CUSTOMER_CODE
SMUDE
DIVISION_CODE
SMUDE
EVENT_CODE
JAN2016
ASSESSMENT_CODE BBR505_JAN2016
QUESTION_TYPE
DESCRIPTIVE_QUESTION
QUESTION_ID
20687
QUESTION_TEXT
Explain the impact of supply chain on retail stores.
Student may write any five (2*5=10)
Short life cycle s
Time to markets
SCHEME OF EVALUATION Time to service
Concept of JIT
Stocking program or delivery centre
Concept of CPFR
QUESTION_TYPE
DESCRIPTIVE_QUESTION
QUESTION_ID
20689
QUESTION_TEXT
Explain any five types of customers who store their products in
ware houses.
SCHEME OF
EVALUATION
Some of the types of customers who store their products in
warehouses are Given below
1.Customers having seasonal production:2 marks
2.Customers having seasonal demand:2 marks
3.Customers having large-scale production:2 marks
4.Customers requiring a quick supply:2 marks
5.Customers having continuous production:2 marks
QUESTION_TYPE
DESCRIPTIVE_QUESTION
QUESTION_ID
20690
QUESTION_TEXT
Briefly Explain various levels of stocks.
SCHEME OF EVALUATION
Different levels of stocks are:
1.Deficiency level:-
2.Exhaust bin level:
3.Buffer stock:4.Danger warning level:5.Re-order level:6.Maximum stock level:-2 marks each
QUESTION_TYPE
DESCRIPTIVE_QUESTION
QUESTION_ID
73488
QUESTION_TEXT
Discuss any Ten types of warehouses.
1. Private warehouses
2. Public warehouses
3. Government warehouses
4. Bonded warehouses
5. Co-operative warehouses
SCHEME OF EVALUATION 6. Work in progress warehouses
7. Finished goods warehouses
8. Distribution warehouses
9. Fulfillment warehouses
10. Local warehouses
(1  10 = 10 marks)
QUESTION_TYPE DESCRIPTIVE_QUESTION
QUESTION_ID
125941
QUESTION_TEXT What is warehouse? Explain the warehouse strategies.
SCHEME OF
EVALUATION
Meaning of Ware House: A warehouse is a building or an area or
facility where goods are stored. Warehousing activities involve the
administrative and physical tasks associated with the receipt, inspection,
storage, retrieval, and dispatch of goods. Warehousing is an important
function of a retail organization. When storage is done on a large scale
and in a specific mechanism, it is called warehousing. The place where
products are kept is referred to as a warehouse. Thus, warehousing refers
to the tasks associated with the storage of products on a large scale in a
organized method, which makes them easily available whenever
required. (2 marks)
Warehousing Strategies
Retailers need to adopt a variety of warehousing strategies to reduce the
overall logistics cost and stay competitive in the market. For example,
you as a retailer can maintain your own warehouse or can outsource the
warehousing functions to a logistics service provider. Some warehousing
strategies used by retailers are:
Capacity Switching: Refers to a warehousing strategy that uses seasonal
demand pattern of products for their storage. In this strategy,
organizations estimate the average monthly demand for their products for
a period of one year. Based on this estimate, a warehousing facility can
be planned by considering demand fluctuations and a period of high and
low consumption. (4 marks)
Cobbling:- Involves clubbing together the warehousing services for
similar type of customers by a third-party logistics and warehousing
service provider. For example, warehouse operators can club orders
together to provide services to their customers. This strategy helps in
operating costs. (6marks)
Hub Networking:- Refers to a warehouse strategy that is followed by
organization having huge logistics operations over a wide geographical
area. Organizations following this strategy set up their warehousing hubs
at specific locations. This facilities interaction among different supply
chain partners (such as dealers, wholesalers, distributors, and retailers (8
marks)
Out Sourcing:- Refers to the strategy used by organizations that do not
specialize in logistics and warehousing activities. These organizations,
whose activates are confined to their core business, suffer from supply
chain bottlenecks. To overcome this drawback, they outsource their (at
times entire) warehousing operations to third party logistics
providers.
QUESTION_TYPE
DESCRIPTIVE_QUESTION
QUESTION_ID
125942
QUESTION_TEXT What are the challenges in warehousing in retail sector?
Challenges in retail warehousing: There are several challenges in
warehousing in the retail business. These occur because of the changing
retail landscape and higher customers expectations. Some of these are:
SCHEME OF
EVALUATION
Speed: Today, the customer is more impatient than ever before. He/she
expects their demands to be fulfilled instantaneously. As a result,
retailers, especially those dealing in fashion products, do not have the
time they once had to forecast fashion for the next year, develop
products, test them in the markets, have previews for customers and then
launch them. Today, they have very little time to develop, manufacture
and deliver the product as required by the customer. To overcome this
problem, retailers are using some innovative techniques and ideas. For
example, Zara has introduced the concept of fast fashion that helps in
reducing the time consumed in completing the product lifecycle. The
response time is slashed. This results in speedy processes being adopted
in warehouse as well. (3marks)
Scope:- Now, retailers have a global perspective on the scope of their
business. As a consequences, they have to manage a supply chain,
including warehouses, spread across the globe. The search for low cost
production in far off locations requires them to establish warehouses at
centralized locations., which can service retails stores effectively. In the
present times, retailers consider global supply locations in order to lower
their procurement costs.
(6marks)
Availability :- In order to meet the dynamic demands of customers,
retailers need to ensure the availability of products demanded by the
customer’s at their stores. Now retailers are more focused on making the
products available on the shelves rather than having them stored in
warehouses and showing them as available in reports (8marks)
Information:- Data collection and analysis have added visibility to the
products available in the warehouse so that the retailer may plan the
display of products on the shelves. Data has become an essential enabler
in monitoring the flow of products from the warehouse to the
store.
(10marks)