way the stocks
are arranged.
Many customers made the point that goods are
not available but when they report about that the
management arranges the same.
It was also found the racks are arranged
properly but the labeling of the racks are wrong
many times.
Also observed that stock replenishment takes
time and hence customer needs to report to the
management.