13627After reading Chapter 4 reading(attached), reflect away from the text, and then write fully in your own words, integrating course concepts with your own real-world experiences to demonstrate university-level knowledge. Use three headers total, one per main prompt below. Do not list the questions; use headers...
13623Respond or elaborate on the response below: One of the most underrated strategic efforts that many companies have overlooked is retention of consumers. Many companies will plan their strategic marketing objects around gaining new customers to temporally increase their market share. However, it can be more...
13622Respond or elaborate on the response below: Customer Lifetime Value (CLV) is basically the concept of discounted cash flow applied to customers. It estimates how much net profit a customer will generate over time, taking into account the time value of money. The full formula is: CLV =...
13616Respond or elaborate on the response below: Stock-out to a business can have multiple meanings based on perspective, however it always means there is a material shortage and no inventory of a particular item. A stock-out where I work would be out of stock for an...
13615Respond or elaborate on the response below: From a business perspective, having items “out of stock” means that at the point of sale, the product cannot be sold because the asset is unavailable. This issue can arise for several reasons, often due to an imbalance between...
13605Respond or elaborate on the response below: Given the increasing competitive and commoditized nature of logistics, customer service strategy could be an important path for companies to use as a strategic tool to distinguish themselves from others. The main reason that can convince you to opt...
13604Respond or elaborate on the response below: Customer Service in Logistics The main benefit of choosing service as a logistics strategy is that it helps build a strong and loyal connection between companies and their customers. When customers service is well-managed, it can make customers more...
13603Logistics and Customer Value One calculation that connects to an organization’s perspective on customer value is the metric of lifetime value. This discussion focuses on lifetime value to help you gain a deeper understanding of this important metric. Please answer the following: How is the metric of lifetime...
13600After reading Chapter 4 reading(attached), reflect away from the text, and then write fully in your own words, integrating course concepts with your own real-world experiences to demonstrate university-level knowledge. Use three headers total, one per main prompt below. Do not list the questions; use headers...
13599The connection between logistics and customer value is not always clear. Part of the problem is that the term value means different things to different people; it is somewhat subjective even when it can be calculated objectively, as there are factors of judgment involved. This assignment...