Margins and cost target setting define
A marketing plan
often includes deadlines, budgets, labor and
overhead costs are measured and a desired profit is added to determine the
selling price. Businesses may benefit from lowering or raising prices,
depending on the needs and behaviors of customers and clients in the particular
market. Finding the right pricing strategy is an important element in running a
successful business.
collection strategy
A sequence of actions
- triggered by an account's status, an event, or scheduled by the user - that
is embedded in collection software in order to drive collection workflow
Assortment and item
plans setting
A merchandise
assortment is a collection of various quantities of styles, colors, sizes, and
prices of related merchandise, usually grouped under one classification within
a department. The final report of an assortment plan states the budget for each
item followed by sales goals and a merchandise plan for a specific period.
·
unit plans and
dollar plans. A unit plan refers most often to qualitative decisions or types
of merchandise bought. A dollar plan is the quantitative result of the
assortment planning or volume of merchandise bought.
·
Prototyping
(General Engineering)
one of the first units manufactured of a product, which is tested so that the
design can be changed if necessary before the product is manufactured
commercially
2. a person or thing that serves as an example of a type.
2. An original, full-scale, and usually working model of
a new product or new version of an existing product.
Sampling and product
specification
The product design
specification (PDS) is a listing of the critical parameters, specifications and
requirements for the product you are designing. It is a statement of what the
product should be and should do. The PDS is created during the problem
definition activity very early in the design process. Much of the product
design specification is driven by customer needs. It is intended to show what
you are trying to achieve, NOT what you will end up with.http://homepages.cae.wisc.edu/~me349/lecture_notes/product_design_spec.pdf
Sample fitting and production
examples
1.
Proto Sample
2.
FIT sample,
FIT is being made with actual measurement.
3.
Salesman
Sample/Photo shot Sample, (SMS) are displayed for assessing customer's feedback
4.
Size set
Sample, The purpose of the size set is to check fit of the garment in different
sizes
5.
Pre-production
Sample
In production stage factory need to submit few more
samples that includes
1.
Top of
Production Sample
Shipment Sample,
finished and packed for shipment, all packing details
Define supplier selection
Supplier selection is
the process by which firms identify, evaluate, and contract with suppliers. The
supplier selection process deploys a tremendous amount of a firm’s fi- nancial
resources. In return, firms expect significant benefits from contracting with
suppliers offering high value. This article describes the typical steps of
supplier selection processes: identifying suppliers, soliciting information
from suppliers, setting contract terms, negoti- ating with suppliers, and
evaluating suppliers. It highlights why each step is important, how the steps
are interrelated, and how the resulting complexity provides fertile ground for
ORMS research.
kpi analysis example
KPIs can have various
components such as volume, cost, time, customer satisfaction and quality
Key: what is ‘Key’
varies significantly from company to company. This could be the hourly rate
charged against the operational hourly cost. This obviously would be key to the
success or failure of a company. However, arguably customer satisfaction may or
may not be vital to the success of an organisation.
Performance: can be
evidently measured and quantified. For example sale performance would be a
significant performance criterion, with a measurable target.
Indicator: is largely
related to future performance. For example a company can hold a large amount of
data relating to historical sales trends - an indicator would be used to
evaluate a variance on future performance.
Event management
Event management
involves studying the intricacies of the brand, identifying the target
audience, devising the event
concept, planning the logistics and coordinating the technical aspects before
actually launching the event.
This includes event
design, audio-visual production, scriptwriting, logistics, budgeting,
negotiation and, of course, client service. It is a multi-dimensional
profession.
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