Developing Good Business Sense Essay

1076 Words May 7th, 2014 5 Pages
Developing Good Business Sense Beth Ray BUS/210 June 9th, 2013 William Peck Developing Good Business Sense Introduction To develop good business sense there are several factors that need to be taken into consideration. Operations Material Management is the source of the company’s competitive advantage. Then you have to take into account the OMM expenses and how it affects the profitability. Next examine innovative ways to increase productivity and quality while minimizing operational cost. Last look at the material management techniques that can be improved to gain a competitive advantage. Find ways to use company resources to …show more content…
McDonald’s is the world’s leading food chain serving 69 million customers and located in 34,000 locations and 118 countries and staff over 85,000 employees. McDonald’s has accommodated the countries that it resides in giving the customers what they want. What make the operational cost reasonable are the indirect suppliers and the direct suppliers. Using innovated equipment helps to cut down on the time it takes to prep or cook food. McDonald’s is committed to quality food, innovation and sustainability. They listen to the customers’ opinion and try creating new items for customers to try. Training employees and rewarding individuals for exceptional performance encourages the employees to strive to be successful and decrease turnover which lowers the operational expense. Kohl’s is a retail store that sales “moderately priced name-brand and private-label apparel, shoes, accessories, and housewares.” Kohl’s merchandising relationships allow the store to sale name brand items (OshKosh B Gosh, Levi’s, NIKE) at affordable discounted prices. This helps to control the cost and at the same time offering affordable pricing. The cash register location is designed to help with speedy check outs. There are 1,150 discount department stores in 49 states. Most of the stores are in the Midwest and West. Kohl’s mission is to “bring brands, value and convenience

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