are ways to give the consumer a choice on how they want their shopping experience to go. With all the people that embrace these new technologies, there are many who would rather do business the old fashioned way, without all the bells and whistles. For this reason, companies need to accommodate all types of consumers and be sure that the technologies do not overwhelm the product. Inventory control is another important role for technology to have a place in retail management. Software that can help stores understand why they seller don't sell are important to keep costs low throughout the company.
By hiring yourself, the interviewer would be able to clearly communicate, to a potential candidate, the company’s expectations. In addition, outsourcing could prove to be expensive for the company, which would increase overall cost, and subsequently reduce the overall profit margin. 3. External or Internal Hiring In order to be the most successful, Tanglewood would need to have a mixed strategy when it comes to this staffing concept. Since all store employees are required to spend some time as an associate, it would be beneficial for them to utilize an external hiring strategy for many of the store positions.
Another trade-off for the company will be the stores performance. Because this is a newly acquired system, employees – although trained on how to operate the system will surely run into issues at the register. This will make for longer lines at the store and will require employees to handle unruly customers. The trade-off for spoilage will require the store to account for more deliveries from wholesalers for the products that will need to be stocked. This will ensure more delivery fees and more paperwork for the company.
Another example is when the company follow standards such as delivering their products to the right place at the right location. When it comes to being responsive, Cliff Bar & Company manage to fluctuate their inventory and plans according to how the market reacts to their product. In terms of outsourcing, Cliff Bar & Company has most of their parts of their supply chain outsourced which exposed the company to certain risks including supplier's reliability and availability which can affect their capability to deliver their product efficiently to their customers. Companies dealing with outsourcing can sometimes phase an issue with reliability since the outsource company produce multiple products for different companies which could prevent Cliff Bar & Company from responding to sudden changes in the market, specially a sudden increase in demand. When it comes to availability, Cliff Bar & and Company has very limited, if any, control over the companies they outsourced.
Standards also make it easier to understand and compare competing products. As standards are globally adopted and applied in many markets, they also fuel international trade. (IEEE, 2013). The Internet Engineering Task Force has the mission to make the internet work better and to run faster. This isaccomplished by creating high quality and technical documents that are relevant to the influences that people use, design and manage through the internet (Working Groups).
The more complicated the technology is the more unexpected events occur. The best way to manage unexpected events is with a flexible structure. It is important for all companies to have an organizational chart to reduce confusion and allow more time and energy to be focused on productive tasks. FedEx has many different departments and locations which may cause confusion for employees. Organizational charts can improve efficiency by making it clear who is responsible for what area of the business.
Without customers, there is no business and this will hurt this large company in the long-term. Not only is it right for the company to give more consideration to their employee’s desires but it will also contribute to the bottom line. Their customer will know the value of their company and employees will be more productive in what they do and proud of who they work for. Wal-Mart makes an average of $245 billion in revenues; therefore they have the resources to treat employees fairly. It is important for their corporation to take care of their workers and have a reputation of treating them fairly, which is important to the customers.
With growing competition among private companies, there was a significant growth in the number of factories in China. This also led to toxic-coal-waste, which is the “largest source of industrial waste” in China (Doc. 7). Because of China’s increasing energy demand due to a rising production in cars and air conditioners, it “is turning into the world’s biggest energy consumer” (Doc. 6).
WEEK 3 ISSUE #1 - CanGo is about to take a big chance by investing in new technology to increase their production and also to expedite their process flow. The implementation of the new inventory process, CanGo is concerned with order accuracy. In an effort to make the shipping process quicker, the team was focused on speed and not as much on quality of the order picking. Resolution #1 - A full analysis of the new machine, conveyor system, and the automated software should be performed to ensure it meets the need of the company’s order accuracy goals. As part of the system analysis, the team should also use references to verify the quality standards of the system when used in real life scenarios.
The main stakeholders in Fourwinds Marina are Sandy Taggart, William Brennan, and Richard DeMars. Other shareholders include the employees, customers, and the government as they lease the land that Fourwinds Marina is located on and set the slip rates. Changes that are being looked into would improve customer service and the services offered so both the employees and customers should embrace the changes. The investors will be more hesitant to implement changes as it will cost them money. In the long run the changes should help the company become more profitable, but it will be an uphill battle to convince the investors that more funds are necessary as they have previously withdrawn funds for change.