Back ground
An important risk for the supply chain of mass customized products is failure in transmission of ideas between producer and buyer. If dealer or middle man fails to read the customer mind and improper idea is transferred to the producer, than the final product received to the customer would be different from his thoughts. To understand these relations more clearlywe will see the role of sales process in customer satisfaction, secondly, we will see how mass customization impacts sales process and how this relation impacts customer satisfaction, all these relations would also be analyzed with reference to automobile industry.
Sales process and customer satisfaction
Producer to buyer interaction is one of the major concerns of the
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It is seen that sometime high level of options offered to customer may confuse him instead of increasing his satisfaction; it may also lead to a production of the product which was in actual not desired by the customer [11]. Since large number of quantity may leads to customer confusion, it is thus very much needed that sales process should me made so much easy and understandable that it don’t let customer to design something that is not appropriate or it should not let the customer to get confuse from the variety offered. Though, it is observed that high number of varieties offered for the customization makes the customer dealing process more complex, as the number of offered options for customization increase the “build up” process for customer becomes more complicated as the choice to get the best one becomes more difficult for the customer. This analysis makes the dealership process more prominent, it is thus important that sales process should be modified according to the needs of customization; it should be made as simpler as possible. So, mass customization puts lot of responsibility on dealer to simplify things. Furthermore, many factors in the sales process like higher delivery time, improper dealing, poor guidance about the options …show more content…
Mass customization demands sales process to be simplified and modified according to its needs, satisfaction from the sales process is very much required for mass customization. In the case of automobile industry it is also important to see that are leading companies able to satisfy their customers with the sales process under mass customization, we cannot find in literature any study that analyze that are automobile companies able to achieve success in modification of the sales process according to mass customization needs or not. This study will address this
While many in the industry are surprised to see that the nightmare scenario they anticipated has not occurred, some significant issues have emerged. Some of these issues including: long wait times for billers, lack of customer service personnel training, a
111). The main reason why this is one of my favorite aspects of this book is that it encourages “reasonable down-selling” (Spoelestra, 1997, p. 112). I think that too often salespeople try to only upsell customers, and that can end in a bad experience for the customer, or not sale for the organization at all. I believe that if all salespeople abide by this rule, then organizations will be more successful, as customers will actually be purchasing something they actually want and will enjoy, which increases the chance that they will be a repeat
The company uses the Six Sigma framework. Alaska Air’s Success story is that with the use of Lean Six Sigma at the end of the first year they were able to achieve a 20 minutes wait for baggage compared to the original 45 minutes wait. Second, the rate of missing bags and flight cancellation decreased. Third, they became the number 1 on time airline in the United States (2012) and consistent rated in being in the top 3 three years later. Today, they have the lowest complaint rate (0.5 per 100,000 passengers).
Moreover, C being the least price sensitive, it would be the most willing segment to pay the premium for the superior product performance. At the beginning of the simulation, Minnesota Micromotors’s market share for this segment was just 4% - there was a huge potential for growth. Moreover, Segment C consistently had the highest gross margin per unit ($58.36 for 2012 Q3) which indicated that Segment C could be the most profit generating customers for Minnesota Micromotors. Improved efficiency in my sales salesforce and effective marketing communications were very critical in communicating Minnesota Micromotors motors’ value to customers, and formed the key differentiators in managing Minnesota Micromotors’s dual sales force and distribution channels – hence I planned to invest adequately in the “Integrated marketing communication and training” in every quarter. Also, having the market ‘intel’ and customer feedback were ever critical to make any changes to pricing, budget and sales force allocation – hence I always invested on Market
Being able to encompass all conflict management styles allows them to gain trust from clientele, and subsequently build strong relationships. The disadvantages to these approaches reflect negatively on the company. “Always putting the customer first can backfire on the company in major ways” (Importance of Conflict Management, n.d.). Allowing customer to return items with out proper documentation leaves the company vulnerable to lost of revenue and
The variety and assortment of products in today’s world is growing heavily making consumer decisions harder and harder. Thus, the need of in-store visual merchandising be-comes relevant as never before. The more choices consumers are faced with, the more time they tend to spend while making purchasing decision, and visual merchandising may help to facilitate those choices. This reflection paper is aimed at drawing understanding on how visual merchandising influence consumer behaviour and how it stimulates the purchase de-cision.
The term “fitting in” holds different meanings to different people. To some people, to “fit in” means to feel comfortable in a particular group of friends. To some people, to “fit in” means to feel that you belong, or to be like others. To some people, “fitting in” may even mean nothing.
SPORT OBERMEYER, Ltd. EMBA – SEPT 15 – ENG-BL – S2 TEAM A 1. Using the sample data given in Exhibit 10, make a recommendation for how many units of each style Wally Obermeyer should order during the initial phase of production. Assume that all ten styles in the sample problem are made in Hong Kong, and that Obermeyer 's initial production commitment must be at least 10,000 units. (Ignore price differences among styles in your initial analysis.)
Discussion: Sales are the most dominating factor for any organization. In any circumstances, sales will always
Here, Porsche is a unique company for producing card for a small and distinctive segment of automobile buyers. The company follows niche branding strategy. Therefore customer can ignore the first three stages of buying process and can give importance on 4th and 5th stages i.e. Purchase Decision and Post-purchase decision. 2. Contrast the traditional Porsche customer decision process to the decision process for a Cayenne or a Panamera customer.
(Jacoby, 1971; Jarvis & Wilcox, 1976). Dick and Basu (1994) propose that customer will be loyalty to the brand is the result of psychological processes and has behavioral manifestations. Therefore it should incorporate both attitudinal and behavioral. Satisfaction is recognized as an important element for loyalty in both the consumers and business marketing. Satisfaction with previous purchase experiences plays an important role in determining the future purchase behaviors particularly call as an effort-minimization strategy (Jones and Suh, 2000: Pritchard et al, 1999).
Customer satisfaction is at the core of their actions in every step of their supply chain. The company offers different products in their stores, letting the customers decide whether to consume them
Every business industry nowadays, whether they are aware of it or not, depends on business strategies that they implement in order to achieve high growth potential. Some businesses, however, tend to forget the importance of maintaining effective sales strategies, therefore, they experience a decrease in sales causing their business to eventually experience some financial difficulties. Gluck (n.d.) describes sales strategy as a plan that allows companies to position their brand or product in order to gain a competitive advantage. Successful sales strategy should create a need by convincing a potential customer that the good is presented to them can solve their problems. This has to be created as a “planned approach to account-management policy
ECONOMICS ASSIGNMENT CLASSIFICATION OF MARKETS AND ITS PRACTICAL IMPORTANCE SUBMITTED BY, REVIN FRANCIS NO-b1488 MBA-A MARKET STRUCTURE Market structure is defined by economists as the characteristics of the market. It can be organizational characteristics or competitive characteristics or any other features that can best describe a goods and services market. The major characteristics that economist have focused on in describing the market structures are the nature of competition and the mode of pricing in that market. Market structures can also be described as the number of firms in the market that produce identical goods and services. The market structure has great influence on the behaviour of individuals firms in the market.
Product design can fulfil the demands of the customers and they are willing visit the same company again in the future. Referencing to the words of Vonderembse (n.d.),