store mgt n maintenance.ppt
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Store maintenance is a specialized field that requires a team to maintain retail stores. It involves keeping maintenance and repair costs on track through preventive maintenance programs and software to identify problem areas. Emergency services must be available 24/7/365. Store maintenance reporting solutions should be customized and cost effective programs implemented for items like fire extinguishers. Centralized and decentralized storage systems each have advantages and disadvantages for large operations. Centralized storage allows for better control while decentralized storage reduces handling and transportation costs but requires more space and staff.
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slides with references: find the linked PDFs in my profile's upload section
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Costs associated with inventories, ABC, VED, HML, FSN, SDE, SOS, XYZ, MBASIC
slides with references: find the linked PDFs in my profile's upload section
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under stocking cost,
other costs associated with service level.
Selective inventory controls:
Need of Inventory control,
objectives of inventory control,
concept of selective inventory control,
basis and use of different types of selective controls:
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HML,
FSN,
SDE,
SOS,
XYZ,
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This document discusses store management and the objectives, functions, types, and layout of stores. It describes the key functions of stores as receipt, storage, retrieval, issue, and record keeping. The objectives of stores are to minimize production costs, maintain material values, and provide service to user departments. Stores can be organized centrally or decentralized, each with their own advantages and disadvantages. Proper store layout and systems are important for efficient material handling and control.
storemanagement-120324014045-phpapp01.pptx
This document discusses store management and various aspects related to it. It defines store management and its objectives such as minimizing production costs. It describes key functions of a store like receipt, storage, retrieval, issue, record keeping, and interaction with other departments. It also discusses types of stores like centralized and decentralized and their respective advantages and disadvantages. Finally, it covers topics like store layout, storage systems and factors affecting store layout.
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There are three main types of retail store layouts: grid layout, racetrack layout, and free-form layout. Each layout has advantages and disadvantages for product placement and guiding customer traffic flow. The grid layout provides order and structure but can look busy. The racetrack layout funnels customers around merchandise areas but places popular items in the back. The free-form layout encourages browsing but risks customer confusion and inefficient space use.
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Inventory management is important for businesses to control costs and meet customer demand. It involves setting minimum, maximum, and reorder stock levels to prevent overstocking or understocking. Maintaining proper stock levels allows a business to monitor market trends, track available storage space, and ascertain which items are selling well versus those that require more or less ordering. Effective inventory management also helps reduce theft and waste while ensuring production can continue smoothly.
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Feature areas are designed areas within stores meant to attract customers' attention and guide them through the shopping experience. The document lists and describes eight common feature areas: entrances, freestanding displays, cash wraps, end caps, promotional aisles or areas, walls, windows, and fitting rooms. Each area serves a specific purpose like introducing customers to the store environment, highlighting products, or allowing customers to try items on. Together, thoughtful use of feature areas can optimize customers' shopping journeys.
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The document discusses store management and various aspects related to it. It defines store management and outlines key objectives like minimizing production costs and maintaining material value. It describes important store functions such as receipt, storage, retrieval, issue, records keeping, and control. It also discusses centralized and decentralized store models and factors affecting store layout. The overall purpose of store management is to receive, store and issue materials efficiently at lowest cost.
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The document discusses retail store management and design. It covers the role of the store manager in overseeing daily operations and staff, as well as merchandising, customer service, and costs. Effective store design considers layout, signage, and feature areas to guide traffic flow, showcase products, and create an experience that encourages browsing and sales. Digital signage allows dynamic, centralized content control across stores. Overall store design must support the retailer's strategy and provide customers a rewarding shopping experience for loyalty and sales.
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Role of marketing
Marketing plays important roles for both businesses and society. For businesses, marketing helps focus activities on customer needs and wants to drive satisfaction, retention, and growth. For the economy, marketing acts as a catalyst, helping raise standards of living by connecting customers with goods and services that meet their needs through efficient production and distribution systems.
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The document discusses various concepts related to inventory management. It defines inventory as stock of goods and explains that inventory includes raw materials, work in progress, and finished goods in a manufacturing context. It also discusses determining economic order quantities by balancing ordering and carrying costs. Other concepts covered include ABC analysis for classifying inventory, just-in-time manufacturing, inventory turnover ratios, and stock keeping units. The overall purpose of inventory management is to avoid overstocking or understocking.
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This document discusses various inventory management concepts and techniques. It defines inventory as stored resources used to satisfy current or future needs, and identifies the main inventory types as raw materials, work in progress, and finished goods. It then discusses reasons for holding inventory, how to determine economic order quantities and reorder points, and assumptions of the economic order quantity and economic production quantity models. Finally, it briefly introduces different inventory classification systems like ABC analysis, HML classification, and XYZ classification that are used to categorize inventory items for better control and management.
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store mgt n maintenance.ppt
- 1. PREPARED BY :KANIKA THAKUR
- 2. Definition Store Maintenance provides all of the management services & maintenance trades that is needed in a retail environment. Retail maintenance is a very specialized field. To maintain a store is not a one man task. For this, retailer requires help of maintenance team.
- 3. Main Points for Maintenance of Stores • Retail store maintenance management helps in keeping facility maintenance and repair cost on track. • Emergency services should be available 24 hours a day, 365 days a year. • Store history should be identify problem areas which is a part of preventive maintenance software. • Store maintenance reporting solutions should be customized to meet customer’s needs.
- 4. Main Points for Maintenance of Stores • Cost effective preventive maintenance programs, fire extinguishers and yearly inspection tracking should be programmed. • Open invoicing; its open procedures for vendors to insure that they are getting an honest price. • Have access to qualified facilitators for retail store maintenance.
- 5. Store management is “ to receive materials, to protect them while in storage from damage & unauthorized removal, to issue the material in the right quantities, at the right time to the right place and to provide these service promptly and at least cost”.
- 6. Minimizing cost of production through minimizing cost on materials Maintaining the value of materials Service to user departments Establishing Co-ordination with other departments
- 7. Receipt of incoming goods Inspection of all receipts Storage and preservation Identification of all materials stored Materials handling Packaging Issue and despatch Maintenance of stock records Stores accounting Stock-taking
- 9. Centralized stores concept is to store all items at a central place and control materials movement from this central place.
- 10. The variety of goods can be supplied to all users from one small location. Less manpower will be required. Better control of materials is possible. Material handling will be easy. Wastage and deterioration of materials will be less.
- 11. It may not be suitable for large manufacturing concern. More staff will be required for shifting & transportation of the materials to various production units. Record keeping is difficult.
- 12. Reduced handling Customer friendly Fewer production stoppages Visual management is easier Decentralization concept is moving the material to the respective consumer function or directly to the points of use.
- 13. Reduced material handling and associated cost. Less chances of bottlenecks and delays. Convenient for every department to draw materials. Less transportation time.
- 14. 1. Higher cost of supervision. 2. More space is required for individual departments. 3. Higher amount of investment is required. 4. More time for stock taking and taking. 5. Higher cost of staff and stationary. 6. Improved technique is less possible for controlling of materials
- 15. Closed door system: the stored material is held under lock and key. Entry into the store is restricted authorized persons only. Physical movement of the material is only with authorized documents only. Maximum security and tight control on movement are features of this system Open stores system: In this system material is stored near point of use and there is restriction on consumption. Control passes on to the operations department