Answered Essay: Based on figure 2:12 discuss managing product service levels. Figure 2.12 Managing

Figure 2.12 Managing product service levels reduction availability Centralised inventory Review 2 Profit contribution (by SKU)
Based on figure 2:12 discuss managing product service levels.

Figure 2.12 Managing product service levels reduction availability Centralised inventory Review 2 Profit contribution (by SKU)

Expert Answer

Answer

The metrics deals with the service level related to product availability on the basis of volume of product being in demand and profit contribution made by the product sales.
The first quadrant of high volume and low profit focuses upon the cost reduction of service delivery. It should be done to maintain the viability of product sales in the market. Excessive cost will lead to the thinning of the profit margin.
The second quadrant belongs to the high volume of the product with a high margin of profit. It requires a high service level while the product is made available all the time so that high service level is maintained. The third quadrant is with low volume and low profit. Here, the company should review the policy to continue with the product to make it available to the consumers. It may cause higher cost and no or less profit. The fourth quadrant is about low volume and high profit margin. It can be managed using the centralized inventory of the product and as per the demand of the product, it will be delivered to the consumers. Hence, lesser cost will incur and profit margin will be retained.
Hence, for different level of volume as well as profitability the different service level is acquired.

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