Zero Cost Proposals for Woolworths

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Analytics in practice
[Type the document subtitle]
3/24/2020
student name

Kavan Pandya 19196804 Analytics in practice assignment 0
1
Contents
Introduction................................................................................................................................2
Proposal......................................................................................................................................2
Cost related strategies through proposal................................................................................4
Conclusion..................................................................................................................................5
References..................................................................................................................................6

Kavan Pandya 19196804 Analytics in practice assignment 0
2
Introduction
Retail industry has reflected various challenges and changes within the environment
which reflects change for strategies for the companies that have been working as brick and
mortar supermarkets. Woolworth is one of the popular Australian supermarket chains that
have been working since 1924, headquartered in Bella Vista. In retail industry role of
employees in the organisation is very high as the competition has increased considering
services instead of product oriented. Moreover, technological advancement in order to
compete in the industry has also increased which eventually reflect increase in investment by
the companies. The cost increase would not only affect the revenue of the company but also
impact profit margins for the company in the long run. The report will include zero cost
proposals for Woolworths, which will not only minimise the cost but also help making
current business model of Woolworth more efficient (woolworthsgroup, 2018).
Proposal
The proposed “Zero Cost Project” includes Omni channel distribution strategy for the
company. One of the best ways to decrease the cost and increase the efficiency of the stores is
integration of various distribution methods by the company. For instance the proposed option
for Woolworths includes integration of online and offline services. The company have been
serving through online portal as well as off-line brick and mortar stores purchase. The
proposal to reflect that the company must integrate the two systems to make it more efficient
that is to take orders online and provide delivery services through the nearest store for the
customers. Considering the two distribution channel that is online services and off-line stores
have their own pros and cons which could be considered as the strategy for the company to