Manage Operational Plan for E-commerce Platform - BBQFun
Verified
Added on 2023/06/04
|12
|3267
|449
AI Summary
This article discusses the operational management strategies for implementing an e-commerce platform for BBQFun. It covers marketing, distribution, inventory management, and more. The article also emphasizes the importance of integrating strategic planning and budgeting for successful implementation.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
OPERATIONAL MANAGEMENT Activity 1A The growing interest of large and medium-sized companies to the Internet, leads to the possibilities of creating their own commercial projects on the Web leads to an increase in demand for the corresponding software and hardware solutions. Similar decisions are called "e-commerce platforms", they enable the company to develop and implement Internet projects with little or no permanent involvement of external experts(Akter, & Wamba, 2016). Work with e-commerce platforms should be handled by system administrators and technical specialists of the relevant departments of the company. For managers of different levels, you only need to choose the platform that best suits the needs of the company's business. BBQ E-commerce operational strategy BBQFun has decided to implement an operational e-commerce strategy to help in its growth and development and the sales of its products. For e-commerce to be implemented, BBQfun board of directors had to look at the commercial viability and feasibility of the strategy. It is important to note that the for an e-commerce operations to be successful for sales of goods a number of operational factors must be put in place. In E-commerce , the implementation of a complete closed cycle of operations (ordering goods, making payments, managing the delivery of goods) to transfer ownership of the goods to one legal (physical) person by another using electronic means and information technology is the most important. E-commerce provides the Internet. Unlike traditional means of telecommunications, the Internet does not just perform the function of an information transmitter, it is a global virtual market(Bhattacharjee, Angevine, Majhi, & Smith, 2015,).. Moreover, this market is more efficient in comparison with the traditional one, as it provides the buyer with the most complete information about the goods,
OPERATIONAL MANAGEMENT providing it with a much larger volume than, for example, printed publications, advertising on radio and television, and allowing to control the process of its search and selection. Electronic market on the Internet is that it is open and available for businesses of all sizes, as well as for consumers. The Internet makes it possible to interact more effectively with consumers and serve information about them. The advantages of the Internet as an e- commerce environment are: - the active position of the consumer, - the relatively small amount of funds invested by enterprises to enter the market, - the global nature of the market, - the round-the-clock availability of the market; opportunity(Chen, Pan, & Ouyang, 2014). BBQfun operational e-commerce marketing BBQfun has a lot of marketing funds allocated in its annual budget. The reason to open an e-commerce store is to increase the revenue base. Marketing should be done on and offline to guaranteed a continuous traffic to the online store. It should hire brand influencers, online store operators and other people to support in its marketing operations. Now internet marketing is more than sale of information products, now there is trade in information space, software products, business models and many other goods and services. Internet promotion for Belarusian exporters in the near future will be the task number 1 - thanks to the demand of the president to strengthen their presence on the Internet to enterprises supplying products to foreign markets. The state authorities constantly recommend exporting companies to pay attention to the possibilities of such an accessible tool as the Internet(Choshin, & Ghaffari, 2017).. BBQfun e-commerce distribution possibilities After online sales, the store should invest in deliveries such as vehicles and motor cycles. There warehouses should be in strategic positions so that people can get their shopped
OPERATIONAL MANAGEMENT items there. For BBQFun, the main types of virtual trading platforms are : site-showcases; electronic shops; electronic trading lines; trading Internet systems; auctions. Website- showcases are small shopping Web sites that are usually used by small businesses. The sales volume on such trading floors, as a rule, is insignificant. The main component of the site- showcase is the catalog (price list) with the description of the goods. The order of goods is carried out both in the traditional way (by phone, fax), and using e-mail. Electronic shops provide the organization of the entire cycle of commercial transactions necessary for electronic commerce(Doherty, & Wu, 2018).. As typical electronic store BBQFun operation, includes: - a virtual sales room containing a display case, a catalog, a description of the goods, an order registration system, information about the store, etc. - a server unit that provides store management; entering and removing information about the goods; configuration of the directory; setting prices and discounts on goods; monitoring the state of the warehouse and forming orders for its replenishment; maintenance of statistics, etc. - a database containing information about products, customers, orders. The main advantage of an electronic store is the emergence with its creation of the possibility of building fully-functional e-commerce systems that take into account the specifics of commercial processes at the enterprise. Rows - Web-sites, which host several electronic stores. For the convenience of customers, BBQFun stores and showcases can have integrated catalogs and a unified user interface(Fang,& Whinston, B. 2014). Trading Internet systems (TIS) are special electronic commerce systems that increase the efficiency of supply and marketing services of manufacturing enterprises, large trading companies, corporations, holdings. They differ from traditional electronic stores in that they are fully integrated with the system of trade automation and enterprise resource management, integrating into the already established business processes of enterprises. Inventory management and risks
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
OPERATIONAL MANAGEMENT Activities to plan, implement and control the physical movement of goods in time and space - from the places of their production to the places of consumption - carried out to meet the needs of customers and achieve the goals set by the company. The theoretical basis for this is logistics - the science of optimizing the movement of material and related information and financial flows in space and time from the source of their origin to the final consumer. The purpose of using logistics is to find the optimal balance between the level of service delivery of goods to the consumer and the necessary costs of human, material and information resources(Fidelis & Colmenero, 2018).. In marketing, the use of logistics is primarily associated with the research and optimization of all types of flows that accompany the physical movement of goods through selected distribution channels. The main reasons for optimization are as follows: - use of the shortest routes of goods movement - selection of the optimal form of goods movement (transit or warehouse) and wide application of their centralized delivery to the retail trade network BBQ fun e-commerce operational strategy The development of a competitive strategy implies a set of directions for the development of the enterprise. The development of the strategy is preceded by an analysis of the company's internal and external environment. Analysis of the internal environment showed that the company has certain opportunities for development, the potential for increasing production and sales. The analysis of the external environment showed that the market is not saturated, while it is at the growth stage, but the growth rate is already decreasing, and the sales volume is approaching the peak value(Garg, Kannan, Diabat, & Jha, 2015). The optimization of strategic management is critical to the formation of the company's competitive strategy. One of the ways to improve the strategic operational
OPERATIONAL MANAGEMENT management of BBQFun is the integration of a balanced system of indicators with strategic planning and the process of budget formation. Most enterprises use the budget as their main management system to determine goals, allocate resources, monitor and summarize. However, most companies argue that budgeting and analysis of results occur in isolation from the strategic operational planning process. In organizations where the budget is the main means of control, the attention of managers still shifts to short-term financial goals. Management engagement with employees and budgetary shifts There is a need to create a link between strategic planning and budgeting and the combination of these two concepts into a single system. As a given link, the most developed concept of a balanced scorecard should be used. For implementation of an E-commerce line, the company has to hire more and the budgetary and monetary values are as follows Additional Assets and staffCosts Additional Staff$ 400,000 Online staff, warehouse staff and delivery staff $ 480,000 Additional training$ 30,000 Delivery vehicles$ 200,000 Activity 2 Communicating effectively to Stakeholders BBQ fun is looking to start its operational e-commerce platform. The stakeholders are entiltled to know its abilities and effects. The stakeholders include; the employee, suppliers, customers and even government.
OPERATIONAL MANAGEMENT BBQfun seeks to find selection of rational storage conditions and appropriate vehicles, as well as their efficient use; - wide application of packaging and means of mechanization of loading and unloading and storage operations, - continuous improvement and optimization of the technological chain of commodity management to ensure timely and uninterrupted bringing goods to the consumer - in the required amount, a wide range of high quality, at the lowest cost of labor, material resources. The suppliers will be required to open an account on the e-commerce platforms and find their merchandise selling, when to collect their money and replenishment of their stocks. The customers will be required to open accounts for them to have customized platform for buying goods and services. Today, when strategy is the most important guarantee of the company's success, a balanced scorecard has become an innovative strategy management system. However, it must be tied to the old budget, in order to manage tactics. This is necessary precisely because the strategic planning and budgeting of operations are so different(Ge, Chu, Huber,Yates, J., & Yu, 2016). The number and variety of goals and objectives of management are so great that without a software approach to determining their composition cannot do any to an organization, regardless of its size, specialization, type, form of ownership. These tasks include the following: 1.Improve the company's operations. To perform this task, it is necessary to carry out the following activities: - increase in sales volumes, which will lead to increased efficiency of the company's operations and increase of financial indicators;
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
OPERATIONAL MANAGEMENT - organization of promotion in the market to increase demand and increase sales volumes; - the construction of new production units, which will lead to an increase in the share of the market occupied and the growth of profits. - increase in cash in the organization to accelerate - Rationing the level of raw materials in accordance with the turnover, which will lead to financial stability of the organization; - Increase in the turnover of current assets, which will lead to an increase in turnover, thereby ensuring the growth of profits; optimization of management costs. Customer Interaction System The BBQFun e-commerce platform supports functions such as sales, content management and catalog management, analysis, personalization and the ability to execute transactions. The main feature of the Customer Interaction System is an effective online branding and personalization for commercial sites and e-business applications. The software product is built in the Java language and contains the subsystems "Store", "Staging" and "Merchant", as well as integration interfaces. Subsystem "Sales" supports back-office functions, it contains databases of consumer transactions, trade and other business processes. Activity 3 Report to develop and implement strategies to achieve operational plan; organizational policies, practices and procedures Recruiting, inducting and developing personell
OPERATIONAL MANAGEMENT For purposes of the goal of the company, the management should hire qualified personnel who are used in delivery, online sales, brand influencing and online activities. Budgeting is more suited to solving operational tactical issues, and is not intended for strategic management in recruitment. The enterprise development strategy cannot be controlled in the short term. At the same time, the budgeting process in the organization is not interlinked with strategic objectives. As a result, a gap is created between strategic and operational management, which impedes the implementation of the company's strategic goals and hampers its long-term development(Gómez, Duque, M., Rivera, & García-Alcaraz, 2017). Acquiring physical assets The company should have an asset register for records of all their physical assets. BBQ fun should have all logbooks for cars and delivery vehicles they own, titl deed for land they have and any other legal documents needed to prove ownership of the company. Protecting intellectual properties The company should register all rights to their intellectual properties. It should register all the processes of acquiring and having the intellectual properties. When analyzing the management system of the company "BBQ Fun" LLC, an optimal strategy for further development of the company's work was determined. It consists in winning a larger market share by optimizing and expanding the range. Making variations, planning, monitoring and documenting performance This strategy is a strategy of the company's concentrated growth. The main goal for the company in achieving this strategy is to create conditions for competitiveness and management in the long term(Lacka, Chan, & Yip, 2014)..In the world, two schemes of
OPERATIONAL MANAGEMENT organizing e-commerce systems are common. The first - forms a business for the consumer, and the second is for business.(Hoberg, & Moon, 2017).. The environment of functioning of B2B-systems are electronic trading platforms. They include purchase and sale transactions between companies, applications for the purchase or sale of goods are being submitted, information is provided on events and quotations, marketing and financial services, there is a catalog of basic industry goods. Conclusion The Broad Vision Broad Vision platform has advanced transaction management and order processing capabilities. The order can be accepted by means of Internet means or by phone. Further, the order can be monitored at any level (monitoring in real time), and when the order is executed, the buyer can be notified by e-mail(Savrul, Incekara, & Sener, 2014). A multi-century world practice has led to the formation of various types of stores: The department store is a large retail trade enterprise with a universal assortment of food products, having specialized sections (departments). Supermarket (supermarket), minimarket, hypermarket, deli, shopping centers, convenience stores, low price stores, high price shops. In retailing, the following methods of selling goods are used: through the service counter, on samples, with an open layout, self-service.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
OPERATIONAL MANAGEMENT References Akter, S., & Wamba, S. F. (2016). Big data analytics in E-commerce: a systematic review and agenda for future research.Electronic Markets,26(2), 173-194. Bhattacharjee, S., Angevine, D., Majhi, S., & Smith, D. (2015, May). Permanent Mooring Reliability & Mooring Risk Management Plan (MRMP): A Practical Strategy to Manage Operational Risk. InOffshore Technology Conference. Offshore Technology Conference. Chen, J. E., Pan, S. L., & Ouyang, T. H. (2014). Routine reconfiguration in traditional companies’e-commerce strategy implementation: A trajectory perspective.Information & Management,51(2), 270-282. Choshin, M., & Ghaffari, A. (2017). An investigation of the impact of effective factors on the success of e-commerce in small-and medium-sized companies.Computers in Human Behavior,66, 67-74. Doherty, C., & Wu, E. (2018).U.S. Patent Application No. 10/063,937. Fang, F., Parameswaran, M., Zhao, X., & Whinston, A. B. (2014). An economic mechanism to manage operational security risks for inter-organizational information systems.Information Systems Frontiers,16(3), 399-416. Fidelis, R., & Colmenero, J. C. (2018). Evaluating the performance of recycling cooperatives in their operational activities in the recycling chain.Resources, Conservation and Recycling,130, 152-163.
OPERATIONAL MANAGEMENT Garg, K., Kannan, D., Diabat, A., & Jha, P. C. (2015). A multi-criteria optimization approach to manage environmental issues in closed loop supply chain network design.Journal of Cleaner Production,100, 297-314. Ge, Z., Chu, J., Huber, R., Ji, P., Yates, J., & Yu, Y. C. (2016).U.S. Patent No. 9,401,924. Washington, DC: U.S. Patent and Trademark Office. Gómez, J. C. O., Duque, D. F. M., Rivera, L., & García-Alcaraz, J. L. (2017). Decision support system for operational risk management in supply chain with 3PL providers. InCurrent trends on knowledge-based systems(pp. 205-222). Springer, Cham. Hoberg, G., & Moon, S. K. (2017). Offshore activities and financial vs operational hedging.Journal of Financial Economics,125(2), 217-244. Lacka, E., Chan, H., & Yip, N. (2014). Facilitating e-commerce operations improvement: guidance for reducing the effect of cultural indicators on consumers attitudes towards e-commerce acceptance. InThe Eighteenth International Working Seminar on Production Economics. Savrul, M., Incekara, A., & Sener, S. (2014). The potential of e-commerce for SMEs in a globalizing business environment.Procedia-Social and Behavioral Sciences,150, 35- 45.