During the recent visit at the Fresh Food People Store, it has been understood that the company provides a great selection of organic food products for the environmentally conscious consumers. The company is a well-known retailer and several numbers of stores are there throughout Australia. Since its establishment, the food is enriched with highest nutrition value. Now the company has applied for listing on the Australian Stock Exchange. All the stores are located different parts of the country including larger towns and major cities of Australia and thus, the company is facing a huge demand of organic products among the regular consumers. Managing inventory effectively for ensuring highest on-shelf availability at their store is the main objective …show more content…
Hence, all inventories are finished goods that are stored initially at the go-down and then such inventories are placed in the shelf of the store. There are two types of risks associated with this business operation including supply chain risks and product related risks. The product may be damaged during the products journey from go-down to store like theft, stolen and so on. Therefore, there is a risk of physical stock inadequacy at the store of the company . Secondly, the growth of the business completely depends on organic food lovers. Thus the risk is associated with the demand of such food items. The company, however, managed risks effectively, which are related to the physical security of the inventory. For instance, the management of the company has recently conducted a program related to the periodic inventory checking processes. However, this is not a comprehensive approach to manage physical count of inventory. By arranging “no-notice inspections” can ensure better integrity of such inventories . On the other hand, all the sensitive and confidential details about the inventory needs to be protected with the implementation of “lock-tight data security and reliability” system procedure. The cyclical inventory reviews system needs to be verified by the management of The Fresh Food People Store to maintain complete records of the inventory . In short, it is highly desirable that the management needs to undertake advanced physical security and “inventory control mechanism” to safeguard the collections of
RNRA Team, “Supermarkets, Fresh Produce and New Commodity Chains: What Future for the Small Producer?” Hot Topics: February, 2004.
Kudler Fine Foods is a store unlike any in the grocery industry. Kudler Fine Foods represents a store that could possibly spark a new era within the grocery world. The owner of Kudler Fine Foods, Kathy Kudler, has watched her dream of owning and operating a grocery store that specializes in fine quality food grow within a short period of time. The success of Kudler Fine Foods can be attributed to the innovative ideas, effective leadership, and organizational structure. The overall mission of Kudler Fine Food's "is to provide our customers the finest in selected foodstuffs, wines, and related needs in an unparallel consumer environment. Our selections coupled with our experienced, helpful and knowledgeable staff, merge to offer each customer a delightful and pleasing shopping outing" (Apollo Group, 2003). Kudler has managed to maintain its mission statement by providing its customers with the best and as a result the company has flourished. "Kathy considers one of her key responsibilities to be that of identification of new gourmet items that can be offered in her stores (Apollo Group, 2003)." Therefore, Kathy is considering plans to contract with local growers of organic produce to yet obtain the best in quality products for her consumers and take her business to the next step. If Kathy makes the decision to contract with local growers then changes could be introduced into the company's overall structural organization. Each aspect of Kudler Fine Food's organizational structure from basic business process to the supply chain and quality control process will be affected by the formation of a contractual relationship with local organic growers.
First, increased its competitive market by acquiring competitor such as Wild Oats, which was the second largest natural foods supermarket in the nation and it had 193 stores. It eliminates the competition and allows for more locations where Whole Foods was not available. It is a huge possibility for growth on Whole Foods Vision of expanding and being dominant in the market. Second, build its brand equity with organics through marketing so when consumers think “Organic”, they think “Whole Foods.” Also, the company involves in the community to help extend the market through the social mission. Based on the motto, “Whole Foods, Whole People, Whole Planet,” its social mission is donating 5% of after-tax profits to nonprofit organization, supporting sustainable agriculture, reducing waste, and encouraging environmentally friendly store maintenance programs. One of the example of Whole Foods’ efforts in promote sustainable agriculture and protect farm worker and the environment is Local Producer Loan Program. This program provides loans to small, local producers who sell their products to Whole Foods and need the loans to continue their
The first place I went to was called “Front Street Foods” located at the Union Station on Front Street. Front Street Foods is a wide-ranging culinary market that showcases Toronto’s best chefs, restaurants, bakers, food entrepreneurs, and the fresh edible items they create. The music I heard in the background was a remix of hit-music played by a DJ. I think this music was being played because it was a Friday night with Blue Jay’s home game. Therefore, people were very excited and welcoming the weekends with great foods on the street. The music definitely was an add-on from the atmosphere of the place. People were enjoying the beat and bass and some were even dancing on the street. The pedestrians, not only noticed the music, but the sounds and good vibes also attracted them to join the culinary market to enjoy the atmosphere. In my opinion, having a DJ that plays the excellent music in such “event/festival” is a great idea. The remix that were played certainly helped the vendors to be more profitable by attracting more consumers from the streets, and also accelerated the atmosphere to the next level.
While the organic movement has increased the production and sale of organic food in the United States, something that should be noted is that the stock of Whole Foods Market, a grocery store is dedicated to the sale of organic food, has gone down 40% since October of 2013. Whole Foods Market’s success rates are slowly beginning to diminish and it may lose its dominance in the organic foods market (The Economist, 2014). While this may seem indicative of a decrease in public interest of organic food, it really indicates the opposite. After seeing the success of Whole Foods Market, new stores such as Trader Joe’s and Sprouts entered the organic market and became strong competition. The decline in Whole Foods Market’s success may be attributed
.There continues to be an insufficient consistent supply of products available to ensure a year round supply for consumers to choose from. If the proportion of consumers purchasing organic food is to increase it is important that they can source these products when they need them otherwise they will look for an alternative-
Like other convenience stores around the East Vancouver area, Best Foods Grocery is experiencing a serious problem with petty thefts and crimes. This has been cited as a problem and the lack of security needs to be addressed. Currently, Best Foods Grocery does not have a good functioning security camera system throughout the store. The store needs to update its camera system to have a decrease in crime and better understanding of who commits them. Best foods Grocery does not have the necessary resources installed to achieve a higher level of security within the store, but can be implemented to increase security. Security is an important part of a business everyday responsibilities to its staff and customers. Many small stores
Of all the analyzed factors, the problem in the industry is availability of cheap and plenty non-organic foods. While organic foods emphasize on health, it does not provide alternative of cheap foods. Majority of the population, perhaps due to the information they have at hand, consumers prefer buying depending on economies of scale rather than observing their health. For example, a large family will prefer large amount of food, which are cheaper as compared to the same amount of organic food but at double or triple price. Therefore, even competitors of WFM face the same problem of alternative non organic food in the market that come cheap and
Sociology is the study of society and people. Food and food ways are often elements associated with particular societies and therefore, studying such a topic can offer valuable insight into the ways of that society and the people who live in it. Although eating is a vital part of survival, with whom, how and where we eat are not. Studying such ways can illustrate and represent the identity of a person or group. The nature of people and their beliefs can be indicated when analysing their food habits. Who individuals eat with is a particularly revealing factor into gaining an understanding of their identity, culture and society (Scholliers P 2001). For this reason commensality is a term frequently used in sociological research concerning food and food ways.
Local grown fresh produce is more beneficial to society than fast food or mass produced food. Buying locally will bring a higher quality of life for many generations to come by having a cleaner environment and enhancing the community. Fast food is killing society and causing a plaque of obesity which causes other health problems. Buying local fresh food is a much healthier choice for children and adults alike. Fresh food will also boost the economy through creating jobs and educating the population. Overall, local fresh produce is better for the community than fast or pre-packaged food.
Inventory management is a method through, which a business handles tangible resources and materials to ensure availability of resources for use. It is a collection of interdisciplinary processes including a full circle from the demand forecasting, supply chain management, inventory control and reverse logistics. Inventory management is the optimization of inventories of manufactured goods, work in progress, and raw materials. According to Doucette (2001) inventory management can be challenging at times; however, the need for effective inventory management is largely seeing more as a necessity than a mere trend when customer satisfaction and service have become a prime reason for a business to stand apart from its competition. For example, Wal-Mart’s inventory management is one of the biggest contributors to the success of the company;
Inventory management can enhance the efficiency in operation of the supermarket. Supermarket must ensure that the correct levels of inventory are being maintained throughout the store, and that merchandise is purchased at the best price point as possible. Holding too much inventory on hand generate costs like carrying costs. Whereas having too little inventory on hand makes customers dissatisfied and it leads to declining
Executive Summary: The summary basically points out that the market for organic food in India is still petite; there are very few active players in the market however the change in consumers’ perception and the growing trend of being healthy and fit has resulted in an estimation that the market is expected to grow at a CAGR of 13-14% for organic fruits and 10-11% for dairy products over the next five to six years.
Here are some recommendations for him to make changes. First, there are some strategies can be used in inventory control. The main problem of the inventory control is unable to respond with the changing demand. It is suggested the shops in Hogsmeadow Garden Centre to place more orders with smaller order batches each time. It is not necessary for the shops to place order in a fixed period of time, at the beginning of the season for Hogsmeadow Garden Centre. It is possible to place orders when the stocks reach minimal stock level, which means the minimal amount of safety inventory that are willing to keep on hand before replenishing the suppliers. (Colleen Rodericks, n.d.) This strategy is particularly beneficial for selling perishable goods, as it can reduce the inventory level of the shops. It enables the shops to lessen the problem of losing money by discounting and throwing away for the perished stocks. At the same time, it is important for the shops to use First-in-first-out (FIFO) method for perishable products. FIFO method means selling the oldest products first, and the selling the new purchased products later. (Colleen Rodericks, n.d.) It is crucial for products with limited-life, like plants. As the oldest products are supposed to perish earlier, it is better to sell them earlier so as to reduce throwing away the perished products. Reducing the order batches and using FIFO method can reduce the products to be thrown, the costs of inventory can be reduced and the profitability of Hogsmeadow Garden Centre can be
The fresh fruit and vegetable is important and remarkable point in supply chain. The fresh fruit and vegetable supply chain is characterized by many national and international small and medium-sized enterprises at the production stage. And also the consumer demand for fresh fruits and vegetables all over the year is a special challenge of this chain and this chain strongly impacts all of the particularities. Therefore, the adoption of new Technologies and new opportunities for improving information logistic can have important benefits to meet the fresh fruit and vegetable’s conditions. One important benefit is the collection information and determine an impact on the strategies process efficiency of enterprises. And also we can see demand for fresh fruits and vegetables on graph.