...involves intensifying Flare’s penetration into the drugstore channel. Current situation of the industry: In US market, 2008, 74% women and 75% girls use fragrance products. The total US fragrances retail market was $5.7 billion in 2007, among them $3.8 billion was women fragrances. Flare takes 9.5% market share, exceeded by Depuis, Suzanne Weber and Aromatique. Sales channels of fragrances include mass market, drug stores, department stores and others. SWOT analysis of Flare Fragrances Company: S: Flare is the No.4 player in the U.S. women’s fragrances market. Loveliest is maintaining its 3% share of the market-$77 million. Flare dominates sales of fragrances through mass channels. W: The company was confined to the United States. The drugstore sales team lacks experience and management level O: The potential market for women’s fragrance is huge Traditionally higher-end fragrances will be the best performers in the coming years. Department/drugstore channel have huge markets but Flare accounts for only 5.7% and 2.6% T: major competitor Aromatique would launch a new perfume brand, Dulcet. Mid-tier and premium brands increasingly available in mass channels Evaluation of each option: Project 1: Launching Savvy Project 2: Deepening Flare’s penetration into drag store channel Project 3: Launching a new premium brand targeting at high-end market and thus shore up and even penetrate department stores/Prestige channel According to Exhibit 1, Flare’s shares of drug store channel...
Words: 838 - Pages: 4
...1. During the project initiation, a project charter is created. The project charter should include which of the following? • Project managers expenses • Analysis of budget • Selection of the senior project manager • Projects high-level deliverables 2. A project's budget should be based on a company’s • strategy and financial goals • profitability • financial goals and equity • debt load and equity 3. Earned value management is a technique used to integrate projects • resources • scope, schedule, and resources • schedule, costs, and benefits • costs and profits 4. Bill’s Billiards has total assets of $8 million and a total asset turnover of 2.9 times. If the return on assets is 11%, what is Bill's profit margin? • 11% • 4.10% • 2.50% • 3.79% 5. What are the acceptance criteria for NPV? • If the NPV is less that $0, accept the project. • If the NPV is greater than $0, accept the project. • If the IRR is equal to 0%, reject the project. • If the NPV is equal to the discounted payback, accept the project. University of Phoenix Final Exam Study Guide FIN 575 Final Exam 6. The risk response plan answers what question? • What can be done if risk occurs? What is the backup plan? • What are project costs? • There is no need to plan for risk seldom occurs in a project. • How risk is to be managed 7. For the most recent year, Cal’s Cats had sales of $380,000, cost of goods sold of $93,000, depreciation expense of $47,000, and additions to retained...
Words: 1316 - Pages: 6
...Abstract In the summer of 2013, I received summer employment in one of the many manufacturing facilities the company, ALDI, utilizes in the southern United States. As a junior employee, I was tasked with analyzing the utilization of current resources and find the superlative combination of the resources available. However, as an undergraduate student, I had not studied mathematical formulas that would allow me to find the optimal solution. In this paper, I will use both linear optimization and goal programming to take a number of sets of data to analyze and discover the optimal use of various constraints of resources. The paper will be divided into three different sections with a specific method applied in the first two sections, and a final section to describe the possible errors in the solutions presented in the prior two sections. In the first section, I will use linear optimization to take various sets of resources and distribute them appropriately among various products to find the best allocation to achieve maximum revenues. Linear optimization is the name of a branch of applied mathematics that deals with solving optimization problems of a particular form.1 Put simply, linear programming is finding the best outcome possible using a linear mathematical model. The constraints are linear inequalities of the variables used in the cost function. This method is the best available and of the most use given the present goal of achieving the maximum revenue possible for the company...
Words: 3424 - Pages: 14
...the Group as well as making a substantial contribution to government exchequer. With the passage of time, the Group undertook new ventures and presently there are 15 units of industries under its umbrella like cigarettes, handmade cigarettes, printing & packaging, textiles, hand board, pharmaceutical, leather processing and real-estate business are in operation, catering jobs for more that 32,000 people in various categories. The Group has plans for setting up more projects. The projects are already in pipeline. Foreign investors have shown keen interest in joining with us for joint ventures. The matter is under our active consideration and will hopefully soon mature. This will also help the nation's economy growth and will create job opportunities to various professionals. Akij Food & Beverage Ltd.: Akij Food & Beverage Ltd. (AFBL) a unit of Akij Group started its operation in the year 2006. AFBL manufactures a wide range of Snacks and Beverage for both National & International market alike. AFBL is a project worth $ 70 million& is funded by the parental company Akij Group. FARM FRESH MILK: The FARM FRESH MILK is a brand of milk and milk made product of Akij Food & Beverage Ltd. Farm fresh milk consists of UHT milk, pasteurized milk, chocolate milk, mango milk, butter, clarified butter (Ghee) and...
Words: 1058 - Pages: 5
...Network Design Proposal for Retail Technologies Corporation NETW410, Enterprise Network Design Team Leader: Juba Cochran Team Members: Brian Perez, Matthew Smith November 18, 2010 Table of Contents Executive Summary………………………………………………………………………….........2 Introduction……………………………………………………………….....................................3 Customer Introduction……………………………………………………………………….........4 Organizational Goals …………......5 Organizational Constraints...............................................................................................................6 Technical Goals of Existing Network..............................................................................................7 Technical Constraints of Existing Network.......………………………………………………..…8 Existing Network Design Analysis...……………………………………………………………...9 Technical Goals of New Network Design...……………………………………………………..10 Technical Constraints of New Network Design.....……………………………………………...11 New Network Design Analysis, Including Security………………………………….............12-19 Implementation Schedule……………………………………………………………….......…....20 Testing of The New Network……………………………………………………………............21 Budget............................................................................................................................................22 Detailed Summary.........................................................................................................................23 Detailed Components...
Words: 5466 - Pages: 22
...University of Salford - Manchester Salford Business School Procurement, Logistics and Supply Chain Management Course Leader: Prof. David Duffill Class # 1344: Operations and Information Management Assignment 2 - 2014 13th July 2014 Word Count: Presented by: @00401764 Abstract: The retail sector is characterized by an extremely competitive environment, with rapidly changing consumer needs and behavior. Retailers are the link between primary and secondary suppliers, final manufacturers/ assemblers and the consumer, that is the link between production and consumption. The performance of the retail sector is a good indicator of the performance in the overall economy. Traditional retail approach based on physical locations is fast evolving into a multi-channel approach in order to provide increased convenience to the final consumer whilst taking advantage of the convergence of information technology. This multi-channel approach is also putting pressure on retailers to re-look at integrating the back office operations to provide seamless services and experience to their customers. In order to address the details of task required for the assignment, the report is organized as follows; Part A: section 1) Applying a standard approach of Structured Systems Analysis and Design to understand the case of Heelz and determine the appropriate solution; section 2); future considerations for Heelz and applying Strategic Systems Integration Planning, Section 3) Conclude by...
Words: 2697 - Pages: 11
...By Kushal ShahOne of India’s oldest textile manufacturers and retailers, Raymond India operates across cities and deals with different cultures and people. Knowing all these customers and doing business accordingly is not a cakewalk. To deal with this scenario Raymond India decided to implement CRM (customer relationship management) across most of its retail outlets. Know thy customer Anil Arora | Retail is all about knowing your customers thoroughly in order to serve them better. It is an age old philosophy of Indian businessmen that if you know your customers better, you can enjoy a better competitive position in the market. Before making extensive use of IT at its outlets, Raymond’s business used to run on a manual basis. In order to know its customers better, a team was formed to survey prospective buyers as well as existing customers. After surveying them they would know the pattern of their purchases, their likes and dislikes etc. This process was cumbersome for the surveying team and at times people were apprehensive about replying to questions related to their personal choices. With the growing use of IT in the retail segment, Raymond decided to implement CRM to know its customers better and in a more sophisticated way. “The need was to understand the customers and provide services suitable to them,” says Anil Arora, Sr. Manager – Information Technology, Raymond Limited.The SolutionCustomer Relationship Management was implemented by Raymond...
Words: 1205 - Pages: 5
...Fundamentals of Database Systems Individual Project: Retail Store Database Table of Contents Section 1: Project Outline 3 Project Overview 3 Section 2: Description of the Database Design Life Cycle 4 Database Design Life Cycle 4 Database Creation 7 Section 3: The Entity Relationship Diagram 9 TBD 9 Section 4: The Logical Model and Normalization 10 TBD 10 Section 5: The Microsoft Access Database 11 TBD 11 Section 6: The Microsoft Access Database Application 12 TBD 12 References 13 Section 1: Project Outline Project Overview This project will go over the process of designing a database. The database that will be designed will be a database for a typical retail store. The purpose of this database will be to manage and store the data produced or collected during normal day to day operations. Throughout the rest of this project the information and processes will be aimed toward the creation of this retail store database. This is to help provide an example of what is needed to create a database and how each process or step corresponds to each other. Section 2: Description of the Database Design Life Cycle Database Design Life Cycle In order to create a database you must understand that there are certain steps that are contained within the Database Design Life Cycle (DBLC). These seven steps help you design the database and they give a step by step process to guide you through the phases of development. These steps are listed as follows: ...
Words: 1683 - Pages: 7
...tons Answer: We have to determine the E-value: E = (a + (4*m) + b) /6 E = (37 + (4 * 40) + 47)/ 6 E = 40.66 tons or 41 tons if you want to round it up. (c) Using the estimates from 1 & 2, what is the expected cost for structural steel over the life of the project? ( 41 tons * 2000lbs.) = 82,000 lbs. Therefore, the estimates would be: $0.34/lb * 82,000 lbs = $27,880 (d) Using the "Complex" three-point method, what is the expected cost for structural steel over the life of the project? Expected cost: $0.34/lb * 82,000 lbs = $27,880 Most optimistic cost: $0.24/lb * 74,000 lbs = $17,760 Most pessimistic cost: $0.62/lb * 98,000 lbs = $60,760 The final estimated cost for the material is: (($17,760 + (4 * $27,880) + $60,760))/6 = $31,673.33 2-3 Contingency Allowance Problem (a) 1.50 ($80 + $3 + $6) + 1.20($7 + $5.5 + $6.5)+ 1.05($15 + $12 +$3.70+$1.50+$18) =$209.01 209 / 1000 = $0.21 (b) $0.21 @ 150% markup (2.5 * $0.21) = $0.525 An additional 100% reseller mark-up would bring retail price to (2 * $0.525) = $1.05 which is bellow the target retail price...
Words: 411 - Pages: 2
...to 3,000 dwelling units along with neighborhood retail, parks, civic space, and 3 to 4 million square feet of office and commercial use. It is a mainly rental project and has a density of 50 dwelling units per acre. Financing: The mixed-use project is part of a public and private partnership between Post Properties, Inc. and the town of Addison, providing a positive public relation for the development. Post Properties contributed $134,000,000 (65% debt / 35% equity) and the town of Addison contributed $10,200,000 to the development. Experience: Successful rezoning for the public and private partnership developments must use joint efforts of city staff and developer’s team. The strategic planning process incorporated the developer, consultants, and task force comprising of town staff, enabling a cohesive project. This relationship helped ensure understanding and attain a final consensus on adoption and implementation. Additionally, the development team needs time to market the concept, while cities must be proactive in the process to develop a sustainable and integrated mixed-use residential development. CityPlace – West Palm Beach, Florida Specifics: CityPlace is a mixed-use development town center that features an open-air shopping plaza, tree-lined esplanades and streets, sidewalk dining establishments, entertainment venues, and family-friendly activities. CityPlace currently has 600,000 square feet of retail space and nearly 600 residential units that include...
Words: 1180 - Pages: 5
...Kiosks The “Perfect Pair” kiosks pilot project has been operating for a year now, and this has provided enough data to analyze whether Levi Strauss should continue with this project as is, expand or terminate this venture. The “Perfect Pair” kiosks will be reviewed in comparison to the current wholesale and retail operations to determine whether it provides the best return on invested capital. Applicable Concepts Product Pricing and ROIC Value Chain Analysis Product Mix Qualitative Analysis The alternative value chain for these kiosks is significantly changed in comparison to the wholesale and retail operations, and this is due to the processes involved in producing the kiosks end product. The new process reduces the time lag between start to finish of the value chain in comparison to traditional product lines. Expanding the kiosks to other retail locations will provide Levi’s with the opportunity to better respond to current industry shifts, while also providing greater satisfaction to its customers. Since Levi’s is not going to initiate the manufacturing process until after the sale has occurred, the need for intensive budgeting and forecasting is reduced for the “Perfect Pair” kiosks. The new alternative value chain also results in a decrease in inventory holding of 219 days, and this will lead to a decrease costs (Exhibit 1). This decrease in holding costs will free capital for further investment in this or other projects. Currently, the kiosks offer one...
Words: 845 - Pages: 4
...Managing Information Systems 2014-04-29 1 •Team 1 Approach • Inditex – Owners of the ‘Zara’ Franchise • Summary Overview • Fast Fashion – NOT Retailing • How ZARA / INDITEX works • Their system, organisation & focus points. • The QUESTION’s asked? What should ZARA do? • Should they do it? Why? • Value Chain & VRIN Analysis – (Inimitability is Key) • TOTAL Financial implications versus the Risk. • Diagnosis of Challenges & Recommendations. • People, Processes, Technology. • A Crisis of Coordination • Implementation strategy, communications and Stakeholder Management is KEY! • Summary 2 • ‘63 = House Coat Manufacturer, to Inditex in 2003 • Vertically Integrated Network (Production, DC’s, Retail) • €3.9billion Revenues, delivering €839.3m Op profits. • 1558 Hi-Profile OUTLETS. Stradivarius 10% Zara 34% Bershka 13% Oysho 4% • 8 successful Franchises, • ZARA 531 Stores = 34% - BUT, 75% Revenues • 85% of outlets in Europe, Spain 918. • Highly Profitable - Expanding Globally – FAST. • (Note – 2012 Accounts - €15.9b sales, €3.1b operating profits) Massimo Dutti 16% Kiddys Class 4% Pull & Bear 19% 3 • Fast Fashion Industry Overview • Moving designs from catwalk to store quickly, to capture current fashion trends. • In Store experience MUST be ‘trendy & interesting’ to drive regular visits. • Enables mainstream consumers to take advantage of current clothing styles at lower prices. • Brands Include, H&M, Zara, TopShop, Beneton, Gap Design...
Words: 895 - Pages: 4
...PROJECT MANAGEMENT Launching the First Hamleys Toy Shop In Vietnam Table of Content 1. EXECUTIVE SUMMARY 1 2. PROJECT PURPOSE/JUSTIFICATION 1 2.1. Business need/Case 1 2.2. Business objectives 1 3. PROJECT DESCRIPTION 1 3.1. Project objectives and success criteria 1 3.2. Constraint 2 3.3. Assumptions 2 3.4. Preliminary Scope Statement 2 4. RISK 3 4.1. Risk Assessment Form 3 4.2. Risk Assessment Matrix 4 5. PROJECT DELIVERABLES 4 6. PROJECT APPROVAL REQUIREMENTS 4 7. SUMMARY MILESTONE SCHEDULE 5 8. WORK BREAKDOWN STRUCTURE 7 9. COST BREAKDOWN STRUCTURE 8 10. PROJECT MANAGER 9 11. AUTHORIZATION 9 12. REFERENCES 10 13. APPENDIX 10 1. EXECUTIVE SUMMARY Hamleys is the finest toy shop known and trusted all over the world. Since its establishment in 1970, it has developed the wide chain of shops in many countries. To access more customers and to expand to new potential market in Asia, Hamleys Toy has planned to launch this brand in Vietnam market in 2015. This project is to handle preparation process to set up new store and organize the launching event of this brand in Vietnam 2. PROJECT PURPOSE/JUSTIFICATION 3.1. Business need/Case The major purpose of this project management is to prepare to set up the first Hamleys Toy shop and to organize the launching event in Vietnam. Even one of the most rapid developing countries in Asia with high GDP and the increase of income in middle-income population, Vietnam have still underdeveloped...
Words: 1464 - Pages: 6
...PM592 On-line – Study Guide for Final Examination The final is an open book/open notes examination. The final includes nine questions, and is worth a total of 300 points. The sample problems here represent the types of problems that may appear on the final. There are solutions to the problems at the end. There will also be discussion problems. I have provided a list of the topics from which the discussion questions will be taken. On problems, please show all calculations when you complete the final. Problems: (TCO B) Three-point estimate: Problem (TCO B) Contingency Pricing: Problem (TCO G) Crashing: Problem (TCO C) WBS: Problem (TCO E) Resource Allocation/Leveling: Problem (TCO F, G) Earned Value/PMIS: Problem (TCO C) General Budget development, sensitivity: Problem Discussion topics: (TCO D) Accounting, PMIS, and Project Control (TCO A) Budgeting processes and techniques (TCO E) Resource Allocation Matrix (TCO F) Project Control Process (TCO F, G) EVM and EAC: Discussion: Terminal Course Objectives A Given the WBS and work packages develop an understanding of budgeting processes using top-down and bottom-up techniques. B Given the WBS and work packages, analyze the various cost estimating processes and investigate approaches used to justify and allocate contingency funds. C Given the project plan, develop budget estimates in appropriate categories including but not limited to labor, non-labor, overhead...
Words: 2741 - Pages: 11
...creating a entire island. The project will be a mix of commercial, residential, and retail units. All of the construction will be set around the Manama waterfront. The centerpiece of the project will be Bahrain’s first Four Seasons hotel. Bahrain Bay got underway in 2006 with a land reclamation extending to 430,000m2. The global headquarters of Arcapita and the new hotel were due to be completed in 2008. Phase Three of the operation will involve the construction of residential, commercial, and retail units. The whole project, due for completion in 2010 will cover an area of some 1.1 million m2. The architectural and engineering firm Skidmore, Owings & Merrill designed the ultra modern site. In 2005, when the project had been given final approval, Atif A. Abdulmalik, the CEO of Arcapita, sai, “Just five months from the initial announcement of this project, the preparatory stages for design and planning considerations have progressed very well and Bahrain Bay BSC is able to launch Bahrain Bay ahead of schedule. A month from now, site work will commence on what we believe will be an outstanding addition to the Kingdom of Bahrain, as befits its place as a regional center for banking and finance. With its futuristic, urban designs, Bahrain Bay will be a stunningly presented collection of waterfront residential, retail, and commercial developments, representing a unique new focal point in Bahrain.” Abdulmalik went on to explain the importance of the project for Bahrain: “There are...
Words: 1510 - Pages: 7