This presentation discusses sales planning and operations in Next plc, a retail organization. It covers strategies such as pricing, marketing, targeting, distribution, and promotion for introducing new products.
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SALES PLANNING AND OPERATIONS
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INTRODUCTION Next plc is a retail organization which provides clothing, food and household products. When a product is developed strategies like pricing, marketing, targeting,distribution,etc.onlythenfirmwillbeableto introduce product effectively and goals set can be achieved. Next plc is a well known organization and has a brand image. This firm is well known for its quality of products which and services.
Sales promotion for new product Pricing strategy: There are different strategies which can be adopted by the Next plc to attract customers. Itincludesstrategieslikeskimming,marketpenetration, psychological, etc. organization should make use of market penetration pricing strategy.
Continued... Marketing strategy: Marketing means to convey information related to the product and services to customers. There are many tools related like television, radio, newspaper, etc. will be used. Social sites like Facebook, Twitter, YouTube, etc. will be used.
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Continued... Targeting strategy: Targeting is done in order to develop systematic strategiesthroughwhichtheywillbeableto develop path in achieving the goals and objectives.
Continued... Distribution strategy: There are mainly two types of methods which are used in the distribution of products and it includes selective and exclusive distributions. Cited firm will make use of selective distribution. All the store of Next plc will be selected in which the new products will be sold.
Continued... Promotional strategy: Promotion is very important for the firm as it help to develop brand image and understanding about the product and services which are provided by the firm. Discount offers will be provided in which products will be sold to customers at lower prices. Additional gifts will also be provided which will help to attract customers. Brand ambassadors which made who will promote the product.
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CONCLUSION From the above analysis, it can be stated that organization need to conduct proper market research so that they understand ther customers needs and requirement. Accordingly, strategies should be adopted which will help to attract customers and in achieving the organizational goals and objectives.
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