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Management business operation - Essay Example

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Summary
Operations Management is one of the most important functions of any business or corporation. Organisations need to plan all their operations, carefully devise strategies and design processes to achieve success in their aims and objectives which they have developed for their firm…
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Management business operation

Download file to see previous pages... According to analysts of the company, instead of focusing on the volume, variety of products and sales incentives it offers, it is more interested in finding a variety of investment schemes to earn their profits (Bawden, 2011). It is also working on controlling or limiting the damage of their production process that might be inflicting on the environment ((Agarwal, Shankar & Tiwari, 2006). However, according to analysts the company is suffering due to the price difference from other competitors, such as Tesco, Sainsbury, Montrose etc. Also these food stores do not offer a variety of products and have very low scale entities. The company needs to convert at least some of its superstores and also offer a variety of ready to cook items. In short they need to improvise, to meet the requirements of the customer by bringing an apparent variation in their style of business. Variations and innovations may be appealing and attractive for the customer and they may prefer visiting the store to check out the variations. Other stores offer a number of services and items on their outlets, whereas Cooperative has simple food stores which it can turn into super markets (Just-Food.com, 2012). The other stores are carrying out customer centered operations; they are offering goods that the customers look for upon entering their stores, such as organic, fresh and affordably priced groceries or a wider variety of groceries. The Cooperative also needs to follow the trend of looking after and focusing on its customers, rather than working on the replenishment systems, finding investments etc. It can be observed that their competitors have priced a good notice of the customers purchase power in mind; this has...
Visibility talks about improving communication between the customer and the manufacturer (Slack et al, 2009).
Numerically, its annual sales have dropped from GBP 142 mn to GBP 119 mn and food stores sales went down by 2.2%. Other stores offer a number of services and items on their outlets, whereas Cooperative has simple food stores which it can turn into super markets (Just-Food.com, 2012). The other stores are carrying out customer centered operations; they are offering goods that the customers look for upon entering their stores, such as organic, fresh and affordably priced groceries or a wider variety of groceries. The older generation’s chief concerns, when shopping at the convenience stores, are product quality and price (Lawson, 2012).
Agile manufacturing requires that the company work on controlling costs, while also maintaining a good standard of quality and more importantly meeting customer needs and requirements rapidly as well as effectively. Murrel is not looking to achieve customer satisfaction through hiring of more staff or improving service. The Cooperative’s state-of-the art supply chain seems to be just that, an agile supply chain. The value of a supply chain is described as the difference between the worth of final product in view of customers and costs incurred in the supply chain process to fulfil the customer’s demands. ...Download file to see next pagesRead More
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