Case-Study of Coo-Free-Samples for Students-Myassignmenthelp.com

Questions: 1.Is it possible for the COO's requests to be fulfilled? Are there any gaps and if so, what plan would you developed in order to fulfil the three requests outlined by the COO? 2.For each task mentioned, suggest if any symptoms were raised and what then is the problem based on your assessment of the symptoms. 3.Considering the three requests from the COO and the overall problem described to you, suggest an overarching strategy to execute the three requests. Answers 1.It is possible for the COO request to be fulfilled based on the provided information. The first request on the products that are selling would be accomplished by extracting information from sales records found in the data warehouse. This information will provide key elements of the company sales such as what was bought from each outlet shop, date and time of the sales, and loyalty cards that buy from those stores. From the analysis of this information, average sales of every product would be determined. Moreover, the sales to loyalty consumers would be availed ((Essig Arnold, 2001).). Determination of the big cost elements would achieve by the analysis of procurement information which provides details of what was bought, their cost, quantity and the identity. From this information, it would be possible to determine the company's significant spending. The determination of products that do not bring in profits would be done by comparing the cost spend on procuring each product to the sale of the same product as documented in the sales records. The individual gains or loss from each product would help determine whether the firm should continue their purchase or terminate their procurement (Essig Arnold, 2001). Finally, the items to be offered on discount would be identified as per the request of the COO. These items are identified based on the information available on the sales records, especially the amount and date of sale of each item. The information on loyalty card would help the COO and my team to identify who would benefit from such discounts if the items are limited. However, in case they are many, the discount would be offered to every customer. 2.The symptom raised in the first task is the fluctuation of sales based on the seasons or periods of the month. For instance, having high sales during the end months. After the 6th of every month, sales were observed to be on the decline, and it became difficult to determine average weekly sales. This irregularity analyzes monthly sales involved since most products are sold is not spread throughout the month or year. Research on this matter would focus on what informs the consumer choice of the when to buy, and the products obtained. The objective of the study would be to determine whether the purchase of goods is based on receipt of the salary or whether the consumer prefers to buy products that would satisfy their needs for an entire month (Essig Arnold, 2001). Problem identified in the second task is the fact that some products remain on the shelves for an extended period of time even after their procurement. Such products would lose their value thus will be sold at reduced prices or sometimes be thrown away. The challenge here would be to determine the best time to buy such goods to avoid wastage. A study of this problem would have the objective of determining the time of which consumers prefer to buy individual products. This would negatively impact Woolcoles especially if it is experienced by the loyal customers. 3.The execution of the request to by the COO to collect ideas on the selling products would be done simply by an analysis of the recent sales records. Moreover, an analysis of the sales during the same period in the last fiscal years is also done. This would help to come up with a concrete decision on the goods that could be on high sale. It is assumed similar products are always on the top deal during this period. From this analysis, the team would provide the COO with an exact response to his request. The bigger picture' is significant for the survival of this business. This is because it shows all the staff the direction they should put a lot of efforts in pursuing. The goods that are bought but are not sold at high rate would be reduced in the stock of the company. This ensures that only goods that are needed would be bought in the business. A comparison must be made on the sales and the items bought in order to determine the rate at which the goods are left at the shelves of the company (Essig Arnold, 2001). Giving out special discount would be best done when the goods are first vetted to ensure that products offered on discount are of high quality. The goods that have expired and those that have become stale are removed. Moreover, this would be the best time to reward loyal consumers of the products. Giving discounts would bring in more customers to the company (Arcelus, Pakkala Srinivasan, 2007 References Essig, M., Arnold, U. (2001). Electronic procurement in supply chain management: an information economics?based analysis of electronic markets.Journal of Supply Chain Management,37(3), 43-49. Arcelus, F. J., Pakkala, T. P. M., Srinivasan, G. (2007). Ordering and pricing policies for random discount offerings and permissible shortages.International Journal of Operational Research,2(4), 400-413.