Think about common shopping behavior and the differences between personal prefer

Question

Think about common shopping behavior and the differences between personal preferences. Some people shop daily for the items they need daily. This is, in fact, the common model still today in most of Europe and Asia. Other people go to the grocery store once a week and buy all of the items that they need for the week. Some people go to BJ’s or Sam’s or Costco and buy in very large quantities.

What are the impacts on inventory in each scenario? Think about: Storage Refrigeration Menu Planning Menu Execution

Explanation / Answer

Few people buy their daily needs daily, few are weekly and few are in a bulk because of:

In America, people life standard and income is better than other countries in the world. So these people don’t concern about budget, money or other things. In fact most of the members in family are doing job or other source of business. But in Asia there is apposite in scenario, Most of the family member depends on head of the family like Father or elder brother. Most of the ladies or married women are house wives and they do not work. So because of this family budget move slowly and in retail form to buy product on daily basis or in small quantity. Europe is much better than Asia so there are mix group of people those who purchase product in weekly or monthly basis. So here income level and earning money is main point for purchasing power.

In buying behavior, American people are trying or suggest every kind of product with quality. So they don’t bother much about Brands and its specification especially in daily uses of product. Sometimes it also comes on attitudes or purchasing power of products. Most of the people like to purchase frozen food item which are easy to use and cook means ready to serve. So these kind of can keep for long time. But in other countries people prefer daily cooking food which needs fresh raw items. Especially in Asia people daily purchase fresh raw food items and cook for family.

In US food items are easily available and at good price and there is no such fluctuation in food items price so if you buy daily, weekly, monthly. Food price are almost same. But all Asia depends on US market so here food price are fluctuated more. So it may be possible if you purchase bulk items in monthly basis or weekly it may be possible that after two-three days all price may be slashed or increase. This kind of fluctuation mainly happens to daily products like Milk, Raw vegetables, Bread etc.

Purchasing power, Attitudes, Behavior also shows the power of purchase of product with quality, quantity and place. If we have more money then we definitely purchase daily use of product in Bulk which shows our attitudes, status. But in Asia there is already population are high if we apply this purchasing power though while purchase product then we definitely disturb family budget. And here people also want to use offers more to save money. We can see that if Fuel, Jeweler price slashed down then here purchasing limit are increased from normal days.

US people really concern about time, So if you purchase your daily items in a bulk which definitely save your time from daily go into market and purchase daily use items. Means overall the main motto is to save time.

Price and product review also affect purchase power and format of purchasing scenario. If product review and price are suitable according to pocket then US people defiantly purchase in bulk or more than Asia people. But In Asia people purchase according to use, need, Sometimes review also affect the market but mainly in festival season.

In Asia most of the people living below life standard scale, so they cannot afford bulk purchase or invest huge amount on single item.

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