Tag Archives: price

Hotel Marketing Plan – A 6-Part Sample Outline

Hotel Marketing Plan – A 6-Part Sample Outline

A hotel marketing plan is your action plan to fill the rooms of your new hotel. A marketing plan focuses on the four Ps (Product, Promotion, Price and Place), but doesn’t neglect customer retention and key partnerships. All of these elements should be specific to your hotel’s intended customers and the geographic area.

1) Product – Your hotel’s services

For every hotel, the basic product offered is the same service – use of a bed for a night. Beyond this similarity, there are endless ways to differentiate your service. Services can include entertainment (i.e., in-room cable, on-premises nightclub), food (i.e., chocolates on a pillow to a five-star restaurant), communication (i.e., free local calls, wireless internet), and health (i.e., a pool, fitness center, spa). Consider whether unusual services will be a draw for your customers or if you are better off providing the tried and true. Whatever you choose, present the information clearly and in just enough detail so that readers understand the level and type of service provided.

2) Promotion – How to get the word out

Promotion is how you make your people aware of your hotel and its unique value proposition and convert them into guests. The promotional tools you use depends entirely on the customers you seek. Rather than thinking about how other hotels seek customers, think from the customer’s point of view. How do your desired customers seek hotels? Make sure yours can be found where they are looking, whether this is in travel books, magazines, websites, or elsewhere. Remember that the most powerful type of advertising is the kind that money cannot buy – press. Consider whether a public relations strategy can help make this happen.

3) Price – The right rates for your hotel

Your marketing plan must show where you want your pricing to fall within the market’s range. The choice of price ties directly to your hotel’s profitability, but also to the brand you are trying to build in the minds of customers. If you bill your hotel as extremely upscale, but price it in the middle of the pack, customers may not believe your assertions that you are the next Ritz-Carlton. Pricing is about finding the right price to both represent what your hotel is and to cover costs, leaving room for profit.

4) Place – Where customers and your services meet

Place is more than the choice of location for your hotel. “”Place”” in this context means distribution, and this is the choice of how customers will book hotel rooms and receive other services you provide. This can be through websites, travel agents, or a dedicated sales staff, each of which have their own cost and benefit tradeoffs. Distribution of services continues inside your hotel and involves both your staff and your means to communicate with your guests (i.e., phone systems, TV ordering, even doorknob signs).

5) Customer Retention

Most of the cost of providing service to a customer is in getting them to buy for the first time. To keep a customer returning should be significantly cheaper than getting a new one so explain your retention strategy. For example, loyalty programs provide incentives for repeat visits and customer relationship management (CRM) software can save data on the preferences and activity of individual guests to make returning more enjoyable for them.

6) Partnerships

Finally, consider how you will work with your hotel’s neighbors, local government, and other stakeholders to build business. There may be potential for you to either get guests from or send guests to many local businesses, improving the experience the overall experience for those customers. Consider mentioning a few key partnerships that will pay off because of their importance to both parties. Don’t stretch yourself too think by proposing to partner with every business on your street. Describe any successful legwork you have done to inquire about the possibility of making those partnerships a reality.

Are you looking for more tips on how to start a hotel or develop your hotel business plan? Call 800-506-5728 to learn how Growthink can help you build your hotel business.

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The Pub Sector in Decline

The Pub Sector in Decline

The great British Pub is an iconic symbol throughout the world. Nobody does the village pub like the British. It is probably the thing that most expats miss the most. However many are under threat and nearly 50 a week shut, many never to re-open.

It is a very depressing statistic, especially for someone like me who is a real ale enthusiast. I like nothing better than travelling around the country finding new unspoilt pubs from those with chocolate box looks to the corner pub unchanged in 60 years. each has its own unique character.

However they are an endangered species. The landlord nowadays will generally find himself a tenant of a large pubco. The pubco exists to make money and hence rents are usually exorbitant. Often also the landlord is tied into taking beer which the pubco sells on to him at a far greater price than he could buy himself direct. The result is that in order to make any money the price of the typical pint may now be over £3. This is not a price that can be sustained in the current economic malaise. This is coupled with the fact that you can buy beer from a supermarket cheaper than you can buy water. People are therefore buying supermarket beer and drinking at home.

The government with its policy of racking up beer duty in the misguided and blunt attempt to stop binge drinking is exacerbating the already dire situation.

The result of all this is that prices are too high and so people only go out now and again. As turnover falls so the need to raise prices creeps in to cover costs which leads to less sales.

Eventually the rent cannot be paid and the tenant leaves, usually with a mountain of debt. Many ex landlords find themselves with no choice but bankruptcy.

Sometimes a bar can be saved if it is not tied to a pubco, via the pre-pack administration, but often it is a creditors voluntary liquidation with the lease sold on to a new enterprise.

Certain pubs can survive and indeed the British Public house has been around in some shape or form for 100’s of years and so it is almost a given that they will adapt and survive. The question is how many and in what form.

http://beer.ezinemark.com/the-pub-sector-in-decline-4f17e7e6adb.html

4 Ways a POS System Can Ease Ordering Process

4 Ways a POS System Can Ease Ordering Process

As a Cash Register, POS Systems also manage price and inventory of the business, and due to the trend of downward costs of technology, this is really an investment that can immediately provide good returns. This way, an efficient Point of Sale system can cut down out-of-stocks in order to get more satisfied customers and increased sales and reduce your inventory dollars in order to keep managers and owners happy with the business. However, it’s time to look at the ways how POS equipment can improve your purchase.

1.Automation: Most retailers mistakenly spend most of their time in ordering due to these pitfalls; first one is ignoring reordering small purchases and second one is slaving on these decisions on next cycle of reordering. You have to pay attention on ordering process. Over stocking or down stocking of a product could be harmful for your business. This way, a POS System can automate each and every thing in the organization. This system won’t let your shelf get emptied due to the absence of any product.

2.Working According to Deals: On average, above 3000 deals are made by a distributor per month. This way, a POS System plays a very vital role by getting all of these deals on itself and making decisions on which deal it has to act first. This way, it works on your deals with two ways; on those products that are ordered to start and improve sales and on those products that are ordered to make inventory and sell them out slightly on regular price.

3.Acting on Trends of Purchasing: Do you offer cutting-edge products? If so, then you might be thinking of increasing your clientele and popularity in the market of having latest products featured on media and advertisements. This is the best way because you have to stay updated with what’s hot and which product is growing locally or nationwide. This task can also be done by a web-based POS System. It will notify you the latest product and update related to your business.

4.Monitoring Changes of Prices: By keeping the price of products intact unlike suppliers or distributors, an average retail outlet bears the loss of over 3% on gross profit. This loss could be around $1000 in every month for a store. This way, you will be notified with any price change in the invoice that is higher than what you have mentioned in your PO.

Visit geminicomputersinc.com to buy POS equipment and Salon Iris.

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Tesco Stores Malaysia – Service Marketing Mix

Tesco Stores Malaysia – Service Marketing Mix

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from © Dreamstime.com

Tesco Stores Malaysia Sdn. Bhd.

SHAIKH MOHAMMED FAISAL, Matrix 012010110114

MSU Graduate School of Management, March 2011

Introduction

Tesco History

Tesco originated in 1919 when Sir Jack Cohen used his gratuity from his Army service in the First World War to sell groceries from a market stall in the East End of London. By the late 1920s, Tesco (or TES from TE Stockell, a tea supplier that he used, and CO from Cohen) was selling from open-fronted shops in London high streets, the first store being at Burnt Oak, Edgware. Cohen’s motto was “Pile it high, sell it cheap,” referring to the idea that customers wanted inexpensive products at convenient locations and that volume would drive profitability. Sir Jack Cohen concentrated on growing the business, vigorously pursuing expansion. Tesco Stores (Holdings) Ltd was floated on the London Stock Exchange with a share price of 25 pence. Until the 1970’s, Tesco operated on the ‘pile it high, sell it cheap’ formula Cohen had imported from the USA. However, the market was changing, leaving the company with slim margins and a serious image problem. Under the leadership of Ian MacLaurin, who succeeded Jack Cohen in 1973, Tesco decided to try something dramatic and different which to become an ‘inspirational mass retailer’. Tesco decided to modernize itself, closing 500 unprofitable stores, and extensively upgrading and enlarging others. At this time, Tesco prioritized the development of large out-of-town stores where parking was convenient, the selection of goods broad, and where a higher volume of business could be generated at increased margins while reducing overheads.

Tesco Stores Malaysia Sdn. Bhd.

Tesco Stores (Malaysia) Sdn. Bhd. was incepted on 29 November 2001, as a strategic alliance between Tesco Plc UK and local conglomerate, Sime Darby Berhad of which the latter holds 30% of the total shares. Tesco opened its first store in Malaysia in February 2002 with the opening of its first hypermarket in Puchong, Selangor. Tesco Malaysia currently operates 33 Tesco and Tesco Extra stores. In 2004, Tesco Malaysia launched its own house brand, Tesco Choice. In December 2006, Tesco also acquired Makro Cash & Carry in Malaysia, a local wholesaler which was rebranded to Tesco Extra and provides products for small local retailers. In 2007, Tesco launched ‘Club Card’. This acts a way to say thank you to customers by giving back their money to them. Club card has received an overwhelming response from customers with nearly 2 million household members signed up to date. As of January 2009, Tesco have rewarded nearly RM10 million worth of Club card Cash Vouchers to the customers. Later in year 2008, Tesco introduce Green Club card and Green bags making Tesco Malaysia to be the first Tesco International business to introduce the Green Club card scheme. As part of its global commitment, Tesco Malaysia is market leading on tackling climate change in techniques of energy saving, launching Green Club card Points to incentivize customers shopping with their own bags, introduce degradable carrier bags, promote positive behavior among staff though Energy League competition intra stores and a recycling centre to facilitate customers to do their part for the environment. Apart from that, Tesco has launched new promotion campaign to the consumers, 50 basic needs guaranteed not beaten on price. 2009 has embarked Tesco as the number 1 Hypermarket in Malaysia.

Strengths

Own brand value

Tesco has a strong own brand value which is becoming known throughout Malaysia due to existing expansion program.

Competitive Pricing Strategy

The targeted price cuts enabled Tesco to attract more shoppers from competitors and capture the volume that supported the lower prices. Tesco has extended its low price positioning in core groceries across non-foods lines to undercut competition which actually Tesco selling with low price but provide high volume.

Customer loyalty/relationship

Tesco gained customer loyalty or relationship by launching Club Card scheme. Customers like the Club card program mainly due to the personalized treatment they receive and the relevance of rewards.

Acquisition of Makro

Tesco acquire Makro and convert it to Tesco Extra. What Tesco does is they operate it similar to Makro, but more flexible. For example, Makro do not allow customer to buy in small quantity, but Tesco Extra allow but charge higher than those buy in bulk. By doing so, Tesco could earn profit from those SME as well, besides individual customers or family type customers.

Strong hypermarket format

The expansion of new stores by adding space to existing locations has contributed to the growth of Tesco supermarket. Besides that, Tesco runs two type of hypermarkets format which Tesco Hypermarket and Tesco Extra Hypermarket.

Weaknesses

Dependable of UK business

Since Tesco Stores Malaysia is one of Tesco PLC UK market in Asia, all the business decision has to follow UK. This could be the weaknesses for Tesco Malaysia to expand their business widely. Since Tesco is foreign brand hypermarket in Malaysia, Tesco PLC has to adapt to local business. Although international business is still growing, and is expected to contribute greater amounts to Tesco’s profits over the next few years, Tesco Stores Malaysia is still highly dependent on the UK market (73.8% of 2003 revenues). Any changes in the UK supermarket industry over the next year for example, will somehow affect the Asia market such as Malaysia.

Burden of higher advertisement cost

Since Tesco Stores Malaysia is launching Everyday Low Price campaign, all the cost including papers, printing, people and distribution and marketing promotion has to be borne by Tesco.

High turnover rate of employees

Tesco experienced high turnover rate with their employees especially in the operation department. Many of their employees resign after only working one or two months in their supermarket, which is not good for them as they will need to find and employ new employees. The cost of training and development for new staff will burden Tesco.

Company’s Core Business

The UK is the biggest market and the core of TESCO business. The aim is to provide all of the customers with excellent value and choice. It has been innovative and energetic in finding ways to expand, such as making a large-scale move into the convenience-store sector, which the major supermarket chains have traditionally shunned. Tesco has 702 stores and is the largest food retailer in the United Kingdom. Tesco continue to increase market share through their policy of cheaper prices, offering better value and providing more choice and convenience for customers. Market share of the UK has grown steadily since the early nineties as a result of our customer focused strategy.

Company’s Supplementary Business

Non-food business

The aim is to be as strong in non-food as in food. This means offering the same great quality, range, price and service for our customers as in the food business. Many supermarket chains have attempted to diversify into other areas, but Tesco has been exceptionally successful. By late 2004 it was widely regarded as a major competitive threat to traditional high street chains in many sectors, from clothing to consumer electronics to health and beauty to media products. Tesco sells an expanding range of own-brand non-food products, including non-food Value and Finest ranges. It also has done quite well in non-food sales in Malaysia.

Community

Making Corporate Responsibility integral to our business is essential in applying our values as a responsible business. We believe it is also an opportunity for growth. Tesco Malaysia is committed to stay close to the heart of the communities Tesco Malaysia is part of. We responded and worked with many local communities including NGOs such as the National Cancer Council (MAKNA) to raise RM450, 000 through fundraising and Walk for Life series to raise cancer awareness. Tesco has also raised funds for the Malaysian Nature Society through the sales of its designer green bag and carrier bag sales and Walk for Schools donation to local primary schools. Tesco Malaysia’s Charity partner of the Year 2010 is Nur Salam, and we aim to help improve the quality of life for these children through customer and staff fundraising activities at all its stores nationwide.

Personal Finance

Tesco has followed its customers into the growing world of retailing services, aiming to bring simplicity and value to complex markets. Tesco Stores (Malaysia) Sdn Bhd is making it easier for customers at 22 of its stores nationwide to do hassle-free banking within 10 minutes through Easy by RHB at Tesco stores, collaboration with the RHB Banking Group. Following the successful launch of its first two financial products in January 2009, the co-brand Tesco-RHB Credit and Debit Cards, there are now five new, instant banking products being offered to existing and new customers expanding the range of products that customers can access quickly and conveniently while shopping at Tesco. Whether it’s opening a savings account, applying for a credit or debit card, buying life and personal accident insurance, arranging Amanah Saham Bumiputera financing or applying for personal loans up to RM50, 000, everything is quick and convenient at Tesco. Background checks and approvals are completed on the spot at conveniently located kiosks in Tesco stores. This signifies another important milestone for Tesco in expanding its financial services in Malaysia. This is Tesco’s way of showing that TESCO are looking into the needs of their customers by bringing them a more convenient way to get financial services and this new concept of banking allows our customers to get banking services during weekends and after office hours. They will consider any move to make shopping at Tesco an enjoyable and beneficial experience for our customers. Customers are of utmost importance and Tesco want to be able to give them as much benefit as they can. This may include entering into collaborations with other companies so that Tesco can offer the best in the market for their customers. It is a matter of keeping the interests of customers at heart. Easy by RHB @ Tesco is a revolutionary banking concept that offers simple, fast and convenient banking. Customers just need to bring their MyKad for on-the-spot approval and instant cash or loans up to RM50, 000, all without the need to fill-up any forms as details are captured electronically and a unique biometric verification system is used. This concept of being the first and only hypermarket in Malaysia to provide banking to their customers is exclusive to Tesco. The Easy by RHB @ Tesco kiosks are now available at 22 of Tesco’s 33 stores nationwide daily, open from 10am to 10pm. The RHB Banking Group is appreciative to Tesco in bringing Easy into their stores, and concern that this step will further strengthen our partnership and cooperation. There are 33 existing Easy outlets in operation, 26 standalone, 5 Easy by RHB @ Pos Malaysia, and 2 kiosks at LRT stations and now with Tesco as the distribution channel, which will make the total number of Easy by RHB outlets 55 hope to reach out to more customers and give them value-add services that they do not get from other financial providers. In addition to that, this easy banking concept, touted to be the first-of-its-kind, also empowers the people to take control of their finances in a simple, convenient and affordable manner.

Tesco’s Service Marketing Mix

Product Element

Tesco aim to:

– build strong relationships with our suppliers

– get the best value for our customers

– give our customers confidence that we maintain good standards throughout our supply chain

At Tesco their aim is to buy and sell products responsibly – so that customers know that everything they buy is produced under decent conditions, and everyone involved is treated fairly. They believe firmly in the benefits of trade. For customers, they use trading to put products within the reach of ordinary people, and ensure economic growth. For suppliers, they have a wide influence on the way they treat their workforce.

They want the right values in supply chain, good animal welfare, and decent prices and conditions for suppliers. At the same time, they also need to provide good value products to customers, many of whom are currently struggling to make ends meet.

Place & Time Element

Tesco Malaysia operates 36 stores and in two formats following the acquisition of the Makro Cash and Carry business in Malaysia in December 2006. Tesco Stores Malaysia Sdn Bhd has been separated into 2 formats which are Tesco Hypermarket and Tesco Extra Hypermarket.

Tesco Hypermarkets

The hypermarket format offers customers a complete one stop shopping for their needs from fresh food to groceries, from household needs to apparel. It carries more than 60,000 lines of products including nearly 3,000 own brand of products ranging from food to non-food items.

Tesco Extra Hypermarkets

The Tesco Extra format serves the needs of small businesses, families and individuals all under one roof by providing a comprehensive range of products and services focused for small businesses including bigger pack sizes, special trolleys and checkouts as well as a dedicated business development team to support small business owners with their orders. Tesco Extra, the newest business format in Malaysia opens its first store on 30th April in Seremban, with the conversion and refurbishment of what was once Makro Cash & Carry Seremban. Now, 7 other Extra stores are in operation. There are 3 Extra stores located in Klang Valley which is Extra Cheras, Extra Shah Alam and Extra Selayang. The remaining Extra Stores are located in Ipoh, Plentong Johor Bharu and Extra Sungai Dua in Penang. The new concept store will combine the best practices of both Tesco and Makro businesses. The Tesco Extra store will also cater to all the needs of individual customers and families through its services and extra range of food and non-food products as well as the unbeatable prices that have become the hallmark of Tesco in Malaysia. Tesco Extra also has enhanced facilities in the store including disabled parking and toilets, parent and baby parking, all credit cards accepted, customer loading facilities, and different types of trolleys and checkouts to cater to the varying segment of customers.

Promotion & Education Element

In order to attract customer, Tesco stress daily and weekly promotions. They use various methods like, Marketing Communication Tools which includes print pamphlets, retails advertising and internet promotions. Huge billboards attract crowds, free parking are some of the lures used by Tesco seems to work in their favor. Tesco is very good at using design across their own label, especially strategically. Tesco is often used as one of the best examples of own brand label in the retail industry. Majority of consumers buy the basic Tesco brand as it is cheap and good value for money. The use of Tesco logo is consistent in each of the products design. Brand values of Tesco are successfully throughout Tesco own brand ranges demonstrated through experience and way finding system. Tesco uses design to give something back to customers for shopping at Tesco. As competition is so intense retailers such as Tesco use design to differentiate from the competitors.

Price & Other Outlays Element

An Every Day Low Pricing (EDLP) strategy of Tesco is more popular with shoppers than one driven purely by promotions, according to a recent survey in the UK. But a combination of the two is the best means of keeping shoppers happy. Pricing was a key strategy and selling point for Tesco. Low prices were adopted to maximize sales. Tesco’s value-added products at low prices attracted many customers. After the launch of ‘unbeatable value’ campaign in 1996, Tesco went in for massive price reductions. The company adopted the strategy of ‘Everyday Low Pricing’ (EDLP), while continuing its other promotional activities. The EDLP program aimed to regularize low prices for Tesco customers. Low prices were not merely a strategy used for the occasional sale, but on a regular, daily basis. Adopting the EDLP strategy demonstrated Tesco’s commitment to its customers, putting customer interests first.

Physical Environment Element

Tesco ensures that the moment the customer enters their stores; they should have a personal experience which amounts to proper lighting, proper sign boards, and neat employees who are educated about the products they sell, clear prices marked on the product. Special attention is given to cleanliness of both the employees as well as the stores. Special emphasis is given on training the staff whereby staffs are evaluated and rewarded according to their performance.

Process Element

Some of the key indicators that shows how strong their operation process is determined by the following,

– We try to get it right first time

– We deliver consistently everyday

– We make our jobs easier to do

– We know how vital our jobs are

– We always save time and money

People Element

The company’s Values are ‘No-one tries harder for customers’ and ‘We treat people how we like to be treated’. These values are interlinked and underpin everything employees do at Tesco. It understands that by managing our people well – in a culture of trust and respect – they will in turn try their hardest for customers.

By offering competitive pay and benefits and an opportunity to develop a long-term varied career with good training, they are able to keep employees motivated, committed and excited about working at Tesco.

They believe that people are the most important asset and it is essential that they feel rewarded for the work they do and supported in their development. They offer good pay across all our businesses, as well as benefits in each market that reflect employees’ priorities.

As a leading global company, Tesco aims to offer the very best training and development for all its employees. The Tesco Academy helps provide an opportunity to get on for all our people. It develops thousands of world-class leaders through excellent training in leadership, management and technical skills.

Productivity and Quality Element

Tesco believes that having strong, well trained professionals, better pay, strong process and good leverage on negotiation with supply chain, great products can deliver efficiency and quality through which ultimately the customer will benefit.

Improvement Needed

The company should start thinking towards online presence, as more people are becoming net savvy. They should build up a strong virtual warehouse where people can buy non perishable goods which can be shipped directly to the customers. This will reduce Tesco’s footprint, both from assess as well as environment point of view. Reducing the warehouse footprint due to virtual stores can derive monetary benefits to the company.

Comparison Study with Competitors

In this retail industry there is stiff competition between hypermarkets. Name such as Giant, Carrefour and Jusco are the biggest rival for Tesco Stores Malaysia to compete in the industry. This report will explain further regarding the Tesco Stores Malaysia rival.

Giant Hypermarket
In Malaysia, the name Giant has become synonymous with everyday low prices, big variety and great value. This has been underscored by few surveys conduct in Malaysia, which showed that Giant was perceived as the cheapest place, in Malaysia, to shop for everyday groceries beside Tesco. Giant holds second biggest share market in retail industry in Malaysia for the year of 2010 after Tesco.

Jusco

In order to be successful, it is vital for a shopping centre to have the right environment and tenant mix. Only then will customers be willing to spend endless hours here in pursuit of activities that entertain and help them to relax. Jusco provide laid back environment in their shopping complex. Customer feels free to shop not just that, they can also spend time with their family eating at the food court provided by Jusco. Jusco holds 22% of market shares and the third biggest after Tesco and Giant for the year of 2010.

Carrefour Malaysia

Carrefour’s success is based on the talent and motivation of its staff. To increase efficiency and competitiveness, and in order to improve as a retailer, the Carrefour Malaysia is about to transform themselves and redesign its organization, enhance synergies between sales and purchasing, and create new relationships between head offices, countries and stores. Carrefour still sustains in the market in Malaysia and has 15% of market share in retail industry for the year of 2010.

Conclusion
The success of the Tesco Stores Malaysia shows how far the branding and effective service delivery can come in moving beyond splashing one’s logo on a billboard. It had fostered powerful identities by making their retailing concept into a virus and spending it out into the culture via a variety of channels which are cultural sponsorship, political controversy, consumer experience and brand extensions.

In a rapidly changing business environment with a high competitors pressure Tesco have to adopt new expansion strategies or diversified the existing in order to sustain its leading market position in an already established retailing market. The company must constantly adapt to the fast changing circumstances. Strategy formulation should therefore be regarded as a process of continuous learning, which includes learning about the goals, the effect of possible actions towards these goals and how to implement and execute these actions. The quality of a formulated strategy and the speed of its implementation will therefore directly depend on the quality of Tesco’s cognitive and behavioral learning processes.

In large organizations as Tesco strategy should be analyzed and implemented at various levels within the hierarchy. These different levels of strategy should be related and mutually supporting. Tesco’s strategy at a corporate level defines the businesses in which Tesco will compete, in a way that focuses resources to convert distinctive competence into competitive advantage.

References

http://www.tesco.com.my

http://www.tesco.com.

Johnson, G., Scholes, K., Whittington, R., (2005) Exploring Corporate Strategy Text and Cases, 7th Edition, FT Prentice Hall

M.E. Porter, Competitive Advantage: Creating and Sustaining Superior Performance, Free Press, 1985

Jeannet, J., Hennessey, D.H, Global Marketing Strategies, 6th Edition, Houghton Mifflin

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How to Find the Best Retail Management and ERP Software Solutions

How to Find the Best Retail Management and ERP Software Solutions

Capable retail management and ERP software solutions are often difficult to find, but the vital roles they play in businesses cannot be stressed on enough. Without them, organizing and covering all the smaller areas and aspects of your organization with detail would be impossible. And at the same time, using retail management and ERP software of inferior quality and programming can also lead you to losses. So to ensure that you stay away from counterfeit and sub-standard software solutions, here are 3 tips to remember while looking for retail management and ERP software for your business: Do some researching beforehand

There are different types of retail management and ERP software solutions for a variety of applications, so you should research about them beforehand on the internet as much as you can. For example, retail management software can be classified into MTO, POS, CRM, and so on – each type designed to cover the different departments and areas of interest in any business. Same thing goes for EPR software solutions too. Knowledge of these different types of software when combined with your own knowledge and judgment of what your business needs will serve you to help you find the best options for yourself. Don’t just look at the price tags and decide to get it over with

Don’t just choose retail management and ERP software solutions based on their price tags – go deeper to find what they are and are not capable of. Choosing cheap options blindly may lead you to sacrifice functionalities, and on the other hand you may end up paying for stuff you don’t need when you unwittingly buy the most expensive solutions. Know what you’re paying for; there are reasonably priced Retail Management and ERP Software solutions with features that can rival even the best, although they are a little hard to find. Make sure that you thoroughly check the features and the company website before finalizing anything. Knowing what your particular needs are comes in handy here too.  Look for solutions from credible companies

Make sure that you buy your software solutions from known companies. The best place to test their credibility would be their own website; go to their website and look for customer testimonials and positive feedbacks. Also, look for companies whom they have provided their solutions for, typically there should be a banner that showcases the names of the companies. See is you can recognize the names of at least two companies.

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The Importance of Cash Registers

The Importance of Cash Registers

For security and efficiency, it is vital that retail outlets and other establishments which deal with cash transactions on a regular basis invest in a reliable and sturdy cash register. No matter how small or large your business is, if you deal with the general public, at some point you will have to make cash transactions, and it is important to invest in a cash register in order to keep track of these. When the drawer is open and the lights are on, cash registers become much more than a safe place to store money. It has the ability to process a customer’s transaction and accurately keep records.

Which Cash Register?

There are so many cash registers out there that it can often be difficult to decide which is most suited to your business. They come in a huge variety of sizes, designs and prices. The simplest cash registers do calculations and provide printouts of the transactions, but they are much more than fancy calculators – even the most basic models can store product codes, making it much easier to keep track of sales and taxes.

One thing that you need to consider when choosing a cash register is its security features. Most large cash registers will come with a locking drawer in order to keep money safe, although for added security you may want to consider a larger, more advanced register. Those more advanced cash registers come with password protection in which the locking drawer can only be opened when an authorised cashier enters the relevant code.

Cash registers in general may have a relatively high initial price, but this is simply because a business can expect to get many years of service for the first register they buy. In fact a cash register is expected to last for around 10-15 years. Cash registers are much more cost effective than pricey POS systems and for those with smaller budgets, they can be wholly adequate. Before selecting a cash register to buy, do your research and make sure you fully understand your business needs. Make sure your choice is based on an educated decision.

A2B Office supplies provide cash registers at discounted prices – view and buy online here

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MoneySavingExpert- Change Your Financial Position

MoneySavingExpert- Change Your Financial Position

How would you like to be more financial, to be able to afford those extra little things without having to stress? You could become a MoneySavingExpert today! You could change your life today or you have to be be confident that you can change and that you are to change. Everyone these days are struggling to stay afloat with the higher interest rates and the price of fuel and even the price of groceries are going up. I don’t know about you but my shopping budget is not stretching like it used to. I used to be able to shop for $300.00 a fortnight now it’s more like $450.00 a fortnight. That’s not getting anything special just the normal stuff that we use day in and day out. I have three children and they all go to school so I have to make sure there is food for them to take to school and money there for the books uniforms and any other educational expense.

 

With the price of food for the kid’s school lunches I had to look in a different way to fill their lunch boxes with health food without costing a fortune. I now bake all my kid’s goodies for their lunch. A lot of people say it is no cheaper, well I have found it a lot cheaper and every cent you save is a bonus. I bake once a fortnight and freeze a lot of it even my biscuits and there no different when they are defrosted, they do not go soggy. I had to find recipes that were cheap and that I could make in bulk, my biscuit recipe I can make 130 biscuits in just 1 batch and it cost little to make. I also bake all my cakes and slices and wrap them individually so it’s easy for the kids and then they don’t cut a huge slice, so that way I get more out of the product. When I shop I buy a lot of home brand and have not found it to taste any different. There are a few things that I don’t like but not much especially in baking. So when you look around next time you shop look at all the prices and you might be shocked of what you could save. You wont know if its good until you try it and also look for the specials as you might get 2 for the price of one. The real big saver is make a list before you go shopping and only buy the things that are on the list and really look at the cheapest way to buy those things on your list.

 

A lot of people cannot budget like I was once, but by coming a MoneySavingExpert my life is for the better so change yours today!!!!.

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Point of Sale Software for Retailers

Point of Sale Software for Retailers

Points of sale software packages are very important to retailers because they improve the efficiency of their establishments. This is the case because merchandising, inventory control and customer service have become more complex and demanding. As a result, retailers should understand something about what point sale software is and how it works before they purchase these items.

Here is a brief, introductory guide to point of sale software that can help retailers do these things. The article includes a brief summary of what point of sale software is. It also includes examples of point of sale software packages and how point of sale software helps the retail industry run itself more effectively.

What is point of sale software?

Point of sale software is a specially designed computer application that allows retailers to do things such as figure out how much a customer owes on an order, keep track of inventory and allow clerks to conduct and complete transactions. Most point of sale software applications are specially designed interfaces that allow users to interact with customers and inventory directly. Others take advantage of technological advances to allow users to interact with customers and inventory indirectly via a virtual interface.

What are some examples of point of sale software applications?

There are many examples of point of sale software applications. Some examples include barcode creation software, price label creation software, inventory adjustment software that accounts for items scanned at a cash register and software applications that allow cashiers and customer service clerks to execute and complete a transaction.

How do these point of sale software applications help the retail industry?

Points of sale software applications help retailers to run their establishments more efficiently and profitably.

This is true for the following reasons:

-Point of sale software allows retailers to manage their inventories more effectively:

This is true because most point of sale packages can be custom made to count, sort and order an almost infinite number of items efficiently. This allows retailers to focus their energy on improving other areas of their establishments without having to worry about the accuracy of its inventory.

-Point of sale software also allows retailers to efficiently create an accurate pricing system for their stocks.

Many customers hate to see items for sale that have no price tags. One way to eliminate this pet peeve is to use point of sale software applications that can accurately maintain the pricing integrity of a store’s stock. There are several software packages that are easy to use and easy to customize to fit most stores’ needs. As a result, most stores consider this software application on of their key components to managing their establishments.

-Finally, point of sale software also allows clerks to do their jobs more quickly and efficiently.

Entering the price or UPC of an item used to be a nightmare for cashiers because they had to be entered by hand. Nowadays, there is a wide variety of customizable point of sale software packages that allow clerks quickly and accurately enter the UPC or the price of an item. This has improved a cashier’s efficiency so much that they can now do more in less time.

As a result of these benefits, many retailers have come to trust point of sale software packages to increase productivity and efficiency. Therefore, retailers should seriously consider all of their options to find the best point of sale software packages for their establishments.

Original Article Point of Sale Software for Retailers wrote By Mike James and Published at Fibre2fashion – World’s Largest B2B Marketplace for Textile, Garment & Fashion Industry.

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ERP Facts and Electrical Distributors

ERP Facts and Electrical Distributors

Distribution companies, whatever industry, can greatly take advantage of ERP Facts. One of these businesses are the electrical distribution companies. Beyond warehousing and selling electrical products, distributors also provide critical value-added services like providing extensive product knowledge, furnishing one-stop shopping for many customers, and extending credit to end-users. We can take a look at electrical distributors and see which of their tasks or processes are aided by this type of system.

For large projects, most companies like to do lot billing which allows them to immediately order all needed materials or services but only receive them in stages and pay for it as they receive it. ERP Facts also help electrical distributors handle rebate functionality and electronic price updates by offering automating process and electronic price uploads. For rebates, the system also enables users to print detailed and easy to understand reports.

Most of the electrical distributors sell items that go together such as lamp with fixtures, etc. Salesmen can sometimes forget to offer the companion item, but with the software, complementing products can be automatically suggested to customers. Contract pricing can also be made easier with the establishment of job-specific pricing schedules.

ERP Facts also helps in the handling of front counter capabilities and management of reel tracking. It assists the company in offering the ability to access inventory price and availability from order entry or a true point of sale with cash drawer capabilities counter sales entry. Distributors can also apply cash or credit card deposits against an order. To facilitate proper shipment, special “will-call” tickets for orders called in for pick-up will be printed so the warehouse will know what to do and when to send. In dealing with wire and cable reels, the software aids in tracking the amount of product on each reel and directing warehouse workers to pull product from reels to maximize inventory investments.

These are just some of the advantages of ERP Facts to electrical distributors. Other industries can be benefitted as well. Find out what type of ERP system is right for your business.

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India may not import white sugar – China Printer Paper Rolls – Cash Register Paper Rolls Manufactur

India may not import white sugar – China Printer Paper Rolls – Cash Register Paper Rolls Manufactur

Progressive Delhi, March 26 – Of India may not need to get light colored sweets imports inside the zero requirement in addition imports ture of raws may be not up to in advance expected in the role of home fees want slipped, China’s park minister menti one d at Sunday, pressuring futures discounts over.

Hurtling high street premiums beforehand over-all elections slated throughout April and enjoyed allowed China, the strongest potential purchaser behind suscrose, to help relieve importance principles because raw carbs work for month.

Traders contained pondered China may also even refuse typically the 60 per cent scan responsibility over white carbohydrates, despite the fact that Farmville Farm Minister Sharad Pawar told Reuters this may not be requested furthermore spot prices enjoyed slipped.

Any by the physiological market segments attached to Maharashtra, tips company, has recently retreated 9 percentage points this particular year’s optimum to 2,181 rupees ($43) with regard to each 100 kilograms towards Feb .. 3.

“From the given situation proceeds on, aren’t no longer will be needing so that you transfer bright any,” Pawar informed Reuters within employment.

Affordable prices ever had perhaps made nutrition all kinds of sugar imports, he explained.

“Price is decreasing since a really circumstances that people reckoning into transfer diet sweetener have second spirit.”

Natural and as well vivid white carbohydrates futures fell following the minister’s feedback, which in turn Western sellers translated being bearish while they signalled regarding China wouldn’t normally want to custom because much sweetener within the you can also use niche market nearly as witout a doubt presumed.

“It shouldn’t shock you the current market is lower,” talked about Chip Hungate, comfortable products broker suffering from Rabobank london, with reference to the very Reuters transmit.

Benchmark Snowfall Effectively dried of white sugar futures were being back 0.22 nickle, otherwise 1.69 zero per cent, located on 12.78 nickels just about every pound at their 1106 GMT, plus Central London Maybe very white carbohydrate been recently goose down $6.8, on the other hand 1.71 percentage point, next to $391.2 according to tonne.

Pawar described The Indian Subcontinent’s carbohydrate capacity throughout the year into Sept may atmosphere 16 million loads, more you see , the Of India Gorgeous Mills Collective’s hope concerning 15.5 million lots.

He Or as well suggested suscrose carries next to Oct. 1 yr after, the beginning of the present season, obtained been 10 million tonnes, beyond work your body prices about 8 million tonnes.

“Prohibited finding 16 million lots akin to formulation and even carryover stock option turned out to be 10 million tonnes. I can’t recognize the reason the industry is usually edgy,” he was quoted saying.

Any end result regarding India, by far the largest sized supplier immediately after Brazil, was being 26.5 million lots by using 2007/08.

The autumn while in planned expenditure this valuable foliage year enjoyed assisted a local the price uprise from a quarter located in six months, that going falling in recent weeks.

Last month, government entities made way for generators within order to transfer organic of white sugar when zero need as long as they foreign trade the same amount whites within a few 36 months.

Analysts tell him their prices have removed as a result of fed resolution which will contain restraints on the options and stocks to always be scheduled caused by professional traders, requiring it to build supply looking out.

Pawar menti one d for an additional four weeks he’d make campaigning towards commander elections, departing from petite sleeping quarters for the premier insurance policy endeavors contained in the park field.

When the popular governance thinks home or office in the middle of May, the actual would have over gifts of latest season wheat gluten produced by farmers.

China’s successive bumper harvest related with wheat or hemp ever had any flea market quandary for your year wheat or grain, even so Pawar being said a decision located on working out curbs along with materials exports can’t be used till the time wheat or grain acquisitions could be carried out and also by Might.

“Thankfully ailment of most shelves that is certainly the reason why everyone is relentlessly transforming stocks and shares through whole wheat-getting states in the usa that can low-whole wheat producing claims,” Pawar wanted to say.

Pawar alleged Indian’s rice results within just 2009 has been likely to staying in the region of yr after’s write down about 78.57 million tonnes, and additionally trades before government departments felt oftimes be beyond yr after’s nearly-season extra tall 22.7 million lots.

The particular following military will have to testimonial foreign trade curbs of wheat as well as not-basmati hemp, he said.

The Indian Subcontinent restricted exports connected no-basmati hemp in about April 2008 examine ascending their prices.

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