This modern process works by forecasting customers’ needs and demands before making up product orders. Forecasting is done in a three step process. The first step is collaborative planning. The second step is collaborative forecasting. The third step is collaborative replenishment.
Giving the service a customer wants to experience will more than likely bring a customer back. Yes, I would use this strategy because it can help my business and gives me a chance to develop a friendship with the complainer. Every business is always trying to out do another business, that’s why you need to know your customers and competitors. You need to try to have fewer complaints than your competitors. No, I would not use this strategy because customers’ will always prefer one business over another for certain items.
- Since marketing, finance, management, and operation are the important factors of a business’ success, it is important to analyze all of them equally. - The case did a good job explaining the survey results to know the demand, market, pricing, costs, number of sale and managing the work hours and operations. - They chose a space that was the right size to fit 5 beds and they know that they can find student workers with low payment. - See the answer of question 2. • Identify external factors such as potential consumers, competitors, and the industry that may negatively or positively affect the potential for success.
Human resources 3. Finance 4. Marketing Provide a detailed explanation of why these particular areas of the business have been affected. Your explanations and reasoning will enable you to achieve M2 M2 3 The next part of your report should identify and describe how the following factors have
Even though good advertising bring customers, location plays an important role. A business that a potential customer can notice will always raise suspense for a customer. Providing a product that is in demand becomes another challenge when starting a new business, be mindful of your product and the real cost associated with delivering the product and the service to customers. Repeated customers will remain with you as long as your credibility shows potential performance. You must have a clear strategy for identifying and looking after key customers along with developing business relationships with them.
The profit margin of each distributing method is necessary too. So I can tell which is most profitable and which one is not. Based on these details, I will make changes to the business in order to make more profit. 4. They use the distributor to assess the performance of
Hubspot has a diverse customer base, from many industries, that it has already segmented. Another problem that is communicated by the VP of Marketing – Mike Volpe, is that they want to scale up, but only have a certain amount of engineers. Rhetorically speaking, isn’t this an easily solved, good problem to have? It is communicated that as of now, they have to divide their developmental resources, but why does this always have to be the case? Could Hubspot not hire and assign a proportional split of internal software engineers, and sales support staff each dedicated to the market segments Hubspot serves?
c. What would you do if you were the decision-maker at Ruhling? If I were the decision-maker at Ruhling I would go with the Epsilon’s proposal. I would go with their proposal/ requirement contract because it is more cost effective. 3. Comment on the practice of dual sourcing when part of the requirement is produce
To define a project scope, you must first identify the following things: • Project objectives • Goals • Sub-phases • Tasks • Resources • Budget • Schedule in the case of Red, it is the responsibility of the project manager to clearly communicate what the project is, who requires it, why, what is it designed to achieve, resources available, who will be involved and who will be affected by the end result. The scope of the project outlines the objectives of the project and the goals that need to be met. Once the scope has been defined, the project manager can put together their team and be sure that the people with the most relevant skills are in the right roles. Q2. For each of the stakeholder groups in the following list, identify who within the organisation fits into these categories and why they are important in the context of the project?
1. An important part of business is to plan ahead. Identify three planning tools used for forecasting and the information each provides. The first of the three planning tools is “product cost”. The second is referred to as “incremental analysis” and the third is “developing a budget”.