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Create a list of stakeholders that should be considered in a stakeholder analysis of the project below: " A major retail sore spent $24 million dollars on a large private satellite communication system that provides state-of-the-art voice, data, and video transmission between stores and regional head quarters. When an item gets sold, the scanner software updates the inventory system in real time. As a result, store transactions are passed on to regional and national headquarters instantly, which keeps inventory records up to date. One of the store's major competitors has a older system in which transcations are uploaded at the end of a business day. The first company feels that its method of instant communication and feedback allows it to react more quickly to changes in the market, giving the company a competitive advantage. For example, if an early winter snowstorm causes stores across the upper Midwest to start selling high-end snow throwers quite quickly, the company's nearest warehouse can prepare next-day shipments to maintain a good inventory balance, while the competitor may not move quite as quickly and thus lose out on such quick inventory turnover.

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M92209972

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