• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month
Page
  1. 1
    1
  2. 2
    2
  3. 3
    3
  4. 4
    4
  5. 5
    5
  6. 6
    6
  7. 7
    7
  8. 8
    8
  9. 9
    9
  10. 10
    10
  11. 11
    11
  12. 12
    12
  13. 13
    13
  14. 14
    14
  15. 15
    15
  16. 16
    16
  17. 17
    17
  18. 18
    18
  19. 19
    19
  20. 20
    20
  21. 21
    21
  22. 22
    22
  23. 23
    23
  24. 24
    24
  25. 25
    25
  26. 26
    26
  27. 27
    27
  28. 28
    28
  29. 29
    29
  30. 30
    30
  31. 31
    31
  32. 32
    32
  33. 33
    33
  34. 34
    34
  35. 35
    35
  36. 36
    36
  37. 37
    37
  38. 38
    38
  39. 39
    39
  40. 40
    40
  41. 41
    41
  42. 42
    42
  43. 43
    43
  44. 44
    44
  45. 45
    45
  46. 46
    46
  47. 47
    47
  48. 48
    48
  49. 49
    49
  50. 50
    50
  51. 51
    51
  52. 52
    52
  53. 53
    53
  54. 54
    54
  55. 55
    55
  56. 56
    56
  57. 57
    57
  58. 58
    58
  59. 59
    59
  60. 60
    60
  61. 61
    61
  62. 62
    62
  63. 63
    63
  64. 64
    64
  65. 65
    65
  66. 66
    66
  67. 67
    67
  68. 68
    68

Decision Making at Co-Op Supermarkets of Vietnam.

Extracts from this document...

Introduction

´╗┐Nguyen Thanh Le ? Lucy ? F02A ? ID: F02-086 Table of contents: I. Executive Summary: II. Introduction: III. Co-op Supermarket - A reliable shopping place - Friend of all families 1. Forecasting techniques: 1.1 Calculations: 1.1.1. Least squares regression method: 1.1.2 Additive model 1.1.3 Proportional model 1.2 Report: 2 Management Information Systems (MIS) Report 3. Inventory control 3.1 Economic Order Quantity and the annual savings 3.2 Inventory control systems, cost minimizing order size for Co-op Supermarket and the best course of action for the company 4. Material Requirements Planning 5. Project Management plan 5.1 Critical path and duration: 5.2 Event times 5.3 Float time: 5.4 Gantt chart: 6. Investment Appraisal Techniques 6.1 Net Present Value (NPV) 6.2 Internal rate of return (IRR) method: 6.3 Other Financial tools IV. Conclusion V. Recommendation: VI. References: ________________ 1. Executive Summary: Co-op Supermarket is one of the best organizations of Vietnam which has high performance and good services. Dearly and friendly feeling, comfortable and full of add-on services are common features of Co-op Supermarkets (Co-op Mart, 2006). In order to achieve high performance, Co-op Supermarket?s managers have been trying to improve the professional business decision making process. Therefore, this report is going to show the general view about this process of making business decision of this organization. First, the information in appropriate formats for decision making in Co-op Supermarket context are considered. According to the sales of four weeks, it is possible to forecast the sales for week 5. By using least squared regression method, addictive method and proportional method, the company has the best idea of the likely reliability of the forecasts produced. After that, a presentation material and a report will be produced to summarize the sales forecasts for week 5. Finally, the recommendation will be made in which the proportional method would be the most reliable to use. Secondly, the software generated information to make decisions at operational, tactical and strategic levels in Co-op Supermarket will be discussed. ...read more.

Middle

Moreover, the inventory of Co-op Supermarket already has 60 units of end item. Therefore, the company just has to produce 240 end items. The lead times are two periods, so 240 end items must be ordered 2 weeks before so that the company can produce the total of 300 items on time. That also means 240 end items must be ordered at week 4. ________________ Item End item LLC 0 Period Lot size L4L LT 2 1 2 3 4 5 6 Gross Requirement 0 0 0 0 0 300 Scheduled Receipts 0 0 0 0 0 0 Projected on hand 60 60 60 60 60 60 60 Net requirements 0 0 0 0 0 240 Planned order receipts 0 0 0 0 0 240 Planned order releases 0 0 0 240 0 0 According to the product structure tree, in order to have 240 end items, the company must have 240 components A, 240 components B and 240 components C. However, the number of components the company order must be considered with the on-hand inventory of the company to make the most effective plan to produce products. In order to produce 240 end items in the end of period 6, the company must order 2 week before. That also means it must have 240 components A in week 4. Moreover, the scheduled receipts are 40 units of Component A in Period 3. Therefore, the company should only order 200 Components A. The lead times are two periods for Component A, so Co-op Supermarket should already order 200 Components A in week 2. Item A LLC 1 Period Lot size L4L LT 2 1 2 3 4 5 6 Gross Requirement 0 0 0 240 0 0 Scheduled Receipts 0 0 40 0 0 0 Projected on hand 0 0 0 0 0 0 0 Net requirements 0 0 0 200 0 0 Planned order receipts 0 0 0 200 0 0 Planned order releases 0 200 0 0 0 0 With component C, 240 components are asked in week 4. ...read more.

Conclusion

________________ 1. IV. Conclusion It can be seen that Co-op Supermarket has been using all the techniques very effectively. Relating to the report, all the techniques of forecasting future sales are provided to the company in order to compare and choose the closest and most reliable value for the business. That may help the company to control and develop the business in the future. Moreover, the company was able to use MIS ? Management Information Systems- as a useful tool to manage all the tasks and performances in the business. In addition, the inventory control system, material requirement planning, project plan and financial tools are used very effectively. By doing so, Co-op Supermarket can ensure about the result of all projects and whole business performance. These techniques also take very important roles in the process of business decision making. It can help the company to control the risk, manage and safe time, human, money and other resources, also avoid the waste of irrelevant orders. By following the result of these methods, the company is able to achieve all the tasks at high achievement and be able to make improvement and development in the future. ________________ 1. Recommendation: Since Co-op Supermarket has been already one of the strongest organizations in Vietnam, the company has been doing well in its own position and achieves high performance for their business. To develop in the future, Co-op Supermarket should improve it business by enlarge the business in larger market, and even international market. When the business is expanded, all of the techniques which related to the business decision must be improved as well. They must be able to calculate and apply all the technique in larger areas and larger amount of products and money to make decision on long term plan and decide on larger projects. Therefore, the company should improve the training systems to develop skills, experience and ability of employees in order to prepare for using all of these techniques in their own business to make the most benefit for themselves and the whole company. ________________ 1. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our University Degree Marketing section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related University Degree Marketing essays

  1. Business Process Reengineering - Cargills' Food City Supermarkets.

    This system has many features. The system updates Re-Order levels every month on a 3 month moving average method which ensures that stock levels are always kept up to date. Also when the reorder level has been reaches for any product this will be added into a file of reorder products automatically.

  2. Renault Marketing Project

    The new logo exists since 1992.Style Marque changes the company's logo, which becomes a 3D diamond shape. The company's headquarters transfers to the Quai du Point du Jour. These are different variants for Renault's logo since 1972. Today this one is used.

  1. Market analysis for Trung Nguyen Vietnamese Coffee Company's Expansion into Europe.

    Trung Nguyen also gives a various net weight for each type of product. These ways have gained the value of Trung Nguyen in the market. For instant, in 2003, G7 instant coffee was launched in a grand event, dubbed

  2. Tesco's Strategic management

    Asda can now compete extremely well on price and range of goods. For the moment, Asda is the third largest supermarket in the UK, just behind Sainsbury's and then Tesco. However, Asda closed the gap on Sainsbury's in 2003, leaving the company to directly challenge Tesco's dominance.

  1. Marketing a new snack in Vietnam.

    Vietnamese people do not care much about Pepsi Co snack - Poca. 4. PepsiCo does not professional in plant potatoes. Opportunities: 1. The population of 13-22 year old has the highest population share in Vietnam population. 2. 13-22 year-old customers tend to consume snack a lot.

  2. Marketing Magnum ice-cream in Vietnam

    Products are developed around those needs and wants Societal marketing concept not only uses the same philosophy as the marketing concept, but also focuses around the products benefit to the betterment of society as a whole. The societal marketing concept highlights a highly developed thought and practice of marketing.

  1. Bajaj Pulsar Marketing Project

    Bajaj Auto launched its Caliber115 "Hoodibabaa!" in the executive motorcycle segment. 2004 Bajaj Discover DTS-i launched. New Bajaj Chetak 4 stroke with Wonder Gear launched. Bajaj CT100 is launched. Bajaj unveils new brand identity, dons new symbol, logo and brand line.

  2. I will analyze the marketing activities of Caravelle hotel one of the biggest ...

    and the other one is ?Deluxe rooms? (not on the Signature floors, for normal businessman). These 2 types of rooms can adapt basic requirements that are: secure for resting, working and entertaining with some similar necessary services: 1. Securities guard 24/24 2.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work