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Excess or unnecessary inventory is listed as one of the seven wastes or "muda" in Taiichi Ohno's Toyota production system. [ 4 ] When referring to overstock merchandise in the form of consumer goods in a retail operation, the term refers to goods that have never been purchased by a customer but that are considered excessive stock from shelves ...
The duo are the cofounders of Highstock, a six-month-old platform that facilitates transactions between brands selling off excess inventory and discount buyers across the globe.
Yield management (YM) [4] has become part of mainstream business theory and practice over the last fifteen to twenty years. Whether an emerging discipline or a new management science (it has been called both), yield management is a set of yield maximization strategies and tactics to improve the profitability of certain businesses.
Sales promotion is one of the elements of the promotional mix. The primary elements in the promotional mix are advertising , personal selling , direct marketing and publicity / public relations . Sales promotion uses both media and non-media marketing communications for a predetermined, limited time to increase consumer demand, stimulate market ...
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Inventory is a property of a company that is ready for them to sell. [4] There are five basic reasons that a company would need inventory. 1. Safety inventory. This would act like a buffer to make sure that the company would have excess products for sale if consumer demands exceed their expectation. [5] 2. Cater to Cyclical and Seasonal Demand
At the end of the supply chain, materials and finished products only flow there because of the customer behaviour at the end of the chain; [11] academics Alan Harrison and Janet Godsell argue that "supply chain processes should be coordinated in order to focus on end customer buying behaviour", and look for "customer responsiveness" as an ...