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Staples Organization - Essay Example

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Staples Organization

This discussion will focus on Staples Organization; specifically covering its customers, suppliers, creditors, products, competition, capital structure, sales, profitability, and short- range and long- range outlooks. In addition, it will provide information on the kinds of data and information needed by management and how accounting contributes to the supply of this information (Staples, 2012). In regard to Staples organization customers, it is important to note that it serves its customers under its original name in the United States, United Kingdom, Brazil, India, Germany, Portugal, Austria, France, Norway, China, and Italy, while it operates subsidiaries in Canada, Belgium, Netherlands, and Argentina. Staples organization’s customers are comprised of large global and national organizations as well as the wholesale and retail customers (Staples, 2012). The organization has highly customized services and products that are aimed at addressing the unique needs of large global and national organizations. For example, Staples Advantage that operates in most European countries is designed to provide customized services and products to both global and national customers in countries they are operating in (Staples Advantage, 2012). ...
However, in order to ensure that a widened customer base receives their purchases conveniently and to facilitate convenience and accessibility of its products and services, Staples organization has involved a number of suppliers in its business (Staples, 2012). It is important to point out that there are criteria that have been set by the organization for a company to become its supplier, as well as legal requirements that must be complied with before a company becomes a supplier. Selection of suppliers is usually based on merit. As already been noted, Staples organization deals with a wide range of products and services. This is very important considering that it is a listed company and therefore has to enhance its profitability. Staples products include the following: promotional products, technology, office machines, technology, furniture and business services. These products are available online as well as in Staples stores. In order to boost its sales and enhance profitability, Staples organization recently launched new line of products that is designed by Martha Stewart Living Omnnimedia Inc (Dow Jones Newswires, 2012). Competition in retail industry dealing with office supply is usually immense because of changing customers’ expectations and increasing demands. The main competitors of Staples organization are Office Depot Inc. (ODP) and Bed Bath & Beyond Inc. (BBBY). Bloomberg Businessweek (2012) notes that Staples’ capital structure relies on debt level that is comparable to retail industry norm, that is, at 12.68%, which represents a decline from the previous fiscal year. As at October, 2011, the organization’s total asset amounted to $13,681.2 million ...Show more

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Staples Organization Name of Institution Date Staples Organization Staples Organization is a large chain store that deals in office equipments and has more than 2,000 stores in 26 countries across the world…
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