9). The rotation of perishable goods can be improved by conducting a survey and a questionnaire to the customer to indicate the needs of customer. Analyzing a turnover ratio per capital of each product will minimize the perishable rates. If a proper turnover ratio were set for the operation of buying and stocking of a product, KFF can easily expect what to expense and when to allocate the budget cutting the loss of excessive supply of the product. Specialty Shops Because KFF offers sophisticated professions such as butcher, baker, and wind steward, “payroll of these specialty positions is higher than that of the clerks and stock personnel” (KFF strategic plan, p. 9).
Food cost managers will generate sales forecasts to reduce the carrying costs of inventory. Perpetual inventory management will track all in store inventory transactions. This includes ordering, receiving, selling, cycle counts, and inventory adjustments. An automated inventory system would allow Kudler fine foods to meet current and future customer demands. This would also save money on hiring and training employees to order products for the stores.
In order for Kudler Fine Foods to develop a functioning frequent shopper program, it must track and monitor consumers shopping behavior. The drive of market research is to collect data on consumers and prospective consumers. The collected statistics support business decision making, which therefore diminishes the risks involved in making these conclusions. This type of research would also benefit the consumer by lowering the cost on items bought most, while giving them personalized incentives to return. As a result, legal matters concerning privacy of the consumer has risen and established far more attention.
And finally, once they reach $3,000 we can promote them to the Super Shopper level where they will earn 2 points for every dollar spent in the store. To maximize the effectiveness of the program and keep it from becoming a “passing phase” for marketing, we can offer “Double Points” sales. Keeping the idea of having the customer try new things or end close out sales, Kudler can keep the full price on merchandise, place the double points rack in the back of the store surrounded by other items that are either new or are slow movers and offer deals for the customers. Bargain shoppers will pay full price to gain extra
Because of Bigelow’s over powering influence this is definitely easier said than done. 4. What loner range steps should Fosdick take to improve the Providence distribution center’s productivity? To determine whether the company is going to keep or dump Bigelow, Fosdick should first consult with Easter. Bigelow appears to hold the key to the warehouse workforce’s productivity and few schemes to increase output will succeed without his blessings.
By implementing a frequent shopper program Kudler Fine Foods can do just that. By delivering customized incentives to its customers rather than discounted items Kudler Fine Foods will set themselves apart from other markets. Kudler Fine Foods can expect to see several benefits from establishing a frequent shopper program. The expected benefits from establishing the frequent shopper program will benefit both Kudler Fine Foods and its consumers. The consumers will benefit by obtaining the quality goods Kudler provides as well as customized promotions based on personal shopping patterns.
All of these aspects would help raise store sales. Parkleigh’s employees are offered discounts under certain circumstances, meaning in his mind his employees might try to sell the discount products to the customers. Although just because employees are employed within a store, doesn’t necessarily mean each employee have enough money to buy the products within the store. So in the case the store prices maybe a on the pricey side a little higher than normal, which means using a discount would make the items more reasonable. Kaufmann is considered a middle class store, where structuring would need to have more attention.
This is so any extra funds that are accumulated can go towards a new marketing strategy so that customers may be rewarded for being loyal to Kudler Fine Foods. A second action plan that may be needed to increase revenue is to increase the efficiency program. Here is where Yvonne Reynolds along with the inventory manger will have to find out how to decrease the amount of food that is being kept therefore; the company can save funds to create better and improved marketing strategies Lateral Collaboration and Vertical Collaboration Kudler’s management team has worked to develop a plan for transforming the stores and its employees to align with the mission and vision statements. The purpose of this strategic direction is to clearly state the major areas of focus for the organization. In order to achieve its objectives it is of utmost importance that Kudler have reliable lateral and vertical collaboration.
What is the dependent variable? a) sales managers b) amount of sales dollars c) salesperson d) number of contacts QNT 561 Final Exam Solution QNT 561 Final Exam (Latest) 5. Which of the following is most appropriately displayed with a frequency table? a) What percentage of people prefer Hunt's brand ketchup b) The home location of the most valuable customers c) How much explanatory value comes from the study's variables d) The relationship between gender and job performance Answers To QNT 561 Final Exam Free Essays QNT 561 Final Exam (Latest) 6. The manager of Paul's fruit and vegetable store is considering the purchase of a new seedless watermelon from a wholesale distributor.
Per the data food service manager salaries are down by 8.9% from last year this time therefore to open a new pizza operation would be a good capitalize managerial decision at this time other cost factors remain the same. 3. Test the statistical significance of the variables and the regression equation indicating how it will impact your decision to open the pizza business. Per the data collected the independent variables price and wages are statistical significant of the dependent variable sales.