Product Requirements


0
•Applying Pareto’s principle, firm’s 20%   of all products marketed account for more than 80% of total profits.
•Offer high availability and consistent delivery on more profitable products, though sometimes high –level support of less profitable items becomes necessary to provide full-line service to core customers.
•Not advisable to provide high service performance on less profitable products purchased by non core customers.
•Thus, it may be desirable to hold slow-moving or low profit items at a central distribution warehouse whereas core customers may be served by fast, reliable air services.
•Orders to fringe customers may be delivered by less expensive ground transportation.

Like it? Share with your friends!

0
BMS Team

We, at BMS.co.in, believe in sharing knowledge and giving quality information to our BMS students. We are here to provide and update you with every details required by you BMSites! If you want to join us, please mail to [email protected].

16 Comments

Facebook comments: