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.
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.
BRL 103 Solved
Assignment 2023-24, BRL 103 Solved Assignment 2023-24, BRL 103 Solved Assignment
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