3 because even with the worst case scenario (we sell 1), we would end up breaking-even. So no matter what happens, we won’t lose money.
Updates from Tuesday 24th September, 2013 Toggle Comment Threads | Keyboard Shortcuts
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Jennie Yan
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Sarah Job
Forecast determines requisite strategy for the upcoming period. The information likely comes from accounting (past data). Buy five.
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Fengke Tan
We would buy 4 or 6 because basically its the safest way to do it.
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victoriayang
I would buy 10 – it would cost $10 and you would only have to sell 4 to recoup costs. That way if you sell more, you make more profit.
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Fangxian Guan
We would buy three because of the fact that we can break even with the sale of one unit. The risk is minimized.
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Kwok Ching Him
What will you do with a forecast
– Adjust production / inventory.
– Demand / Sales / Customer feedback. -
Karlyn Evans
Forecast used to help make decisions on what to buy/sell. The information comes from past data. We would buy around five, minimize risk.
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ziluezheng
I will buy 5 because it is right in the middle. therefore it minimize risk as it is in the middle. accounts for demand deviation.
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Jiacheng Shen
Better and more feedback can be got from consumers and this can improve the product
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nando
you can build a unique brand as you create your direct relationship with the costumers and to reduce the cost from supply chain.
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Yiyin Zhang
The supply chain is shorter. Shortening the distance between producer and customer and producing product that meets people’s need.
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Xinyue (angela) Li
-better relationship with customers
– make more profit because they don’t have to share the revenue with 3rd parties -
Xu Yueting
-updating the product more quickly
-build a close relationship with customers
-new information from customers
-cost willl be more efficient -
nicholasyoung
An advantage is that their is improved B2C relations and allows the business to heavily invest in their after-sales services.
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Kwok Ching Him
– Closer relationship with the customer
– They can resolve problems in a more immediate manor.
– Internal communication
– less problem -
Gabriel MacTavish
By eliminating the middle man, the company makes more profit per unit sold.
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Jiacheng Shen
When goes directly to customers, it increases the profit margins coz no retails or agent share profit
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hanxuanwang
the company is able to have strong relationship with the supplier which help them reduce the cost of production.
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Andrew Grange
advantage:not as much inventory required, this would not be the case if your product was sold in retail stores like Staples / London drugs
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Kwok Ching Him
Advantage:
– Immediate information about demand, adjust supply accordingly.
– Customer taste.
– Less Inventory
– Assets collect risks. -
zeweison
it lets customers to give direct feedback, which allows the producers to adapt their products better to fit consumer needs.
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Xu Yueting
-updating the product more quickly
-build a close relationship with customers
-new information from customers
-save cost -
Clement Hue Yat Kong
Companies could provide better products, reduce costs and be more efficient in distribution.
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Xu Yueting
-updating the product more quickly
-build a close relationship with customers
-new information from customers
-save cost -
Karina Chadijah
The advantage of a direct business model is that it saves logistic costs and internediaries.
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Maddie Ladner
There are shorter days of inventory as well as reducing the costs of transporting the product through an intermediary.
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mariapous
It is better for the customer because they get to the product directly without having to deal with retailers.
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Danielle Lim
Advantages of direct business model includes: faster delivery, cuts middle man costs, and better understanding of customer preferences.
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Harman Sahota
The benefit of this direct business model is that it allows Dell to avoid the extra costs paid to distribution companies like Walmart.
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Jonathan Gugger
Going directly to the market cuts out the middleman which allows for a less expensive product and a closer relationship to customers.
jennieyan 8:07 am on September 24, 2013 Permalink | Log in to Reply
Alex Wou, Alan Huang, Lilian Tseng