THE CRAZIEST APPLE STORE IN THE WORLD 🔥
Ishan Sharma: THE CRAZIEST APPLE STORE IN THE WORLD 🔥
It is open 24 * 7, 365 days a year
The 32 foot all glass cube has become an iconic tourist spot and a cultural landmark
With a hanging apple logo and an aluminum lift which takes you underground inside the real store
Apple has the most profitable retail stores doing over 5,000 dollars per sqft annually
Because of the premium locations they launch next to Cartier and tiffany
& Tim Cook’s genius supply chain management
just-in-time manufacturing and negative cash conversion cycle to optimize sales and revenues.
Just-in-time manufacturing reduces flow times within a production system by matching raw orders from suppliers directly with production schedules.
Using JIT, Cook drastically reduced the amount of time it took to sell its inventory from months to just days.
The cash conversion cycle is a metric that tracks the number of days it takes to convert inventory into cash. Negative CCC means that the business sells its inventory and collects payment faster than it takes to pay its suppliers.
The beauty of a negative CCC is that suppliers end up financing a company’s operations. The business requires zero capital to grow, which is practically unheard of for a company of Apple’s size.
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3 Books You Should Read
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