Owned Retail Business

1. HR

1.1. Owned retail org chart

1.2. R&R/JD clarification

1.3. Personnel skills improvement

1.3.1. FC experiences comprehensive training

1.3.1.1. Outbound

1.3.1.2. Inbound

1.3.1.3. ICQA

1.3.2. Culture impact training

1.3.2.1. HR workshop

1.3.3. Communication training

1.3.4. Data sense training

1.3.4.1. BSA support data training

1.3.5. Negotiation training

1.3.5.1. Senior PM experiences sharing roundtable

2. Sell

2.1. Competitive Pricing Rule

2.1.1. Loss leader define

2.1.2. Economy pricing

2.1.3. Promotion pricing

2.1.4. Selection rule

2.1.5. Bundle pricing, sell low turns, buy one get two etc

3. System Iteration

3.1. vendor portal

3.2. PO 3.0

3.3. IM iteration

3.4. Financial system

4. Sourcing&Procurement

4.1. NJ new vendor sourcing

5. Reporting

5.1. Weekly metrics

5.2. Monthly Vendor Leadtime

5.3. Quarterly Top 20 Vendors performance report

5.4. Quarterly PR price and PO price difference

5.5. Product in trash can review half year

5.6. Project update

5.7. Vendor reporting

6. Vendor Mgmt

6.1. Leverage logistic resource for Beauty Japan/Korean vendor

6.2. Step pricing or bulky purchase pricing

6.3. Vendor communication handbook

6.4. Vendor reporting

7. Necessary Process

7.1. Product Management

7.2. Vendor Management

7.3. PO Process Management

7.4. Cost management

7.5. Inventory Management

7.6. Financial Management

8. Regular Communication

8.1. Owned Retail Weekly Meeting

8.1.1. Weekly metrics review

8.1.2. follow up actions review

8.1.3. Project weekly review

8.2. Category meeting

8.2.1. GMV, margin, inventory, on PO

8.2.2. Category promotion

8.2.3. New product review

8.2.4. Bottom turns 20% review

8.2.5. Customer feedback review