ADM 1002: Principles of Assets, Maintenance and Risk in Retail - Management Assignment Help

Assignment Task:

Task:

Assignment objective

The objective of this assignment is to understand the importance of assets in retail, as well as the maintenance of those assets. The assignment goes further to analyse the risk management process in retail. Most importantly, students need to understand the relationship between investments in assets, maintenance of the assets as well as the management of risk in retail to minimise operational costs of their businesses. The Assignment You are working as the Operations Manager of a leading national retail chain store in South Africa and your organisation is looking at ways to improve their asset, maintenance and risk management strategies. Discuss in detail what the company’s asset management strategy and maintenance is to this retail business, highlighting areas that need improvement. In your discussion, outline the asset management principles, and asset management practices they have in place for its retail stores across South Africa. What challenges has your retail business faced the most as far as maintenance is concerned what types of maintenance are you planning to invest in the most? Finally yet importantly, outline the different types of risk that this retail business faces in South Africa, as well as the risk management process that they have undertaken to mitigate these risks. In summary, write your assignment report that describes and evaluates the retailer’s assets, maintenance and risk management strategy. Use the notes provided on this Unit 1 & 2 as a basis, as well as your own extensive research on the internet.

Your assignment will cover the following sections:

1. Introduction- describe what you are going to do in this assignment and why. Demonstrate an understanding of the importance of asset management and maintenance and risk management in retail for a leading retail chain store in South Africa.

2. Describe the importance of asset management, key principles and the use of asset management by this retailer for their business. This section should cover the store’s asset management strategy, practice and principles.

3. Describe the retail business’ maintenance policy, the practice, and the steps they have taken to invest in maintenance. Substantiate your answer.

4. Describe the three most risks that this retail organisation faces or has faced in South Africa. Use practical examples for your case.

5. Risk management process and strategies used by the organisation to mitigate the above risks. How has this business gone about managing the risks that face it? Analyse the South Africa business landscape and the risks it poses for retail businesses. Generally, how a retail organisation manages risks.

6. Summary, conclusion and recommendation of your assignment. Cover what observations and advice you have for the retail store, and how they can make their assets, maintenance and risk management to gain a competitive advantage in their business.

7. References- List of sources – Not less than eight (8) sources of books and/or articles

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