store management in supply chain management

8/4/2019 Store Management in supply chain management

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Store Management

AMIT KUMAR ROY

1014370005


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Store Management & itsfacets

It is defined as that aspect of material controlconcerned with the physical storage of goods. It isconcerned with ensuring that all the activities involvedin storekeeping are carried out efficiently &

economically.

Principle facets of store management:-

Managing the stores.

Store layout, design & visualmerchandising.

Customer service.

Retail selling.


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Principle Objectives of stores

Minimizing material handling costs.Maintaining the value chain.

Proper inventory evaluation.Establishing co-ordination between

departments.

Services to user departments.Acting as buffer stock.Aids in time utility of the product.


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Types of stores

CentralizedStores

A wholesale supplier to other units. It aids in bettercontrol.

Decentralize

d Stores

Different Departments having there own stores.

CentralStore withSub Store

Main Store serving as a base to each unit of production.

Tool &Misc. Store

Responsible for issuing accessories to differentdepartments.

Warehouses

Go-downs serving the responsibility of storage of goodsin systematic manner.


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Factors affecting location ofstores.

Proximity with user departments.Security considerations.

Types of materials.Ease of transport.Good material control.

Scope for future expansion.Avoidance of boredom


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Store Layout

Defined : Physical arrangement of storage facilities forefficient receipt, storage and issue of materials is calledlayout of stores.

Factors affecting store layout: Type of stock: Deciding on nature and size of

materials to be stored. Volume of stock: Sufficient passages for un-

interrupted handling. Availability of space: Inadequate space leads tocongestion. Too much space increases cost.

Physical factors: Lighting, ventilation, controllednoise.


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Store Layout Types

Comb Layout

Stock is kept on one

side of aisle.

Tree Type Layout

Goods are placed on

either side of aisle.

Store Procedure: Material planingReceipt of material.

Storage of material.Documentation.Issue of materials.Valuation of stock.(FIFO,LIFO,HIFO).


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Achieving Competitive Advantage


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Business process & info 4store management


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Wal*Mart stores-Mike duke

Wal-Mart Stores

The flagship retail division of Wal-Mart Stores, Inc.

36 departments including family apparel, health & beauty aids,household needs, electronics, toys, fabrics & crafts, lawn & garden,

jewelry and shoes

Operate on an "Every Day Low Price"philosophy and are able to maintain their

low price structure through conscientiousexpense control .

Provide departmental directories, 24-hourservice, and self-scanning registers for fast,efficient checkout service


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Closure Note

Supply Chain Management (SCM) was once a "pie in thesky" concept that could not be fully achieved. A key barrierwas the cost of communicating with and coordinating

among the many independent suppliers in each supplychain.

SCM is possible because of three changes:Technology has developed that simplifies

communication.

New management paradigms have developed thatare shared among supply chain members. coordination efforts. and the development of a highly

trained workforce .


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References

Supply chain management- R.V.ALTEKARSCM Concepts & Cases- Sunil chopra.

www.ibm.com/stores/managementwww.store.walmart.comwww.casestudynic.in/scmLogistics & supply chain management- D.K

AgrawalSupply chain management- THAKUR

PUBLIC.N.
http://www.ibm.com/stores/managementhttp://www.store.walmart.com/http://www.casestudynic.in/scmhttp://www.casestudynic.in/scmhttp://www.store.walmart.com/http://www.ibm.com/stores/management


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store management in supply chain management

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