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Retail Store Operation and Inventory Management
1. The right selection of location of stores is crucial to the success of the store. A Jewelry Brand “Pure Gems” wants to open a store in an upcoming smart city of India. The Unique Selling Proposition (USP) of “Pure Gems” is “Purity of Product”. Therefore its products are costlier than the competitors’ products.
What are the steps involved in selecting a location by “Pure Gems” to open a retail store in an upcoming Smart City. (10 Marks)
2. “Big Market” is a popular retail store in Chandigarh 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 “Big Market” ? (10 Marks)
3. “The retailer buys in good faith”, the Merchandiser of Apparel retailer Paridhan 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.
a. Should the retailer buy in good faith? Please explain. (5 Marks)
b. When a retailer has problems with a supplier, what options does the retailer have? Please Comment. (5 Marks)
For Nmims Assignments Contact
[email protected]
+91 95030-94040
doc_644533690.docx
For Nmims Assignments Contact
[email protected]
+91 95030-94040
Retail Store Operation and Inventory Management
1. The right selection of location of stores is crucial to the success of the store. A Jewelry Brand “Pure Gems” wants to open a store in an upcoming smart city of India. The Unique Selling Proposition (USP) of “Pure Gems” is “Purity of Product”. Therefore its products are costlier than the competitors’ products.
What are the steps involved in selecting a location by “Pure Gems” to open a retail store in an upcoming Smart City. (10 Marks)
2. “Big Market” is a popular retail store in Chandigarh 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 “Big Market” ? (10 Marks)
3. “The retailer buys in good faith”, the Merchandiser of Apparel retailer Paridhan 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.
a. Should the retailer buy in good faith? Please explain. (5 Marks)
b. When a retailer has problems with a supplier, what options does the retailer have? Please Comment. (5 Marks)
For Nmims Assignments Contact
[email protected]
+91 95030-94040
doc_644533690.docx