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ONLINE WATCH CLUBGROUP MEMBERS
MANOJ GADHIRAJUJASWANTH SINGHSERGIO OLVEDA
Business Background
The project sponsors:Manoj GadhirajuJaswanth SinghSergio Olveda
Business OverviewOur company’s primary purpose is to create
business value in the form of online sale of branded watches.
Our inventory database will be searchable by brand name and also the price range.
Initial costs will be relatively low as compared to traditional brick and mortar stores, with inventory costs taking up the bulk of our start up budget
Business NeedsTo provide branded watches to customers in
an efficient, comfortable environment, without environmental or geographical restraints.
This project should make shopping simple and enjoyable for the customer in order to facilitate regular shopping.
The project should also streamline company operations by optimizing inventory through precise sales tracking and reducing operation costs.
Business Needs cont….We need to capture and build upon online
salesWe need to provide easy access and
navigation through the website.We need to provide excellent customer
service to attract customers.
Business RequirementsFor Customers:The website should be easily searchable by
certain keywords.Ex: Popular brands, Price range…..etc
User accounts stores customers information to build customer relation and attract repeated purchases.
Ex: Payment information, Purchase history……etc
A front end system which provides invoice and status information to customers.
Business Requirements cont...For Management:Record sales statistics and tracking.
To optimize inventory by retaining a larger inventory of better selling items and smaller inventory of poorer selling items.
Periodically create sales and inventory reports.
Customer Feedback. Receive customer reviews for improvement. Special offers or discounts as incentives to participating
customers.
Database Management. Handled by Microsoft Access
Ex: General ledger, Accounts receivable, Accounts payable…etc
Business ValueBusiness Values:Increase sales by reaching a broader market
independent of geographical location.Reduce operating costs:
Centralize inventory. Greatly reduces staffing requirements Optimize inventory operations.
Customer satisfaction through: Simple intuitive store interface Fast and reliable product delivery A relatively larger collection of products than a
storefront.
Cont….We expect that our sales will have a slow but
steady growth. Through our searchable inventory, we will be able to provide our client’s needs.
We will be able to monitor inventory and place orders regularly depending on the demand. In addition, by steadily increasing our market share, we expect to increase our services to customers.
Conservative estimates of tangible business values include $850,000 in annual sales from new customers.
Special Issues/ConstraintsThis system must be fully integrated and
transition from website to database must be flawless.
This system should be fully functional in a limited time.
Permissions from top branded companies is required.
Without previous web sales department, training will be required.
Concurrency with modern industry standards, contracts with purchase, verification software(VeriSign…etc) will be required.
Queries?
