Fast Fit Case Study
Fast Fit Case Study
* Mark the main flows of goods and money in the diagram (above) and employ a key or table of descriptive elements to explain your answer.
Key Symbol | Explanation | | The supplier gives the FastFit Warehouse the goods that the company needs. The excess is then stored as inventory. | | The double-sided arrow explains the communication between the headquarter and the warehouse in that the warehouse has to let the headquarters know how many goods are in storage, how much is needed, and by when. | | The warehouse sends the packaged goods to the stores | | Once the goods are in the stores, the customer then chooses the good, purchases it, and takes it home. | | In exchange for the goods that the store has provided the customer, the customer gives money for the goods to the store. | | * The store sends the money that has been received and what was purchased in return from what store. * Information about what goods are popular and what goods are left on the shelf for a long time. | | * From the headquarters, FastFit sends information to the suppliers that they need more goods, as communication. * Also, the headquarters pays the suppliers for the goods that they received | | The headquarters send rules and regulations as to how they want the store to display certain items and the employers. | | The store sends the money and information about what is needed in stores, through the IT system, to the warehouse. | | The supplier sends the headquarters all the information about what they have shipped to the warehouses and how much money it is owed. |
Warehouse
Store
HQ
Customer
Supplier
Warehouse
Store
HQ
Customer
Supplier
* a) List the specific items of information that are usually gathered at the POS (Point of Sale terminal or cash register) and recorded when a customer checks out (excluding obtaining the identity of the customer which is covered in Q3)? b) What are three
* Mark the main flows of goods and money in the diagram (above) and employ a key or table of descriptive elements to explain your answer.
Key Symbol | Explanation | | The supplier gives the FastFit Warehouse the goods that the company needs. The excess is then stored as inventory. | | The double-sided arrow explains the communication between the headquarter and the warehouse in that the warehouse has to let the headquarters know how many goods are in storage, how much is needed, and by when. | | The warehouse sends the packaged goods to the stores | | Once the goods are in the stores, the customer then chooses the good, purchases it, and takes it home. | | In exchange for the goods that the store has provided the customer, the customer gives money for the goods to the store. | | * The store sends the money that has been received and what was purchased in return from what store. * Information about what goods are popular and what goods are left on the shelf for a long time. | | * From the headquarters, FastFit sends information to the suppliers that they need more goods, as communication. * Also, the headquarters pays the suppliers for the goods that they received | | The headquarters send rules and regulations as to how they want the store to display certain items and the employers. | | The store sends the money and information about what is needed in stores, through the IT system, to the warehouse. | | The supplier sends the headquarters all the information about what they have shipped to the warehouses and how much money it is owed. |
Warehouse
Store
HQ
Customer
Supplier
Warehouse
Store
HQ
Customer
Supplier
* a) List the specific items of information that are usually gathered at the POS (Point of Sale terminal or cash register) and recorded when a customer checks out (excluding obtaining the identity of the customer which is covered in Q3)? b) What are three