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Strategies for SS Inc - Coursework Example

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The paper "Strategies for SS Inc" presents S&S, Inc. as a retailer of consumer electronics devices. Its business strategies can include both product differentiation and low-cost strategies. S&S can add services not provided by competitors or enhance services to make them better than the competitor's. …
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Download file to see previous pages IT would be very useful in this strategy as it will be used to track the dates of purchase, duration of the manufacturer and S&S warranties, as well as trigger reminders to customers for preventive maintenance.
A low-cost strategy entails striving to be the most efficient producer of a product or service. For S&S to use this strategy means streamlining its retail operations to be able to minimize costs. One very important area where S&S should strive for efficiency is in inventory management. S&S must strive to stock its store with fast-moving items to reduce its inventory carrying costs. IT will definitely play a significant role in inventory management especially if the volume of inventory is large and the products diversified. IT will monitor stock movement, determine economic order points, optimum stocking levels.
In terms of strategic position, S&S can employ variety-based, needs-based and access-based strategic positions for various aspects of its operations and make them work synergistically with one another.
S&S can use a variety-based strategic position by focusing on certain product lines instead of selling all kinds of appliances and consumer electronic devices. It can use IT to first determine which products lines provide the best returns for the company by tracking sales data. For example, kitchen appliances and electronic devices may perform better than those for entertainment or for office use. If this is the case, then S&S should stock more of the kitchen-related products and IT should be used to continuously track sales so that product line focus may be shifted if sales drop.
With the focus on kitchen appliances and electronic devices, S&S can use a needs-based strategic position by trying to serve the needs of a particular group of customers, like homeowners and housewives. ...Download file to see next pagesRead More
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