Week 5 EOC:

In the consumer world of both businesses and the average consumer, it is very different the needs of a business to the needs of an individual consumer. A business needs to order merchandise in bulk be it for resale or use to better the business. For instance when I worked for Gap we ordered cleaning supplies in bulk one it was cost efficient for the company and it allowed us to have stock for a three month period. Another way they would save cost was to borrow goods form a sister store this kept store cost down and allowed for better communication between stores. Not only is establishing a good report with outside sourced a good idea so is keeping a good report with the drivers and delivery people. All these factor into the overall profitability of store. This keeps the employees happy by having clean well lite areas, as well as having a clean store for the customers. As for the individual consumer usually only gets single items because they need to one fulfill their immediate want or their overall need. Be it food, cleaning supplies, clothing, or entertainment needs. In many ways, the company and the individual consumer are the same but on the other hand, they are different. They both need cleaning supplies, but they differ on the amount an individual buys and how much a company buys. If an individual would buy at a store for example Cosco, they may end up saving money in the end just as if the big companies buy items in bulk in order to save money in their fiscal year. This gives them a higher budget the next quarter so they may buy items they need that are a little more higher cost than just cleaning supplies. This way they can move money from one area to another for example if cleaning supplies saves one thousand dollars they can spend the thousand dollars in maintenance needs or just save the money and show a higher profitability.