Page 109 - DMGT553_RETAIL_STORE_MANAGEMENT

Retail Store Management

Notes 5. How will you explain stock out?
6. Explain the Just in Time (JIT) technique.
7. What is the significance of having Re-order lead time?
8. Explain Economic Order Quantity (EOQ).

9. What is the importance of Batch control?
10. Explain first in, first out method.

Answers: Self Assessment

1. future 2. replenishes
3. crisis 4. lead time

5. beyond 6. False
7. False 8. False
9. False 10. False
11. Stock taking 12. annual
13. audit 14. continuous

15. different

6.7 Further Readings

Books Berman B. Evans J. R., (2004), Retail Management, 9th Edition, Pearson Education
Berman, Barry. Evans, Joel R. Mahaffey Tom (2005). Retail Management: A Strategic
Approach, Pearson Education
Gopal, R. Manjrekar, Pradip, (2010), Retail Management, Excel Books, New Delhi
Iyer, B. Sriram, (2011), Retail Store Operations, Tata Mc Graw Hill
Levy I. M. and Weitz B.A., (2004), Retailing Management, 5th ed. Tata McGraw Hill

Levy, Michale & Barton. Weitz, A., (2003), Retailing Management, Tata Mc Graw
Hill.3rd ed.
Menon, K. S., (2006), Stores Management, 2nd Ed. Macmillan India

Sivakumar, A., (2007), Retail Marketing, Excel Books, New Delhi

Online links doc.openerp.com/v6.0/technical_guide/stock.html
en.wikipedia.org/wiki/Stock_management

www.business.vic.gov.au/operating-a /managing/managing-stock
www.tutor2u.net/business/.../stock-management-other-aspects.htm

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