Monday, January 27, 2020
E-commerce site launch bicyclesforyou.Com
E-commerce site launch bicyclesforyou.Com Task 1 You need to do some research to familiarise yourself with the subject area and to gain some ideas about how you can carry out the rest of the project. There are a number of websites that specialise in the sale of bicycles. Use a maximum of 1 hour to review these resources. Bookmark the relevant sites and make notes of information that you can use in your assignment. http://www.avoncycles.com/ http://www.herocycles.com/about.php http://www.gtbicycles.com/are/bikes http://www.atlascyclesonepat.com/ http://www.trekbikes.com/us/en/ Bicycle companies having e-commerce sites provide information service related to different product range of bicycles they sell with images and descriptions, which suites all age group and gender. It also updates on latest technology, upcoming new quality of product and manufacturing details related to the product. For building relationship and trust, customer feedbacks are requested for improving the product quality and services. Customers can get information on availability of product from respective showrooms or distributor / dealer located in the region. Promotion offers details are available on the site. The e-commerce works in combination to traditional commerce strategy of selling the product to end users. Task 2 Produce a project plan for the way you intend to complete the rest of this assignment. For planning, use the timescale you have been allocated for this assignment i.e. from the date you start to the date you submit your assignment. Submit a copy of your plan to your tutor BEFORE you proceed further with the assignment. Task 3 Using PowerPoint or a similar tool, prepare a maximum of twelve slides that could be used to form the basis of a presentation to the owner of Bicycles For You. The first part of the presentation should explain how a SWOT analysis can be used to identify potential e-commerce opportunities within a company. The second part of the presentation should address the potential benefits that e-commerce could bring to Bicycles For You. For this you should list and briefly describe SIX benefits that you believe e-commerce could bring to the company, taking full account of their existing methods of operation. The power point presentation copy is enclosed with this assignment. Task 4 Write a short briefing document of no more than 1200 words that describes each of the following marketing activities and explains the role that they can play in helping to ensure the effective promotion of the new e-commerce site: Branding, E-mail marketing, Banner adverts, CRM, Search engine optimization. Branding: A brand represents a distinguish pattern of qualities and behaviour that gives the consumer a strong sense of security. There should be consistency in e-commerce branding. It is how consumer perceives your companys image and differentiates the product from all others in the market. It will help in promoting the newly e-commerce site by extending the existing product range on the web. With brand leveraging, the dominant positions can be extended to other products and services. Transferring existing brands to the web is much easier and less expensive. With clearly communication through right message, impressive visuals and delivering true market values will an important part of promoting the e-commerce site. The companys URL should always be included on product packaging. Integrating the URL with company logo on brochures can also be helpful in getting the work out about the web site. Ensuring that the site appears in search engine listings is also very important. E-mail marketing: E-mail marketing is about communicating to the consumers using electronic mail. It is very powerful element in any companys advertising strategy. For having an effective dialog with their customers on the launch of new e-commerce site, company can use automated e-mail communications. As the conversion rates on requested e-mail messages range from 10 percent to more than 30 percent, which are much higher than the click-through rates on banner ads. This will benefit the company in promoting the existing business through new e-commerce site. The marketing strategy of sending specific information only to people who have indicated an interest in receiving information about the product or service being promoted should be more successful. Email message with hyperlinks inserted will guide customers to the companys website and induce them to stay on the site and consider making purchases. Banner adverts: A banner add is a small rectangular object on a web page that displays stationery or moving graphic and includes a hyperlink to the advertisers web site. Banners ads are versatile advertising vehicles with graphical images which help increase awareness about company web site and its product. Companies use other web sites to display their banner ads through exchange network, place ads on web sites that appeal to one of the companys market segments and pays to those sites to carry the ads, using banner advertising network. CRM: Customer relationship management is about managing companys interaction with customers. Technology-enabled customer relationship management occurs when a firm obtains detailed information about a customers behaviour, preferences, needs, and buying patterns, and uses that information to set prices, add product features. With the existing customer database the marketing campaign for promoting of new e-commerce site can be done through direct email.Ãâà The e-commerce site will benefit company by creating and tracking specific web activities that help develop the client relationship. Search engine optimization: Search engine marketing is the medium about promoting the companys website by increasing its visibility on the search engine and improve the ranking of your website. Assigning specific keywords for the new e-commerce site, website pages can achieve higher ranking in search results with help of optimization. Task 5 Write a short report (of no more than 600 words) that defines what is meant by supply chain management and describes how this can be used to develop closer links with suppliers and provide enhanced services for customers. Supply chain management is the management of a network of interconnected businesses involved in the ultimate provision of product and service package required by end customers. It is a cross-function approach including managing the movement of raw materials into an organization, certain aspects of the internal processing of materials into finished goods, and the movement of finished goods out of the organization and delivering to the end-consumer. The purpose of supply chain management is to improve trust and collaboration among supply chain partners, thus improving inventory visibility and the velocity of inventory movement. By engaging suppliers in cooperative, long-term relationships, companies have found that they can work together with suppliers to identify new ways to provide their own customers with faster cheaper and better services. By using internet, companies simply have better and more far-reaching ways to spend up the information flow process and make it more effective. Continual communication and information sharing are key elements in building trust. Customer service can be enhanced by effective supply chain:- Better product delivery With quality information available across all the major points in the companys supply chain, the performance of the company in delivering the correct product, to the correct place, at the correct time, in the correct condition and packaging, in the correct quantities, with the correct documentation, to the correct customer will increase significantly and customers will be served better. Better responsiveness When the supply chain is running effectively, it becomes easier for a company to provide accurate information to its customers regarding any product or activity because the information is readily available. Better reliability If the supply chain becomes more reliable, the individual member companies (called partners) also become more reliable, at least from a customer service point of view because they tend to give more reliable deliveries and responses to queries. Faster Responsiveness The speed at which a supply chain provides products to the customer and resolves their problems improves dramatically, primarily because obtaining the information that customers need requires less effort and fewer procedures. Without supply chain management, many departments requested information from the partners by placing telephone calls. After the call was made, an employee was assigned to handle the particular query. Responding to the queries frequently involved counting items and retaking stock and other time -wasting procedures. Real time information systems in a well designed supply chain eliminate all these procedures and giving speedier returns. Task 6 Write a briefing note (of no more than 500 words) that lists FIVE main security threats that could pose a risk to the operation of the new e-commerce site. Explain the risks that each of these threats could pose to the site and briefly describe FIVE specific countermeasures that could be put in place to protect against these threats. The five main security threats that will pose a risk to the operation of new e-commerce site are as explained below: Confidentiality threat Confidentiality is the prevention of unauthorized information disclosure. It allows only authorized parties to read protected information. Breaching confidentiality on the internet is not difficult. If any customer login to ââ¬ËBicycle For You website that contains a form with text boxes for name, address and e-mail address. When the required information is entered and the information is sent to the web-server for processing, the captured data and the HTTP request to send the data to the server is then sent. If the customer changes his mind and goes to some other website, the other website may choose to collect web demographics and log the URL from the site which the customer just came. By this way the other website breaches the confidentiality by recording the secret information the user has entered. Integrity threat An integrity threat exists when an unauthorized party can alter a message stream of information. Unprotected banking transactions are subject to integrity violations. Some other website can represent your website as an original, creating havoc on website. Using security hole in a domain name server, perpetrators can substitute the address of their own website in place of your companys website to spoof website visitors. Integrity threat can alter vital financial information of the company and its customers. Availability threat The purpose of availability threat, also known as delay or denial threat, is to disrupt normal computer processing or to deny processing entirely. It involves getting the server to perform a large number of mundane tasks, exceeding the capacity of the server to cope with any other task. Slowing the internet service will drive customers to competitors website. Database threat E-commerce systems store user data and retrieve product information from database connected to the web server. Database connected to your companys e-commerce site contains valuable and private information that can damage the company if it were disclosed or altered. If someone hacks user authentication information, then private and costly information can be revealed. Communication channel threat The internet serves as the electronic chain linking a customer to an e-commerce resource. Weak access points in information infrastructure and security that can expose company information and trade secrets. The specific countermeasures to protect against security threats are:- Secure Socket Layer (SSL) As there is enormous amount of information exchange over the internet, secure socket layer is a protocol which encrypts data between the customers computer and the websites server. With the use of secure socket layer, when the clients sends the request to access the company site, the browser identifies the server as a trusted entity and passes encryption key information back and forth. Server firewall Firewall protects the server and network from virus attacks and hackers trying to access the personal and confidential information. Having a firewall on the newly e-commerce site will block hackers from accessing to any customer information. It ensures that requests can only enter the system from specified ports and in some cases ensures that all accesses are only from certain physical machines. Password Policies Ensure password policies are enforced for customers and internal users as well. Task 7 Put together an outline project plan for the development and launch of the Bicycles For You e-commerce site. This should be made up of TEN key project stages and associated objectives, together with a brief description of each. The project plan should also include the associated timescales for undertaking these project stages and achieving the specified objectives. The project plan for launch of new e-commerce site for Bicycles For You will be executed in different stages as explained below: Benefits With the growing demand for its product range, company is interested in business expansion and increase profits. There is a potential of increasing sales and decrease costs. E-commerce increases the speed and accuracy with which businesses can exchange information, which reduces costs on both side of transactions. Project Scope Define goals for undertaking this project. Specifications about business model which fit for e-commerce site. Estimated time, cost, schedule for launching new e-commerce site. The objective shall be to create and maintain a high revenue e-commerce site which will be one of a kind in the bicycle industries, by developing a new and successful e-commerce business using a combination of e-commerce business models. The site will use business to consumer and business to business models. Research Conduct a research on existing business model and for e-commerce business model. Research on products and services which customer demand. Designing the website and technical requirements Design the website which should be fresh and appealing, caters to the interests and preferences of your intended market audiences. It should develop a smooth user interface, which makes customer experience enjoyable and pleasant. Approach a service provider for website hosting. Regular site maintenance is necessary to update content, perform technical upgrades. Review of risks measure Identify and research possible risks regarding starting up a new e-commerce site, technology costs and marketing / advertising costs. Security control issues for protection and continued operations, if the site goes down due to technical glitches. Testing Several functional testing is required prior to the launch of the website. Checking browser compatibility for accessing the website, testing of java scripts flash and other plug-ins for running the visuals and search functionalities. Marketing Extensive marketing campaign for the launch of new e-commerce site will be carried out. Branding, social media, direct email and search engine visibility will be used means of marketing for the launch of new e-commerce site. Creating a domain name thats easy to recall and resonates your brand, product and services. Post-launch After the launch of e-commerce site, monitor and respond to feedback received from consumer. Updating the site content based on changes in the product development and business process management.
Sunday, January 19, 2020
Costco Wholesale Corporation Essay
Costco Wholesale Corporation was created in 1983 when its first store opened in Seattle. Costco runs on a membership warehouse concept, which was first created by Price Club in 1976. Now, though Costco has only subsidiaries in eight countries, but Costco is the ninth largest retailers around the world, and is one of the most successful discount warehouse firms in North America. In 2008, Costco open the store in Australia. Through the leadership of Jim Sinegal, Costco has been able to create value for shareholders as well as consumers. Part of Costcoââ¬â¢s strategy is to attract customers through a combination of low prices. Although it is a success strategy, they will not likely has the same level of success moving forward due to intense competition in the industry. Costco began its e-commerce business in November 1998. According to a Compete.com survey in 2008, the Costcoââ¬â¢s website attracted at least 58 million visitors. In addition, Costco online shop provide the membership additional products which can not find in store, and also provide digital photo processing, pharmacy, travel, and membership services. However, Costco operates Costco Online, electronic commerce web sites only in Unite States, Canada and UK. Objective: This report will through analyze Costco internal and external environment, potential customers, and online market needs to make a strategy plan to expand Costcoââ¬â¢s e-commerce into the international market, and bloom itââ¬â¢s online sales. Costco Wholesale Corporation was created in 1983 when its first store opened in Seattle. Costco runs on a membership warehouse concept, which was first created by Price Club in 1976. Now, though Costco has only subsidiaries in eight countries, but Costco is the ninth largest retailers around the world, and is one of the most successful discount warehouse firms in North America. In 2008, Costco open the store in Australia. Through the leadership of Jim Sinegal, Costco has been able to create value for shareholders as well as consumers. Part of Costcoââ¬â¢s strategy is to attract customers through a combination of low prices. Although it is a success strategy, they will not likely has the same level of success moving forward due to intense competition in the industry. Costco began its e-commerce business inà November 1998. According to a Compete.com survey in 2008, the Costcoââ¬â¢s website attracted at least 58 million visitors. In addition, Costco online shop provide the membe rship additional products which can not find in store, and also provide digital photo processing, pharmacy, travel, and membership services. However, Costco operates Costco Online, electronic commerce web sites only in Unite States, Canada and UK.
Saturday, January 11, 2020
Niki Caroââ¬â¢s Whale Rider â⬠An analysis in relation to journeys Essay
The inner journey is one which involves the hurdling of psychological barriers, as well as cultural and social obstacles, rather than just a physical trek. The novel Things Fall Apart (1958) by Chinua Achebe and the film Whale Rider (2002) by Niki Caro both address the overcoming of emotional boundaries, while following the progress of the main characters. Issues such as cultural differences and gender equality are presented by the composers through the clever use of devices appropriate to the medium, while using the post-colonial context to accentuate these issues. Similar to Things Fall Apart, the film Whale Rider by Niki Caro explores the breakdown of Maori culture in post-colonial New Zealand. It follows the journeys of Pai, a young girl, and Koro, her grandfather, who both seek to uphold and preserve the Maori tradition, which has been negatively influenced by the European culture. During the film, Pai transforms from an unwanted child to the new village leader, while challenging the Maori customs through her curiosity, for example when she learns the sacred art of the taiaha. Koro, who disapproves of her actions, smashes a cup in his anger. Koroââ¬â¢s wife, Flowers, reprimands him, saying, ââ¬Å"You might be the boss out there, but Iââ¬â¢m the boss in this kitchenâ⬠. Caro is addressing the gender barrier which exists in the Maori culture, an obstacle which Pai overcomes in her journey. Despite being reprimanded by Koro, Pai still retains great love for him, as seen in her speech on her ancestors, where she dedicates her words to Koro. The initial long shot places emphasis on Pai, while the camera is positioned at a low-angle, suggesting that she has gained authority and leadership. This scene symbolises one of the many emotional hurdles she has had to overcome in her inner journey. Moreover, her catharsis can be related to Okonkwoââ¬â¢s moments of compassion, thus highlighting the similarity between their journeys. Similar to Okonkwo, Koro progresses on a journey, beginning at the height of power, with Caro using several symbols to signify this, such as the whale tooth. The use of sombre music and close-up shots of Koro in the scene where he loses the tooth emphasises his sorrow. In the following scene, Caroà employs dark lighting to highlight Koroââ¬â¢s melancholy, while he strokes the staff, symbolising that it is his last shred of authority. Paiââ¬â¢s voiceover informs the audience on Koroââ¬â¢s plea for help and indicates a shift in power and authority as Pai begins to assume her role as leader, ââ¬Å"But they werenââ¬â¢t listening, so I triedâ⬠. Koroââ¬â¢s discovery of the whales allows him to undergo an epiphany and continue on his journey. Caro has positioned the event during the night, with its dark connotations enhancing the negative atmosphere of the scene. Furthermore, Koroââ¬â¢s staff is washed away, symbolising that he has lost all of his power. Koro later realises the error of his ways and acknowledges Pai as their leader, ââ¬Å"Wise leader, forgive me. I am just a fledgling new to flightâ⬠. Koroââ¬â¢s epiphany is thus one of the greatest differences between the two texts, as he is able to surpass the greatest obstacle in his journey and move forward, whereas Okonkwo is unable to change, leading to his death. Works Cited: ââ¬Å"Whale Riderâ⬠. Directed by Niki Caro (2003). [Film]â⬠The Whale Riderâ⬠. Ihimaera, Witi (2003)
Friday, January 3, 2020
The Unspeakable Act Rape - 2194 Words
The Unspeakable Act: Rape Disgrace speaks of how rape is validated through mythic images of criminality that displaces the responsibility and preventing resolution in violence and victimization. A quote that caught me off guard was ââ¬Å"Yes, he says, he is guilty; but when we try to get specificity, all of a sudden it is not abuse of a young woman he is confessing to, just an impulse he could not resist, with no mention of the pain he has caused, no mention of the long history of exploitation of which this is part.â⬠This quote some would consider abuse and David thinks that he caused Melanie unneeded pain. David acknowledges that his sexual violation of Melanie, who was a student, was not desired by her, he states it was ââ¬Å"Not rape, not quite that, but undesired nevertheless, undesired to the core. As though she had decided to go slack, die within herself for the duration, like a rabbit when the jaws of the fox close on its neck. So that everything done to her might be done, as it were, far awayâ⬠(pg 25). During the disciplinary hearing, Melanieââ¬â¢s account never reaches the reader, and David refuses to defend himself. This leaves the reader scratching their heads, wondering if it was rape or if it wasnââ¬â¢t. David apologizes to Melanieââ¬â¢s father and acknowledges the suffering he put Melanie through, I am sorry for what I took your daughter through. You have a wonderful family. I apologize for the grief I have caused you and Mrs. Isaacs. I ask for your pardon. In my own terms, IShow MoreRelatedRelativism and Morality871 Words à |à 4 Pagesgenocide, politically induced famine, and germ warfare; (2) terrorism, hostage taking, and child warriors; (3) slavery, polygamy, and incest; and (4) rape and female genital cutting. According to Goodman, these practices are simply and absolutely wrong under any circumstances. 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Many people have a huge opinion on this situation, such as some people saying ââ¬Ëââ¬â¢we need itââ¬â¢Ã¢â¬â¢ and others say ââ¬Ëââ¬â¢the man pulling that switch is no better than the man sitting in the chair.ââ¬â¢Ã¢â¬â¢ As a country we need to find better options
Thursday, December 26, 2019
Analysis Of First Confession And Where Are You Going,...
In the two stories ââ¬Å"First Confessionâ⬠and ââ¬Å"Where Are You Going, Where Have You Beenâ⬠, the two main characters are Connie and Jackie. They both are in situations where they are living lies until forced to confront the truth about themselves. Even though in Connieââ¬â¢s case it could lead to her death, this act of confrontation is freeing to both of them spiritually. In the story ââ¬Å"First Confessionâ⬠, the author Frank Oââ¬â¢Connor does not use any references that relate it back to events in history. Regardless of this, there is some developments of context to Catholicism. The story ââ¬Å"Where Are You Going, Where Have You Beenâ⬠by Joyce Carol Oates is inspired by four murders. Therefore, both Connie and Jackie find themselves at a crossroads to find theâ⬠¦show more contentâ⬠¦When Jackie went in the confessional, the priest realized he was telling the truth and didnââ¬â¢t punish him as hard as Jackie thought he would. In the en d, the truth that Jackie found was his identity. He also is freed spiritually because of the reaction of the priest. Jackie has to realize that telling the truth and being truthful to himself will get him further in his future. In the next story, ââ¬Å"Where Are You Going, Where Have You Beenâ⬠, Connie is the main character and also living in lies and negativity towards the people around her. Her situation is similar to Jackieââ¬â¢s situation in which, Connie is just simply living in uncertainty towards herself and to the people around her. Connie is just ungrateful towards her family to the point where she wants her mother dead and even herself. The reason Connieââ¬â¢s case differed from Jackieââ¬â¢s is because Connie is forced to confront the truth about herself. Although, in her case, she is forced to find the truth despite the fact that it could very well lead to her death. The quote, ââ¬Å"His smile faded. She could see then that he wasnââ¬â¢t a kid, he was m uch older; thirty maybe more. 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There are four common causes for wrongful convictionsRead MoreInvestigation And Investigation : The Three Elements Of Criminal Investigation858 Words à |à 4 PagesA criminal investigation is a question and collection of items or knowledge, that then helps you reach a conclusion and find the answer you were looking for. A criminal investigation has three elements: the process, crime related information, and goals (Brandl, 2014). The first element is the process, which is where the criminal investigation begins. This is where police officers and detectives perform certain activities in a specific order, which can vary in intensity depending on the nature ofRead MoreWilliam Shakespeare s Othello, And Othello Essay1589 Words à |à 7 Pagestheatre class, I was able to find these undertones and pieces of symbolism in the plays of Everyman, by Peter van Diest, and Othello, by William Shakespeare, the easiest to explain. If you were like me in high school, this essay might be able to help hone your ability to see these symbolisms easier. This analysis will go over the strong religion behind the play of Everyman, and the idea of ââ¬Å"the Otherâ⬠in the play Othello. The play of Everyman starts out with a messenger, and he demands everyoneRead MoreThe Reid Vs. Reid Essay2054 Words à |à 9 Pagesit does happen, and the prevalence of such confessions occurs at a much higher rate in juvenile populations. Aggressive interrogation methods, like those used in the Reid Technique, lead to a greater probability of false confessions among juvenile subjects than if those techniques had not been used. In a study completed by University of San Francisco law professor and renowned false confession researcher, Richard Leo, 35% of the 125 proven false confession cases he sampled included confessors who wereRead MoreEssay on 1984 Big Brotherââ¬â¢s Dystopian World1015 Words à |à 5 PagesHannah Porter Mrs. West College Prep Writing-Literary Analysis September 29th, 2011 Big Brotherââ¬â¢s Dystopian World Dystopia: a society characterized by human misery and oppression. A Dystopian world is controlled by a government that can do no wrong. They weed out the individuals and groups that have the thought or intend to commit their lives to ââ¬Å"dethroningâ⬠the ruler; Big Brother. The government will do anything to protect their way of life. They will go to the extremes of changingRead MoreCoercion, Intimidation, And Coercion Essay1937 Words à |à 8 Pagesextract a confession. Because this line is so unclear and coercion can occur in so many forms coercion, to some extent, has become fundamentally integrated into interrogation. Yet, just because it has become a staple of integration does not mean coercion is just -- coercion can lead to false confessions, thus circumventing and rejecting the ideals of justice and fairness that courts and law enforcements should be based upon. However, subtle coercion tactics can often lead to true confessions, savingRead MoreExamples Of Comp anies Marketing Activities1176 Words à |à 5 PagesQuestion 2: examples of companies marketing activities adapted to fit different countries/ analyse/ no individual country specific When going global, and in order to succeed in international business, understanding consumer behaviours based on their values and perception of other countries is key for implementing a proper winning marketing strategy. Cultural dimensions help managers and multinational companies respond effectively and positively to values and behaviours that shape a given nation and
Tuesday, December 17, 2019
The Music Of Beethovens Life - 2106 Words
On December 16th of 1770, Beethovenââ¬â¢s mother gave birth to him after the third year of marriage with Beethovenââ¬â¢s father. His father had a job as an appointed court musician in Bonn, Germany. Now this music had been deeply rooted in Beethovenââ¬â¢s blood and had started to learn it in 1774 from his fatherââ¬â¢s teaching. Shortly after that in 1778, Beethoven started performing. His first known public performance took place in Cologne where he had played various concertos and trios. Beethoven was known as a child prodigy, and not being able to go to school a majority of what he knew was music alone. In 1779 a Neefe had arrived in Bonn, and being so astounded by Beethoven and his greatness in his young age he began to teach young Beethoven how to play the organ and the violin. Neefe had kept close with Beethoven for quite some time and in March of 1783 he published a commendatory notice about Beethoven in Cramerââ¬â¢s Magazine der Musik. The early spring of 1781, Beethoven had mad a decision to further his musical career and moved to Vienna for a short amount of time. During his time there his music started to grow more, especially in the production of it. Within 1781 to January of 1784 he had written at least seven pieces of music, three of them being sonatas. Learning from mentors/teachers such as Neefe, Mozart, Albrechtsberger, and perhaps even a small get together with Haydn and Salomon while they were passing through and several other musicians that resided in Bonn at the time,Show MoreRelatedBeethovens Life and Music After Napoleon Essay581 Words à |à 3 Pagesprobably Beethovens most influential work, centers around a funeral march provoking patriotic ceremonies from the French Revolution. Beethoven was a long time admirer of Napoleon Bonaparte. So he dedicated the symphony to Napoleon, but when Napoleon was proclaimed the Emperor of France, he scratched the dedication to Napoleon. This Symphony is cited as the marking end of Beethovens classical era and the beginning of musical Romanticism. But what of Beethoven after Napoleon? Beethovens life andRead MoreBiography Of Ludwig Van Beethoven s Symphonies1558 Words à |à 7 Pages Ludwig van Beethovenââ¬â¢s nine symphonies are indispensable pieces of music and contributed to him being referred to as one of the most famous musicians in all of musical history. His symphonies are still played today and are recognized around the world. He is known as a symphonic master due to his nine symphonies. Ludwig van Beethoven was a German composer during the transitional period between the Classical and Romantic eras. Beethovenââ¬â¢s symphonies were greatly influenced by Haydn and Mozart inRead MoreLudwig Van Beethoven : The First Four Notes1432 Words à |à 6 Pagesgenerations of music makers and listeners from the 1800ââ¬â¢s to today. 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Although he lost his hearing when he was 26 years old, Beethoven was famous for his nine symphonies, and is also recognized as one of the cornerstones of Western civilizationRead MoreLudwig Van Beethoven s Influence On The Classical Era938 Words à |à 4 Pagesvan Beethoven was born in Bonn, Germany in 1770. Beethovenââ¬â¢s talent was noticed at a young age and he soon became a pioneer in the world of music for breaking the traditional bounds of style and form. Over the course of his life, Beethoven produced nine symphonies, seven concertos, and a total of forty-two sonatas. Although these numbers are few when compared to other composers such as Joseph Haydn, his work was very substantial. 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He later lost who he thought to be ââ¬Å"the only one who ever loved himâ⬠, along with his hearing which due to his passion for music made him feel less important. Beethoven went through struggle after struggle making a name for himself. But despite all of the heartache and despair in his life his music overcame it all. Beethoven used his musical abilities to overcomeRead More Ludwig Van Beethoven Essay1285 Words à |à 6 Pagespianist, Ludwig van Beethoven, was born December 1770 and spent most of his life in Vienna, Austria. His first teacher was his alcoholic father, who worked as a musician at the Court of Bonn. Teaching him day and night, Ludwig suffered from his fathers harsh and erratic behavior. For a time, he and his father played at the Church. As his fathers alcoholism increased, Ludwig became the main musician. 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The truth of this may be seen by comparing Beethovens 5th Symphony in C Minor to Haydn, the father of Symphony, and his 95th in C Minor. While Haydns symphony is both playful and dramatic, Beethovens symphony is grander both in terms of scale and vision. He expands
Monday, December 9, 2019
Purchasing and Inventory Management
Question: Discuss about thePurchasing and Inventory Management. Answer: Introduction This report is basically about the current purchasing and inventory management processes of the company Brisbane Outdoor Power Centre. The report also includes competitive advantage, disadvantage the company has in the market. The report gives the information about the supply-chain and inventory management concepts the company is using to increase the efficiency and to reduce the investment whilst. The company Brisbane Outdoor Power Centre operates its business in the Queensland city of Brisbane. It operates its business in three retail locations in the city. The three centers from which company operates are similar but they offer different product mix in their business operations. For example, one of the three centers, the outer suburban centre offers different range of ride-on mowers and other garden equipments which are suitable for larger properties. Brisbane Outdoor Power Centre was founded in 1985 by the Donald Saxon and he established its first outlet in Mt Gravatt. After that he purchased a centre named Strathpine centre in 2001 and Ipswich Store in 2004. All three centers are working properly and independently. Brisbane Outdoor is operated by the Belinda Green for last ten years and she is also the branch manager of Strathpine centre. When the owners of the Brisbane Outdoor Power Centre were going to retire, Belinda Green got chance to buy the business. She included one company named GreenPlus Pty Ltd to buy the business of Brisbane Outdoor Power Centre because she was confident that by incorporating the business will grow in future. The idea of Belinda Green was correct and company got success in future. Current Purchase and Inventory Management Process by the Company Purchase and inventory management process refers to the monitoring the procurement process of inventory by optimizing the total purchase and inventory workflow. This process includes create and maintain the purchase request for approval, evaluate suppliers and provide the discount offers, update the purchase orders, monitor the purchase orders and delivers, maintain the complete information of stock an inventory and complete monitor and report (Toomey, 2012). Brisbane Outdoor Power Centre has a wide range of products and variety of brands. Customers find reliability, performance and after sales service from the company. In inventory management, company includes consistency, presentation and readily obtainable supplies and spare parts which are very important parts of supply chain in the business. Purchasing and management of inventory and stock is an important part of business operations. Company adopts purchasing and inventory management process for the better use of inventory and raw material in the business. It uses variety of tools to maintain the procurement of inventory, management of purchasing orders and receiving process. The company is decentralized company and the current purchase and inventory management process of the company is: Tracking inventory counts, maintaining records of reorder points, creating the list of purchase orders, reviewing the purchase materials, marinating the history of purchase and sales materials, obser ving the purchasing process, assist the staff in maintaining inventory level, and managing stock and raw material (Outdoorpowercentre, 2016). Along with this, company is using demanding forecast in which it is focusing on inventory planning such as what should be inventory in the company, checking inventory level and customer service level. Competitive Advantage and Disadvantage of Inventory Management Process Company buys the inventory and stock for manufacturing goods and selling those finished goods to the customers. Managing the raw material and inventories into the production process is a complex process for the company. Brisbane Outdoor Power Centre gets competitive advantage by the effective and proper purchasing and inventory process in the market. Along with the competitive advantages, there are also some disadvantages which the company faces. Advantages: The advantages of purchasing and inventory process in the market are: Effective inventory management control creates a strong competitive position of the company in the market, Company achieves competitive advantage with its main resources such as physical resources, human resources and organizational resources which the competitor do not have, Customers come more closely to the company compared to its competitors, With the proper inventory management, company achieves more profit in terms of high sales with lower inventory levels and in market shares (Tsang, 2011), The inventory management process enables the company to identify the important customers, value of the customers and how to treat them better as compared to competitors, The effective purchasing and inventory management process enables the company to identify, develop, organize and defend the resources and inventory of the company better than its competitors, and Company achieves higher customer satisfaction level by offering trustworthy products, and providing delivery of products on time. The company is always first in the market in producing new products and services (Chase, 2006). Disadvantages: There are some competitive disadvantages which Brisbane Outdoor Power Centre faces. The competitive disadvantages are: The purchasing and inventory management process is very costly and the return on investments of Brisbane Outdoor Power Centre take a long time, One more disadvantage of the inventory management process is that it requires a lots of training to the staff, If company holds a large quantity of inventory, it needs to space to hold the inventory and it also requires more cost, and If the purchasing and inventory management process does not implemented correctly, it wastes a lots of time of the company and it impacts on the reputation of the company in the market (Hussey, 2007). Supply Chain and Inventory Management Concept Effective and proper inventory management is the key element in the business operations. Proper management of inventories such as finished goods, raw materials, work in progress, partner inventories leads the company to success (Waller Esper, 2014) . Supply chain refers to the stages which involves directly or indirectly in fulfilling the request of the customers. It includes the management of suppliers, manufacturers, warehouse, retailers, and customers. It is the coordination of production, location, transportation, and inventory to achieve the best result from the market (Arndt,2008). There are some concepts of supply chain and inventory management which would help the Brisbane Outdoor Power Centre to increase its efficiency in the market. A company can become competitive when more inventory management practices are used by the company (Pontius, 2016). There are some points related to the inventory management for the company i.e. if company wants to grow in the competitive market then company should not maintain too much inventory in the business. Do not store unnecessary stock because it will take storage cost for whole year. Company should observe the inventory items properly. Company can use bar codes or inventory tracking software to make sure that there are no counting errors in the inventory. Mistake in the counting can be the cause of false and fake promises to the customers and it can create difficulties for the company if company will not be able to fulfill the promises (JOSEPH, 2014). Products and raw materials are the most important elements for the production of the finished goods so products should be ordered on the priority. If products are placed before the time, company will have to pay unnecessary for the storage cost (Levi, 2013).Inventory management software should be there in the company to manage the inventory. Along with this, There should be a backup plan in the company in the case of failure of the system. It will lead low storage cost, sufficient use of money and delivery of products on time to the customers (Muller, 2011). Improving supply chain and reducing investment whilst: To reduce the investment whilst with maintaining adequate stock in the company, there are some points in the inventory management and supply chain i.e. by improving supply chain management, company can reduce the investment risk, improve time to market, decrease the cost, improve profitability and generate more cash.Company can improve production arrangement by manufacturing and distribution. A poor production can be the cause of imbalance in the product, high inventory investment, and reduce the customer service (Donovan, N.D.). Along with this, Company can reduce its cycle time by reducing cost, reducing inventory levels, providing better quality level and increasing customer service. It will also reduce the investment in inventory. By developing a flexible manufacturing, company can also reduce the investment in inventories. To minimize the inventory and increase customer satisfaction, many companies are adopting flexible manufacturing (Sage, N.D.). Recommendations for Restructuring the Purchasing and Inventory Functions Brisbane Outdoor Power Centre is good and trustworthy company among the customers. Customers are very happy with its products and services such as after sales service, and they considers one of the best industry in the market. The company is straight forward in its dealings. But when the owner of the company Ms. Green visited in all three branches of the company, she found that there is lots of scope of improvement in the companys purchasing and inventory management. Some of the recommendations are given below for the improvement in the inventory management. The recommendations are in the form of action plan which will help to improve the inventory management: There should be automated data collection of required inventory in the company. Automated data collection system will automatically collect and record the data related to the required item. This system will be more affordable and cost effective for the company. There should be transaction based movement of the inventory so that company will be able to maintain the record of the flow of inventories. All members in the inventory management should be present there at the time of arrival of the inventory. This will reduce the time of the employees. Company should have the information of the count of inventories available for the production. Team of inventory management should manually update the inventory. It will help to cross check the available inventory at any time. Team of inventory management should store and update the important documents in proper manner on time to time because if there is a need of data of particular inventory, it can be find out easily. Company should maintain the right level of inventory because excess of inventory can be the cause of wastage of money and space. It includes a re-order point and arrange safety stock of the inventory (Robinson, 2015). Conclusion The report was about the current purchasing and inventory management processes of the company Brisbane Outdoor Power Centre. From the above discussion it can be seen that proper and efficient inventory management process is an important part of any company. By adopting purchasing and inventory management process company can do better use of inventory and raw material in the business. Although organization the raw material and inventories into the production process is a complex process for the company but Brisbane Outdoor Power Centre gets competitive advantage by the effective and proper purchasing and inventory process in the market. Company is achieving competitive advantage with its main resources such as physical resources, human resources and organizational resources which the competitors do not have. One of the drawbacks of inventory management process is that if the purchasing and inventory management process does not implemented correctly, it will show impact on the reputati on of the company in the market. Further, company can become competitive when more inventory management practices are used by the company so, there should be a backup plan in the company in the case of failure of the system. Company should not maintain too much inventory in the business. It will be cost consuming for the company. By concluding, it can be seen that Brisbane Outdoor Power Centre is doing well in the market but still needs some improvements in inventory related area. For the improvements, recommendations are provided in the report. References Arndt, H., (2008). Supply Chain Management. Germany: Gabler Verlag Chase, (2006). Operations Management for Competitive Advantage. NY: Tata McGraw-Hill Education Donovan, M., (N.D). Reduce inventories and improve business performance. Retrieved on 14th September from https://www.reliableplant.com/Read/141/reduce-inventories Hussey, D.E., (2007). Strategic Management: From Theory to Implementation. UK: Taylor Francis JOSEPH, L., (2014). Inventory Management Techniques and Their Importance. Retrieved on 14th September from https://blog.udemy.com/inventory-management-techniques/ Levi, E.M., (2013). The Most Important Concept in Supply Chain Management. Retrieved on 14th September from https://www.opsrules.com/supply-chain-optimization-blog/bid/319193/The-Most-Important-Concept-in-Supply-Chain-Management Muller, M., (2011). Essentials of Inventory Management. USA: AMACOM Div American Mgmt Assn Outdoorpowercentr, (2016). Retrieved on 14th September from https://outdoorpowercentre.com/ Pontius, N., (2016). 19 Inventory Management Experts Reveal the Single Most Effective Strategy Companies Can Use to Reduce Inventory Costs. Retrieved on 14th September from https://www.camcode.com/asset-tags/inventory-management-techniques-to-reduce-inventory-costs/ Robinson, A., (2015). Strategic Logistics: 8 Steps to Controlling Inventory Flow Driving Warehouse Efficiency. Retrieved on 14th September from https://cerasis.com/2015/11/03/inventory-flow/ Sage, (N.D.). Better Inventory Management. Retrieved on 14th September from https://www.sage.com/na/~/media/site/erp/responsive/resources/Sage_ERP_Better_Inventory_Management_wp.pdf Toomey, J., (2012). Inventory Management: Principles, Concepts and Techniques. Germany: Springer Science Business Media Tsang, R.,(2011). Ten ways to improve inventory management. Retrieved on 14th September from https://www.bain.com/publications/articles/ten-ways-to-improve-your-inventory-management-wsj.aspx Waller, M. A., Esper, T.L., (2014). Introduction to Inventory Management: Principles and Strategies for the Efficient Flow of Inventory across the Supply Chain. Retrieved on 14th September from https://www.informit.com/articles/article.aspx?p=2192703seqNum=2
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