Assessment Activity Weel 4 Essay Example | Topics and Well Written Essays - 250 words

Assessment Activity Weel 4 - Essay Example The assumptions that are necessary when using customer driven analytics to make managerial decisions are: i. Gathering of proper information about customers and store performance. ii. The detailed knowledge of its customer and sales patterns helps the firm to determine which items were selling well, or which items were most profitable to sell in the first place. iii. Keeping track of its purchase transactions and analyzing them to mass information about customer demand, pricing, and interest about new products. iv. Store assortments the increased productivity of inventories and store space within consumer interface v. Replenishment upon optimizing time and cost in Seven-Eleven replenishment system vi. Efficient promotion in maximizing total system efficiency of trade and consumer promotion vii. Product introduction reflect effectiveness of new product development and introduction activities 2. The IT strategy for Seven Eleven influences other aspects of the business such as inventory , human resource and vendor relationships. i. Freshness: The SEJ’s retail strategy emphasized on the freshness not only on perishable products but also on all the merchandise items, by changing the products as per the customer preferences.