E-Business Strategy Part 1

Powerful Essays
Literature Review

Al-Ikhsan sdn bhd

Al-Ikhsan is one of the famous brick and mortar that transform to brick and clicks business in Malaysia. The Company started as a single sole proprietorship and each new store that was opened was individually registered as sole proprietorship also. Later on, for tax and administrative purposes, a Private Limited Company, Al-Ikhsan Sports Sdn Bhd was set up. Today, the name Al-Ikhsan is synonymous with football. In 1993, Al-Ikhsan Sports was formed with a single store in Holiday Plaza, Johor Bahru. Initially, the business started off as a general sportswear outlet. As the business grew, En Ali found that there was a demand for specialty shops, dealing in soccer, basketball and other sports. As a result, he began to set up stores catering to these niche markets. It has since grown to 61 stores in every country within Peninsular Malaysia.

The main activities of Al-Ikhsan are stores or retails activities. First it increase the ROI by identify non-moving stock across the chain, transfer them to where they are selling and/or return them. Also, identify and return non-moving stock at purchase value to avoid any loss on non-moving stock return. Such effective stock transfers coupled with purchase returns increase the ROI. Next, it lower the inventory investment by consolidated view of inventory including the need at each point of sale facilitates optimum inventory at each point of sale. Also ensures that stock can be transferred to the point of sale at short notice.

They also lower pilferage by continuous stock audit based on ABC classification of items instead of periodic full stock verification helps to identify mismatch between physical stock & system stock early. Such continuous stock audit helps lower pilferage. It also made a best purchase as store pool its requirements; the volume of purchase goes up. This allows store better negotiating leverage. Combining this with the analysis of their sales, purchase and inventory

You May Also Find These Documents Helpful

  • Better Essays

    E-Business Strategy

    • 4207 Words
    • 17 Pages

    Group 5, Section 21 e-Business Strategy The emergence of e-business is radically changing almost all industries ranging from retail to media. An e-business process accomplishes a given business task by using digital technologies, often based on the Internet. This can be any business tasking such as procurement, sales, HR, or other admin tasks. An e-business is a company where a significant part of its business is based on the use of e-business processes. e-Business strategy, therefore, is any…

    • 4207 Words
    • 17 Pages
    Better Essays
  • Good Essays

    Your Business Part 1

    • 1597 Words
    • 7 Pages

    Your Business, Part 1 Assignment #3 Operations Management - BUS515 1. Formulate an operations strategy for your business. The popularity of destination weddings has grown so rapidly that it’s given rises to a whole new industry in of itself. Today entrepreneurs and existing companies are spotting the enormous opportunity in this hot trend and are finding ways to cash in on it. More and more resorts are now specifically catering the destination wedding crowed. Airlines and hotels chains are…

    • 1597 Words
    • 7 Pages
    Good Essays
  • Best Essays

    Business Analysis Part 1

    • 1789 Words
    • 8 Pages

    Week 4 Business Analysis Part 1 R M Butler MGT/521 10/15/12 Melany Felton Week 4 Business Analysis Part 1 Costco Wholesale Strengths Weakness, Opportunities, Threats analysis of Costco Wholesale starts off with their strengths. Diversified products and services, rapid turnover of inventory, efficient operating structure, strong market position, low cost promotion and marketing strategy, and Costco offers its customers the lowest prices on a wide range of branded products. Provides…

    • 1789 Words
    • 8 Pages
    Best Essays
  • Good Essays

    Business Analysis Part 1

    • 1152 Words
    • 5 Pages

    Business Analysis Part I MGT/521 Management Business Analysis Part I Apple Inc. The Company Apple Inc was established in California on April 1, 1976. It was later incorporated in the year 1977. Born in America, this multinational company designs and sells consumer electronics. Apple is the world’s third biggest mobile phone producer. The company’s most admired hardware products are the Macintosh computers, the iphone, the ipod and the ipad. Other consumer products designed by Apple include…

    • 1152 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Business Research Part 1

    • 921 Words
    • 4 Pages

    areas with poor road conditions and dilapidated bridges, was not feasible. This prompted him to request from PSC a change to a shorter route Marbel to Dadiangas. Said request for amendment of route was approved in 1964 using 6 units’ regular buses and 1 reserve bus. In April 1971, YBL opened the Tacurong to General Santos route via Tantangan and Isulan. Every year thereafter, more units were fielded in its authorized lines. As of December 1975, YBL had 32 units in operation. Inspite of the presence…

    • 921 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Amazon Business Strategy 1

    • 1193 Words
    • 5 Pages

    Amazon Business Strategy BIS/219 Amazon Business Strategy Successful business partnerships are the driving force behind competitive online retailers. Innovated strategies, business techniques, and customer relations management (CRM) will further enhance Amazon’s customer satisfaction and loyalty. Amazon uses e-business, e-commerce, and data management to gain competitive advantages against other online retailers. “No company exemplifies a new business era of…

    • 1193 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    E-Business

    • 2295 Words
    • 10 Pages

    terms e-business, electronic commerce, and mobile electronic commerce and describe how they differ from one another. e-Business: In general terms e-business means buying and selling of goods and services through internet and also collaborating with business partners, knowing about e-learning and managing electronic transactions. We study in this chapter that, e-business refers to as the usage of electronic methods to conduct organizations business internally or externally. Internal e-business activities…

    • 2295 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    Starting a Business Online, Part 1 Jesse E. Johnson Pro. Ryan M. Coleman Fundamentals of E-Business Strayer University 25 January 2012 Abstract I, owner of small clothing store, have decided to engage in e-business. There are numerous legal and ethic issues that one needs to comply with, before starting a business online. A small business owner also has to deal with some cybercrimes in order to ensure the economic growth of the business. Table of Contents Introduction 4 Discussion…

    • 1738 Words
    • 7 Pages
    Powerful Essays
  • Better Essays

    E Business Task 2 Western Governors University E Business Task 2 This paper will look at the next steps of taking Subway online. To do this, one must look at all the E-commerce solutions available such as choosing the right vendor for the job, and how it will benefit the company and the vendor together. The next step is to look at search engine considerations and optimization strategies, and making sure that Subway is on the primary and secondary page if a customer were to search online through…

    • 3821 Words
    • 16 Pages
    Better Essays
  • Good Essays

    e-business

    • 1471 Words
    • 6 Pages

    www.Freitag.ch 1) How does Freitag.ch differentiate itself in the transaction process? Explain the operational concepts as well as corresponding IC-Systems. Figure out specialties in the phases and try to derive, why Freitag.ch decided on this concept. Operating in the market since 1993, Freitag.ch became a successful business for producing handbags followed by other related products (who also resulted very efficacious findings). This business was built up based on the principle…

    • 1471 Words
    • 6 Pages
    Good Essays