BRL 103 Solved Assignment 2023-24


BRL 103 Solved Assignment 2023-24

Store Operations- I

BRL 103 Solved Assignment 2023-24 : All assignments are in PDF format which would be send on email/WhatsApp (9958676204) just after payment.

Assignment Code: ASST/ BRL 103/2023-24

Marks: 100

Attempt all the questions.

(A) Short Type Questions

Q1. a) How retail store operation is going to be one of the significant platform for integrated planning.

Retail store operations play a crucial role in integrated planning for several reasons. Integrated planning involves aligning various functions and processes within a business to achieve overall organizational goals efficiently. Here are ways in which retail store operations become a significant platform for integrated planning:

Demand Planning:

Retail store operations generate critical data regarding customer preferences, buying patterns, and seasonal trends. This information is invaluable for demand planning.

Integrated planning involves synchronizing demand forecasts with supply chain and inventory management. Retail stores act as a key source of real-time demand signals, aiding accurate forecasting.

Inventory Management:

Retail stores are at the forefront of inventory management. Efficient inventory planning is essential for meeting customer demand while minimizing carrying costs.

Integrated planning ensures that inventory levels are aligned with sales forecasts, production schedules, and supply chain capabilities. Retail operations provide crucial feedback for optimizing inventory levels.

Supply Chain Coordination:

The success of retail store operations depends on a well-coordinated supply chain. Integrated planning involves aligning supply chain activities with sales and demand forecasts.

Retail stores provide insights into fluctuations in demand, allowing for better coordination between suppliers, manufacturers, and distributors.

Promotion and Marketing:

Integrated planning incorporates promotional and marketing activities to drive sales. Retail store operations provide insights into the effectiveness of marketing campaigns.

By analyzing sales data and customer feedback, businesses can refine their promotional strategies, ensuring that marketing efforts align with overall business objectives.

Customer Experience:

Retail store operations directly impact the customer experience. Integrated planning involves considering the entire customer journey, from product discovery to post-purchase support.

Retail operations provide valuable feedback on customer preferences, allowing businesses to enhance products, services, and overall customer satisfaction.

Technology Integration:

Integrated planning often involves the integration of various technologies. Retail stores serve as a testing ground for new technologies such as point-of-sale systems, inventory management software, and customer relationship management (CRM) tools.

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Feedback from retail operations helps refine and optimize technology solutions for better performance and integration with other business functions.

Data Analytics:

Retail stores generate vast amounts of data. Integrated planning leverages data analytics to derive actionable insights for decision-making.

Analytics applied to retail data can identify trends, uncover opportunities for improvement, and inform strategic decisions across the organization.

In summary, retail store operations act as a hub for critical business information and functions. Integrating these operations into overall planning processes enables businesses to respond dynamically to market changes, improve efficiency, and enhance the overall performance of the organization.

b) Discuss different types of Retail Customers.

Q2. a) What is Psychographic Customer Segmentation?

b) Briefly discuss Manpower Planning.

Q3. a) What are the advantages and disadvantages of having a centralized ware house?

b) Explain the concept of “Space Mix”.

Q4. a) What do you mean by System Frauds? Explain.

b) What is the difference between asset and merchandise in retail business.

Q5. a) How do you discriminate between conventional and contemporary retail formats?

b) Specify the SOPs application in retail.

Q6. a) What do you mean by Average Transaction Size

b) Explain the importance of Product-Customer Matrix.

Q7. a) How ecommerce has changed the buying habits of the customer?

b) Highlight store supervisor key multitasking points. Is multitasking good or bad?

(B) Essay Type Questions

Q8. How offline and online store can be integrated? Also discuss the benefit of integration.

Q9. Define space planning concept and its objective. What process one must follow for well-defined space planning concept?

BRL 103 Solved Assignment 2023-24 : All assignments are in PDF format which would be send on email/WhatsApp (9958676204) just after payment.

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