Online blog6 Ubogan, Rhea May A.

Online Blog #6:

Share your experience/s in learning this module. You can also add these questions to stimulate your entrepreneurial mind:

This module has provided me with a wealth of information that has allowed me to expand my knowledge. Businesses can effectively manage by keeping track of units as they progress through various operational stages. Many entrepreneurs can be very successful if they have enough knowledge on how to run a business. Setting up a system to track "work-in-progress" and business goals allows companies to change and improve the situation in the business. This demonstrates that we can apply what we've learned not only in this class, but also in our future careers.

- How can I efficiently and effectively manage inventory and product or service quality?

    - Inventory management is critical to a company's profitability, yet many small firms do not practice appropriate inventory management when it comes to the products they offer. Some businesses have insufficient inventory, making it unable to exceed client expectations by offering adequate products. This frequently drives clients away, sometimes for good and sometimes for worse. It's also a mechanism for managing the movement of goods and services in and out of a company. To satisfy organizational needs, a corporation may choose to implement one primary inventory management strategy or a combination of strategies. In order to make invoices and purchase orders, generate receipts, and handle inventory-related accounting, businesses need inventory management strategies.

Many businesses, on the other hand, take the opposite approach, overstocking things "just in case." Even though you'll always have the things your consumers want, the risk with this technique is that you'll lose money. Excess inventory not only wastes revenue, but it also increases the expense of storage and tracking. Between these two extremes, effective inventory management exists. While achieving an efficient management process demands more time and planning, your revenues will reflect your efforts.

- What marketing strategies will I use?

   •One of the most dynamic and vibrant sectors on the planet is fashion. It encompasses a wide range of operations, including the appropriate manufacture of products, the transformation of raw materials, and the development of garments, footwear, and accessories, among other things. Along with the vast production of food and beverages, smaller clothing markets and complementary productions are in a great position to become one of the top profit generators in the industry, and clothing store marketing is crucial. There are various examples available today that can help you improve sales and compete. Here's some of marketing strategies that I can apply to my clothing store:

•Communicate with Your Target Audience

     - It's critical to establish EFFECTIVE communication channels with your target market. How can you expect your efforts to increase sales to be noticed if you don't make sure that your messages get to them? It's impossible in reality. It's crucial to remember a few tools when discussing various communication methods:

Offline, right at the point of sale. Make signs to ensure that customers are aware of special offers. In your own venues, this promotes promotions and provides value to your items. It's natural for some of these to be overlooked, but they shouldn't be because the investment is modest and the outcomes are more than adequate. On the internet. In such a competitive market as the textile industry, having an internet presence is critical. True, not all businesses can or should be online, but if it is within the company's capabilities to do so, they should take advantage of the chance.

•  Events to De-Virtualize the Audience

    - Whether you have an online store or not, throwing events and activities is a great approach to attract both loyal customers and those who are unfamiliar with what you have to offer. The best course of action is to create an agenda with events spelled out at the start of the year so that events may be planned ahead of time, using the right marketing tools, and utilizing effective communication channels. Celebrating anniversaries or key occasions in the life of the business, such as when the business turns another year older or if there is a desire to memorialize a precise moment that is essential to the business, are the best occasions to "make noise" in the fashion sector. Take advantage of these opportunities to invite your followers and put your brand in the forefront. Reach out to customers with an invitation to a special celebration, not just a promotion or sale price, when sales begin and during tax season.

• Window Displays: An Art that Continues to be Necessary (and Effective)

    - Window displays are works of art that use a mixture of objects and materials to effectively exhibit the merchandise for sale in a store. The importance of how window displays are done should never be underestimated, as evidenced by the fact that one of the most popular pastimes when traveling is walking along the "golden walks" or important urban highways where one can examine the display windows of major corporations.

•  Active Presence within Social Media

   - Currently, social media functions as a playground where people spend a portion of their day chatting with friends, learning new things, and passing the time. This means that any fashion sector must participate in these strategies if they want to reach a larger and more qualified audience. If you want to learn more about Facebook strategy, check out our previous piece: When is the greatest time to post on Facebook? The most notable is Facebook, which can serve as a substitute for electronic commerce until a small firm decides to open its own online store.

- How can I become an effective and efficient production manager?

 • A Production Manager's job is not easy. I'll be in charge of leading teams in a fast-paced, high-volume manufacturing environment. It's not easy to give clear instructions to supervisors, team leaders, and operatives, and as a skilled Production Manager, I'll need to be able to make key judgments under pressure. I'll have to inspire my team to meet production goals while upholding the company's quality requirements. In practically every interview, a hiring manager will inquire about a candidate's leadership abilities. I am confident in my ability to lead and motivate a team, as well as a period when I had a challenging scenario or relationship with a subordinate.

• Excellent Communication Skills

There's no doubting that solid communication skills are essential for a great leader, and any aspiring Production Manager will need to demonstrate this during the interview process. I need to successfully communicate business goals and targets to my team, and I need to make sure that these goals and targets are communicated to the entire team. If targets are not being met, it is my obligation as a Production Manager to figure out why by communicating with all parties involved. In addition, I must establish and execute performance metrics to guarantee that production requirements are met, which necessitates familiarity with the organization's industry standards. If I'm missing in this area, the good news is that a variety of training providers provide courses and certificates in these standards and practices.