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The document summarizes an analysis of opening a new supermarket mall in the city of Erqi. It discusses the mall's opportunities such as its central location and transport facilities. Threats include high rent costs and competition from nearby department stores and large shopping malls. A SWOT analysis is provided comparing the new mall to competitors like Walmart. Market research shows the area has potential for commercial development. The conclusion recommends opening a large supermarket at the proposed site, due to its high commercial value and accessibility.
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Newsletter - Second Edition
This document discusses trends in bringing offline and online retail together. It provides examples of companies that are collaborating across channels, such as Proyog selling on multiple marketplaces and YepMe expanding from online to offline retail. It also discusses the technology infrastructure needed to support an omni-channel approach, including elements like order management systems, store systems, warehouse management, and master data management. Customers now expect flexibility and convenience across channels, including options like store pickup, lockers, and same-day delivery. Retailers can benefit from collaborations that increase sales through new channels and provide customers a seamless experience.
Chapter 17 retailing, class notes
This document provides an overview of key concepts in retailing, including:
1. Classification of retail stores according to form of ownership, merchandise offering, service-price orientation, and location.
2. Strategic issues in retailing such as location, product assortment, store positioning, atmospherics, and store image.
3. The importance of relationship marketing and logistics in retailing.
What are the major trends with marketing intermediaries?
Major trends in retail, wholesaling, and logistics according to the document include the growth of e-commerce, increasing consumer expectations, competitive pressures, investments in technology, demands for lower costs and inventory management, and goals for high in-stock availability and shorter order cycles. Wholesalers face pressure from new competition and demanding customers, while retailers invest in promotional technologies and large retailers continue expanding.
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Retail Formats and Organized Retailing
This document defines and classifies different retail formats. Retail formats describe a retailer's operations and are typically classified by the type of products sold - food, hard goods, soft goods, or arts. Formats are also classified by ownership structure, merchandise offered, and presence of a physical store. Store-based formats include independent retailers, chains, franchises, leased departments, and cooperatives. Non-store formats comprise direct selling, e-tailing, mail order, vending, and telemarketing. Service formats are banks, car rentals, and service contracts. Organized retailing includes chain stores owned or franchised by a central entity providing licensed sales and taxes.
Retail Revolution
Retail Revolution In India: Presentation is strictly for the professional Use.
email: ca.avinashgoswami@gmail.com
types of retailers.
This document discusses different types of retailers, including food retailers like supermarkets, supercenters, warehouse clubs, and convenience stores. It also discusses general merchandise retailers such as department stores, discount stores, specialty stores, drugstores, home improvement centers, and off-price retailers. The document outlines the characteristics used to classify retailers, including merchandise type, variety/assortment, services offered, and price. It provides examples of different retailers and trends in retail formats.
10 siteselection
This document discusses site selection for retailers. It outlines the types of locations available including isolated stores, unplanned business districts, and planned shopping centers. It describes factors to consider when evaluating general locations and specific store sites such as pedestrian and vehicular traffic, parking availability, and lease terms. The key steps in site selection are to investigate trading areas, determine the type of desirable location, select the general location, and evaluate specific store sites.
Recommended
Newsletter - Second Edition
This document discusses trends in bringing offline and online retail together. It provides examples of companies that are collaborating across channels, such as Proyog selling on multiple marketplaces and YepMe expanding from online to offline retail. It also discusses the technology infrastructure needed to support an omni-channel approach, including elements like order management systems, store systems, warehouse management, and master data management. Customers now expect flexibility and convenience across channels, including options like store pickup, lockers, and same-day delivery. Retailers can benefit from collaborations that increase sales through new channels and provide customers a seamless experience.
Chapter 17 retailing, class notes
This document provides an overview of key concepts in retailing, including:
1. Classification of retail stores according to form of ownership, merchandise offering, service-price orientation, and location.
2. Strategic issues in retailing such as location, product assortment, store positioning, atmospherics, and store image.
3. The importance of relationship marketing and logistics in retailing.
What are the major trends with marketing intermediaries?
Major trends in retail, wholesaling, and logistics according to the document include the growth of e-commerce, increasing consumer expectations, competitive pressures, investments in technology, demands for lower costs and inventory management, and goals for high in-stock availability and shorter order cycles. Wholesalers face pressure from new competition and demanding customers, while retailers invest in promotional technologies and large retailers continue expanding.
Rise of Omni-commerce and Its Reflections on Supply Chain Management
The evolution of retail from a channels point of view can be examined in 4 different groups. These groups represent the variety of channels and also how channels are treated as a whole. These groups are Single Channel, Multi-Channel, Cross-Channel and Omni-Channel.
Retail Formats and Organized Retailing
This document defines and classifies different retail formats. Retail formats describe a retailer's operations and are typically classified by the type of products sold - food, hard goods, soft goods, or arts. Formats are also classified by ownership structure, merchandise offered, and presence of a physical store. Store-based formats include independent retailers, chains, franchises, leased departments, and cooperatives. Non-store formats comprise direct selling, e-tailing, mail order, vending, and telemarketing. Service formats are banks, car rentals, and service contracts. Organized retailing includes chain stores owned or franchised by a central entity providing licensed sales and taxes.
Retail Revolution
Retail Revolution In India: Presentation is strictly for the professional Use.
email: ca.avinashgoswami@gmail.com
types of retailers.
This document discusses different types of retailers, including food retailers like supermarkets, supercenters, warehouse clubs, and convenience stores. It also discusses general merchandise retailers such as department stores, discount stores, specialty stores, drugstores, home improvement centers, and off-price retailers. The document outlines the characteristics used to classify retailers, including merchandise type, variety/assortment, services offered, and price. It provides examples of different retailers and trends in retail formats.
10 siteselection
This document discusses site selection for retailers. It outlines the types of locations available including isolated stores, unplanned business districts, and planned shopping centers. It describes factors to consider when evaluating general locations and specific store sites such as pedestrian and vehicular traffic, parking availability, and lease terms. The key steps in site selection are to investigate trading areas, determine the type of desirable location, select the general location, and evaluate specific store sites.
Shopping Mall Trade Area Analysis
Retail trade area analysis through the application of East Massachusetts geodemographic classification. Different approaches of trade area evaluation were applied and compared. Trade areas of two mall were assessed and compare as well.
retailing
The document discusses key concepts in retailing including:
1) Retailing involves selling consumer goods through multiple channels to earn a profit by satisfying consumer needs.
2) Retailers are classified based on ownership, operations, services, merchandising, and location of sales.
3) Successful retailers adapt to environmental factors like the economy, technology, and demographics.
4) Large retailers are increasingly dictating terms to suppliers through private labels, data analysis, and inventory management.
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The document provides an overview of retailing and wholesaling. It defines retailing as selling goods directly to consumers, and wholesaling as selling goods to businesses or retailers. It then discusses different types of retailers like department stores, supermarkets, and discount stores which are classified based on factors like level of service and product lines. The document also covers types of wholesalers including merchant wholesalers, brokers, and manufacturers' agents. It discusses marketing decisions for both retailers and wholesalers.
Download
managing expectations of the retail omnichannel. consumers expect retailers to give them the same offering and experiance across all channels
What marketing decisions do these marketing intermediaries make
This document discusses various marketing decisions made by retail, wholesale, and logistics intermediaries. It covers target market selection, product assortment strategies, procurement, pricing approaches, store services, location selection, inventory management, order processing, warehousing, and transportation considerations. For example, it explains how retailers define target markets to make consistent marketing decisions and how product assortment can be broad or narrow with shallow or deep selections.
Retailers Struggle to Find Efficient Ways to Make Goods Accessible
Retailers struggle to find efficient ways to make goods accessible to customers. A report found that large food companies dominate supermarket shelves through fees paid to retailers for premium product placement. These fees include slotting fees for new products, pay-to-stay fees to remain in visible shelf locations, and display fees for promotional placements. As a result, smaller food companies face an imbalanced playing field with less access to shelf space. Retailers have also tried e-commerce options like buy online pickup in store, but many customers experienced problems receiving their online orders due to difficulties maintaining customer service quality without increasing labor costs.
Retailing
1. Retailing is defined as all activities involved in selling goods or services directly to consumers for their personal use. A retailer is a business whose sales primarily come from retailing.
2. There are different types of retailing including general merchandising retailing like department stores, food retailing like supermarkets and convenience stores, and non-store retailing like internet, catalog, and television home shopping.
3. International retailing faces issues related to legislation, taxation, consumer perspective differences between countries, and managing salespeople across borders.
What does the future hold for privale label brands
Private label brands are brands that are developed by retailers and wholesalers rather than manufacturers. In countries like the UK and India, major retailers generate a significant portion of their sales, around 50% in the UK, from private label brands. The use of private labels has increased over time, reaching 25% of the US market currently. Retailers choose to sponsor their own brands to gain higher profit margins from lower research, advertising, and distribution costs. Some consumers also prefer certain private labels. Experts believe that private labels likely cannot exceed 50% of the total market volume due to strong national brands, an inability to produce every possible product type privately, and risks of being confused with generic unlabeled brands.
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This document discusses key concepts in retailing. It covers the importance of retailing in the US economy, ways to classify retailers, major types of retail operations including stores and non-store formats, franchising, developing a retail marketing strategy, and new developments in retailing such as interactivity and mobile commerce. The learning outcomes cover discussing the role of retailing, classifying retailers, describing retail operations and formats, non-store retailing techniques, franchising, developing a marketing strategy, and new innovations.
How Retailers Can Distinguish Themselves
The document discusses strategies for retailers to engage with tomorrow's shoppers in a changing retail environment. It outlines three key strategies: 1) Combating new disruptive entrants by reimagining the industry with a focus on future consumers. 2) Providing personalized shopping experiences using new technologies. 3) Creating a digitally integrated enterprise that can respond quickly to changes. Leading retailers will anticipate and exceed customer expectations rather than just meeting them, and personalization will be important for competitive advantage.
Notes chapter 1
Retailing involves selling products to consumers for personal use. It matches consumer demand with manufacturer supply. The document discusses various retail formats like traditional stores, department stores, discount stores, category killers, specialty stores, and e-tailers. It also discusses drivers of changing retail structures in India like customers, marketing plans, visual recognition, workplace challenges, and planning for success. Finally, it discusses how the internet redefines the retail industry by supporting marketing, facilitating retail marketing through communication and interaction, and enabling a different retail experience through online shopping.
Recent marketing trends in retailing
1. The document discusses recent trends in the retail industry, including the rise of omnichannel retailing, increasing online shopping and mobile payments, and a focus on personalized customer experiences.
2. Key trends include increasing consumer interconnectivity and demand for individualized experiences, as well as the growth of social media and data collection about customers.
3. Retailers face issues around managing large amounts of customer data while respecting privacy, and need to listen to consumers through multiple new channels to understand changing needs and spot trends.
Central
Central is a large department store chain in Thailand with many locations. It has strong brand recognition and loyal customer base of middle to high income customers. However, traffic congestion can make it difficult for customers to access stores. While Central remains popular, economic uncertainty and many competitors pose threats. Expanding product selection and improving transportation access could help capture more customers.
Types of retailers
Retailing refers to the sale of goods directly to consumers in small quantities. A retailer is someone who sells goods and services to end users. There are two main types of retailing in India: organized and unorganized. Organized retailers issue tax invoices and pay taxes, while unorganized retailers like mom-and-pop stores do not. Organized retailers can be further classified by their store format, merchandise, brands, pricing models, and more. Common retail store types include mom-and-pop stores, specialty stores, dollar stores, e-tailers, convenience stores, discount stores, department stores, and supermarkets.
Unit4 retailing
The document discusses different types of retailers and retailing concepts. It describes retailers being classified based on the amount of service provided, breadth of product lines, prices charged, and organizational structure. Retailers range from self-service to full-service and include discount stores, department stores, supermarkets, and more. The document also covers retailer marketing decisions around target markets, product assortment, pricing, promotion, and location. It concludes by discussing trends in retailing like the growth of non-store formats and importance of technology.
7 eleven
Seven-Eleven Japan was established in 1973 and opened its first store in 1974. It grew rapidly between 1985-2003, increasing its number of stores from 2,299 to 10,303 and annual sales from 386 billion yen to 2,343 billion yen. By 2004 it was Japan's largest retailer by operating income and number of stores, with over 10,000 stores. Seven-Eleven Japan developed an extensive franchise system, with franchise commissions accounting for over 68% of revenue by 2004. It emphasized using technology and data analysis to efficiently manage its large network of stores.
Emerging trends in fashion retailing
The document discusses emerging trends in the fashion retailing market in India. It notes that the domestic apparel market is growing at a 9% CAGR annually and corporatized retail now accounts for 19% of apparel sales. Retail formats like malls and lifestyle stores are popular as are online and mobile channels. Challenges include infrastructure issues, high real estate costs, and a lack of trained retail staff. Emerging trends include increased omni-channel retailing, personalized in-store experiences, greater technology integration, and growth in mobile retail. Deeper consumer insights and supply chain improvements will also be important for retailers.
Store locations
The document discusses factors to consider when selecting a retail store location. It covers evaluating trading areas, types of locations including planned business sites and isolated stores, and key factors to analyze like population, competition, transportation access and more. Ultimately, location is critical to a retailer's success and requires extensive decision making.
Retail - Some important concepts
Some important notes about retail industry such as:
Strategic Levers of Retailing,
Functions Performed by Retailers,
Types of Retailers,
Customers Perception and Buying Behavior,
Merchandise Management,
Issues with Merchandise Management.
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The document discusses key concepts in retailing including:
1) Retailing involves selling consumer goods through multiple channels to earn a profit by satisfying consumer needs.
2) Retailers are classified based on ownership, operations, services, merchandising, and location of sales.
3) Successful retailers adapt to environmental factors like the economy, technology, and demographics.
4) Large retailers are increasingly dictating terms to suppliers through private labels, data analysis, and inventory management.
Retailing (Concept & Definition)
The document provides an overview of retailing and wholesaling. It defines retailing as selling goods directly to consumers, and wholesaling as selling goods to businesses or retailers. It then discusses different types of retailers like department stores, supermarkets, and discount stores which are classified based on factors like level of service and product lines. The document also covers types of wholesalers including merchant wholesalers, brokers, and manufacturers' agents. It discusses marketing decisions for both retailers and wholesalers.
Download
managing expectations of the retail omnichannel. consumers expect retailers to give them the same offering and experiance across all channels
What marketing decisions do these marketing intermediaries make
This document discusses various marketing decisions made by retail, wholesale, and logistics intermediaries. It covers target market selection, product assortment strategies, procurement, pricing approaches, store services, location selection, inventory management, order processing, warehousing, and transportation considerations. For example, it explains how retailers define target markets to make consistent marketing decisions and how product assortment can be broad or narrow with shallow or deep selections.
Retailers Struggle to Find Efficient Ways to Make Goods Accessible
Retailers struggle to find efficient ways to make goods accessible to customers. A report found that large food companies dominate supermarket shelves through fees paid to retailers for premium product placement. These fees include slotting fees for new products, pay-to-stay fees to remain in visible shelf locations, and display fees for promotional placements. As a result, smaller food companies face an imbalanced playing field with less access to shelf space. Retailers have also tried e-commerce options like buy online pickup in store, but many customers experienced problems receiving their online orders due to difficulties maintaining customer service quality without increasing labor costs.
Retailing
1. Retailing is defined as all activities involved in selling goods or services directly to consumers for their personal use. A retailer is a business whose sales primarily come from retailing.
2. There are different types of retailing including general merchandising retailing like department stores, food retailing like supermarkets and convenience stores, and non-store retailing like internet, catalog, and television home shopping.
3. International retailing faces issues related to legislation, taxation, consumer perspective differences between countries, and managing salespeople across borders.
What does the future hold for privale label brands
Private label brands are brands that are developed by retailers and wholesalers rather than manufacturers. In countries like the UK and India, major retailers generate a significant portion of their sales, around 50% in the UK, from private label brands. The use of private labels has increased over time, reaching 25% of the US market currently. Retailers choose to sponsor their own brands to gain higher profit margins from lower research, advertising, and distribution costs. Some consumers also prefer certain private labels. Experts believe that private labels likely cannot exceed 50% of the total market volume due to strong national brands, an inability to produce every possible product type privately, and risks of being confused with generic unlabeled brands.
TGW008-OnlineGroceryWhitePaper
This whitepaper discusses the challenges facing traditional brick-and-mortar grocers in expanding their businesses to include e-commerce grocery shopping. It notes that while e-commerce currently accounts for less than 1% of the $700 billion food and beverage market, there is significant growth potential. Traditional grocers can leverage their existing networks of stores to overcome limitations faced by pure online grocers. The whitepaper examines options for order fulfillment, including in-store picking, dedicated e-commerce facilities, and automated locker systems. It emphasizes the importance of providing convenient delivery and pickup options to attract online grocery customers.
Innovating Retail in the Age of Disruption
Disruption through technology has revolutionized many industries and one such industry, perhaps, where the impact has been most visible is retail.
2011.2.15 marketing
This document discusses key concepts in retailing. It covers the importance of retailing in the US economy, ways to classify retailers, major types of retail operations including stores and non-store formats, franchising, developing a retail marketing strategy, and new developments in retailing such as interactivity and mobile commerce. The learning outcomes cover discussing the role of retailing, classifying retailers, describing retail operations and formats, non-store retailing techniques, franchising, developing a marketing strategy, and new innovations.
How Retailers Can Distinguish Themselves
The document discusses strategies for retailers to engage with tomorrow's shoppers in a changing retail environment. It outlines three key strategies: 1) Combating new disruptive entrants by reimagining the industry with a focus on future consumers. 2) Providing personalized shopping experiences using new technologies. 3) Creating a digitally integrated enterprise that can respond quickly to changes. Leading retailers will anticipate and exceed customer expectations rather than just meeting them, and personalization will be important for competitive advantage.
Notes chapter 1
Retailing involves selling products to consumers for personal use. It matches consumer demand with manufacturer supply. The document discusses various retail formats like traditional stores, department stores, discount stores, category killers, specialty stores, and e-tailers. It also discusses drivers of changing retail structures in India like customers, marketing plans, visual recognition, workplace challenges, and planning for success. Finally, it discusses how the internet redefines the retail industry by supporting marketing, facilitating retail marketing through communication and interaction, and enabling a different retail experience through online shopping.
Recent marketing trends in retailing
1. The document discusses recent trends in the retail industry, including the rise of omnichannel retailing, increasing online shopping and mobile payments, and a focus on personalized customer experiences.
2. Key trends include increasing consumer interconnectivity and demand for individualized experiences, as well as the growth of social media and data collection about customers.
3. Retailers face issues around managing large amounts of customer data while respecting privacy, and need to listen to consumers through multiple new channels to understand changing needs and spot trends.
Central
Central is a large department store chain in Thailand with many locations. It has strong brand recognition and loyal customer base of middle to high income customers. However, traffic congestion can make it difficult for customers to access stores. While Central remains popular, economic uncertainty and many competitors pose threats. Expanding product selection and improving transportation access could help capture more customers.
Types of retailers
Retailing refers to the sale of goods directly to consumers in small quantities. A retailer is someone who sells goods and services to end users. There are two main types of retailing in India: organized and unorganized. Organized retailers issue tax invoices and pay taxes, while unorganized retailers like mom-and-pop stores do not. Organized retailers can be further classified by their store format, merchandise, brands, pricing models, and more. Common retail store types include mom-and-pop stores, specialty stores, dollar stores, e-tailers, convenience stores, discount stores, department stores, and supermarkets.
Unit4 retailing
The document discusses different types of retailers and retailing concepts. It describes retailers being classified based on the amount of service provided, breadth of product lines, prices charged, and organizational structure. Retailers range from self-service to full-service and include discount stores, department stores, supermarkets, and more. The document also covers retailer marketing decisions around target markets, product assortment, pricing, promotion, and location. It concludes by discussing trends in retailing like the growth of non-store formats and importance of technology.
7 eleven
Seven-Eleven Japan was established in 1973 and opened its first store in 1974. It grew rapidly between 1985-2003, increasing its number of stores from 2,299 to 10,303 and annual sales from 386 billion yen to 2,343 billion yen. By 2004 it was Japan's largest retailer by operating income and number of stores, with over 10,000 stores. Seven-Eleven Japan developed an extensive franchise system, with franchise commissions accounting for over 68% of revenue by 2004. It emphasized using technology and data analysis to efficiently manage its large network of stores.
Emerging trends in fashion retailing
The document discusses emerging trends in the fashion retailing market in India. It notes that the domestic apparel market is growing at a 9% CAGR annually and corporatized retail now accounts for 19% of apparel sales. Retail formats like malls and lifestyle stores are popular as are online and mobile channels. Challenges include infrastructure issues, high real estate costs, and a lack of trained retail staff. Emerging trends include increased omni-channel retailing, personalized in-store experiences, greater technology integration, and growth in mobile retail. Deeper consumer insights and supply chain improvements will also be important for retailers.
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Strategic Levers of Retailing,
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2) Retailers must understand their target customers and competitors' customers to select the best market and location. Demographic and geographic factors like population characteristics, transportation access, and local interests are important.
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Turning shoppers into buyers with winning retail conversion strategies
Turning shoppers into buyers with winning retail conversion strategies
Managing Retailing, Wholesaling, and Market Logistics
Managing Retailing, Wholesaling, and Market Logistics
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Rm assignment2
The group has been assigned as business consultants to an Australian Retail Group. They must submit a 2,500-word report on a large Chinese retail institution in Zhengzhou and make a presentation of no more than 30 slides to the chairman. The report should include an industry analysis, competitor analysis, retail strategy analysis, consumer behavior analysis, retail site evaluation criteria, and a conclusion discussing what was learned and suggestions for improvement.
Trade theories
This document contains key terms and concepts related to international trade theories and economic history, including references to world wars, the industrial revolution, and trade theories from Adam Smith to new trade theory. Some of the major topics covered include comparative advantage, absolute advantage, mercantilism, theories of international trade such as Ricardo's model and Heckscher-Ohlin theory, as well as concepts like national competitive advantage, firm strategy, and productivity.
Rm assignment
The document provides guidance for an assignment on analyzing a retail store. Students are instructed to select a topic from a list of store types, observe the store's retail strategy, and write a report analyzing the store's type, location, merchandise, prices, atmosphere, services, promotion, processes, and customers. The report should be 1,000 to 1,500 words in length and address these various elements of the retail strategy.
Assignment 2
This document outlines a research project on improving a college canteen. It discusses collecting secondary data on student usage patterns and satisfaction levels. Primary data will be gathered through questionnaires with students to identify areas for improvement. Findings will be analyzed and recommendations made to address dissatisfied students and other issues identified.
Summary scm
This document discusses key topics in supply chain management (SCM) including outsourcing logistics services, order management, transportation, warehousing, inventory management, packaging, supplier selection, system design, and international logistics structures. It provides definitions and overviews of supply chains, SCM, third-party logistics (3PL) providers, electronic commerce and logistics, order management, packaging, transportation modes, warehouse location analysis, warehousing management, inventory management, supplier selection, logistics system design, and international logistics structures.
Research methods1
This document outlines different research methods used to collect data, including primary and secondary sources, observation, experiments, surveys, sampling techniques, survey approaches, questionnaire structures, and survey administration frequencies. Primary data is collected directly from original sources like observation or experiments, while secondary data comes from existing sources. Sampling can be probability-based using random, systematic, or stratified methods, or non-probability based like convenience or judgmental sampling. Surveys are commonly conducted by post, telephone, or in-person interviews using either unstructured or structured questionnaires that may be administered in-house or outsourced. Surveys can also vary in frequency from ad hoc to continuous collection.
Make orbuy
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive function. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms.
210social responsibilities
Corporate social responsibilities and promoting social responsibility in supply chain management. The document discusses key concepts like stakeholders and CSR. It outlines IBM's environmental responsibilities to stakeholders, including efficient raw material use, recycling, and energy saving. The document also suggests ways for IBM to screen suppliers, including questionnaires and compliance with standards. It describes IBM's strategies for promoting CSR among suppliers, such as audits, learning programs, and industry collaboration. IBM's CSR initiatives have strengthened its relationships with suppliers by assisting them to improve and sharing best practices.
206global sourcing
Global sourcing involves identifying, selecting, and developing suppliers globally, including outsourcing partners. Common activities outsourced include resource-intensive tasks requiring specialist skills or changing technologies. Outsourcing purchasing is more common where purchasing is non-core, the supplier base is small and proven, and items supplied are non-strategic and low risk/cost. Benefits of outsourcing include reduced costs and staffing needs, increased flexibility, and focus on core business functions, while potential problems include reduced quality control, dependence on few suppliers, and loss of skills/expertise. Implementing outsourcing requires careful planning and management of supplier relationships.
208 internationalpurchasingspecialists
International purchasing specialists (IPS) act as intermediaries between international buyers and sellers. They use their expertise in local markets and industries to identify suppliers that match buyers' needs, help negotiate deals, and manage the relationship. IPS provide a range of services including market research, arranging meetings between buyers and sellers, assisting with communications, advising on logistics and documentation, and keeping clients informed on industry trends. Hiring an IPS widens sourcing options, can lower costs or improve quality, saves time, and eases the challenges of international procurement.
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Rm group
- 15. Middle-income Higher education The main business district