Assessment Activity Weel 4 Essay Example | Topics and Well Written Essays - 250 words

Assessment Activity Weel 4 - Essay ExampleThe assumptions that are necessary when using guest driven analytics to make managerial decisions are i. Gathering of proper information about customers and store performance. ii. The detailed knowledge of its customer and sales patterns helps the firm to determine which items were give awaying well, or which items were most profitable to sell in the first place. iii. Keeping track of its purchase transactions and analyzing them to mass information about customer demand, pricing, and interest about refreshed products. iv. Store assortments the increased productivity of inventories and store space within consumer interface v. Replenishment upon optimizing time and cost in Seven-Eleven replenishment system vi. Efficient promotion in increase total system efficiency of trade and consumer promotion vii. Product introduction reflect effectiveness of new product development and introduction activities 2. The IT strategy for Seven Eleven infl uences other aspects of the business such as inventory, human resource and vendor relationships. i. Freshness The SEJs retail strategy emphasized on the bile not only on perishable products but also on all the merchandise items, by changing the products as per the customer preferences.