Assignment 1 Supply Chain Strategy & Operations | Management

Home Recent Questions Assignment 1 Supply Chain Strategy & Operations | Management

Many students are pursuing their careers in business, thus, it is very important for them to know about the market structure as well. Reading this question, the students get to know about different marketing methods that can be adopted by them to conduct a market research.

Task title             

Content and Purpose

1.Market outlook, market channels and trends in hair care products

Research Mintel, statistics uk (or/and other resources) to identify and report on the market outlook (market size, growth predictions, customer segments and customer behaviour), market channels (here speak about competition as well) and trends (what is predicted to happen in the future)

2.Create the file to procure the hair care product: Argan oil 30ml from two countries

Brief description of the product you have decided (bio or non bio), size, packaging, price justifying each factor Decide on the Incoterm best for you Decide the 2 countries you will buy from – Justify! (This means you need to do some  research…on this too)

3. Research the best supplier, port of origin and shipping line for each product

Research a few suppliers online that match the criteria you have set and choose one. Create the supplier’s file: brand name, price, quality awards and why you have chosen this supplier  Then, choose which port will be better to send your products from and then research and choose the logistics company, best to work with. Justify!! (cost, services) Do this for the 2 countries of your choice

4. List the customs regulations

For both countries of your choice and put in the appendices the export documentation needed

5. Prepare your Risk Management Plan

What can go wrong from Start to finish and list what will be put in place:

1. To mitigate the risk

2. How to act if the risk surfaces

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