This should occur concurrently with sending a notice to the members of the Costco Corporation with offering the opportunity for the audiences to review and comment on the document. The next stage should take about five months in which the organization continues to gather data and work on elements of the code of ethics in accordance with the proposal (Andersen, 2010)
The company also has operations in Seoul, South Korea and in Mexico, where the Costco has successfully relied on a joint venture to gain market entry and sell successfully. The Costco supply chain is highly unique in that the company seeks to create the majority of their product mix form private label products (Field, 2006) which gives them more accuracy and control over costs (Boyle, 2008)
com, generate significant revenue as a result of cross-channel shopping by its most loyal customers (Steverman, 2008). The Costco business model is inherently appealing in that it concentrates on streamlining the supply chain through continually seek to innovate core processes including order management and inventory turns management (Chu, Rockwood, 2008) in addition to creating exceptionally loyal customers, and successfully branching into higher-end specialty jewelry and luxury products that the company has found to be exceptionally successful with affluent customers looking for a bargain (Sherman, 2008)
The second recommendation for Jim Sinegal to improve Costco's growth is to adapt its business model to meet the needs of urban consumers. The company has experimented with some city-center locations, for example in Manhattan, San Francisco and Vancouver (Bula, 2006), but overall Costco primarily serves the suburban market