Fashion Accessory trading business
Fashion Accessories Ltd is one of the crucial high-quality supplier & importers in UK. This company has been offering reasonable priced costume jewellery, accessories and fashion scarves in UK and other European countries such as France, Sweden, Spain and etc. And they also covers with over 650 clients and 20 years of experience in providing a wide-range of fashion items to meet the requirements of major retailers and their suppliers. They also have accounts with many of the famous branded chain store companies, as well as wholesalers and various other established firms.
2. Presenting problem This study was concerned mainly in finding out the effect of Information Technology on B2B system in the supply chain extension management of trading business after 1990’s.
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To facilitate achieving the broad objects as cited above, this study aims to attain following specific operational objective ? To clarify the specific the factors that will boost business to business which subsequently triggered intense changes in the scope and impact of supply chain management on trading business after 1990’s.
? To discuss about the Information Technology that will further enhance business to business system. ? To identify the products offered by B2B responsible for boosting developments in the scope and impact of supply chain management on trading business after 1990’s. ? To extend our understanding of the additional management cost as well as implementation problems with the introduction of B2B system. 3. Preparatory Work – Target
In a country like UK the need for economic development is urgent; hence, it becomes imperative to extend present day knowledge on developing technological methodologies like introduction of B2B system which is one of the widely used platforms using Internet technology to bring down costs and speed up processes logistics for trading business. Likewise, the researcher believed that the findings of this study will help reduce the variation in product price as well as information, and markets will become more integrated.
Furthermore, the baseline data gathered from the result of this study shall serve as guide of other researchers in their quest for additional knowledge specially those interested in the fields of Information Technology and Business Management 4. Outcome, Actors and Data Spotlight ? Outcome Tell something about the framework and the methods your going to use ? Actors The following persons who will be benefited with this study are: ? IT manager. This will lead them to know what has happened in the previous trends of business using B2B and the flows of GDP of UK.
? Businessmen. They will be enlightened to determine if UK has a high credit risk or a good for investment. And facilitate them in the real world market standing of the UK country. ? UK people. This will guide them in determining the GDP and economic growth trends of their country. ? Future researcher. This will lead them to conduct new study relating B2B to another factors or indicators. This will also guide them to think of another meaningful study. ? Data spotlight To answer the specific problems of this study the following hypotheses were formulated: 1.
Information Technology did not enhance business to business system. 2. There were no products or services offered by B2B that were responsible for boosting developments in the scope and impact of supply chain management on trading business after 1990’s. 3. There were no additional management cost as well as implementation problems with the introduction of B2B system. 5. Preparatory Work – Constraints What are the difficulties that you encounter in this study How are you going to get access 6. The Research Question The investigator was directed to answer the following questions:
1. What specifically were the factors that boosted business to business which subsequently triggered intense changes in the scope and impact of supply chain management on trading business after 1990’s? 2. Will Information Technology further enhance business to business system? 3. Were the products offered by B2B responsible for boosting developments in the scope and impact of supply chain management on trading business after 1990’s? 4. Were there additional management cost as well as implementation problems with the introduction of B2B system? 7.
Breakdown of Tasks The researcher collected the data from the different corrected thesis dissertation, journals, magazines and books. Microsoft Excel and SPSS program were used for the presentation proper of the events that is reflected in the informational data. a. Preparation of the Mind This is introduction …………… Sales representatives in business-to-business initially jeered at the idea of using direct marketing system as selling strategy for industrial customers. It was considered to be of low level company selling scheme for mass markets (Sullivan 1990, 2).
Nevertheless, the stratagem was employed by Fortune 500 companies (Sullivan 1990, 2). This inter-dynamic selling scheme involves trade team and varied merchandizing methods such as mail and telemarketing which was likewise employed by Dictaphone (Sullivan 1990, 2). Other ways were the member-to-member mode, trading-up, and cross selling (Sullivan 1990, 372). Trading-up and cross selling incorporated advertising, direct marketing, and personal selling thus cutting the cost of the previously one-on-one scheme (Sullivan 1990, 372). ………….. (more) b. Problem Scenario Expansion c. Preparation of the Domain
d. Practical Access to Tools From the informational data that will be intended to gather the researcher decide to use SPSS program to compute the elasticity of the variables and to identify if the predictors of the study are good. And the multiple regression model will be used in this study. The chart and other basic computations will be done through Microsoft excel for better presentation of the study. e. Practical Access to Skills The researcher needs the following tutorial for SPSS usage, International access program list, and trends of the international GDP and the economic growth.
To overcome this needs the researcher review some literature and studies using SPSS program, recall the past lessons in economics and ask the library for the list of international access list . f. Practical Documentation g. Research Thinking This study used a descriptive quantitative and qualitative research. This study was concerned mainly in finding out the effect of Information Technology on B2B system in the supply chain extension management of trading business after 1990’s. h. Primary Data
The selected research methodology is a descriptive archival, quantitative and interview. The interview will help for the construction of the entire impact on B2B in the real world. Secondary research is to read a number of literature and studies relevant to the present study in different public and private libraries. The literature studies will be scrutinized to determine if there is some bearing to the study and would be analyzed to gain a broader perspective of the problem issue.
The strategy in this study is the rational perspective, where the data analysis and the final recommendations follow the sequential gathering of information. i. Research Method/Problem Solving Approach ? Research Methodology The main objective of this study is to ? Research Approach The research approach that develops the methodology explained below is based on descriptive qualitative and quantitative research method. j. Data Locations k. Data Collection Protocol Presentation of the data and the computation ……. l. Primary Data Processing ? Preprocessing
? Outcome Processing 8. Outline of Literature Review For a firm to deliver maximum value to its customers, it must receive maximum value from all its suppliers in the supply chain. Commercial firms are increasingly concluding that, working alone, they cannot have the lowest costs, best quality, or shortest cycle times in their industries if their suppliers do not support them (Lewis, 1995, p. 5). For example, Intel concluded that it could not improve the quality of its products if it did not improve “the quality of its suppliers (Morgan, 1990).
Sun concluded that it could not be more responsive to its customers unless its suppliers were more responsive (Carbone, 1996). Many firms report that implementing best PSM practices has delivered large savings and significant performance improvements. (Moore, Baldwin, Camm, and Cook 2002, 4- 5) Once firms recognize the strategic importance of purchasing to improving their performance and profit as well as integrating their supply chains, they typically change their PSM practices to improve their competitiveness.
5 Through our recent strategic sourcing and contracting research, we have learned how innovative commercial firms purchase goods and services. What we have observed appears to be the beginning of a revolution in PSM practices. 6 For example, Bensaou (1999) notes that in the automotive sector, all three U. S. manufacturers and most of their European competitors have launched programs to decrease their level of vertical integration, reduce their total number of direct suppliers, and move toward publicly declared strategic partnerships.
7 In the aerospace sector, manufacturers are making strategic efforts to consolidate their supply base and forge stronger relationships with remaining suppliers (Stundza, 1999). For example, Boeing consolidated and standardized its supply contracts and plans to reduce its number of suppliers from 3,100 to 2,700 (Stundza, 2000b). Bowman (1998) notes that within the last year in the logistics industry shippers are increasingly bidding at the corporate level.
More of them are making decisions by committee, whittling down their international provider base to a bare minimum. For example, he notes that about 40 percent of the global accounts of APL Ltd. , a worldwide logistics provider, had some type of logistics council or centralized body for purchasing, strategizing, and decision making. 8 To set the stage for PSM change, innovative customers are conducting comprehensive, corporate-wide spend analyses 9 to better understand their primary sources of expenditures and to then target their PSM improvement initiatives (e.
g. , quality, speed, or cost effectiveness) on those goods and services that represent their largest and most strategic expenditures (see Owens et al. , 1998, and Laseter, 1998). 10 Customers are also stratifying their supply base by effect on results and level of strategic risk and then matching the specific management approach and type of relationship formed with particular suppliers to (Moore, Baldwin, Camm, and Cook 2002, 6 – 7)
The truth of the matter is that the chains grew because they introduced a method of retail distribution for which there was a definite need and which the old wholesaler-retailer system failed to supply. To what extent the old system was inherently deficient and to what extent its shortcomings could be and have been corrected must be discussed now, not for the sake of stressing the imperfections of a competitive system but in order to contrast certain features of the chain-store system.
The ideal distribution system would bridge the gap between production and consumption with maximum efficiency at minimum cost. Without any question, the outstanding inherent defect of the old wholesaler-retailer system lay in the fact that, under it, the wholesale function and the retail function are performed by separate, independent factors, whereas, under the chain-store system, the two functions are, to a major extent, combined.
In no sense does the chain-store system eliminate the wholesale function: it still has to be performed, but, whereas under the old system the wholesaler exercised no control over his retail outlets nor did the retailer have any control over his sources of supply, under the chain-store system both functions are performed by the same organization and the control is unified. That this basic difference between the two systems has been partly nullified by the development of voluntary chains of various kinds is true.
But the fact remains that such organizations did not come prominently into the picture until the chains had established themselves on a firm basis. When the chains were making their greatest strides, the old wholesaler-retailer set-up provided their principal competition. Reduced to its simplest terms, the main result of the essential difference between the two systems lies in the fact that under the old plan it is necessary for the wholesaler to sell to the retailer before the merchandise can find its way into consumption.
Under the chain-store system, this intervening selling process, with all its disadvantages, is obviated. (Lebhar 1963, 87- 88) “In 1981, standards for shipping containers were adopted; these facilitated the extension of the UPC into the emerging supply chain processes then appearing in both manufacturing and retailing industries. One of the reasons that the UPC had to spread grew out of the fact that not all goods sold in grocery stores were food; they included health and beauty aids, household cleaners, and so forth, which came from other industries.
To take full advantage of the technology, the Grocery Industry wanted others to adopt the symbol as well. During the 1980s and 1990s, that was what happened. ” (Cortada 2004, 299) a. Keywords ? GDP = the growth development project is one of the most important factors in determining the standing of the country in terms of their economic inflation. ? e-buisness = is one of the most popular business internet market the products here are quite fast in the presentation to the client or so called the customer. ? Probability of UK GDP = this is something to do with the computation of the GDP of UK.
This will reveal the trends of the UK if the economic inflation will fall or ascent. ? Linear regression= is the model that will suit in some computation for economic studies. This will also lead the person to identify the trends of the business to the market place. b. Basic Definitions and Terms The following terms were formulated for more understanding: ? Business to business (B2B) = It refers to the business situation and ? Inflation = This means that ….. ? Information technology = This refers to ….. c. Primary Sources d. Map out Important Areas e. Originality f. Review Conclusion