Mrs. Kudler recognizes the importance of word of mouth promotion, which re-enforces the idea of in store gatherings and cooking classes. Over time, the organization will increase profitability if these events are positive and properly promoted. This is best done when attempting to increase the customer’s value chain. Catering and the Local Growers Both the catering service and direct buying from local growers will potentially increase profit for Kudler Fine Foods. Making good use of real estate (using the in store kitchen for catering cooking) and improving efficiency/lowering cost (agile inventory system) gives the organization a competitive advantage in the gourmet food industry.
In conclusion, marketing research is an essential part of Kudler Fine Foods’ ongoing success. Research aids in the development of marketing strategies and tactics. Part of the marketing research is to conduct competitive marketing intelligence so that the big picture can be compiled and analyzed. When all the data is collected and presented in a logical manner intelligent decision can be made. Intelligent decisions save Kudler money and
The customers displayed the overall cost of merchandise is a bit high. They do appreciate the loyalty and bonus programs, but achieving these loyalties and bonuses should not cost so much. Kundlers foods could experience an increase in customer satisfaction if they slightly reduced the cost of their products and services. Market research is a very important part of an organization's strategy to implement expansion and variation. Part of this research must include the competitor’s strategies.
The importance of monitoring all the transactions coming and going from each location plays a key role in maintaining not only accuracy in inventory but also accuracy with the general ledger. Although, it would benefit the Kudler Fine Foods if there were written policies on security of the financial and accounting systems. This will minimize any possibility of threats on the systems and will make it easier to notice discrepancies on reports. Through the proper use of the critical information system at Kudler Fine Foods they will be able to properly know where they are spending money, how well their inventory is being maintained, keeping records of their vendors, and making sure vendors are being paid or paying in a timely
Week 5: Team Assignment Poppler’s Scenario Poppler’s management wants your team to create a proposal to implement technology upgrades to its inventory and customer management systems. Management wants to know how it can benefit from the introduction of new technology and if the investment will pay off. Review the existing business practices of Poppler’s (see Poppler’s gift shop scenario under the Materials tab) and using research, determine what technology upgrades you would recommend. Your team must provide specific information on the major components needed for the upgrade and your rationale for the
Leadership Recommendation Paper Kamahoro Claire LDR/535 Terica Pearson 9/ 1/ 2014 Leadership Recommendation Business Scenario Kudler Fine Foods is preparing to implement a new software system that will replace the current HIRS system. The system’s aim is to increase the operational efficiency of the organization. This system will be a change from the current HRIS system to the new software system. The employees of Kudler Fine Foods will be expected to learn this system so that they are able to update personal time requests such as vacation and sick time requests. It will change human resources procedures, as they will be expected transfer personnel files such as performance evaluations, disciplinary actions, employee grievances, and
According to “Intuit” (2014), “An inventory management system tracks the sale, purchase and payments related to these elements of inventory” (The Basics of Inventory Management). Kundler Fine Foods can update to higher security internet in an ERP- Enterprise Resource Planning system, allowing Kathy (the president) to access data from all three location from any location. This change requires training as well as an enhanced security to protect customer and financial data. Currently, Kundler Fine Foods uses the data program Microsoft Access to maintain date; * Customer information: This stores customers name and address for processing and special mailings. * Inventory: Used to manage inventory and determine the availability of ingredients used in items.
SRM is beneficial for the companies because it helps the company in leveraging the capabilities of suppliers to its advantage whereas it is beneficial for the supplier because it helps in providing new avenues for creating value and thus, revenues and profitability for the supplier. SRM helps in eradicating weaknesses and errors in the customer supplier relationship and helps suppliers in leveraging their strengths, ideas and assets to create new channels of relationship with the company. Such a system results in greater efficiency because it eradicates weaknesses and errors, helps in optimum utilizing of assets, strengths and capabilities and reduces costs via better collaboration and coordination. Changes in processes and systems helps in improving
A Kanban system is a system that tells what to produce, when to produce and how much to produce. This technique can be a useful way of highlighting improvements. A kanban card signals demand for the product. Lean systems are focused on getting the right things to the right place at the right time in the right quantity to achieve perfect work flow. Lean systems do this while minimizing waste and being flexible and able to change.
As it is stated in the text book, “An ERP system is most appropriate for company seeking the benefits of data and process integration supported by its information system. Benefit is gain from elimination of redundant process; increase accuracy in information, superior processes and improve speed in responding to customer requirements”. In addition, ERP system collects and distributes information across functional boundaries and helps break down information silo’s, those barriers that stand in the way of full corporation between production, materials, planning, engineering, finance, and sales/marketing. Let’s take a closer look and evaluate how a business can reap the benefits of ERP system. ERP system improves Inventory control by offering real-time information on finish good inventory allowing manufacturing and planning to evaluate customer demand.