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Operations Forecasting
My selected business is Red Wing Shoe Company for manufacturing shoes in the U.S.
and U.K. but operates worldwide. The major stores are found in the United States and the United
Kingdom, with other stores distributed in other foreign countries. This paper looks at one of the
service Systems Company uses to process the shoe payment, track cash in and out, monitor the
inventory, and monitor the day-to-day activities associated with the shoe store's business
operation. The point of sale (POS) is a critically important system used to the cash flow at each
company's shop outlet. According to King (2020), a Point of Sale System is a software program
that processes transactions and, in return, produces a report of the transaction. For any company
to keep track of the business transactions and manage the company tabs, there is a need for such
a company to use a POS system to achieve this. POS systems are user-friendly and can monitor
instance, Toast as a service system offers the experience as far as the POS system is concerned.
Basing on the website software advice, Toast is the best in the POS, and therefore it is ranked the
top systems to be used in POS. Additionally, when choosing a POS system for a company, one
must be keen on making a selection that will make selling as fast and effective as possible
(Manan & Ridzwian, 2019). The POS is considered the brain of the operations in a business. For
instance, a company may want to effectively and efficiently serve their customers faster to avoid
crowding at the point of making payments. Toast system ensures customers are served at a
considerate speed to give room for the next customer to access the payment method.
Furthermore, Toast systems have proven to be reliable and also is easy to learn how it
operates. Using Toast systems as the POS software system creates a sense of great experience in
both the customers and the one operating it. As it was known, customers feel good when they
experience greatness when shopping. Efficient and fast serving creates the best experience
among the customers and hence tend to become repetitive customers. This incredible experience
can help the company to win customers' loyalty. Sometimes, it is not all about the brand quality
and the company's quality of services. Such a customer experience leaves the customer satisfied.
Generally, whatever has merits must also have demerits, although they might not be in
the same proportion. It will a lie to say that the Toast system is a hundred percent perfect.
Therefore the decision is based on what will best work for your company to achieve its
operational objectives. According to the Finances Online website, the more vital details on the
advantages and disadvantages are pinned down. Toast provides a wide range of services that
includes customer transactions, supports digital and gift card programs, and monitors employees.
It has a feature that allows the preparation of schedules and tracking team members' time (Baker,
2020). Although ToastToast has all the features mentioned above, sometimes the systems
experience lag, mostly when input is high volume. Baker (2020) asserted that the system could
be accessed remotely either via a phone or a laptop. From this, it can be concluded that the Toast
system software is compatible with Android gadgets. Toast system's user interface is not
appealing since it lacks a modern or sleek compared to other POS software. The merits of
ToastToast supersedes its demerits. Selection can be made based on the merits and demerits of
markets. The company deals in the designing, production, and marketing of footwear. The
company's products are either sold at their retail shops or via online sales and uncountable
distributors. The company produces a wide range of footwear. These include shoes designed for
different climatic conditions, weather, and activities. For instance, they produce footwear for
football, golf, outdoor activities, wrestling, athletic, and cheerleading, among many more.
However, the company specializes in purpose-built footwear, mainly work and outdoor footwear
products.
The primary business operation taking place at the company is the marketing of the
product developed. The company had been manufacturing outdoor footwear since 1905. Its two
factories are located in Minnesota and Missouri. As earlier mentioned, its product is sold on a
global scale. In 2008, the company implemented a sales and operation process. The
There are three essential frameworks in the supply chain; SC structure, SC business
processes, and SC management. Also, there are three essential structures; members of the SC in,
the network's structural dimension, and type processes links. The SC’s primary members are the
business unit that deals with value-addition, including the company's operational and or
managerial unit. This unit is fundamental, so the Red Wings company decided to hire a person to
occupy its operational unit. These units are designed to produce output based on the customer-
specific taste and preference. Also, supporting members hold a superior position in the supply
chain. These support members supply the company with resources, knowledge, utilities, or the
supply chain's primary members' necessary assets. When discussing the supply chain's structural
dimension, more focus is placed on evaluating and managing the SC. The structural dimension of
the SC can either be horizontal or vertical. Horizontal SC structure implies the number of tiers
On the other hand, the SC's vertical structure implies either the number of customers or
suppliers within each tier. Notably, any variation in the structure and composition of the SC
structure impacts the supply chain. Therefore, on this basis, there is a need for a company to do
an in-depth analysis before attempting a single change or modification on the supply chain.
To successfully modify supply chain management, there is a need to carefully handle all
the individual processes and functions in the supply chain by integrating the board's activities.
Research results indicate that there are eight SC processes. These SC processes include customer
product development and commercialization, and returns. Successful interactions between the
eight SC processes result in the company's successes. The company will be able to achieve the
Sourcing Strategy
profit or not. There is a need for the company to get more insights on design, distribution,
marketing, and, most importantly, sourcing raw materials (Hugos, 2018). Red Wing Company
should adopt the archetype of global sourcing strategy. This is the best-known sourcing strategy
since it ensures high profitability. There is a need to source a commodity chain that provides the
best tactical and geographical mobility that ensures the company's products sell faster.
Inventory Strategy
This strategy ensures that the company generates high profits while at the same time
minimizing the inventory throughout the supply chain (Christopher, 2016). This strategy sets out
understanding of the existing issues and therefore devise solutions that are sure to work and not
mess the whole thing up. As earlier mentioned, the supply chain is interconnected to many
entities, and a disruption in one of the entities impacts the whole process. It is critically important
to identify how connection and integration should keep the supply chain on the run. Supply chain
management aims to create the highest possible value. The product supply should be ensured to
be in line with a good supply chain for the company to witness increased sales.
References
Lambert, D. M., & Enz, M. G. (2017). Issues in supply chain management: Progress and