Operation management is now becoming a crucial part of every organization to achieve effective consumption of minimum resources to meet customer wants. This is a field of study that also help students to understand the importance of organizing, designing, & controlling. Often when professors assign assignments on this subject, many students seek operations assignment help from online service providers. Which is not bad because it is known as one of the hardest & time consuming academic paper.
Many Australian students face difficulty to write operation assignments, representing the details regarding customer retention. To help those students this write-up consists of 4 V’s of customer retention, which helps in operations assignment drafting. The 4V’s are: –
Volume – It shows how much production is required to satisfy the demand of customers in the market. Here, the focus of the organization is to produce several goods, which can full fill all the needs of the customers making the demand in the market. For example – McDonald sells millions of burgers & other products in a day around the world. It shows that its supply chain is very consistent in delivering products & services to its customer.
Variety – It focuses on the mixture of products that can appeal to buyers for buying from the organization. There are many organizations that not only produce an individual product for their customers, but also manufacture other products that are used by them in their day to day life. A variety of products attracts buyers. If the organization have a loyal or trustworthy base of customers. Not only it can appeal to new customers, but it can also retain the old customers.
Variation – It refers to the change in demand that occur over time due to the effects of external factors on the organization. For example- covid19 make many organization face a lot of issues because of the uncertain effects.
Most of the business don’t possess the singular product, they have multiple variants for their various kind of customers. So it just needed to be collectively managed for better customer retention.
Visibility – Often, many customers get frustrated or stressed because they can’t see further processes related to their product or services. Being lost is one of the worst experiences & to avoid this, visibility in the organization is must needed. Often manufacturing industries lack visibility for their customers but the service providing organizations make sure their customer can see their transparent process to satisfy their needs. For example- Amazon let their customer see, where their package is arrived, with the help of their tracking tool. It helps customers being more satisfied & less frustrated.
These are the 4V’s that can help many Australian students write an astonishing operations assignment on customer retention. With the help of these V’s, students can understand what should organization needs to do for their customer retention. Students who are facing further difficulties, or want to buy assignment, must seek assistance from the best online assignment writing service provider.