Along with stocking of the shelves this system can track the price of the item and the rate of which is sold to determine the future price of the item. The system is the key to the success of Wal-Mart, stocking the shelves to meet the consumer needs at the right price. This sounds like a good system to the store, but it is hard on the producers to meet the orders required to stock the store the following day. For example, the manufactures have to speed up the product
This program will keep track of individual customers purchasing behaviors, which will allow Kudler to know how much of a certain product to stock. This could also determine manpower needs for certain days of the week. Just by increasing efficiency on these two topics will increase revenue by cutting out under or overstocking as well as overstaffing. This program may also increase the number of loyal
This is also another way of attracting customers into the retail shop and also get them to book a holiday. Merchandising and point of sake can be done by having brochures, putting displays on windows and also displaying posters. The brochures have to be check on a regular basis to see that they have enough on the floor. The difference with call centres agent is that they are able to display their merchandise so they will have to do it whilst on the phone. Also retail agents change their displays so that they are able to sell different product and services.
As analyzed below there are some cons to be taken into consideration for the Kudler Foods photography project. * Loss of control- While Kudler will be involved through the entirety of the project, if outsourced, their ideas will be left in the hands of the photographer and they will not be involved in the intimate editing and proofing process. * Cost of services- Kudler will need to decide the cost efficiency of outsourcing, it may be more cost effective to set up in house. * Possible loss of future jobs – Kudler could expand their business to include a marketing and design department. By outsourcing they will allow job openings and expansion to
By purchasing or creating a system for KFF, Kathy would be able to spend time interacting with the customers that she enjoys. All of the stores would become electronic in every way. When the stores order product, the system logs them. When product is sold, the cash registers communicate with each other and to the system, where inventory is automatically deducted. The purchasing agent could then monitor the inventory and order product when necessary for each store and have it delivered on an as-needed basis.
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.
While many will only be looking for other dollar stores following exactly the same format, that is incorrect. In today's marketplace all types of retailers are adding dollar departments and dollar aisles to their stores. Every one of these companies represents a threat to your business. It's important that you know them and what they are doing. Determine how best to use your company's strengths to overcome the strengths and overall performance of the competition you've found.
A company's inventory is a vital part towards its success. A company must have enough products in the inventory, to provide their customers with product in order to be successful. This affects a company's OMM operations because without the proper amount and type of inventory they will be unable to service their customers. The same goes for having too much inventory, when a company has too much inventory on hand it ties up its capital that could be spent on other things that would increase
In this table are information pertaining to products. These are the records of purchasable items at the store. This is a great tool for the sales person who would have to answer the customers as they inquire able the products carried by the store. The order table help the store to track and keep records of all order placed by their customers. The next is the order line table.
If the company wants to be successful, the store must decide what market the product will thrive in, what the competition is and how to market the product given the retailer’s available resources (Marketing considerations for small-scale specialty food producers, 2007). With Kudler Fine Foods’ emphasis on gourmet items, they have created a niche market for their products. Niche marketing allows companies to target a very specific audience and to give them exactly what they want or need (Levinson & Lautenslager, 2005). By conducting market research, Kudler Fine Foods can narrow in on the wants and needs of its customers. Market research is not something a company should do on its own.