Вопрос
d) You have been invited to conduct an induction course for newly employed procurement officers. Explain functions of the stores manager in service firm. [6 Marks]
Решения
4.2
(294 Голоса)
Хвалимир
мастер · Репетитор 5 лет
Ответ
The functions of the stores manager in a service firm include inventory management, supply chain coordination, cost management, resource allocation, quality control, record keeping and reporting, and team management.
Объяснение
The question asks for an explanation of the functions of a stores manager in a service firm. This is a business-related question, specifically dealing with the management and operations side of a service firm. The stores manager plays a crucial role in ensuring that the firm has the necessary materials and resources to operate efficiently. Their functions typically include:1. **Inventory Management**: The stores manager is responsible for managing the inventory of the firm. This includes ordering supplies, managing stock levels, and ensuring that there is an adequate supply of materials needed for the firm's operations.2. **Supply Chain Coordination**: The stores manager coordinates with suppliers and other stakeholders in the supply chain to ensure timely and cost-effective procurement of materials. This involves negotiating with suppliers, managing delivery schedules, and ensuring quality control.3. **Cost Management**: The stores manager plays a key role in managing costs related to materials and resources. This includes negotiating better prices with suppliers, managing inventory to reduce waste and obsolescence, and implementing cost-saving measures.4. **Resource Allocation**: The stores manager allocates resources effectively to meet the needs of the firm. This involves determining where resources should be allocated to maximize efficiency and minimize costs.5. **Quality Control**: The stores manager ensures that the materials and resources procured meet the quality standards required by the firm. This involves inspecting goods upon receipt, managing quality control processes, and ensuring compliance with industry standards.6. **Record Keeping and Reporting**: The stores manager maintains accurate records of inventory, purchases, and other related transactions. This involves preparing reports on inventory levels, cost analysis, and other relevant metrics to provide insights into the firm's operations.7. **Team Management**: In larger firms, the stores manager may also be responsible for managing a team of procurement and inventory staff. This involves training and supervising staff, setting performance goals, and ensuring that they adhere to company policies and procedures.These functions are essential for the smooth operation of a service firm, as they ensure that the firm has the necessary materials and resources to deliver its services effectively and efficiently.