Centennial College - OMGT 709: Integrated Logistics Business Report
VerifiedAdded on 2022/08/12
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Report
AI Summary
This report addresses two key challenges faced by TFT, a business operating with multiple selling channels including retail stores, commercial customers, and an online platform. The first challenge focuses on mitigating backorders caused by forecast accuracy issues and inventory discrepancies across the different channels. The report suggests real-time data collection on stock levels and item velocity, along with keeping the order channels updated, as key strategies to solve the backorder issues. The second challenge involves optimizing the growing e-commerce business and reducing pressure on local outlets. The report suggests employing an integrated e-commerce model and outlines essential steps for this model, including website development, inventory management, and marketing strategies. The report provides valuable insights into inventory systems and e-commerce models to enhance business performance and customer service.
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