Maxx Companies, Inc.: Case Study
TJX Companies, Inc
TJX, an international company, operates off-price retail stores offering apparel and home furnishings. The company, which employed about 179,000 people as of 2013, has four segments: Marmaxx, HomeGoods, TJX Europe, and TJX Canada. The revenue was recorded of $26,123.8 million dollars in 2013, an increase of 12.1% over 2012. The operating profit of the company was an increase of 25.9% over 2012. The net profit was an increase of 27.4% over 2012.
TJX operates the business under off-price retailing strategy. It offers designed family apparel and home furnishing at lower price compared with the regular deal. This business model drives sales growth. T.J. Maxx and Marshalls, the subsidiaries, are the largest off-price retail …show more content…
The company sources its merchandise globally from a vast vendor network. A broad vendor base enables the company to stock its distribution centers avoiding amassment of inventory. TJX currently turns in-store inventories as often as possible to keep its inventory in line with the customer trends. TJX sees freshness of its inventory as a key differentiator and so it makes efforts to ensure that shoppers will find fresh stock. Faster inventory turns reduce operating costs and increase the profitability for the …show more content…
It can offer account level security, analytical accounting, bank reconciliation. It also can manage cash flow, cashbook bank, collections, electornic bank, reconciliation encumbrance, and fixed asset. In addition, it can run application of supply chain management, project management, and human resource management. It can integrate concur expense and consolidate customer and vendors.
Oracle ERP is an on-premise or cloud-based solution software Oracle offers a cloud- based suite called E-Business Suite and an on-premise suite, PeopleSoft. In the accounting section, it provides asset lifecycle management and financial management. And it also offers performance management, customer relationship management, service automation, human capital management, supplier relationship management, supply chain management and project portfolio management. Regarded as an application library, Oracle ERP provides a variety of applications that can be used by companies of all sizes.
Suggestion of ERP software for
TJX, an international company, operates off-price retail stores offering apparel and home furnishings. The company, which employed about 179,000 people as of 2013, has four segments: Marmaxx, HomeGoods, TJX Europe, and TJX Canada. The revenue was recorded of $26,123.8 million dollars in 2013, an increase of 12.1% over 2012. The operating profit of the company was an increase of 25.9% over 2012. The net profit was an increase of 27.4% over 2012.
TJX operates the business under off-price retailing strategy. It offers designed family apparel and home furnishing at lower price compared with the regular deal. This business model drives sales growth. T.J. Maxx and Marshalls, the subsidiaries, are the largest off-price retail …show more content…
The company sources its merchandise globally from a vast vendor network. A broad vendor base enables the company to stock its distribution centers avoiding amassment of inventory. TJX currently turns in-store inventories as often as possible to keep its inventory in line with the customer trends. TJX sees freshness of its inventory as a key differentiator and so it makes efforts to ensure that shoppers will find fresh stock. Faster inventory turns reduce operating costs and increase the profitability for the …show more content…
It can offer account level security, analytical accounting, bank reconciliation. It also can manage cash flow, cashbook bank, collections, electornic bank, reconciliation encumbrance, and fixed asset. In addition, it can run application of supply chain management, project management, and human resource management. It can integrate concur expense and consolidate customer and vendors.
Oracle ERP is an on-premise or cloud-based solution software Oracle offers a cloud- based suite called E-Business Suite and an on-premise suite, PeopleSoft. In the accounting section, it provides asset lifecycle management and financial management. And it also offers performance management, customer relationship management, service automation, human capital management, supplier relationship management, supply chain management and project portfolio management. Regarded as an application library, Oracle ERP provides a variety of applications that can be used by companies of all sizes.
Suggestion of ERP software for