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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Certain perceptions, despite upcoming/ongoing developments regarding humanity's cultures as a whole, currently (and will) remain intact for the forseeable future. While not widely touched on outside o...

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Week 5 Assignment 1

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Week 6 DQ 6 _Principles of Retailing

Week 6 DQ 6 _Principles of Retailing

Q 6-1 Discussion: Merchandise Assortment After viewing the video Hacking the Supply Chain, apply some of the concepts Pete Russell describes regarding merchandise planning as they relate to a specific retailer that you have recently visited. Thoughtfully respond to the following questions: What store did you visit? What types of merchandise are sold there? What types of merchandise planning can you identify? What external factors could potentially hinder this retailer’s progress? What are your thoughts about the overall effectiveness of the retailer’s strategy?

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Pete Russell’s video “Hacking the supply chain” was entertaining as well as enlightening. He shows that how the supply chain can be tweaked to help the local producers get more profit of the goods they are producing. His description of the model is beneficial to the producers as well as the customers. The growers here are getting about half of the retail value and the customer does also not have to pay more money.