I woke in the morning quite worried. I believe that my weak
Singaporean stomach could not handle the ice that was in my iced milk tea
yesterday. No way I'm going out for 2 weeks over ice man. Thankfully my stomach
problems only lasted a day.
I walked in MM Durian once again, and I wanted a perspective
different from a kasir. So I decided to take a walk. Walking down the street I
realized that there were about 4-5 "Kedai Runcit" or Provision stores
in the same street as MM Durian. In Singapore, 7
eleven basically cannibalized every provision store they could find, even if it
was at the cost of their own outlets. However, trying to buy out every
provision store here is clearly not feasible. So it got me thinking again about
yesterday's question. What would draw someone into MM Durian instead of these
provision stores that actually had similar stock, albeit a smaller variety.
I walked back in the store, and decided
to start thinking about why I love walking into convenience stores compared to
the older mama shops. I believe it was because everything MN about it was
pleasant. The displays looked pleasant. The cleanliness was pleasant. Air con
temperature was pleasant. Lighting was pleasant. I had choice. Occasionally I
had deals I could choose from. Oh the little joys of purchasing from stores. So
if I were to turn MM Durian into my dream store, what would I do. I wanted
information first.
So I spent the rest of the
day poring through report logs on the system and sending it back to my computer
to view it later at night. I wanted to know where the money was coming from as
part of this quintessential process Cik Farid calls "cash flow". So
of the hundred over products I see on the shelves, which were moving? Which
were there? (It was quite surprising when some of the items on the shelves was
actually dusty. It must have been there for ages).
I looked at profit margins,
I looked at flows and understood how this reports can help - because it is a
review of what we're trying out in terms of variety. I understood changes in
the peak periods for MM Durian and understood what people want. (MM makes a
killing off bottled water).
So for today, I learnt the
relationship between the store and consumers. I understood the concept of
demand and supply - seeing it before me as people bought snacks and other
miscellaneous goods. Time to find out more, so that night I took to try
researching how convenience stores are in hopes of understanding more to bring
me to my hope to find out how sales can improve in MM Durian.
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