Nordstrom Case Study Example | Topics and Well Written Essays - 1000 words

Nordstrom - Case Study ExampleThis has enabled Nordstrom to be leading in delivery of old-hat customer loyalty and services, in United States. Despite of its profit being majorly from the retail stores, Nordstrom has extended its address segment, the multiple boutiques, and the internet sector (Cakir & Canbolat, 2008, pp.1367-1378). Demand acquire in minimizing leftover inventory Nordstrom uses the demand portent in minimizing the leftover inventory. The overall corporate leadership in Nordstrom is based on two goals. Nordstrom integrates purchasing with demand in order to keep the inventory lean. The items in Nordstrom argon kept in livestock for a remarkably short time to enhance easy purchase by the customers due to the extra time. Normally, Nordstrom keeps the items in inventory for a short time, usually 62 days. Apart from the daily sales, Nordstrom gives discounts on original goods as well as planning for more productive and profitable sales prices. One of the sterling( prenominal) challenge facing retailers is customer retention. However, Nordstrom has succeeded in retaining its customers through piercing the insight into the minds of their customers. This has enhanced focusing and achiever of its inventory. The web-based schema has enhanced monitoring of the demand. Customers check the items from the nearest local store, place an order and the items are delivered to them. The management and stock controllers are, therefore, able to access the movement of certain products to ovoid overstocking or under stocking (Cakir & Canbolat, 2008, pp.1367-1378). Benchmarks used to tax the success of web-based inventory integration The benchmarks used by Nordstrom in assessing the success of the web-based inventory system allow in monitoring different organizations and incorporate the ideas used by organizations in their normal operations. Nordstrom faces competition from companies like Nike and Macys. pickings certain qualities from their competitors an d intertwining them in Nordstrom, a great success of the web-based inventory would be realized. Nordstrom uses the web-based inventory in ratting the investors and the viewers of the financial statements. The website site, www.sec.com contains any additional information that they may need. Any concerns or questions raised from Nordstrom financials are discussed and addressed in the footnotes (Cakir & Canbolat, 2008, pp.1367-1378). The web-based inventory displays the items remaining in stock online both from the warehouse and all the other stores. This helps in monitoring of the stock in all the stores from a central point. The web-based inventory enables the online transactions. The inventory to the website resulted in all the stores acting as online warehouses. The percentage of the customers purchasing good online stooge be used to weed the success of the web-based system. High percentage of online customers is an indication that the web-based inventory integration was a succes s. Furthermore, the success of the system can be evaluated through the inventory turnover. Increased turn over indicates a positive response to the system (Spector & McCarthy, 2000, pp. 67-69). Application of participatory planning in product purchasing and groups involved Participatory planning encompasses the great unwashed affected by the plans and those who are to implement them. Transparency and equitability will enhance increased customer assumption in retailing. The interaction of employees with the managers determines the success of the