Nmims Best April-May 2023 Assignments – When a retailer has problems with a supplier, what options does the retailer have? Please Comment.
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Mar, 2023
Nmims Best April-May 2023 Assignments – When a retailer has problems with a supplier, what options does the retailer have? Please Comment.
Nmims Best April-May 2023 Assignments – When a retailer has problems with a supplier, what options does the retailer have? Please Comment.
Nmims Best April-May 2023 Assignments – When a retailer has problems with a supplier, what options does the retailer have? Please Comment.
Retail Store Operation and Inventory Management
“Innovation” is a popular retail store in Bengaluru that sells various products of day-to-day use. This includes apparel, footwear, accessories, grocery items, consumer electronics etc. The store has four floors where specific categories of merchandise are arranged in different sections. The store remains particularly crowded during weekends.
The store has faced several instances of shoplifting. An initial analysis of situation revealed the fact that the store has a lot of small items which could be easily picked up by shoplifters.
Involvement of inner staff is also suspected in pilferage.
What measures do you think are to be taken to prevent shoplifting and pilferage from “Innovation”? (10 Marks)
“B – Mart” is an online bookstore started by Vinod Juneja 2 years back when he realised that an online bookstore can accomodate more titles than a brick and mortar store. First virtual store of “B-Mart” opened last year with more than 1.4 million titles. Now the co. wants to expand offering diverse products other than books such as apparel, beauty, electronics items, video games, furniture, food and toys. What is the IT infrastructure required to be created by the co? Also, explain key success factors of “B-Mart”. (10 Marks)
“The retailer buys in good faith”, the Merchandiser of Apparel retailer “Fashion House” complained. “But when the merchandise has poor workmanship, has been delivered late, or is substituted in colour and style, the burdon of proof is on retailer, who must write for authorization to return goods. Then if the manufacturer uses a factoring company, there is often a problem in getting credit for merchandise returned.
Should the retailer buy in good faith? Please explain. (5 Marks)
When a retailer has problems with a supplier, what options does the retailer have? Please Comment. (5 Marks)
When a retailer has problems with a supplier, what options does the retailer have? Please Comment.
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