Make a comment about the following post 'My company is Pandora Jewelry. Business-to-business (B2B) is a great

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"'My company is Pandora Jewelry.

Business-to-business (B2B) is a great opportunity to bring many benefits to Pandora. Pandora has manufacturing and refinery sites in Europe and Asia that they need to monitor. They also have many retailers that sell their pieces through their websites like Albert's Diamond Jewelers and Reeds Jewelers. A business-to-business system would help the company manage inventory levels, available raw materials, shipping deadlines, and demand from consumers and retailers. With the system, the information about these would be shared between suppliers, the company, and retailers bringing more efficiency to the company's supply chain. Improving the relationship between demand, product availability, and sales forecast.

With Pandora adopting a B2B system, the company's system would be connected directly to the system of the other business entity. The interactions between them have to be daily because they need to align the demands of customers and retailers with the available stock and the amount of new products needed. Certain ad hoc events such as increased demand for a product, holidays like Christmas and Valentine's Day (when people buy more jewelry as gifts), lack of raw materials, or problems in transporting goods can trigger an increase in eBusiness interactions. These situations come out of the daily routine requiring an adjustment between demand and supply and affecting all involved. Therefore, the need for greater interactions may require up-to-the-minute information.

For Pandora one of the most important things for success is to have a scalable vertically integrated supply chain with a lean cost structure underpinning its high margins and competitive edge. That is why I assume it is fundamental for the B2B system to be connected with supply chain management. Supply chain management is important because it can help achieve several business objectives. The connection between the systems allows manufacturers to make as many products as needed to meet market demand. In addition, helps retailers reduce excess inventory and lower the cost of storing products. Also, it is important for the company to link its B2B system with Customer Relationship Management (CRM). Customer relationship management helps the company understand its customer's behavior and modify its business operations to ensure customer needs are met efficiently. The result will be an adjustment in demands, delivery time, and product quality.

I believe B2B is aligned with Pandora's focused strategy because the customers' demands will be more efficiently met with the system. Also, Through the B2B system connected with supply chain management, the company will manage its costs better achieving the goals of producing good quality materials at affordable prices. This will give Pandora an edge over competitors in the luxury jewelry market. "