Recommendations of Best Buys Supply Chain Management Practices: A Customer-Centric Approach To Business Case Help

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Recommendations of Best Buys Supply Chain Management Practices: A Customer-Centric Approach To Business Case Study Analysis

On the basis of above internal and external analysis of the company together with the evaluation of various alternatives, the company is recommended to think about alternative 3. As alternative 3 would permit the business to broaden in global markets without any reduction in its regional revenues and any deterioration of its market position. By thinking about Alternative 3, the business might maintain its shop experience and brand name individuality. It could also consider alternative 2 that could enable the business to access the markets without any prospective investment. Although, the business could pursue alternative 1 which would allow the business to focus on possible global markets rather than the regional markets however as the business is highly based on the regional markets with 90% of its stores in the United States, there fore pursuing option 1 would lead to the considerable decline in company's revenue. The company is advised to consider alternative 3.

Aletrnative-1: Expanding International Brick and Recommendations of Best Buys Supply Chain Management Practices: A Customer-Centric Approach To Business Case Solution Stores

The business has a long term market position in United States which can not be generated soon in the brand-new markets. The choice would assist the company to broaden in worldwide markets along with the removal of issues raised in its regional markets related to its variety.

Pros:

• Exploration of brand-new worldwide markets.
• Boost in revenue from international markets.
• Elimination of problems associated with diversity.
• Profits diversification.
• Step towards being a strong global brand name.

Cons:

• Loss of substantial revenues from the local markets.
• Increase in competitors.
• Differences in cultures might caused a failure of the brand particularly in Asian countries.
• Low earnings at initial levels.
• Increase in marketing expenditures to gain market share.

Alternative-2: Introduction of Click and Recommendations of Best Buys Supply Chain Management Practices: A Customer-Centric Approach To Business Case Solution Stores

Alternative 2 consists of the introduction of online market locations through creating an appropriate company's site. With the increased trends towards online shopping, the online shops like Amazon, Alibaba and so on could present a severe threat to the market share of company. The rivals are shifting towards click and Recommendations of Best Buys Supply Chain Management Practices: A Customer-Centric Approach To Business Case Help stores with Gap presenting Piperline. This shift towards online markets might reduce the incomes for business. In this scenario the company might consider presenting Click and Recommendations of Best Buys Supply Chain Management Practices: A Customer-Centric Approach To Business Case Help stores. These shops with a low requirement of funds to settle would allow the business to reach global markets, without ending its domestic shops. The pros and cons of option 2 are given as follows;

Pros:

• Low financial investment
• Reducing competition hazard
• Access to the world markets
• Increasing the size of customer base
• Easy to handle
• Big Earnings
• Low Operating Costs
• Easy new market entryway

Cons:

• Danger to the market position
• Elimination of brand name Individuality
• Removal of the great shop experience.
• Risk of decrease in elite sales.

Alternative-3: Expansion towards International Markets Without closing Domestic Stores

Another choice that the company could consider, is to broaden towards the international markets without closing its domestic stores that adds to the huge part of profits of the company. The pros and cons connected to Alternative 3 are given below;

Pros:

• Decreasing competition hazard
• Access to the world markets
• Increasing the size of consumer base
• Big Profits
• Exploration of brand-new worldwide markets.
• Increase in earnings from international markets.
• Profits diversity.
• Action towards being a strong worldwide brand.

Cons:

• Extension of concerns related to diversity.
• Differences in cultures might resulted in a failure of the brand particularly in Asian nations.
• Low incomes at preliminary levels.
• Increase in marketing expenditures to get market share.



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