WGU JGT2 Task 2 Decision Analysis JGT Task 2 May 15th, 2015 The report is requested by Alistair Wu and the purpose of this report is to do the analysis for the most efficient shipping schedule and expense utilizing the data provided. The goal is to find out the least possible delivery and distribution cost that can be incurred. Mr. Wu is furthermore contemplating Shanghai plant expansion by producing 2,800 units instead of 1,300 units, and needs assurance that this expansion will be within the means. The data provided has different graphs that give essential information regarding the production performance. The first table shows the capacity of the production line along with the demand per warehouse.
Nordstrom Nordstrom uses demand forecasting to minimize leftover inventory. Nordstrom’s overall corporate leadership is based on two main goals. Nordstrom correlates purchasing with demand to keep inventory lean and show both customers and employees Nordstrom’s inventory including warehouses. Nordstrom keeps its items in stock for a very short period of time so that if a customer wants it, they only have limited time to purchase it. Compared to Macy’s who keep an item in inventory for 119 days, Nordstrom keeps its items in inventory for 62 days.
Revenues for January of 2011 were $67.3 billion in the fiscal year (Google Finance, 2011). Target places itself as an environmentally safe corporation with many strong points such as branding, market presence, and innovative marketing techniques such as employing young and upcoming designers in their clothes apparel division. Along with those strengths there are also weaknesses. These include no global presence in the market, wavering on whether they are an upscale or a discount store. As of lately there have been down times due to the economy and aggressive competitors in the market.
1. Outright purchase of Smith stock a) Yes, Mr. Jones should purchase the stock of Smith outright, leaving Smithon intact as purchasing the stock of Smith co. is the simple and reasonable transaction where he can also minimize the cost of administrative matters. While issuing debt in his Johnson Services Co. to pay for the Smith Company there can arise debt issue for Johnson co if the cash flow of the company is insufficient in making such purchase to buy Smith co stock. b) Converting C corp to S corp has taxation benefit as C corp faces double taxation. Here, converting Smithon to S corp can give an advantage of having a control of limited or small number of shareholders.
Charles Barber Marketing 100, Summer 2011 Professor Joseph Cox 08/07/2011 This paper discusses the success of Nordstrom through the retailing mix and service to customers. This paper also discusses challenges in the current retail climate. Retailer Types Identify what type of retailer that Nordstrom’s is classified and describe the characteristics. There are various types of retailers. Each retailer is unique in the level of service provided, product assortment, price range of products and the gross margin.
Advertising is a large part of Target’s marketing management. The retail stores sell a large variety of high quality items at lower prices than the competitors, therefore, selling more products. Target’s marketing team is constantly re-evaluating the products sold to assure that their customers stay satisfied with the items that are in stock. To guarantee that customers stay completely satisfied, Target will special order items if requested by a customer. To continue to be the largest retail store, Target has to make sure that their prices are the lowest and that the products they sell meet all of the wants and needs of each customer.
Fishman introduced the What’s Important Now Strategy (“WIN Strategy”). It focuses on three main elements of the Company’s business: merchandising, real estate and cost structure. From a merchandising perspective, the goal of the Company is to continue to provide extreme value, improve quality, and expand the presence of recognizable brand-name merchandise in stores. From real estate perspective, the Company moderate store growth by opening new stores and closing other stores and also remodels existing stores. From cost structure perspective, the goal of the Company is to generate expense leverage (lower expenses as a present of net sales).
As known that Costco is focusing on high quality of merchandises at relatively low prices, they have one condition in order to purchase merchandises at low prices, which is number of purchases. For example, to have one product that is cheaper than competitors they have to purchase more from original manufacturers. Therefore, Costco realized that they have to keep the sales volume to be high so they are still able to maintain this advantage. Because of this, they try to keep their slogan in customer minds that Costco has lower prices and they try to same membership money. However, there is a problem that Costco has to deal with is that their profits mostly from its membership fees instead its net income.
• Creative partnerships – by signing exclusive contracts with their suppliers that allows the suppliers to carry most of the financial burden associated with Blue Nile’s customer transactions, the company is able to contribute to their profitability. Blue Nile’s creative contracts allows them to hold on to cash for an average of 80 days from customer transactions before paying their suppliers. This also allows Blue Nile to carry very little inventory of its own, relying on their suppliers to hold their inventory until a sale occurs. • Eliminating the middle-man – by eliminating the traditional brokers and wholesalers and buying directly from the suppliers, Blue Nile also eliminated layers of costs normally associated with jewelry purchases, while allowing them to keep a larger portion for themselves, adding to their profit again. By keeping their overhead costs low through their online presence and creative partnerships, along with purchasing directly from their exclusive suppliers, Blue Nile’s business model was a “diamond in the rough” when the company began.
Name: Arsalan Anwar Business level 3 Unit 1: P1 Introduction: In this assignment I will be selecting two contrasting business which are going to be Tesco and Oxfam. I will be writing a written report describing their purposes and ownership, to do this I’ll talk about what goods and services they offer and to whom they offer these to. Finally I’ll talk about where they operate and which industrial sector of the economy they operate in. Introduction of Tesco Tesco is a massive company with high revenues, it is also a public limited company (PLC) that means it has limited liability, the meaning of limited liability is that the investor cannot lose more than the amount he has invested within the company intern this means that the investor is not personally responsible for the debts of the company so linking this to Tesco it will mean that if Tesco goes into debt the investors are not responsible to pay it off. The main aim of Tesco is to make profit and the reason it will make profit is because it is a well know and established company which has been trading for many years.