E-Business and Opportunities Report: Woolworths Case Study Analysis

Verified

Added on  2020/03/23

|5
|813
|47
Report
AI Summary
This report examines the shift of retail stores towards online business models, emphasizing the adoption of new technologies and ERP systems for effective online operations. The analysis focuses on the Woolworths Company, highlighting its complex business structure and implementation of cyber computing systems to automate value chain activities. The report assesses the benefits of embracing digital processing, such as cost reduction, increased efficiency, and improved customer satisfaction through online dashboards. It also underscores the importance of an IT division for enhancing overall business productivity. The report concludes that businesses should leverage cyber computing systems to optimize their operations and adapt to changing market conditions, offering valuable insights into e-business opportunities in the retail sector. The report also references multiple sources to support the analysis.
Document Page
E- Business and opportunities 1
Name of the student-
Topic: E- Business and opportunities
University Name-
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
E- Business and opportunities 2
This report shows that retails stores have been adjusting towards new online innovations
business for the duration of the time. Retail stores needs to adopt new advances framework,
online retails stores in its business functioning to make effective business on online. Retails
stores needs to deal with their business adequately by utilizing appropriate level of ERP
framework and online business viably. It is assessed that if organization could implement cyber
computing system in its business working then it could without much of problems ease its
business process effectively. There are several benefits such as establishment of automation in
business, reducing overall cost of capital, and increase the efficiency of business. There are
several retail stores which have adopted cyber computing enterprises resources planning that
have embraced digital figuring undertakings assets arranging in their business working to build
up computerization. In this report, Woolworth Company has been taken evaluate the fate of
online retail stores of business Woolworth has more than 1, 20,000 employees and has complex
business functioning. Woolworth Company has complex business structure and adopted cyber
computing system in its business working to facilitate its esteem chain exercises. It has operation
to take products and ventures from merchants and supply it's to distribution centers and
customers. It is assessed that Woolworths has made automation in its business value chain
activities. For instance, setting orders with sellers, settling customer grievances and issues and
increment the adequacy of business (Choi, Chow and Liu, 2013). It is viewed as that with the
changing business conditions, customers have more slope towards organizations that have
embraced recently creative advancements in their business working. In the event that retail
locations receive digital processing endeavors assets arranging in their business then it will
enable customers to surf on the web and increment their satisfaction fulfillment. Retails stores
with the help of cyber computing dashboards could likewise limit the time and cost associated
Document Page
E- Business and opportunities 3
with window shopping (Zhu and Lin, 2015). Woolworths has created online dashboard by
embracing digital processing ventures assets arranging in its business working so customers
could see a great many items just by pressing one button (Hübner, Wollenburg and Holzapfel,
2016). This level of business working will widen the customer’s decisions and effectiveness of
industry. Woolworths will could use this cyber computing system to strengthen its business
functioning and resolve customer’s grievances in simple and decided approach (Zhu and Lin,
2015). However, company additionally needs to employ IT division which will build the general
profitability and proficiency of business. There are a few advantages which Woolworths will
consider for the duration of the time in the wake of taking its business online, for example,
expanding business, diminished cost of capital and mechanization in business (Choudhuri, 2014).
The significant prerequisite of embracing on the web business is identified with the
manageability of retails stores. Customers in the market would be more incline toward buying
merchandise and services just by surfing on net. (Vlachos, 2014). The online business of retail
locations will enable organization to grasp local market share as well as universal piece of the
overall industry. Now in the end, it could be inferred that every last business should make
successful utilization of these assets in decided approach by adopting cyber computing system.
Document Page
E- Business and opportunities 4
References
Choi, T.M., Chow, P.S. and Liu, S.C., 2013. Implementation of fashion ERP systems in China:
Case study of a fashion brand, review and future challenges. International Journal of
Production Economics, 146(1), pp.70-81.
Choudhuri, P.S., 2014. Scope of E-business opportunity in life insurance sector: A study on life
insurance corporation of India. South Asian Journal of Marketing & Management
Research, 4(3), pp.95-106.
Hübner, A., Wollenburg, J. and Holzapfel, A., 2016. Retail logistics in the transition from multi-
channel to omni-channel. International Journal of Physical Distribution & Logistics
Management, 46(6/7), pp.562-583.
Strauss, J. (2016). E-marketing. Routledge.
Vlachos, I. P. 2014. A hierarchical model of the impact of RFID practices on retail supply chain
performance. Expert Systems with Applications, 41(1), 5-15.
Zhu, Z. and Lin, S. F. 2015. Entrepreneurial Perceptions and E-business Opportunity Discovery:
Evidence from China.
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
E- Business and opportunities 5
chevron_up_icon
1 out of 5
circle_padding
hide_on_mobile
zoom_out_icon
[object Object]