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... on will be of special interest for resellers and construction contractors all over the world. Home Depot can also design a second hand products catalog were customers can both offer and purchase online only. Those products must fulfill certain requirements, for example that any given product should have been or still offered in the HD stores, preferably if bought there, to qualify as offerer / seller of the product Home Depot must first approve the person, this to avoid unethical people to offer bad or stolen products. There will be two categories, one for products in store previously taken to the store and bargained the repurchase, and the other category of products that are still in hands of an offerer / seller that will bargain with the buyer directly through the web page. Both categories are subject to an auctioning style or bid selling.
Home Depot here can benefit in three ways, one by attracting more users to the web page, second by repurchasing second hand products and selling them again in a profitable bargain, and third by charging a fee to the users who wants to sell their products through the HD web page. The outcome of this effort in the online sales is to have day to day more and new customers willing to buy online so in the future Home Depot can benefit from the growing e-commerce sales, and most important of all to gain advantage of the information that can be tracked through the internet. As mentioned above the information gathered can be immediately shared with other information systems, through the intranet and extranet to tell the managers of every department and the suppliers what it is needed and at the real time. The advantages of such information tool ultimately is to improve HDs operational performance now that they know better the consumer behavior and its changes instantly, also for inventory control aiming the just a just in time policy, etc, so to make this possible it is crucial to upgrade other basic systems (logistics, purchasing, accounting, and others) that accordingly to the Business Week magazine from Nov 26, 2001 had not been updated in years. Expansion Issues Expansion is an issue for Home Depot, it started out with only 1 store in 1978, and has over 1200 stores worldwide today. Many corporations have failed due to expanding too fast throughout the nation.
Home Depot has expanded very fast, but expansion has not hurt Home Depot. Home Depot provides the largest variety of services and products in the industry and market it is in. Home Depot has always tried to provide the customer with as much variety of products as possible, from finding a small screw to building a whole house, a customer will have ease in their project. Home Depot even offers classes to its customers to show them how to do projects on their own. It has facilities in Santiago Chile, Argentina, Quebec and Puerto Rico.
Not only opening stores in other countries but also expanding to some specialties. In Home Depot one of its largest sections is the Bedroom, Bath, patio and window sections. To expand on this it has created a store called EXPO DESIGN CENTER. This store has eight showrooms that will help customers make the home of their dreams. This store is designed for a customer to be able to design their home in any way they like. Its specialty is interior design.
A person can design their home anyway they want and be able to find all they different tools, products and services needed for them to design the interior of their house. Home Depot acquired Georgia Lighting; this is a wholly owned subsidiary, which specializes in lighting fixtures, and accessories, accents, and supplies. This company is a distributor and retailer of a large collection of lighting products to commercial and retail consumers. Villagers Hardware is also a Home Depot project that has items for small home enhancements such as: closet organizers, cutting centers, house wares, and small gifts. Consumers can find a whole variety of products for gardening, electrical, plumbing, and decorative lighting. Offers special seminars and technical assistant to its consumers.
In 1999 Home Depot launched Home Depot University in its stores to help its consumers do their own projects. It also acquired Apex Supply Company, a wholesale plumbing distributor. Home Depot Commercial Direct is a company that provides services to its commercial consumers in Canada. A consumer can order almost all their tools, equipment, and services online through this division. Expansion is very important to Home Depot; everyday the organization is finding new ways to expand to serve its consumers. For home Depot to successfully expand and keep growing in its industry, it would need to attack its strong points and try to improve any weakness that it has.
Home Depot being the worlds largest do-it-yourself warehouse store has to keep providing the highest quality products to assure dependability to its consumers. It would need to study its environment and provide products accordingly to its customer base. Make as needed improvements on its website, to make it more buyer friendly, and user friendly. To attacks its strong points, which is the products home depot provides. A consumers thought when buying from Home Depot is: the product that they purchased is dependable, durable, high quality. If there is a malfunction, Home Depot will replace or refund the consumer.
To make sure the consumer is happy even after the malfunction of the equipment they purchased the replacement or refund should be done immediately. Home Depot is located in all over the US, and has stores in other countries as well. Most of its stores are located in diverse location, to provide products and services catering those specific locations will help grow its customer base in those areas. A good example would be the South Eastern region of the country; weather during the summers is almost the same. With the exception of a small variance in temperature, its almost the same weather. Home Depot in times of Hurricanes and storms should stock up heavily on its wood supply.
During hurricane season Home Depot is very helpful, having free seminars, and providing much needed information to its consumers about the steps they can take to prevent heavy damage during storms and hurricanes. Expanding into the international market means that Home Depot will be providing its same great customer service in places where laws, regulations, and consumers who are different from the US. Home Depot would have to provide some supplies and products built in that specific country. It would need to make sure that those products and services are dependable and will promote consumer appreciation. It can do this by only selling the highest quality supplies, and selling the excess supplies and products from its US stores. This will create more consumers to appreciate the great service they will get at Home Depot.
Expanding on the web is a very important issue for Home Depot. Having a website that a consumer can practically do anything that they would be able to do in a store is the main goal for Home Depot. Home Depot has a very buyer-friendly website. Consumers can order almost any product that Home Depot has. A way to gain consumers trust on the web would be to secure its websites with the highest security as possible. To purchase any item on the web a consumer would have to make a electronic payment.
The web is very vulnerable to crimes dealing with credit frauds. Home Depot using encryption, firewalls, and 24 hour network and security administrators to review all logs to provide a safe place for consumers to shop. Taking extra precautions and making sure that credit card transactions are secured on the web site can assure a consumer that buying online is very safe. LOG SHEET September 6, Thursday: All members get together after class for 15 minutes to select our company.
September 18, Tuesday: Arrangements are done on meeting every Tuesday after class for 15 minutes. Print outs of Home Depots web site are revised. September 25, Tuesday: Todays meeting extended for 30 minutes while we debated on the different strengths, weaknesses, opportunities and threats Home Depot encounters. October 2, Tuesday: Todays topic was regarding the current strategies and main issues Home Depot is assessing. October 9, Tuesday: After taking note of previous meetings, each member is assigned to type at least two pages with this information. October 11, Thursday: A deadline is given by Sunday at midnight to send as an attachment the two typed pages assigned to each individual.
October 16, Tuesday: No meeting today. October 23, Tuesday: In todays meeting arrangements are done to meet on the days given off by Professor Blocks. November 1, Thursday: Group meets at same time and place of regular class meetings to discuss Home Depots issues in more detail. November 8, Thursday: In todays meeting same issues are addressed.
Team members are assigned one issue to be developed in more depth. November 13, Tuesday: Meetings are changed again for Tuesdays after class. Articles and web sites found by each member are distributed evenly for resources. November 20, Tuesday: Deadline is given by Sunday at Midnight to submit three typed pages as an e-mail attachment. The additional team member is in charge of organizing, proof-reading, inserting articles and binding information into one whole document. November 27, Tuesday: Congratulations Team Partners! ! ! ! ! ! ! ! !
We did it. Thanks to every one for their diligence, punctuality, and knowledge and work provided. WORKS CITED 1. web 2. web and Economy/Sh... /Lowe s Home Improvement Warehouse 3.
web 4. web 5. web 6. web and Economy 7.
web 8. web 9. web 10. web a 4.
html 11. web a 3. html 12. web
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Research essay sample on Company Profile Of The Home Depot
