ML0012-Store Operations

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ASSIGNMENT

DRIVE	SUMMER 2014
PROGRAM	MBADS (SEM 3/SEM 5) MBAFLEX/ MBAN2 (SEM 3) PGDROMN (SEM 1)
SUBJECT CODE & NAME	ML0012-Store Operations
BOOK ID	B1763
CREDIT	4
MARKS	60

1 “Store security relates to the security and safety of store staff and merchandise Kept in the store”. Comment

Answer: Maintain the Content Store

You can find and fix inconsistencies within the content store or between the content store and external namespaces.

You can create content maintenance tasks and run them on demand. You can run content maintenance tasks at a scheduled time or based on a trigger, such as a database refresh or an email Trigger-based Entry Scheduling. You can schedule content maintenance tasks as part of a job Use Jobs to Schedule Multiple Entries, or as part of an agent Agents. You can also view the run history of content maintenance tasks View the Run History for Entries.

Content maintenance tasks can check for inconsistencies within the content store due to missing data or obsolete data or between the content store and external namespaces.

Internal Content Store Maintenance

Missing data within the content store may cause updates to fail. Obsolete data may prevent you from creating new objects. When a content store maintenance task fixes the content store, it adds default values for the missing data, which you can update later. It also permanently deletes any obsolete data. To ensure that you do not lose any data that you wanted to keep, we recommend that you choose the find mode first and check the results before fixing the content store.

When you find and fix the data, the content store is not fixed while the content maintenance task is running. Instead, Content Manager fixes the inconsistencies in the content store the next time it starts up.

Important: After you run a content maintenance task to find and fix the content store, back up your content store before you restart Content Manager.

We recommend that you perform internal maintenance checks regularly, but it is particularly important to do so before you upgrade, to ensure the consistency of the content stores.

Content Store Maintenance on External Namespaces

When you delete users in your authentication provider, the user account information remains in the content store. You can use the IBM® Cognos® Administration to find user information that still exists in the content store and fix the content store by deleting any users that do not exist in your external namespaces. You can also delete individual user profiles from the content stores Managing User Profiles.

If you want to run a content maintenance task on more than one namespace, do one of the following:

If you want to run the content maintenance task now, simply log on to the namespaces and create the content maintenance task.

If you want to schedule a content maintenance task to run in the future or on a recurring basis, keep in mind that a scheduled content maintenance task runs against the namespaces that you select when you create the content maintenance task. Before you schedule a content maintenance task, ensure that your credentials contain logon information for each namespace by renewing the credentials after you log on to every namespace that you select to run the content maintenance task against.

2 “Layout for a store must be decided keeping in mind some factors”. Explain

Answer: When planning to put up a business in-store or online business store, one of the things that should be given careful thinking is your store layout. It should be attractive and impressive enough to win customers or buyers. This is done by arranging the goods inside the store or on your webpage or website attractively. The focus of this document will be more a physical store establishment rather than of an online store.

If you have Retail Store, Factory Outlet, or any store establishment you need to think of your inside arrangement which will refers to the display area

3 What are the different classification of retail merchandise? on the basis of nature on the basis of usability and condition of merchandise

Answer: Classification on basis of Nature of Merchandise:

Merchandise Inventory is the largest asset for most merchandising business. Keeping the right amount of inventory in stock can be challenging. If you have too much inventory, you are spending your cash for items that are not selling. If you do not keep enough inventory in stock and you run out of items, you may lose customers to the competition. It is important for a merchandising business to maintain an inventory system that will help keep the right amount of inventory on hand. With good records, managers can determine what is selling well and what is not. By comparing one period to the next, it will be easier to predict when to order additional items. To make this easier, many

4. “The HRM objectives in a retail organization serve as the standards against which performance is evaluated”. Comment

Answer: Objectives of Human Resource Management can be classified under four major categories.

·         Societal

·         Organizational

·         Functional

·         Personal

Societal

5. Explain the principles of merchandise handling.

Answer: 1.To examine nonfinancial merchandise planning and management

Developing and instituting a merchandise plan is a key element in a successful retail strategy. Merchandising consists of the activities involved in a retailer's buying goods and services and making them available for sale.

2.To outline the merchandise buying and handling process

This is an integrated, systematic way of acquiring and processing merchandise. It consists of ten steps:

·         setting up a buying organization;

·         outlining merchandise plans;

6. Write short notes on:

a)Assortment Strategy

Answer: Assortment refers to the number of SKUs within a merchandise category, group or department(depending on the retailers reference).

Assortment planning is the process to determine what and how much should be carried in a merchandise category. Assortment plan is a

b) Rejection

Answer: Brand managers spend considerable time and resources attempting to understand the factors that influence consumer purchase decisions. The primary objective of such efforts is to increase the perceived value of a product offering and thereby increase brand preference among target consumers. However, while it is important to know the reasons

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