PDF-The Future of Retail Inventory Management

Technology advancement has changed almost all sectors of human life including the retail world While retail has been. Chapter Fifteen. Copyright © 2014 by The McGraw-Hill Companies, Inc. All rights reserved.. McGraw-Hill/Irwin. List the key assumptions of each inventory method.. Calculate the cost of ending inventory and cost of goods sold for each inventory method.. Chapter Eighteen. Copyright © 2014 by The McGraw-Hill Companies, Inc. All rights reserved.. McGraw-Hill/Irwin. List the key assumptions of each inventory method.. Calculate the cost of ending inventory and cost of goods sold for each inventory method.. Course Objectives. Explain What is Retail Management. Describe the Benefits of Retailing. Explain the Retail Selling Process. Explain the Classification of Retailers. Explain the Components of Retailing Concept. STRATEGIC PLANING IN RETAILING. Retail Strategy. An overall plan for guiding a retail firm. Influences the firm’s business activities. Influences firm’s response to market forces. Six Steps in Strategic Planning. Lumensoft. Technologies. Company Formed in Year 2000. Started working on CANDELA RMS in 2002. Product Company focused on Retail. Developed Partner Network in Pakistan & Abroad. Customer Focused Organization. 1. May 2011. Plant Assets. Land. Buildings. Improvements Other Than Buildings (IOB). Roads, parking, sidewalks. Usually called Infrastructure. Equipment. Both Movable and Fixed. Property Inventory. 2. Dr. Ron Tibben-Lembke. Purposes of Inventory. Meet anticipated demand. Demand variability. Supply variability. Decouple production & distribution. permits constant production quantities. Take advantage of quantity discounts. Dr. Ron Lembke. Two Questions. Two main Inventory Questions:. How much to buy?. When is it time to buy?. Also:. Which products to buy?. From whom?. Types of Inventory. Raw Materials. Subcomponents. Work in progress (WIP). Original blog posting . (September 23, . 2015). Home Depot. Largest home improvement specialty retailer, with more th. an 2,200 retail stores in North America. Home Depot had revenues of more than $83 billion for its fiscal year ending February 1, 2015. Chapter 18. Supply chain vs. Logistics . Supply chain management. Supply chain management, then, is the active management of supply chain activities to maximize customer value and achieve a sustainable competitive advantage. . The mobile revolution—and particularly the invention of the iPhone ® —placed retail in the palms of our hands. Commerce platforms soon became out of sync with the experience the iPhone c Inventory control means having the right product in the right quantity at the right
time. In industry, a lot of products are used for making one product. So, inventory
management is a crucial part of any industry. Small businesses are facing more
difficulty in stock management. “my stuff organizer app” makes it simple. Dr. Akshita Sharma . Asst. Prof. (MSMSR). MATS University, Pandri, Raipur (C.G.). Text Book. Lamba. A, ’Retail marketing’, TMH . Barry Berman and Joel R Evans, ‘Retail Management A strategic approach’, Pearson Education . Athletics. . Ireland. Athletics Ireland is the National Governing Body for athletics in Ireland. Our primary objective is to promote and develop the sport at every level from recreational running and school’s competitions through to supporting...