The Pros And Cons Of C Batik

In accordance to the annual report of Woolworths Limited 2016, the current accounting practice that is applied to the business regarding its inventory disclosure includes; a perpetual inventory system which continually updates the information by increasing or decreasing inventory from reports throughout the year to verify accounting records (Bragg 2016). A perpetual inventory system in comparison to a periodic inventory system is more efficient and effective for larger corporations. With entities like Woolworths, many transactions occur between themselves and other stakeholders, so by utilising a perpetual inventory system, it saves time and also money (Woolworths 2016)

2. Purchase small, independent , “Mom and Pops” style operations in area of expansion and growth (W3, O2)

1. Increase revenue by 16% in 2012 through retail expansion; following increases in revenue of 15%, 16%, and 14% in 2009, 2010, and 2011, respectively (Please see Appendix A).

Before we created our promotional materials such as posters, leaflets and flyers, we had to make sure that we were able to find a suitable price in which we can budget according to our finances. During our research, we were able to locate a suitable printing agency in which we could print our promotional materials in bulk, so we could hand out in the local area to help promote the business. The advantage of the agency we chose for printing our material was that they were able to print our promotional materials within 2 working days and that any deliveries that took place could be tracked on the website when u log on to it, this to make sure that the delivery is going according to plan. By selecting the amount we though would be

1) The company should install perpetual systems (on-line systems) so that the transactions such as stacked cartons list is updated immediately which can aid in transfer of control stock on real time basis. The advantage of on-line systems is that they are always up-to-date.

Office Depot uses multiple inventory strategies to order products. 90% to 95% of goods are ordered through automatic replenishment, manual replenishment, pull replenishment, and global sourcing are also used depending on channel, volume, velocity and cost. (Office Depot, 2015). The accuracy of the inventory from both a DC and store perspective is critical to the organizations success. Heizer and Render (2014) state that record accuracy is a prerequisite to inventory management, production scheduling, and sales. Accuracy is maintained by either periodic or perpetual systems (p.479). In Office Depot, the stores are required to cycle-count technology items such as laptops, desktops computers, and tablets five days a week. Discrepancies are entered in the system and bounced off the local DC’s on-hand inventory discrepancies. Office Depot is a “blind receive” organization meaning the stores receive pallets of products and simply unwrap and put them away. The only way a store knows if a product is missing is through the cycle-count program. This system was put into place to speed up the receiving process and eliminate unnecessary steps once the product was received at the store level. Office Depot conducts a full physical inventory once a year through a third party and trues up the inventory shrink at this time.

3. Based on examples provided in the case study, what are some potential new ideas for video releases that would help you to build followers via social media?

Several strategies might be needed and usage of different media, such as TV, internet and word of mouth. Public relations and how your business is perceived by the customers and the market in general, can also play a part in proper promotional activities, which are successful.

An unconventional approach, if you have the means to do so is a large graffiti art advertisement (Fig. 5). This would work if you owned property and were permitted by city by-laws to paint the side of the building. This would be an inexpensive tactic because you could hire art students or any aspiring artist who would be more than thrilled to have their work displayed. This would be considered a guerilla-style strategy because other, larger businesses would be discouraged from retaliating to this approach because they have many other means of advertising and this one would simply be over-looked. Furthermore, this tactic would be able to target a specific group as the art work would primarily attract the attention of a younger audience, this of course would only be beneficial if your product or service was

point of sale system. The POS system is a perpetual inventory counting method that electronically records items immediately upon their point of sale (Stevenson, 2015, pg. 552). In other words, as a cashier scans a customer 's groceries, each scanned item is automatically recorded in the system and deducted from the store’s inventory. Implementing a point of sale would benefit a business’s inventory management function in several ways. First, the POS system will provide managers with a continuous flow of updated information (Stevenson, 2015, pg. 552). As a result, the information will provide more accuracy when used for sales forecasts and analysis, which substantially affect inventory decisions. Continuously, this inventory system would also allow greater flexibility in the sense that it can be wirelessly linked to the main company’s inventory system, creating a network of the company’s inventory systems. The POS system is capable of tracking many operations at once and can be modified according to management’s needs (MacCarthy, n.d.). This flexibility would undoubtedly benefit a large company like Wegman’s with many store locations. Lastly, the system is able to help businesses maintain a high level of customer service. Because the system gives customers a receipt with the price and quantity of each item purchased, the customer is able to see exactly what he or she purchased. This practice

Having a min max inventory system with lead times built into the system will increase the replenishment of inventory and avoid being out of stock. This is great for the

Incentives: Launch new Campeiro via specialized distribution as larger campaign to influence small shop owners; give away free samples to specialized store to promote awareness to small shops; use more point-of-purchase marketing as small shop owners are more

The company problem is they using chaos system and it is difficult for the admin to estimate their profit. With the new system developed, the company can manage their inventory data easily, quickly and more secured.

We are also thinking of renting a shelf in concept store in Shoptitude ad Style Metro. These two are located at Espana near UST. Lastly, We have our Virtual place like Facebook, Instagram and own website whereas we can store our product there through posting the pictures of bags. There, they can contact us whenever they are interested to buy from us. These social media pages and websites can be used as our form of promotion also. We can post photos and videos there. We can also have our word of mouth promotion like the customer who used to buy from us to market our product whenever he is using our bag. In this case, other individuals will have the opportunity to see or to ask something about the bag. Finally, we also use the giving of flyers and posters to our primary, secondary and tertiary market for them to have an idea that the brand exists. These flyers and posters containing the brand name and logo of our company “MERAKI”. We are going to put the image of the bag that we are selling and its functions also. We will be giving the places that we have or the bazaars that we are joining with its specific date. Also, it will be seen on the flyer and poster the contact number so that they can call us for further information. It will also be seen there the social media accounts for them to visit and check our

Bukit Beruang shopping centre has a lot of facilities and shops. However, there are some gaps in services in the shopping centre where the community has limited access to. For example, they have limited access to gadget shop which sells mobile phones, computer, laptops or even video games. This service is actually significant in Bukit Beruang because there are students from primary, secondary school and even university students. According to Figure 2, They will be paying attention to the gadget shop that will be opened because the highest percentage of people in Melaka are those who are in their 20s, followed by people who are aged 10 and above. This business can be a complement to the hardware and appliances shop that have existed in Bukit Beruang. This means that this electronic and gadgets shop can sell goods that go together where there are small stuffs that match the goods bought from the hardware and electrical appliances shop.