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2. Indicate how and why each of these factors is important to the successful
operation of a supermarket:
a) Customer satisfaction
Customer loyalty is an important issue for a supermarket. Therefore it is
very important for a supermarket to satisfy the customer. Customer
satisfaction can be measure through the service, products, price of the
product, the customer service provide by the employees, and the
infrastructure in the supermarket. Once the customer is satisfied it will
bring a lot of opportunity for the supermarket.
b) Forecasting
The supermarket should pay more attention on the product forecast so
that their product is always up-to-date, and can fulfilled customer’s
need. Through forecasting, the supermarket can maintain their optimum
inventory and reduce the cost of uncertainty stock. Instead of improving
the sales performance, forecasting is very important for supermarket.
Forecasting can help the supermarket to compete with their competitors.
c) Capacity planning
A supermarket should have their own capacity planning to make sure
that they are in the right position. A correct capacity planning can help
the supermarket to have more space to sell different products and
fulfilled customer’s need. Through capacity planning, it can help to
make sure that there is enough sales staff for each department.
d) Location
The location of the supermarket should be accessible to the customers.
The supermarket should do a research on the surrounding environment
to make sure that their competitors and what is the customer behavior at
the surrounding area. The supermarket should consider the cost of the
transportation that they need to transfer their product form the
warehouse to the supermarket and the rent cost for the market.
e) Inventory management
Inventory management is very important for a supermarket to make sure
that they have enough inventories to supply and cover the demand of the
customer. It also can enable the supermarket to plan their sales
operation.
g) Scheduling
Scheduling is very important for all departments such as human resource
department, inventory department and etc. Inventory scheduling and
transport scheduling should work together to make sure that there is
enough stock to supply for the customer’s demand in order to carry out
the just-in-time system. The HR scheduling is important to make sure
that there is enough employee to serve the customer and the employee
will not over burdened or even can improve their productivity level.
3. What are some of the ways Wegmans uses technology to gain an edge over its
competition?
Wegmans use new approaches of technology to tracking the inventory and
manage its supply chain. Wegmans also use new ways to maintain its functions
in the meat and produce department to compete their competitors.