Quality and Quantity at Kudler Fine Foods

SMW’s current accounting information system is a cutting edge relational database system through Microsoft Access with internal controls set to adequately prevent and detect errors and fraud. This relational database system tracks sales orders, shipments, accounts receivable, cash receipts, purchases, accounts payable, cash disbursements, inventory levels and other relevant accounting information. The system’s output is compliant with Generally Accepted Accounting Principles (GAAP). The database processes currently in use at SMW are described below.

Could you help me with my paper, I am strapped for time and need some help with market research on Kudler Fine Foods. The company is a gourmet grocery store that has experienced significant growth and is now focused on expanding its services, improving the efficiency of its operations, and increasing the consumer purchase cycle. I have to prepare a 1,050-1,400-word paper justify the importance of marketing research in the development of Kudler Fine Food¡¦s marketing strategy and tactics, and identify the areas where additional market research is needed. Also, analyze the importance of competitive intelligence and analysis in regards to the development of Kudler Fine Food¡¦s marketing strategy and

The definition of marketing as stated by the American Marketing Association is that: “Marketing is an organizational function and a set of processes for creating, communicating, and delivering value to customers and for managing customer relationships in ways that benefit the organization and its stakeholders.” (marketingpower.com, 2008) Marketing is not a choice but yet an essential part of any business. Kudler Fine Foods is a local upscale specialty food store located in the San Diego metropolitan area. The company has three locations (La Jolla, Del Mar and Encinitas). Each store has a large amount of retail space located in a stylish shopping center. The stores are stocked with the

Kudler Fine Foods product offering includes various high end, organic, and fresh gourmet food. They have a wide range of specialty meats and cheeses along with 4 different kinds of aged, wine vinegar and of course wine and spirits. (Kudler Fine Foods, 2013) Kudler Fine Foods travels all over the world in hopes of bringing their customers an extensive and balanced collection of domestic and imported wines and spirits. Their wines vary from red or white, sweet or dry and come from the best grapes picked in perfect conditions. The wines they carry fit most budgets and pair well with meat or dessert. Their dessert wines, for instance, Prosecco, go great with a well known Italian desert, Tiramisu.

Kudler Fine Foods (KFF) was founded by Kathy Kudler in the San Diego metropolitan area in 1998. Kathy developed a business plan for the store due to a need for an upscale specialty food store in La Jolla. After opening KFF on June 18, 1998 and concluding a profitable year, she opened a second and third store (Kudler Fine Foods, 2008).

In this case, a summary sheet which contains 14 sets of financial data from 14 different industries is provided. The task is to match 14 different firms with 14 industries by distinguishing the differences (e.g. sources of financing, profitability, the inventory turnover and the accounts receivable collection period) in the financial structures.

An explanation of the accounting and business techniques that have been used, including a discussion of their limitations

There are seven graphs in this data sheet and each one represents something different the graphs were created in contrasting colours to make them easier to read. Clicking on the incomings link at the top of the page takes the user to one graph that represents the data of total monthly incomings on a month by month basis which is a blue and white colour line graph. On the same page there is a black and blue coloured graph which data represents the growth in storage incomings over the year. The next set of graphs is on the expenditures page the first graph indicates the cost in wages monthly to be paid to a project manager to run the contract this is shown in a black and multi coloured 3D stacked type graph. The next graph on the page is an area graph that is black and multi coloured and illustrates the maintenance costs for the three products/services being sold, there is also a piece of smart art that was used to show the total years income and expenditures on a balance scale with income outweighing the expenditures.

Devising an efficient system of counting and maintaining a stock of inventory items has long been an arduous task for many business owners. The old method of cataloging by part or item number has all but disappeared since the proliferation of electronic catalogs and the use of computer software and web-based ordering/monitoring systems. Inventory management is necessary for owners who want to maintain a stocking service for quick turnaround to help ensure total customer satisfaction. An item on a managed inventory list must be maintained to avoid shortages of frequently used items. Even when utilizing an inventory management system, occasional shortages will still occur. To be successful in today's fast-paced, highly-competitive

Currently the business has an established accounting system to record sales and update inventory on hand. This existing accounting system will continue to be used and the new web store will need to ensure it provides information which will allow this existing system to be updated. The inventory portion of the accounting system contains data about individual stock items held including purchase and sale prices, item description, and quantity on hand. There is currently no system to show details about who buys items because all sales are based on cash (cash, cheque, credit card, and eftpos) transactions.

One field missing in the table is the quantity of each item. Management must possess a count of each inventory item. Furthermore, the wholesale and retail cost of each inventory item must accompany the data table’s current labels. The cost categories can determine if and when management must adjust prices.

The presentation of the effects of transactions in tabular form is only a device which helps beginners to understand the analysis of different types of transactions. It is not practically feasible to record the effects of transactions in this form. The increases and decreases in the various elements are recorded in the journal in a special technical

We dedicate this project to our teacher (Farhan Ahmed). Without their patience, guidance, understanding, support, and most of all love, the completion of this work would not have been possible.

Improving the business means improving the management. The first step to improving management is to sort out and analyse the required data’s (Xu and Quaddus, 2013). First, the business needs to gather data about their products, which products they need and how many of

Thus we can say data are very vital corporate resources. The amount of data used these days in organizations can be measured in the range of some billions of bytes or characters. The financial statement involved is also very high. Many organizations have become critically dependent on the continued and successful operations of database.