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Case Study: Runxin's Legal Environment

715 Words3 Pages

6.1 Inventory Due to large number of products sold by Runxin, it is extremely difficult to monitor and manage quantity of all products all the time. It is a tough job that even large and matured retail companies such as Wal-Mart cannot make sure quantity of all products are completely the same as that shown on their computer screens due to the facts such as stealing and loss by accident. What the company can do is to improve the correctness of inventory record. As mentioned that all technical equipment is connected online, sales amount of each product is recorded by the computer (POS system) controlled by cashiers, while scanner guns are used by procurement department every time of replenishing stocks, therefore, three terminal devices in managers’ offices can show clearly …show more content…

For instance, soft drinks are supplied every 3 days in summer but once a week during winter. Runxin never pays delivery fees even it requires more frequent replenishment. Most distributors are flexible for requesting urgent supply in several hours, offering large convenience for Runxin’s operation. Additonally, some suppliers prefer to pay a little money for requesting shelves with better place condition to boost sales amount (See Appendix R). 6.3 Legal Environment Runxin Mart, Changshu, is currently registered as a sole proprietorship enterprise with business license registration number 320581000222964 and unified social credit code 913205815546514118. The company is allowed by the local government to sell all types of groceries (See Appendix S). Also, the company applies to all relevant Health and Safety legislations, including all following subsections, namely fire and explosion protection, work environment, pollution, secure electric installations, health and environment, large accidents and etc. The company has insurance for the whole supermarket, staff room as well as all apartments rented for some

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