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He claimed that Chevrolet managed a recall value of 80 per cent.
"We managed this at a time when there are so many brands out
there. There is plenty of space for us when you consider that the
number of multiple car homes is on the rise." Vij added that
in America Chevrolet used the theme of baseball and hot dogs to
connect further with the consumers.
Meanwhile ITC Lifestyle CEO Chitranjan Dar dwelt on the importance
of the supply chain in boosting brand value. "Hutch's ads using
the dog following the boy wherever he went worked because their
infrastructure was in place. If that had not been in place then
the ad would have been empty on its promise of following customers
wherever they go.
"Therefore it is important that brand managers are fully aware
of the entire supply chain process. Unfortunately a lot of the time
brand managers and the supply chain group work independently of
each other not knowing that the other is doing. Elaborate marketing
campaigns get developed and then customers finds that the product
is not available.
"An important issue in the supply chain is the accessibility
factor. Amazon.com which delivers books, DVDs, music through the
internet is a great example of a differentiated supply chain. The
supply chain also needs to balance conflicting objectives. On one
hand the supply chain wants to minimize inventory. On the other
hand customer satisfaction must be maximised."
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