Purchase Solution

ICT Strategies to Increase Competitiveness

Not what you're looking for?

Ask Custom Question

Kindly assist with a brief scholarly writing about:

The possible ICT strategies to increase competitiveness in the wholesale and retail businesses.

Purchase this Solution
Solution Summary

The document highlights ways in which ICT can be used by retail and wholesale firms to increase competitiveness. Attached in Word.

Solution Preview

ICT Strategies to Increase Competitiveness of Retail and Wholesale Businesses

[Type the document subtitle]

Role of ICT in retail and wholesale industry and how it can be utilized for creating competitiveness.
 
ICT Enabled Revolution in Retail & Wholesale Industry

Retail and wholesale businesses are highly competitive at the local, national and global level. While on one hand there are great opportunities for retailers due to changed landscape, there are also threats. Retailers and wholesalers are realizing that it is no longer necessary to have a physical presence everywhere to increase their national and international presence. As a result they are adopting different strategies to increase their competitiveness and maximize their return. By using information and communication strategies, these businesses can increase competitiveness both internally and externally. With ICT-enabled revolution in distribution and systems, retailers and wholesalers have emerged as the lead firms in buyer-driven supply chains (Wrigley & Lowe, 2010). It has changed the supply chain of the industry from being supply push to demand pull, thus giving more power in the hands of retailers and wholesalers. The industry evolved to adopt processes of lean retailing which integrate logistics and supply chain management methods.

Use of applications and practices that support the electronic exchange of information between companies positively affects likelihood of conducting ICT ...

Purchase this Solution
Free BrainMass Quizzes
Academic Reading and Writing: Critical Thinking

Importance of Critical Thinking

Introduction to Finance

This quiz test introductory finance topics.

Business Processes

This quiz is intended to help business students better understand business processes, including those related to manufacturing and marketing. The questions focus on terms used to describe business processes and marketing activities.

Writing Business Plans

This quiz will test your understanding of how to write good business plans, the usual components of a good plan, purposes, terms, and writing style tips.

Employee Orientation

Test your knowledge of employee orientation with this fun and informative quiz. This quiz is meant for beginner and advanced students as well as professionals already working in the HR field.

View More Free Quizzes
Related BrainMass Solutions

  • ICT Strategies: Wholesale & Retail

    ICT strategies in wholesale business increase competitiveness by not only making each process more accurate and faster, but also by reducing costs. Step 3 ICT strategies also help improve competitiveness in the retail businesses.

  • ICT Facilitated Growth and Organizational Competitivenes

    It supports them to increase their competitiveness and ensure the growth in the market (Abdullah & Abdullah, 2012).

  • Advocacy strategies

    This includes commitments to ICT infrastructure roll-out, universal access policies, support of community based ICT access centers, public broadcasting policies, and regulatory mechanisms to ensure fair pricing of services.

  • Assistive Technology Bibliography

    Word prediction software - helps to increase writing efficiency.

  • Ethics - Supply Chain Strategies

    Within this ethical framework of integrity and fairness, the competing supply chain strategies are also contributing to competitiveness - offset counter-trade, competitive bidding, auctions, lean supply - push versus pull competitive strategies, total

  • Barriers to technology

    Therefore, funding for new ICT resources should be increased in order to provide adequate ICT equipment and resources.

  • Business: Euro Users

    Many Caribbean based businesses are also realizing the importance of ICT to gain global competitiveness through service delivery by internet. One of the reasons for this adoption of ICT was the positive signs of increasing tourist numbers.

  • Hiring and Retraining Talented International Learners

    What recommendations for training can be made to corporations to increase their competitiveness when it comes to hiring and retraining talented international learners?

  • Economic Indicators: Inflation, Employment and Interest rate

    This detailed discussion will enhance the knowledge of the user to understand which indicator affects the strategies and competitiveness of the firms most.// Employment level also affects the strategies and competitiveness of the business firm.

View More Related Solutions