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ASSIGNMENT NO 01
DUE DATE: MAY11, 2016
MARKS: 10
TOPIC: Decision Making
Learning objective:


The objective of this assignment is to know what operational strategies has to be adopted by a manager while taking practical decisions.

Scenario:
Ahmed & Co. are the importers and distributers of consumer goods in Pakistan. They have now planned to expand their business and to start a chain of mega stores in various cities. The CEO of Ahmed & Co is complacent of the fact that direct entry into retailor market would lead to the prospect of amplifying their financial fortune. For this business venture, the management has divided the market into three major regions South, Central and North.

Questions:
Suppose you are the Operations Manager of central region which is slightly concentrated market and may face comparatively higher competition. Being the Operations Manager;
1. How will you evaluate this plan of new investment?
2. What kind of responsibilities you have to perform to transform the new venture into a prosperous business.

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Answer:01

We are evaluating investment opportunities in high-risk new venturesbusiness angels decipher  their options by adopting a focused and specific approach. we want to know at the end of the day is whether the business proposal we are about to assess is capable of generating a determined return on our investment, and also, what role is expected for both the money required, and of ourselves!  In shortwe want to know why and for what the money is raised. There is a market that has an appealing growth potential. It has the sector in which the venture attempts to operate been adequately evaluated, i.e., entry barriers, new entrants, substitutes, customers, suppliers, etc. there is  the profit potential in the Retail sector. It has  an economically, and conceptually viable, business model, which has a focused and differentiated strategy.

Answer.02

The necessary Job Skills for a Retail Operations Manager

 

 

Answer:01

We are evaluating investment opportunities in high-risk new venturesbusiness angels decipher  their options by adopting a focused and specific approach. we want to know at the end of the day is whether the business proposal we are about to assess is capable of generating a determined return on our investment, and also, what role is expected for both the money required, and of ourselves!  In shortwe want to know why and for what the money is raised. There is a market that has an appealing growth potential. It has the sector in which the venture attempts to operate been adequately evaluated, i.e., entry barriers, new entrants, substitutes, customers, suppliers, etc. there is  the profit potential in the Retail sector. It has  an economically, and conceptually viable, business model, which has a focused and differentiated strategy.

Answer.02

The necessary Job Skills Operations Manager

 

 

operations manager is  in charge of a lot more than a single departments. Often the operations manager is in charge of general oversight for several different retail locations. Having a background in retail, business management or a combination of the two is helpful when seeking this type of position. When considering applying to a retail operations manager opening, check to make sure that your skills meet the basic job requirements.

Employee Management

A retail operations manager is responsible for making sure that all stores under his or her leadership are staffed correctly at all times. They provide employee operations manuals to store managers and help to provide employee training when necessary. The operations manager must be able to accurately estimate the needs of each store location and work with the store's management to solve conflicts, make sure that scheduling needs are met and assist in improving employee performance and retention. This involves periodic site visits to check employee performance and gauge customer satisfaction.

Inventory Analysis

A large part of the retail operations manager's job is to control costs. operations manager must be able to forecast sales figures and inventory requirements for each location. This requires doing a periodic inventory analysis for each store and using that analysis coupled with sales figures to determine the optimal stock levels. This analysis is used to determine how much of each product or brand should be ordered for each store, when it should be delivered and encourages ordering protocols to optimize store stock to build sales figures without overstocking.

Visual Merchandising

Visual merchandising in retail refers to how the store is set up aesthetically for customers. The idea is that the more visually appealing a store is, the more customers are likely to shop there. The retail operations manager must be able to determine a layout of store merchandise that is visually appealing to consumers. You should then be able to instruct the store's management and employees on how to maintain the design with the arrival of new merchandise. Another consideration is teaching the store's employees how to optimize space for special events, such as in-store discount sales.

Cost Management

Cost management is another large part of a retail operations manager's role. Operations manager must constantly review store sales numbers, cost of inventory, operational expenses and inventory loss. This continual analysis helps to determine whether or not the store is meeting its goals. From this point the operations manager can also develop a plan to suggest to management how each location could change in order to maximize profits and reduce loss at the store level.

 

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