Mgt 230 week 4 discussion questions

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Mgt 230 week 4 discussion questions

Determine the specific planning objectives and measures Nordstrom could use to assess the success of its Web-based inventory integration.

Sunday, May 10, 2015

Nordstrom wants to grow in a number of different areas. Research one of its strategies and project it into the future. What changes, revisions, or updates would you plan for the company?

What stretch goals come to mind? Acute attention to detail and well-laid plans. The company provides a quality customer experience via personalized service, a compelling merchandise offering, a pleasant shopping environment, and increasingly better management of its inventory. The current generation of Nordstrom family members was quick to spearhead an ultramodern multimillion-dollar, Web-based inventory management system.

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This upgrade helped the company meet two key goals: Demand Planning Instead of relying on one-day sales, coupon blitzes, or marking down entire lines of product, Nordstrom discounts only certain items.

According to retail analyst, Patricia Edwards, this helps Nordstrom calculate what will sell better at different discounts and forecast which single items should be marked down.

If a style is no longer in demand, the company can ship it off to its Nordstrom Rack outlet stores. As of launch day, Nordstrom found that the percentage of customers who purchased products after searching the website for an item doubled.

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It also learned that multi-channel customers—those who shop from Nordstrom in more than one way—spend on average four times more than one-source customers.

This profit more than offsets the cost of hiring additional shipping employees to wrap and mail items from each store.

Mgt 230 week 4 discussion questions

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The following is an alpha-numeric listing of course descriptions for all curriculum programs. Roane State campuses will be closed Thursday, Nov. Sunday, Nov. 25 for Thanksgiving.

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