A brief summary of Inventory Management techniques. It includes the following methods of Inventory control: Economic Order Quantity, VED classification, Just in Time, ABC analysis, FSN analysis, VMI analysis, FIFO analysis. I have further discussed by focusing on the automobile industry.
Organized retail in India has grown considerably. The presentation on Retail Logistics deals with the rise of organized retail and players in retailing. The results of organized retail and the emerging aspects of retailing are also included. Welingkar’s Distance Learning Division has initiated this presentation.
For more such innovative content on management studies, join WeSchool PGDM-DLP Program: http://bit.ly/DistMang
Join us on Facebook: http://www.facebook.com/welearnindia
Follow us on Twitter: https://twitter.com/WeLearnIndia
Read our latest blog at: http://welearnindia.wordpress.com
Subscribe to our Slideshare Channel: http://www.slideshare.net/welingkarDLP
Strategic Guide To Manage And Control Warehouse Costing Powerpoint Presentati...SlideTeam
You can download this product from -
https://www.slideteam.net/strategic-guide-to-manage-and-control-warehouse-costing-powerpoint-presentation-slides.html
slideteam.net has the world's largest collection of Powerpoint Templates. Browse and Download now!
Description of this above product -
Warehouse management refers to organizing and controlling every operation within the warehouse. Grab our Strategic Guide to Manage and Control Warehouse Costing template. It is professionally crafted to help an organization manage the warehouses operational expenses to increase the overall profitability. Our Inventory Management deck helps reduce the overall costs of business by streamlining processes and utilizing space plus resources efficiently. It initially covers a storage optimization strategy to improve inventory visibility in the warehouse and reduce overstocking goods. Additionally, Our Warehouse Automation PPT covers inventory management techniques like ABC analysis, LIFO FIFO method, and HML analysis. It also showcases various techniques to help the organization identify and reduce warehouse theft. The Warehouse Stock Management module incorporates inventory-picking optimization techniques to minimize warehouse expenses and reduce manual human errors. It further highlights various warehouse automation technologies for reducing manual errors and operational costs. Furthermore, our Warehouse Shipment Presentation highlights various KPIs that can help to track the warehouse expenses with the impact of these strategies on warehouse direct, indirect and fixed costs. Lastly, it shows a dashboard that can help track warehouse shipments and payments. Get access now.
Hi Friends
This is supa bouy
I am a mentor, Friend for all Management Aspirants, Any query related to anything in Management, Do write me @ supabuoy@gmail.com.
I will try to assist the best way I can.
Cheers to lyf…!!!
Supa Bouy
This document discusses various topics related to retail, including:
1) The major types of retail establishments such as department stores, supermarkets, discount stores, and non-store retailers like e-commerce.
2) Merchandising decisions around sales planning, inventory levels, pricing, and profit margins.
3) Retail location theories including Reilly's Law of Retail Gravitation and indices for measuring retail saturation and buying power.
4) Metrics for assessing retail performance like profits, asset turnover, and productivity.
Hi Friends
This is supa bouy
I am a mentor, Friend for all Management Aspirants, Any query related to anything in Management, Do write me @ supabuoy@gmail.com.
I will try to assist the best way I can.
Cheers to lyf…!!!
Supa Bouy
This document discusses factors retailers consider when selecting store locations and evaluating trade areas. Key factors include economic conditions, competition, fit with the target market, and operating costs of the area. When evaluating a specific site, retailers examine characteristics like traffic flow, location, and costs. They also analyze the trade area to understand customer demographics, size of the primary trading zone, and sales potential. Common tools used include census data, GIS mapping, and models like Huff's gravity model or regression analysis.
A brief summary of Inventory Management techniques. It includes the following methods of Inventory control: Economic Order Quantity, VED classification, Just in Time, ABC analysis, FSN analysis, VMI analysis, FIFO analysis. I have further discussed by focusing on the automobile industry.
Organized retail in India has grown considerably. The presentation on Retail Logistics deals with the rise of organized retail and players in retailing. The results of organized retail and the emerging aspects of retailing are also included. Welingkar’s Distance Learning Division has initiated this presentation.
For more such innovative content on management studies, join WeSchool PGDM-DLP Program: http://bit.ly/DistMang
Join us on Facebook: http://www.facebook.com/welearnindia
Follow us on Twitter: https://twitter.com/WeLearnIndia
Read our latest blog at: http://welearnindia.wordpress.com
Subscribe to our Slideshare Channel: http://www.slideshare.net/welingkarDLP
Strategic Guide To Manage And Control Warehouse Costing Powerpoint Presentati...SlideTeam
You can download this product from -
https://www.slideteam.net/strategic-guide-to-manage-and-control-warehouse-costing-powerpoint-presentation-slides.html
slideteam.net has the world's largest collection of Powerpoint Templates. Browse and Download now!
Description of this above product -
Warehouse management refers to organizing and controlling every operation within the warehouse. Grab our Strategic Guide to Manage and Control Warehouse Costing template. It is professionally crafted to help an organization manage the warehouses operational expenses to increase the overall profitability. Our Inventory Management deck helps reduce the overall costs of business by streamlining processes and utilizing space plus resources efficiently. It initially covers a storage optimization strategy to improve inventory visibility in the warehouse and reduce overstocking goods. Additionally, Our Warehouse Automation PPT covers inventory management techniques like ABC analysis, LIFO FIFO method, and HML analysis. It also showcases various techniques to help the organization identify and reduce warehouse theft. The Warehouse Stock Management module incorporates inventory-picking optimization techniques to minimize warehouse expenses and reduce manual human errors. It further highlights various warehouse automation technologies for reducing manual errors and operational costs. Furthermore, our Warehouse Shipment Presentation highlights various KPIs that can help to track the warehouse expenses with the impact of these strategies on warehouse direct, indirect and fixed costs. Lastly, it shows a dashboard that can help track warehouse shipments and payments. Get access now.
Hi Friends
This is supa bouy
I am a mentor, Friend for all Management Aspirants, Any query related to anything in Management, Do write me @ supabuoy@gmail.com.
I will try to assist the best way I can.
Cheers to lyf…!!!
Supa Bouy
This document discusses various topics related to retail, including:
1) The major types of retail establishments such as department stores, supermarkets, discount stores, and non-store retailers like e-commerce.
2) Merchandising decisions around sales planning, inventory levels, pricing, and profit margins.
3) Retail location theories including Reilly's Law of Retail Gravitation and indices for measuring retail saturation and buying power.
4) Metrics for assessing retail performance like profits, asset turnover, and productivity.
Hi Friends
This is supa bouy
I am a mentor, Friend for all Management Aspirants, Any query related to anything in Management, Do write me @ supabuoy@gmail.com.
I will try to assist the best way I can.
Cheers to lyf…!!!
Supa Bouy
This document discusses factors retailers consider when selecting store locations and evaluating trade areas. Key factors include economic conditions, competition, fit with the target market, and operating costs of the area. When evaluating a specific site, retailers examine characteristics like traffic flow, location, and costs. They also analyze the trade area to understand customer demographics, size of the primary trading zone, and sales potential. Common tools used include census data, GIS mapping, and models like Huff's gravity model or regression analysis.
Unit 2 logistics environment lscm (11 pages)Suzana Vaidya
1) The document discusses logistics and customer service. It emphasizes that customer service should be the central focus of logistics management as satisfying customers is the ultimate goal.
2) Customer expectations are continually increasing while markets are becoming more commodity-based, so customer service can provide a competitive advantage where product differences are small.
3) The success of any business depends on the customer value it provides through quality, service, cost and time - all areas logistics can impact. Customer retention is also crucial to profitability.
Wal mart assignment-strategic management-ahmed m. adelAhmed Adel
Wal-Mart faces a strategic dilemma with Vlasic pickles. As a major customer accounting for 1/3 of Vlasic's business, Wal-Mart demanded that Vlasic sell giant pickle jars for under $3. This resulted in losses for Vlasic. It would not be realistic for Vlasic to stop doing business with Wal-Mart, as they rely heavily on the revenue and it could mean the downfall of the company. Supply chain management and logistics play a key role in Wal-Mart's success. Through efficient distribution centers and cross-docking, Wal-Mart is able to quickly stock low-cost products and meet customer demands.
Top trends in Retailing can be a good anchor slide show for a discussion/talk on retailing with the detailed content changed to express the very latest!
The document discusses setting up a retail organization. It explains that a retail organization structures functions, policies, resources, authority, responsibility, and rewards to satisfy customers and employees while ensuring business survival. It also notes that while retailers perform similar tasks, there are various ways to organize them. The document then outlines the process of setting up a retail organization, including specifying tasks, dividing tasks among members and customers, grouping tasks into jobs, classifying jobs, and developing an organizational chart.
Warehouse logistics involves planning, organizing, and managing all operations within a warehouse. This includes inventory management, shipping and receiving, safety policies, and human resources. Effective warehouse logistics is key to running warehouse operations smoothly. Implementing a warehouse management system is important for improving warehouse logistics by providing real-time inventory visibility, optimizing processes, and increasing efficiency. However, warehouse logistics are influenced by human factors like employee training and changes within the physical warehouse, so ongoing adaptation is needed.
Group 1 analyzed Walmart's business strategies and competitive advantages. They conducted a SWOT analysis identifying strengths like EDLP pricing and weaknesses like labor issues. Opportunities include improving online shopping while threats include competitors. Recommendations were to utilize customer data, improve online ordering, and launch an in-store rewards program. The timeline outlined enhancing the core business before expanding delivery services over 3 years.
The document discusses factors that influence retail shoppers' decisions and the customer decision-making process. It describes how understanding consumer behavior can help retailers satisfy customers. It outlines the stages in a customer's decision process, from need recognition to purchase. It also discusses factors like demographics, lifestyle, and family life cycle that influence shopping behavior. Finally, it explains how research can help retailers understand customers and build loyalty.
Trader Joe's was founded in 1958 as Pronto convenience stores and opened its first location in 1967 in Pasadena, CA. It now has over 300 stores across 25 states. Trader Joe's aims to give customers high quality products at low prices in a unique shopping experience. Stores curate a laidback atmosphere through Hawaiian-shirt clad employees, nautical decorations, and new product discoveries. The company focuses on customer service through personal recommendations rather than discounts. This cultivates loyal customers who enjoy the adventurous shopping experience.
This document summarizes feedback from various sources on the performance of Tesco's Fresh & Easy grocery stores in Las Vegas after one year. A taxi driver, Fresh & Easy employee, and former independent grocer provide their perspectives. The taxi driver and former grocer feel Fresh & Easy is struggling due to higher prices and lack of service, while the employee is enthusiastic about opportunities at the store. Overall, the impact of Fresh & Easy in Las Vegas remains unclear based on these varied opinions.
24K is a new luxury clothing store offering apparel from up-and-coming designers. The store is financed through a $25,000 loan from a manager's father. Over 12 quarters, the store focuses on creating a luxurious shopping environment, establishing a customer base, becoming profitable, being community leaders, and gaining over 50% market share. Throughout operations, the store makes strategic decisions around security, ethical dilemmas with officials, employee issues, advertising, and community support to protect its brand and satisfy customers.
Small Business BC seminar and webinar presentation is about planning and crafting a crucial part of the blue print of the overall business plan including what items to prepare for a meeting with a prospective retail customer.
12 checklists to start your fashion boutiqueSonysamal1
1. The document provides a checklist of 12 important factors to consider when starting a fashion boutique business. It discusses deciding on the boutique type, defining the unique selling proposition, sourcing funding, choosing a location, finding suppliers, setting pricing, store design, operations, legal requirements, hiring employees, developing a marketing plan, and implementing digital marketing strategies.
2. Key aspects that are recommended to focus on include determining the boutique concept as consignment, retail or franchise; understanding the target customer; securing adequate funding; selecting an optimal location; establishing reliable supply chains; setting competitive yet profitable prices; creating an appealing store environment; defining operational procedures; fulfilling legal obligations; hiring qualified staff as needed; and developing
This document provides talking points and an agenda for Stop & Shop store managers to use in conducting 30-minute engagement meetings with store associates in August 2014. The meetings aim to empower associates to understand their role in helping the store get better every day. Key discussion points include the Plus One initiative to improve store performance incrementally, the Shop Friendly customer service training, e-commerce strategies like Peapod delivery and pickup, the Customer Proposition value initiative, and Simplicity process improvement efforts. Associates are also challenged to create a fun 3-word video or photo capturing how their store or team is getting better daily, with a prize for the best entry.
7 Secrets To Attract Your Perfect CustomerJesse Stoddard
The Little-Known Target Marketing Techniques That The Richest Entrepreneurs Hope Their Competitors Never Discover
https://jessestoddard.com/7-secrets-to-attract-your-perfect-customer/
Why retailers buy. How to approach retailers. What retailers are thinking about. What retail buyers look for in suppliers. What retail buyers look for in a product. Retail pricing & merchandising. Retail distribution, supply chain & logistics channels.
Your sales & marketing plan
Entrepreneurs are those whom capable to identify problem and works on a solution for it either on profit or non-profitable basis. Entrepreneurs knew that in order to succeed with their undertaking and continuously be in in the industry they need poses certain essential traits. We researched and summarized five essential traits are often developed or cultivated by entrepreneurs to grow a profitable business.
What buyers of companies really care aboutCoolrunnings
The document discusses the mindset of buyers of companies and provides advice for sellers. It outlines "The 8 Commandments of Effective Acquisition" that buyers use to evaluate targets, such as paying for future potential, not past performance. It also details "The 4 Ways to Demoralize the Seller" tactics buyers use to lower the price, like using time pressure, comparing to alternatives, and challenging financial assumptions. The presentation aims to help sellers understand what buyers truly value and how to withstand negotiation pressures.
Trader Joe's - Case Study presents information about the grocery store Trader Joe's. It discusses the company's background starting in the 1950s, its focus on customers through low prices and unique products. It also describes Trader Joe's branding strategy of creating a neighborhood feel and guaranteeing products. The document outlines Trader Joe's performance results of annual profits of $8 billion in 2009 and high customer service ratings. It identifies critical success factors as the relaxed atmosphere and reasonably priced, locally sourced items. Finally, it analyzes opportunities and weaknesses for Trader Joe's potential expansion to Thailand.
This document provides information about becoming a retail merchandiser. It defines merchandising as arranging product displays to ensure items are stocked, attractively presented, and in the proper quantity. Merchandisers typically visit each store weekly but may adjust schedules seasonally. Pay ranges from $8-15/hour up to $20/hour for specialists. The document recommends merchandising as a rewarding part-time career that allows stay-at-home parents and others to earn supplemental income without needing to replace a full salary. It suggests signing up with multiple merchandising companies can provide more work opportunities.
For New Entrepreneurs- Ecommerce BusinessRavi Fotedar
The document provides guidance on finding product ideas to sell online. It outlines eight types of product opportunities, including solving customer pain points, following trends, and utilizing one's own expertise. The document then lists ten places to look for product ideas, such as starting with one's own ideas, local businesses, and trend publications. The goal is to help aspiring entrepreneurs identify viable product options by considering different opportunities and sources of inspiration.
Simple and Remarkable Ways to Improve Your Marketing Results in a Competitive Environment.
The business marketplace is like an expansive ocean filled with opportunities; you can explore its limitless market potential to find your niche and create a brand name of your own; however, there is still much out there in the vast ocean that you still haven’t encountered…yet.
The big question is - how can your brand and product stand out from your competition? How should you communicate your brand value to your target audience? And why should they listen to you?
The marketplace is saturated enough as it is with existing players (or the Big Sharks as you might come to familiarise with the term). These Big Sharks have been in the market probably longer than you have and are already dominating some of the market segments you are seeking to enter.
In this book, you will learn some of the tricks as to how SMEs (the Small Fishes), or you for that matter, can successfully create a difference in a huge business marketplace (the Big Pond).
Small Fish Conquering the Big Pond will reveal to you some of the tried and tested ideas that you as an SME can make use of to make your product stand out from your competition and capture your intended audience’s attention, without having to spend a big sum of money on marketing and advertising campaigns.
A little creativity and ingenuity are what it takes to kick-start on your own and I will show you how to get there. This book has summarised many years of crucial research and findings on how top-performing companies have invested in creative marketing strategies and innovations, which have propelled their enormous rise to success.
You will also find simple and easily implemented as well as creative marketing methods that you can use to market your products or services more effectively and in turn, achieve maximum profitability.
Unit 2 logistics environment lscm (11 pages)Suzana Vaidya
1) The document discusses logistics and customer service. It emphasizes that customer service should be the central focus of logistics management as satisfying customers is the ultimate goal.
2) Customer expectations are continually increasing while markets are becoming more commodity-based, so customer service can provide a competitive advantage where product differences are small.
3) The success of any business depends on the customer value it provides through quality, service, cost and time - all areas logistics can impact. Customer retention is also crucial to profitability.
Wal mart assignment-strategic management-ahmed m. adelAhmed Adel
Wal-Mart faces a strategic dilemma with Vlasic pickles. As a major customer accounting for 1/3 of Vlasic's business, Wal-Mart demanded that Vlasic sell giant pickle jars for under $3. This resulted in losses for Vlasic. It would not be realistic for Vlasic to stop doing business with Wal-Mart, as they rely heavily on the revenue and it could mean the downfall of the company. Supply chain management and logistics play a key role in Wal-Mart's success. Through efficient distribution centers and cross-docking, Wal-Mart is able to quickly stock low-cost products and meet customer demands.
Top trends in Retailing can be a good anchor slide show for a discussion/talk on retailing with the detailed content changed to express the very latest!
The document discusses setting up a retail organization. It explains that a retail organization structures functions, policies, resources, authority, responsibility, and rewards to satisfy customers and employees while ensuring business survival. It also notes that while retailers perform similar tasks, there are various ways to organize them. The document then outlines the process of setting up a retail organization, including specifying tasks, dividing tasks among members and customers, grouping tasks into jobs, classifying jobs, and developing an organizational chart.
Warehouse logistics involves planning, organizing, and managing all operations within a warehouse. This includes inventory management, shipping and receiving, safety policies, and human resources. Effective warehouse logistics is key to running warehouse operations smoothly. Implementing a warehouse management system is important for improving warehouse logistics by providing real-time inventory visibility, optimizing processes, and increasing efficiency. However, warehouse logistics are influenced by human factors like employee training and changes within the physical warehouse, so ongoing adaptation is needed.
Group 1 analyzed Walmart's business strategies and competitive advantages. They conducted a SWOT analysis identifying strengths like EDLP pricing and weaknesses like labor issues. Opportunities include improving online shopping while threats include competitors. Recommendations were to utilize customer data, improve online ordering, and launch an in-store rewards program. The timeline outlined enhancing the core business before expanding delivery services over 3 years.
The document discusses factors that influence retail shoppers' decisions and the customer decision-making process. It describes how understanding consumer behavior can help retailers satisfy customers. It outlines the stages in a customer's decision process, from need recognition to purchase. It also discusses factors like demographics, lifestyle, and family life cycle that influence shopping behavior. Finally, it explains how research can help retailers understand customers and build loyalty.
Trader Joe's was founded in 1958 as Pronto convenience stores and opened its first location in 1967 in Pasadena, CA. It now has over 300 stores across 25 states. Trader Joe's aims to give customers high quality products at low prices in a unique shopping experience. Stores curate a laidback atmosphere through Hawaiian-shirt clad employees, nautical decorations, and new product discoveries. The company focuses on customer service through personal recommendations rather than discounts. This cultivates loyal customers who enjoy the adventurous shopping experience.
This document summarizes feedback from various sources on the performance of Tesco's Fresh & Easy grocery stores in Las Vegas after one year. A taxi driver, Fresh & Easy employee, and former independent grocer provide their perspectives. The taxi driver and former grocer feel Fresh & Easy is struggling due to higher prices and lack of service, while the employee is enthusiastic about opportunities at the store. Overall, the impact of Fresh & Easy in Las Vegas remains unclear based on these varied opinions.
24K is a new luxury clothing store offering apparel from up-and-coming designers. The store is financed through a $25,000 loan from a manager's father. Over 12 quarters, the store focuses on creating a luxurious shopping environment, establishing a customer base, becoming profitable, being community leaders, and gaining over 50% market share. Throughout operations, the store makes strategic decisions around security, ethical dilemmas with officials, employee issues, advertising, and community support to protect its brand and satisfy customers.
Small Business BC seminar and webinar presentation is about planning and crafting a crucial part of the blue print of the overall business plan including what items to prepare for a meeting with a prospective retail customer.
12 checklists to start your fashion boutiqueSonysamal1
1. The document provides a checklist of 12 important factors to consider when starting a fashion boutique business. It discusses deciding on the boutique type, defining the unique selling proposition, sourcing funding, choosing a location, finding suppliers, setting pricing, store design, operations, legal requirements, hiring employees, developing a marketing plan, and implementing digital marketing strategies.
2. Key aspects that are recommended to focus on include determining the boutique concept as consignment, retail or franchise; understanding the target customer; securing adequate funding; selecting an optimal location; establishing reliable supply chains; setting competitive yet profitable prices; creating an appealing store environment; defining operational procedures; fulfilling legal obligations; hiring qualified staff as needed; and developing
This document provides talking points and an agenda for Stop & Shop store managers to use in conducting 30-minute engagement meetings with store associates in August 2014. The meetings aim to empower associates to understand their role in helping the store get better every day. Key discussion points include the Plus One initiative to improve store performance incrementally, the Shop Friendly customer service training, e-commerce strategies like Peapod delivery and pickup, the Customer Proposition value initiative, and Simplicity process improvement efforts. Associates are also challenged to create a fun 3-word video or photo capturing how their store or team is getting better daily, with a prize for the best entry.
7 Secrets To Attract Your Perfect CustomerJesse Stoddard
The Little-Known Target Marketing Techniques That The Richest Entrepreneurs Hope Their Competitors Never Discover
https://jessestoddard.com/7-secrets-to-attract-your-perfect-customer/
Why retailers buy. How to approach retailers. What retailers are thinking about. What retail buyers look for in suppliers. What retail buyers look for in a product. Retail pricing & merchandising. Retail distribution, supply chain & logistics channels.
Your sales & marketing plan
Entrepreneurs are those whom capable to identify problem and works on a solution for it either on profit or non-profitable basis. Entrepreneurs knew that in order to succeed with their undertaking and continuously be in in the industry they need poses certain essential traits. We researched and summarized five essential traits are often developed or cultivated by entrepreneurs to grow a profitable business.
What buyers of companies really care aboutCoolrunnings
The document discusses the mindset of buyers of companies and provides advice for sellers. It outlines "The 8 Commandments of Effective Acquisition" that buyers use to evaluate targets, such as paying for future potential, not past performance. It also details "The 4 Ways to Demoralize the Seller" tactics buyers use to lower the price, like using time pressure, comparing to alternatives, and challenging financial assumptions. The presentation aims to help sellers understand what buyers truly value and how to withstand negotiation pressures.
Trader Joe's - Case Study presents information about the grocery store Trader Joe's. It discusses the company's background starting in the 1950s, its focus on customers through low prices and unique products. It also describes Trader Joe's branding strategy of creating a neighborhood feel and guaranteeing products. The document outlines Trader Joe's performance results of annual profits of $8 billion in 2009 and high customer service ratings. It identifies critical success factors as the relaxed atmosphere and reasonably priced, locally sourced items. Finally, it analyzes opportunities and weaknesses for Trader Joe's potential expansion to Thailand.
This document provides information about becoming a retail merchandiser. It defines merchandising as arranging product displays to ensure items are stocked, attractively presented, and in the proper quantity. Merchandisers typically visit each store weekly but may adjust schedules seasonally. Pay ranges from $8-15/hour up to $20/hour for specialists. The document recommends merchandising as a rewarding part-time career that allows stay-at-home parents and others to earn supplemental income without needing to replace a full salary. It suggests signing up with multiple merchandising companies can provide more work opportunities.
For New Entrepreneurs- Ecommerce BusinessRavi Fotedar
The document provides guidance on finding product ideas to sell online. It outlines eight types of product opportunities, including solving customer pain points, following trends, and utilizing one's own expertise. The document then lists ten places to look for product ideas, such as starting with one's own ideas, local businesses, and trend publications. The goal is to help aspiring entrepreneurs identify viable product options by considering different opportunities and sources of inspiration.
Simple and Remarkable Ways to Improve Your Marketing Results in a Competitive Environment.
The business marketplace is like an expansive ocean filled with opportunities; you can explore its limitless market potential to find your niche and create a brand name of your own; however, there is still much out there in the vast ocean that you still haven’t encountered…yet.
The big question is - how can your brand and product stand out from your competition? How should you communicate your brand value to your target audience? And why should they listen to you?
The marketplace is saturated enough as it is with existing players (or the Big Sharks as you might come to familiarise with the term). These Big Sharks have been in the market probably longer than you have and are already dominating some of the market segments you are seeking to enter.
In this book, you will learn some of the tricks as to how SMEs (the Small Fishes), or you for that matter, can successfully create a difference in a huge business marketplace (the Big Pond).
Small Fish Conquering the Big Pond will reveal to you some of the tried and tested ideas that you as an SME can make use of to make your product stand out from your competition and capture your intended audience’s attention, without having to spend a big sum of money on marketing and advertising campaigns.
A little creativity and ingenuity are what it takes to kick-start on your own and I will show you how to get there. This book has summarised many years of crucial research and findings on how top-performing companies have invested in creative marketing strategies and innovations, which have propelled their enormous rise to success.
You will also find simple and easily implemented as well as creative marketing methods that you can use to market your products or services more effectively and in turn, achieve maximum profitability.
Saleskipathshala :- Handling sales discounts - by Sanjay SinghSanjay Singh
What is the right price to sell your product? How much discount should we give to customer? Should we lose the order to competitor due to price? What to do if discount is not affordable?
This document provides an analysis of Trader Joe's competitive strategy in the supermarket industry. It discusses how Trader Joe's achieves competitive advantages through various aspects of its business model, including maintaining low prices through private label products and bulk purchasing, keeping operations simple with few SKUs and small store formats, investing in employee training and benefits, and relying on word-of-mouth marketing rather than traditional advertising. The analysis examines Trader Joe's strategy using Porter's Five Forces and a value chain framework to illustrate how Trader Joe's unique approach has allowed it to carve out a profitable niche and maintain sustainability in the highly competitive grocery market.
This document provides an overview of Kishore Biyani, the CEO of Future Group, which operates various retail businesses in India. It discusses Biyani's background in textiles and how he launched Pantaloon, India's first branded apparel retailer. It describes how Biyani pioneered modern retail formats in India like Big Bazaar and Food Bazaar, democratizing shopping for Indian consumers. The document also discusses Biyani's people-centric approach and philosophy of treating customers as kings, as well as his continuous efforts to innovate, learn and adapt Future Group's business model to India's evolving retail landscape.
This document provides a summary of Nordstrom's marketing strategies, known as the 4Ps - Product, Price, Promotion, and Place.
It describes Nordstrom's wide range of product offerings that cater to various customer groups and budgets. Pricing strategies include a broad price range, price matching, sales, and moving items to Nordstrom Rack outlets. Promotional efforts focus on social media, a customer loyalty program, and periodic sales events. Nordstrom aims to provide consistency across locations and online through high quality customer service.
This document provides an overview of why and how to buy a business. It outlines 4 key steps:
1) Choose the right business by selecting one that matches your strengths and drives revenue and profit.
2) Accurately value the business based on past profits and future impact, not just asking price.
3) Conduct thorough due diligence by using a 200-point checklist to evaluate opportunities and avoid surprises.
4) Arrange financing, with the priority being finding a good business first before financing, as a strong deal can always be financed. The document emphasizes buying at a good price through seller financing.
BJ's Wholesale Club differentiated itself from competitors Costco and Sam's Club by offering a wider range of products, focusing on customer experience through merchandising, clustering store locations, and aiming to be the top player in each market. BJ's attracted over 9 million members in 2011 by offering cash back rewards for its credit cards as well as flexible payment and return policies. Stores were located in standalone and shopping center locations, costing $6-10 million to build, and carried about $2 million in inventory each.
An intelligAn intelligent patent recommender adopting machine learning approa...AtharNaemi
An intelligent patent recommender
adopting machine learning approach
for natural language processing:
A case study for smart machinery
technology mining
Authors:
Amy Trappey a, Charles V. Trappey b, Alex Hsieh a
https://doi.org/10.1016/j.techfore.2020.120511
This is a presentation about the referred article.
این ارائه ترکیبی از زبان فارسی و انگلیسی است.
The document discusses Prince2 themes of business case and organization. It provides details on the four steps to create a business case: develop, verify, maintain, and confirm benefits. It emphasizes the importance of properly defining the project organization and roles from the beginning. The project manager should understand who is responsible for what and get buy-in on the organization structure to avoid issues later in the project from unclear or undefined responsibilities.
This document discusses different types of minimum viable products (MVPs) that can be used to validate solutions, including fake door MVPs, landing page MVPs, email campaign MVPs, marketing campaign MVPs, pre-order MVPs, and single-feature app MVPs. It also discusses prioritizing MVP features based on their importance and impact, including must-have, basic, neutral, performance, and delighter features. Additionally, it outlines different strategies for prioritizing features, such as quick wins, maybes, big bets, and time sinks.
The document discusses the G2B (government to business) business model where governments provide services to businesses through online portals. It provides examples like the Transportation Security Administration auctioning confiscated items, the U.S. Geological Survey selling survey data, and the Small Business Administration providing assistance to small businesses. The model has pros like lower costs, reduced transaction times and easier access to information. However, it also has cons like not everyone having internet access and businesses giving up privacy by providing information to the government.
This document summarizes research on using immersive virtual reality and augmented reality technologies for education and training. It finds that about half of cognitive studies show a learning benefit, especially for highly complex problems. However, many studies find no significant benefit over less immersive technologies. A small number find detrimental effects. Virtual skills can successfully transfer to the real world. Repeated safe practice is a key advantage. Only 30% clearly showed VR enhancing learning, while 10% found no advantage. Students need extensive training to benefit fully. The metaverse framework and ELEM model aim to integrate E-Learning into virtual environments.
Industry 4.0 focuses on technologies like digital twins, 3D printing, big data, augmented reality, autonomous robots, artificial intelligence, and cloud computing. Industry 5.0 emphasizes collaborative partnerships between humans and smart systems, with each focusing on their strengths. It also aims for mass personalization of products and a bottom-up supply chain approach. The goal is a more human-centric and sustainable system that improves productivity while maintaining human roles. Industry 5.0 provides purpose and responsible application of Industry 4.0 technologies, not a revolution, with the true 5th industrial revolution involving biological technologies.
Building Your Employer Brand with Social MediaLuanWise
Presented at The Global HR Summit, 6th June 2024
In this keynote, Luan Wise will provide invaluable insights to elevate your employer brand on social media platforms including LinkedIn, Facebook, Instagram, X (formerly Twitter) and TikTok. You'll learn how compelling content can authentically showcase your company culture, values, and employee experiences to support your talent acquisition and retention objectives. Additionally, you'll understand the power of employee advocacy to amplify reach and engagement – helping to position your organization as an employer of choice in today's competitive talent landscape.
Best practices for project execution and deliveryCLIVE MINCHIN
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2. • American chain of grocery stores
• has 560 stores across the United
States.
• known for its unique food products,
including seasonal offerings, as well
as for its low prices.
• Number of employees: 50,000+
• headquartered in Monrovia,
California.
Resource: CNN, Wikipedia
3.
4. Ranking Top Food Retailers in
North America 2021
Resource: Progressivegrocer
5. Trader Joe’s Strategy:
12 Keys to its Success
Resource: https://www.indigo9digital.com/blog/traderjoesstrategy
6. 1. Low prices
As Trader Joe’s writes on its website: “we know that maintaining our everyday focus on value is vital,
which is why we don’t have sales, we don’t offer coupons, and there are no loyalty programs or
membership cards to swipe at our stores. Trader Joe’s believes every customer should have access
to the best prices on the best products every day.
To consistently deliver value:
• We buy direct from suppliers whenever possible, we bargain hard to get the best price, and then pass
the savings on to you.
• We buy in volume and contract early to get the best prices.
• If an item doesn’t pull its weight in our stores, it goes away, making room for another innovative new
product.
• Most grocers charge their suppliers fees for putting an item on the shelf. This results in higher prices... so
we don’t do it.
• We keep our costs low because every penny we save is a penny you save.”
7. 2. A fun and friendly atmosphere
3. Details that matter
Trader Joe’s feels like your
neighborhood grocery store.
It’s stores are small, fun and
cheerful. While its stores do not
have the most expensive design
elements they are inviting,
encouraging customers to come
inside and stay a while.
What makes a retailer memorable?
It’s all of the small things it does
along the way that together form a
great customer experience. Trader
Joe’s has put considerable thought
into details like store signage.
8. 4. Excellent customer service.
Mark Gardiner took a job as an entry level
employee at Trader Joe’s for a year to gain
insight into why the retailer is so successful.
“even as a new crew member (the lowest-
level employee) I was empowered to do
almost anything for a customer. Spend 15
minutes in the storeroom looking for a $5
item at a customer’s request? No problem.
If I encountered a customer who seemed to
be having a bad day, I could give her a
bouquet of flowers on my own initiative.
Any time a customer asked, “What are
these like?” I could open a package and
give them a free sample.”
9. 5. Best in class private branded products.
In 1972 Trader Joe’s introduced its first private label product, a brand of granola.
As Trader Joe’s has written on its website: “focusing on private label (products with
“Trader Joe’s” name on them) simplified a lot of things, and removed a lot of
costs – no more slotting fees, marketing fees, middlemen fees… We passed
along those savings to our customers (still do), because the value of Value is
invaluable. And to us, “Value” means offering the best quality products for the
best, everyday prices.”
Many of Trader Joe’s private branded products are customer favourites meaning that
customers have to go to Trader Joe’s to get them, generating additional foot
traffic and sales for the retailer.
10. 6. Only the best products.
Unlike retailers that have tens of thousands of SKUs Trader Joe’s
only has about 4,000 skus.
This gives shoppers more confidence that when they find a new
product it will be a good one since Trader Joe’s can only stock so
many items.
11. 7. Products with limited availability.
Trader Joe’s also has many limited trial run products which draw customers in
who do not want to miss out. This is a tactic that many retailers use to keep
customers curious about what is coming out next, enticing customers to visit their
stores on a frequent basis.
12. 8. Managed growth
“We won't open a store just because we can, we want to open a store that's run by
the right kind of people doing the right kinds of things, and that's really important
to us” says Dane Bane, Trader Joe’s CEO.
it has chosen not to fall into the trap of growing so fast that it cannibalizes its own
success, an issue that retailers like Starbucks have faced in the past.
13. 9. Word of mouth marketing.
Customers can sample anything they want to in the store as long as it does not
have to be cooked. The investment Trader Joe’s puts in making high quality on trend
products pays off when customers discover new items and tell others about it.
There are several Instagram accounts dedicated to Trader Joe’s fans that are run by
people that aren’t even employed by the brand who discover and share products with
millions of followers at no cost to Trader Joe’s.
Resource: Learn G2
14. 10. A tried and tested brick and mortar shopping experience
Trader Joe’s does not offer online shopping and does not plan on offering it even
after the COVID-19 pandemic pushed more and more consumers to shop online.
"While other retailers were cutting staff and adding things like self-checkout,
curbside pickup, and outsourcing delivery options [during the pandemic], we
were hiring more crew and we continue to do that.”
Another benefit of not having an online presence is that an eCommerce business is
expensive to run and not offering online shopping forces customers to shop at
stores which is a more profitable selling channel.
15. 11. Trader Joe’s pays its employees well
Part time crew members (an entry level store position) can make up to $24 per hour which is
nearly twice the highest average minimum wage in the United States.
Captains (store managers) make around $100,000 per year.
Joe Coulombe, Trader Joe’s now deceased Founder once said that: “the fundamental
difference between Trader Joe's and all other retailers is the income level of
employees.” Speaking about his dad, Joseph Coulombe said: “he loved and believed in his
employees and he wanted to keep them. And the only way to do that was to pay them
well.”
Resource: CNBC
16. 12. Trader Joe’s makes it a priority to hire nice people
Trader Joe’s president and COO Bryan Palbaum said that Trader Joe’s explicitly tries
to find people that have “outwardly nice” personalities since it is hard to “train
someone to be nice”.
One of Trader Joe’s former CEOs, John Shields, said that he wouldn’t hire someone
if they didn’t smile within the first 30 seconds of an interview.
John Shields Bryan Palbaum An Employee