Answer 1.

The term "inventory control" refers to keeping track of your inventory and controlling your
employer's inventory while it is being purchased, manufactured, stored and used. It manages the
entire flow of merchandise, from purchase to sale, and ensures that the right quantities of the
excellent item are constantly found in the best location in the exact segment. The goods that your
employer handles for the purpose of selling are referred to as stock. It can be raw components
that you buy and transform into something completely new, or it can be a mass product that you
disassemble and sell individually. It can even be something intangible along with software.
Inventory control refers to tracking inventory and inventory amounts as they enter and exit your
inventory. The exercise of buying, holding, using and distributing a company's stock is called
inventory management. This includes garage and processing of raw materials, parts and finished
goods and administration of raw resources, additives and end products.

There are several varieties of furniture and which ones you will manage are determined by the
products you offer. Here is an overview of a number of the most not unusual types you will
encounter:
• Finished goods / for sale: The goods you sell to your customers
• Materials to start with: The warehouse you rent to create your final products
Work -in-progress: Unfinished products are fixtures inside the center of the procedure.
MRO materials: MRO (protection, restoration and operation) is an acronym for protection,
repair and operation. It is the stock you have access to help in the production system.
• Protective stock: The extra stock you keep on hand in case of supply shortages or
increases in demand

Let us discuss the only types of inventory management strategies available in the industry and
the way these can be used by vehicle service except in robust control in their inventories:
1. ABC Inventory Management: ABC Inventory Management categorizes gadgets so that
they are of importance, with A being the most vital and C being the least valuable. ABC's
assessment is based on consumer units, stock price and the significance of the fee each year. Not
all cases are created identical, and extra interest must be shown in more well-known products.
ABC inventory management has benefits, including helping demand forecasts by assessing a
product's recognition over the years. It enables advanced time management and resource
allocation and the establishment of a step-by-step customer service strategy, inventory accuracy
and smart pricing.
2. Just in Time: JIT inventory management reduces the amount of inventory that a company
keeps available. JIT reduces inventory protection fees by keeping inventory parts small and
prevents times when deadstock - effective fixed capital - remains on the cabinets for several
months. JIT's benefits are that inventory costs are reduced, cash flow is increased and deadstock
is reduced. JIT's disadvantages consist of problems with assembly deadlines and inability to
execute orders quickly. There is little or no room for error. However, companies should be
extraordinarily agile and able to handle a significantly shorter production cycle. Stockouts are an
option.
3. Economic order quantity: Monetary order quantity, or EOQ, is a component that
calculates the most advantageous order amount for a company's inventory primarily based on a
set of characteristics consisting of general production prices, demand rate and various variables.
The overall reason for EOQ is to reduce related prices as much as possible.
Minimum order quantity: Minimum order quantity is the minimum quantity of fixed stock
that a provider is willing to promote. The retailer will not promote a product if retailers are
unable to reach MOQ. Stock items that are more expensive to deliver, for example, generally
have a lower MOQ than low-value gadgets, which can be more straightforward and extra cost-
effective to offer.
5. Counting the stock cycle: Counting a bit of stock on a safe day without making a
complete manual stock inventory is called cycle counting. It's a form of sampling that lets you
test how close your stock facts are to what you actually have on hand. This approach is used in
many companies' inventory management techniques because it guarantees that customers get
what they need when they need it, while keeping inventory costs to a minimum. Benefits of cycle
counting It takes less time and money to make a partial status statement than to make a complete
inventory statement. It is miles possible to achieve this without affecting operations, which
lowers inventory protection fees. The risk of cycle counting A partial inventory is much less
good size and accurate than a complete inventory. Seasonality may not be considered.
Therefore, car service stores can use multiple inventories as mentioned above techniques. ABC
inventory management would be the qualitative way to manage their inventory. Inventories can
be categorized among A, B, C and can consequently be managed.

Answer 2

The design of the facility is a method of expanding the use of production facilities by arranging
gadgets, fabrics, people, storage space and various support centers within the largest possible
well-organized and profitable way within the available ground space. Plant layout is quite
complicated because it includes concepts from engineering, architecture, economics and business
control. Maximum managers now understand that once a plant location has been chosen, it is
optimal to create the format first, instead of first building the shape and then shaping it into it.

Dimensions with plant format are:

clothing should be saved to a minimum.
• Maintaining balance in the procedures will help with industrial growth.
• Maintaining flexibility in events and operations while keeping current inventory turnover
high
• Material flow through the plant must be as easy as possible.
• Men, equipment and area are all used effectively.
• I improve the team's work ethic.
• System interference (ie interruption) must be kept to a minimum.
• Reduce the risks that employees face.

The four main types of plant format would be the following:

The format is named product type of layout, while all processing gadgets and equipment are
placed according to the product's series of sports. The essential information is transferred upon
termination of the platform. The road runs fast from one pastime to another and requires only a
few attempts according to the strategies, storage or handling of substances. Each workspace in
this kind of design generates the simplest kind of product at a time. It should be standardized and
mass-produced in large quantities to help the product layout.
Process or functional layout: The procedure plan is advantageous, while only a little product
is needed. If the goods are not standardized, the system form is much less attractive as it offers
less flexibility than other options. In this organizational style, the units are not organized
according to the order of operations, but rather according to the form or type of operations. This
layout is often used for non-repetitive tasks. Similar types of operations centers are earned
together. For example, all lathes are grouped; all drills are grouped, etc. As a result, the method
at the site is dictated by the system available in that region.
3. Fixed or Position Layout : This type of design is the least essential in today's industrial
business. Various components, equipment, machinery, effort and necessary facilities are
provided for this place. In contrast, the most critical components of this kind of association
remain in the region. Because the primary aspect or body of the product is just too heavy or
massive to transport, it is miles more cost effective and less challenging to move the critical tools
and unit to the workplace along with the workforce. This pattern is used, among other things, in
the production of boilers, hydraulic and steam generators and ships.
Flexible or combination layout: One of the layouts mentioned above is hard to see in its
pristine form in recent times. As a result, the layouts used in industries often compromise the
above patterns. Each design has its own set of pros and cons. As a result, industries choose to
take on any kind of layout.

Remember your goods, intentional consumer behavior and available square meters when
choosing a subscription in your retail store. Consider the grid if you have a whole lot of unique
products. In free-flow setups, a small amount of products can also work fine. Remember to
combine loop and free-flow designs if you want buyers to take their time and look around. The
bones in your load of savings material can have a significant impact on your sales.

For a retail store, we will use a "Grid Keep layout." in the retail industry; the grid pattern is the
most common store layout. While a business has many things (especially different kinds of
products), or when a retail site online wants to optimize an area, it is used in supermarkets,
pharmacy stores and many large retail stores with packaging containers.

Advantages of the Grid layout:

• It is easy to classify objects.
• Customers are familiar with the grid layout and can easily keep it.
Disadvantages of the grid layout:
• It's silly and it's hard to take advantage of this style to give customers a "shopping
experience".
• Customers can not always quickly get what they need.
• A customer's visibility is limited, which requires them to look up and down the hallways.
Visible "breaks" are required to keep clients involved.

But because the grid layout is so ubiquitous in retail, it is nicely researched and merchants are
well versed in using it to enhance income conversion. Here are some examples of ways they can
achieve this:
• Campaigns that are strategically placed. In reality, it is at eye level and slightly to the left.
If your turn is counterclockwise around a grid, you may notice that it is a bit in advance. This
implies that the promotion may be at eye level and slightly to the left of where you are walking.
In corners, cross the cases omitted.
• Walls of power. In an online fashion store, you can use the reality that you can maximize
your wall space to create electric walls. Energy walls allow you to showcase objects to attract
customers to an area that in all other cases could be omitted due to the patterns of ordinary
website visitors. Stores use repetition by displaying an extensive selection of similar products on
the wall, sometimes in different colors or sizes.
• Visual presentations and abandonment caps Aisle fixtures should come to an end, and the
extremes of such aisles are generally perfect real estate for a product exhibition.

The planned utilization of the location in a store layout (whether it is actual or digital) affects the
customer's enjoyment. Customers' purchasing selection is inspired by how they relate to your
products.

Answer 3a

The location of the restaurant is crucial to its success. Many factors should be examined before
deciding on a placement, and much wonder and coaching should be included in the choice. As a
result, we need to compile a comprehensive checklist for choosing restaurant sites that you need
to evaluate before deciding on a place for your restaurant.

For the location of a restaurant, we have assumed that the city is Delhi. Since Delhi is a metro
city and it has got a good morning in addition to the night crowd. The following should be
considered when picking up the proximity of the place to a restaurant:
• Front-end location: An excellent front-of-residence region can also make a significant
difference in achieving your business. Unlike the other places, a restaurant closer to the front of
the building has excellent visibility and provides maximum pedestrian traffic. Customers
regularly choose the restaurant. This is immediately next to them. Customers are less likely to go
to your restaurant if it is not easily visible or requires them to take a detour.
• Upper floor or roof terrace: Regions on the upper floors should usually be avoided while
choosing a restaurant area. Customers have difficulty attending the top restaurant due to the lack
of view on the roof. If you really need to open your restaurant on a higher narrative, make sure
the building has an elevator. Customers like rooftop restaurants. But they come with their very
own problems. The rooftop eatery may not have a kitchen on the top stage to get an alternative
license. As a result, you might have another reason to set up the kitchen. This can be a problem
because you will require a premium number of employees to send food to the roof.
• Access and parking: Easy access to the restaurant and close to parking is an important
feature of the location of the restaurant facilities, which should no longer go unnoticed.
Customers are also expected to choose a new restaurant to dine at if they are unable to reach the
restaurant speed. The supply of parking is also crucial for the fulfillment of the area. Customers
will honestly visit every other eatery where they can park efficiently if yours does not have a
dedicated parking area.
• Building facilities: Take a look to understand if the building you have chosen in your
restaurant contains the features you are looking for. A restaurant's performance depends
primarily on its region, which must be appropriately packaged. In restaurant construction, there
must ultimately be energy backup normally. A toilet is also a need to have at a restaurant and
should not be left out while choosing a place.

Therefore, we will conclude that the beginning of the preliminary intervals in the establishment
of a restaurant is to decide a place.

Answer 3b

A company's business approach can be completed based on recommendations for forecasting

demand. Upon completion of business strategies, a company may move back from the final sales
unit to the uncooked substances that are crucial. As a result, annual and quarterly plans are
divided into labor, raw materials, working capital and various medium-term requirements (6
months to 18 months). Combination planning is the technique of determining production
requirements for a medium-term period.

Overall planning is crucial for the organization because it seeks to create stability among long-
term strategy plans and rapid production results. Even before the mixing planning phase can
start, the following variables must be considered:
• A complete list of available production facilities and raw materials is required.
• A reliable forecast of demand for the interim period is available.
• Financial planning for production prices, such as raw materials, efforts, stock planning,
etc.
• Organizational rules on work management, quality management and so on.

Companies can choose from 3 different kinds of overall planning strategies. The following are
the details.
• Level strategy: As the name suggests, the goal of the stage strategy is to keep production
rates and workforce phases stable. An excellent way to beautify or reduce production in
anticipation of lower or additional consumer demand, the company wants a robust forecast
demand. The advantage of a degree plan is that it ensures a consistent workforce. Excessive
inventory and accelerated backlogs are dangers of grade technology.
• Chase strategy: As the call suggests, the chase strategy seeks to shape supply demand
dynamically. Lower inventories and backlogs are advantages of the hunting method. Decreased
productivity, poor size and a depressed workforce are all disadvantages.
• Hybrid strategy: As the name suggests, the hybrid approach seeks to create stability
between level and hunting strategies.

Overall planning is crucial to implementing the organization's long-term goals. Combining plans
helps in the following regions:
• Increase profitability by lowering universal variable prices and boosting the bottom line.
Utilization of the existing production facilities to the greatest possible extent
• Customer satisfaction can be accomplished by matching demand and reducing customer
waiting times.
• Reduce storage fees and meet schedule goals, resulting in a happy workforce.
As a result, we will conclude that the aggregate planning helps to achieve a balance between the
company's operational, financial and general strategic goals. Overall planning guarantees that the
hard work, inventory, and production costs are all planned by the organization's strategic goals
and objectives. It acts as a control platform for capacity and demand forecasts.