STORES Management by Priyanka & Pushkar

8/9/2019 STORES Management by Priyanka & Pushkar

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MADE BY : PRIYANKA NANGIA R.NO-

29

PUSHKAR MITTAL

R.NO-30

STORES MANAGEMENT


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WHY STORES MANAGEMENT?

y Raw material consumes maximum amount of the

investment in a company. And highest amount of

cost reduction can be done in this area only.

Hence stores play a major role as far a company

is concerned. And if this raw materials are not

stored efficiently they will get deteriorate and

there by causing big loss to the company.


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Nature of Stores

Store as building where inventories are kept.

Storage is the function of receiving, storing, and

issuing materials.

Stores ensures ready accessibility of major

materials there-by efficient service to users.

Minimization of stores cost, and continuous

supply is the prime function of stores.

Stores layout is a fundamental factor indetermining the efficient performance of stores

department.


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A satisfactory storage system compromisesbetween the use of space and the use of time.

Random location means that items can bestored in any storage position which isavailable.

Keeping stock on one side of the aisle in whichcase the layout is called comb type .

Stores manual is a written statement of policies, and procedures.


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The major responsibilities of

Stores are:

y Identification of all material stored.

y Receipt of incoming goods.

y Inspection of all receipts.

y

Storage and preservation.y Materials handling.

y Packing.

y Issue and dispatch.

y Maintenance of stock records.

y

Stores accounting.y Inventory control.

y Stock-taking.


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Types of Stores: Functional: depending on the use to which the

material is put chemical, tools, raw materialsstores, etc.

Physical: depending on its size and location central stores, sub-stores, sites stores, etc.

y Types of Functional Stores includes:

Raw material store, Production Store, General Store, Tools Store,Salvage Store, Packing Store, Spare parts Store, Receipt Store,Quarantine Store, Finished Goods Store, Work-in-progress Store,

Stationary Store, Bonded Store, Refrigerated Store, FlammableMaterials Store, Dehumidification Store, Transit Sheds, Dry tanks, Shedstorage, Open Yard.

y Types of Physical stores includes:

Central Store, Sub-store, Departmental Store, Group Store, SiteStore, Transit Store, And so on.


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TYPE OF STORE LAYOUTS

yA well-planned retail store layout allows a retailer

to maximize the sales for each square foot of the

allocated selling space within the store.

y

Store layouts generally show the size andlocation of each department, any permanent

structures, fixture locations and customer traffic

patterns.

y

Each floor plan and store layout will depend onthe type of products sold, the building location

and how much the business can afford to put into

the overall store design.

y

Below are a few basic store layouts


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The straight floor plan is an excellent store layout for most any type of retail

store. It makes use of the walls and fixtures to create small spaces within the

retail store. The straight floor plan is one of the most economical store designs.

Straight Floor Plan


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Diagonal Floor Plan

The diagonal floor plan is a good store layout for self-service types of retail stores.

It offers excellent visibility for cashiers and customers. The diagonal floor plan

invites movement and traffic flow to the retail store.


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Angular Floor Plan

The angular floor plan is best used for high-end specialty stores. The curves

and angles of fixtures and walls makes for a more expensive store design.

However, the soft angles create better traffic flow throughout the retail store.


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Geometric Floor Plan

The geometric floor plan is a suitable store design for clothing and apparel

shops. It uses racks and fixtures to create an interesting and out-of-the-ordinary

type of store design without a high cost.


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Mixed Floor Plan

The mixed floor plan incorporates the straight, diagonal and angular floor plans

to create the most functional store design. The layout moves traffic towards the

walls and back of the store.


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Free-Flow Layout is a type of store layout in which fixtures and

merchandise are grouped into free-flowing patterns on the sales floor.

Free-Flow Layout


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The Disney Stores Effective Use of the

Free-Flow Design

y Approximately 250 millionconsumers visit Disneysentertainment retail outlets

each year. New store designsshowcase merchandise in anengaging and contemporaryfashion, keeping pace withevolving retail trends.Technological elements -

including a front-of-storemedia wall that engagesguests with Disneyprogramming, and interactivekiosks-setting the stage forthe Disney Store in the 21stcentury.


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y Place where customers will need them:

y Front Ad Display

y Oil Rack

y Chemical Wall

y The more customers can carry, the more they buy!

CustomerConvenience


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Visual Merchandising


Is the artistic display of merchandise and

theatrical props used as scene-setting decoration

in the store.


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Suggestion positioning. Oncethe customer has already

purchased one item, its easier to

sell an additional item. Thusapparel retailers strategically

place impulse buys like hair

bows and costume jewelry by the

cashier the same way

supermarket checkouts display

candy and magazines.


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Color is king. Retailersbelieve consumers are

more apt to buy clothes

that appear in full size

and color assortments.


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Its all in the display.When an item, such as a

watch or a scarf, is

displayed in a glass

case, it implies luxury. An

item in a glass case with

a lot of space around it

implies real luxury.

LO 3


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Lead them to temptation.Department-store design

incorporates a gauntlet of

goodies to stimulate

impulse buys.

Cosmetics, a stores

most profitable

department, shouldalways be at the main

entrance to the store.


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Heres sampling of thetechniques stores use togenerate those sales:Getm coming and going.Escalators are a focalpoint of many stores.That makes them ideallocations for promotionalsigns and for impulse

items like perfume.


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CONCLUSION:

y Thus it can be conclude that stores play a very

important role in any company. The success of

the company to much far extend depends upon

the full utilization of the raw materials and the

level of efficiency and effectively they are handled

with. And all the companies aim that the materials

are handled efficiently and effectively. And the

attempt is made to keep the inventory carrying

cost to the minimum.


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The Best Business Plan

The Best Processes

The Most Efficient Operation

The Best Pricing

The Most Inventory

Wont Guarantee Success!

All things being equal............

The Store With The Best

People Wins!!


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STORES Management by Priyanka & Pushkar

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