BP161 Enterprise level spend analysis Spend analysis involved collection of data across procures to pay process in an enterprise and slicing and dicing these data into useful information. It is used for supplier negotiation future saving forecasting working capital and cash management activities. The various software available in the industry include: SAAS, ARIBA, SAP-SRM, Oracle-Supply chain. Enterprise Level Spend Analysis aims at enhancing visibility of the spends in an organization and provides high value input for operational and strategic decisions. Aberdeen group, 2012 says that spend data management has emerged as one of the leading strategies enterprises will use to drive continuous improvements in supply management.
Online education has improved the level of education in various countries. Education today has become available to everyone who owns a gadget and has access to the internet. It is a low-cost method of learning and at the same time has created interest among the learners. Participation in online education is increasing day by day. Online education is the future of the world and can increase the rate of development.
As a result, this strategy allows the company to achieve the faster transactions and lower communication costs. According to the current trend, the FexEX and UPS creates the partnership with the largest Internet retailers (Wal-mart, Amazon.com, Macy’s, and many more), which allows the FedEx and UPS to expand their overall delivery volume. These companies improve their tracking system by implementing several technological innovations. Such as, laser scanner, art software programs, cell phone communication equipment, barcode systems, electronic information interchanges, and the internet. The FedEx purchasing department is evaluating the supplies, which support the operations department.
It is cost-efficient by means of saving money, time, and effort to reach many audiences. It can also increase sales and profits since online advertisements attracts more customers. From one’s point of view, the author’s scholarly article is agreeable. In contemporary times, social media has become an essential resource for companies trying to market their product or service. With the speed of social media advertisements and its availability to many people, it is considerably one of the most effective ways of marketing.
It has become an important part of the overall strategy for any company to direct marketing. It is fast and easy to learn . It improves communication ways in all sectors and provide a good quality of pictures, video and audio. Otherwise it is costly, not easy to configure sometimes, requires mastery, require a special software and application, time consuming and distracting. New ideas recently presented in multiple media and is one of the most important developments in the field of Commerce, marketing, promotion, and build bridges of trust between the client and the company.
If a company wants to build strong brands and enhance existing ones, good brand architecture can be of help. Another key task in brand management is creating the right perceptions about the brand in the minds of people. In today’s world, where a customer has hundreds of options to choose from, it is highly critical for a company to develop loyal customers and retain this loyalty in order to survive in the emerging markets. Companies can understand how they can infuse specific core features of their product into their brand architecture and move towards a sustainable brand image, which further strengthens the brand positioning also10. According to Kapferer (2008), in a market in which products are similar, it is important to create perceptible brand differentiations.
Today, a lot of people need the information from the internet because it is the easiest and fastest way to find information. Another benefits of the internet is making profit online. People take advantage of the internet as their source of income. And the most commonly used benefits of the internet is socializing. The internet helps us make a lot of things easier.
Facebook Page This method is considered as the most effective media campaign.We are now living in the modern world and surfing to the internet is one of the easiest ways to have quick access. The proponents will be using free website in order to reach wider range of possible customers. This will be of great help for them to know the concept behind BMI Chocomote. It will also provide good communication relationship in ways that, we will be giving information and they will be giving comments and suggestions for product improvements and other concerns. 3.
The transition from offline marketing techniques to online based capabilities is a natural progression based on the rapidly expanding online market and technological advances in e-commerce (Manzoor, 2017). Both consumers and retailers benefit from this ability. Consumers have the ability to shop for a relatively unlimited selection of products and services at relatively stable and reliable pricing, while retailers can showcase products and services, make rapid changes to offerings, and provide customizable shopping experiences to consumers (Manzoor, 2017). While these capabilities greatly enhance the online shopping experience, there are several advantages and disadvantages to e-commerce marketing. There are several advantages to e-commerce marketing.
Internet as an advertising medium is versatile and this is it where it stands apart from the conventional advertising medium. It is a highly flexible medium that allows you to make changes during the course of the campaign as and when required without incurring much additional cost. This makes internet all the more important in a country like India where the business scenario is highly dynamic and changes with each passing day. Digital marketing media allows the user to make changes as and when required to meet the latest demands of the market. The main strength of internet as an advertising medium is its ability to reach out to a vast audience at one goes.