Strategies of Hugo Boss Company - Case Study Example

Competition in the current markets is very prominent in all industries. It is the goal of any company to seek new customers and most of all maintain the existing ones. To optimize supply for the never out-of-stock products, Hugo Boss Company has to change the frequency at which they were ordering from their manufacturers.

            By adopting this strategy the company aims to maintain most of its customers for semi-regular products. The strategy will ensure that these products are available all year round to beat competition from other companies. It was first done by consultation with other companies that have done this successfully in the past. Before the actual adoption of the strategy critical analysis of the option is important to make sure that it is the best among others. This could be done using the reports of the company. Various criteria can be used to analyze the option for its credibility and applicability. In the case of Hugo Boss Company, a strategy that would be most appropriate would be an analysis of costs and benefits before and after the introduction of this option. It will provide information that will enable the manager to decide on whether the pilot program should be adopted or not (Bonham et al, 2008).