Lowe's Logistics
The author of this response has been asked to answer several questions about logistics relative to an organization of the author's choice. To that end, the author has selected Lowe's. The questions that will be answered include how the organization's logistics can be improved, what gives Lowe's a logistical advantage and how they perhaps fall short of other competitors that sell some or all of the same goods. While Lowe's really only has a handful of direct competitors and while there are some good that can (or should) only be bought in a brick and mortar store, Lowe's and their logistics practices and options are not as nearly as airtight and effective as they might want them to be.
Analysis
When it comes to direct competitors, about the only two obvious chains that come to mind are Home Depot and Menard's. However, there are other competitors that eat into the actual and potential market shares of Lowe's. These companies include Target, Wal-Mart and a few other big-box retailers that have some or a lot of overlap with the market that Lowe's resides in. One big threat to Lowe's are online retailers like Wayfair, Amazon and others. Amazon in particular is rather pernicious in that it is expanding what it sells and ships every day and they are even trying a brick and mortar store in New York (Rosenblum, 2014).
The talk about Amazon and other online retailers segues into what Lowe's must do to keep Amazon and companies like it at bay over the long-term and that is to have an online service and commerce offering that takes the fight to said online retailers. Not unlike Kroger branching off from grocery into hardline goods (and Wal-Mart making a mint off of doing the opposite over the last several decades), Lowe's needs to improve their customer reach by offering as many goods as they can online. There will always be a need for the physical stores as lumber yards...
" According to Short, Williams, and Christie (1976; cited by Van Den Hooff, Groot & De Jonge, 2005), Social Presence Theory notes that "communication media differ in the degree to which they can communicate (or simulate) the social presence of the communication partners through the use of social cues (both verbal and nonverbal cues)." This theory purports that if a medium can only communicate limited social cues, communication partners do
Business Information Systems What is a Business Information System? A program involving a business information system would prepare the person who is studying the intricacies of the process to be able to oversee the efficient and proper manner in which to use computer hardware and software systems. The individual who has completed the training process in a business information system would be able to work as a computer programmer, or a
Business Critical Thinking To whom it may concern: 'Logically speaking...' How often do we say this simple phrase? There is a presumption that logic is not only good, but that the human mind can easily calculate the pros and cons of most decisions. However, the human brain did not evolve to naturally gravitate to an emotion-free, Spock-like way of evaluating options. "When people face an uncertain situation, they don't carefully evaluate the
business and professional ethics in the movie "Wall Street." Discussed are the ethical principles that are violated as related to business; how greed is presented as part of American business; Gecko's view; how Buddy reacts and deals with the issues of ethics; how Buddy's view of greed and ethics evolves and changes throughout the film; what is/are the ethical dilemmas he faces and how does he handle them. Wall Street,
A favorite target for conspiracists today as well as in the past, a group of European intellectuals created the Order of the Illuminati in May 1776, in Bavaria, Germany, under the leadership of Adam Weishaupt (Atkins, 2002). In this regard, Stewart (2002) reports that, "The 'great' conspiracy organized in the last half of the eighteenth century through the efforts of a number of secret societies that were striving for
Marketing / Business Grade11 Marketing / Business Activity Activity 1: Braun Pocket Radio Entertainment has always been the most integral and essential part of lives of people regardless of the demographics, socio economical backgrounds, or age groups. The form of entertainment has evolved over a period of time with the evolution in technology. One of the most common and popular form of entertainment is music. Music lovers exist around the world and in
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now