Service Request SR-kf-013, Final University of Phoenix BSA/375 Fundamentals of Business Systems Development Service Request SR-kf-013, Part 2 David Vanvalkenburg Blaine Antone Mark Garcia Walter Raymond Project Scope This project is to provide a fully integrated Frequent Shopper Program (FSP) for Kulder Fine Foods. Kulder is focused on tracking customer purchase behavior to improve the management of its current inventory. This project will allow Kulder to reward its shoppers for their loyalty while, providing a new ground for advertising, and improve overall profits. This type of program is a valuable tool for grocery stores. According to Brant (2008), "Grocery members make 75% of their grocery store visits to establishments where
• We work hard to achieve quality at affordable prices for our customers through optimizing our entire value chain, by building long-term supplier relationships, investing in highly automated production and producing large volumes. Our vision also goes beyond home furnishing. We want to create a better every day for all people impacted by our business. The company that was chosen to be researched is IKEA. IKEA is a well-known furniture retailer.
They have a really persistent way of doing business that has given them a great advantage to prosper. A firm buying strategy and a extremely sophisticated database is the Leverage they have over other stores similar to them in the industry. Their company structure and systems theory has been a great guideline for other organizations to follow. They laid out a strategic plan for their organizational structure and it has proven to be very successful with their systems theory. They have a plethora of business associates, and consider themselves leaders in the customer service business.
Therefore, if when a consumer enters a store and sees similarly priced products, one imported and one made domestically, they can choose a US made product without feeling as if they are overpaying for the same product. Many American consumers would like to purchase American products but if American products are considerably priced higher than imports, it will make it a difficult decision. Since the protective tariffs would even the playing field for the consumer, it would be a beneficial implementation. 2. Point #2: Tariffs protect American jobs and wages.
Wal-Mart V.S. Target Wal-Mart’s is known all around the world by the blue and white label “Great Value” Great value is a brand that allows you to get all the exact same foods you want, but at a cheaper price. For example instead of getting paper towels from the leading brand “Bounty” for six dollars and fifty-six cents, you can get the brand “Great value” for three dollars and twenty-three cents and still get the exact same results, but for a lower price. One other thing that Wal-Mart has is their people Greeters. The people greeters at Wal-Mart stand in front of the doors to greet people in a very friendly way as they are coming into the store.
And the customer will assume since the other coffee maker was on sale and such a low price that this coffee maker must be a good deal as well and chances are buy it. But again looking at the prices end of this, food is cheaper at Wal-mart. You can buy the name brand name products or you can buy the greater value products which are Wal-mart's brand products for even cheaper. Wal-mart also has a convince factor, I find myself going to Wal-mart for say car speakers and I end up buy speakers, movies, and food. The fact that it is all in one building
Strategic Initiative Paper FIN/370 February 19, 2012 Strategic Initiative Paper Strategic and financial planning is an important part of Wal-Mart Stores Inc.’s success. Wal-Mart constantly plans strategic initiatives to make the business the best in the industry. Wal-Mart’s three basic beliefs are respect for individuals, service to their customers, and to strive for excellence. These beliefs have instilled a strong company culture that is always able to implement those strategic plans through cohesive team work and unity. This paper provides information describing the relationship between strategic and financial planning for this organization.
There are four key sources for Walmart’s competitive advantages: Successful Vendor relationship, efficient communication network, Value employees’ most, and efficient operation management which all leads to one thing- Low cost. Walmart is a no-nonsense negotiator and deals with suppliers who would give them goods at the lowest prices which leads to efficient purchasing. Walmart emphasizes a lot on customer and employee satisfaction which gives them the edge over their competitors, Walmart has its way of motivating its employees by sharing the financial numbers with them and its profit sharing scheme. Another important advantage Walmart has is that it believes in relentless cost control, from its top level management to its associates. Walmart has the most efficient operation management: it has a hub-and-spoke distribution network across the country and has its own warehouses
“Sam Walton founded Walmart with the strong conviction that a retailer could help people save money and live better. That continues to be why we're in business today -- it's our purpose. Our culture is how we work together to fulfill that purpose. It's incorporated into every aspect of our business.” “Our values capture what we're known for doing: change the world, focus intensely on customers, make innovation happen, win together, respect and care for each other, and always do the right thing.” Both Cisco and Walmart’s continued success can be attributed to strong cultures developed and reinforced by their successful attention on their customers. Successful cooperate visions focused to listening to the customer and being the best have focused the normative and cognitive order to the successes of the organizational
History of Wal-Mart Wal-Mart was founded by Sam Walton in 1962. He believed that the future of retailing was in discounting. For him that meant “Every Day Low Prices.” One way to keep the prices down was to avoid competition. He opened stores in rural towns that were being ignored by other retailers, allowing Wal-Mart to grow and establish a strong