We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

TESCO and the JIT Philosophy - Essay Example

Comments (0) Cite this document
In an effort to be competitive and maximize financial performance, TESCO has adopted several supply chain management practices starting in the 1990s. Fundamentally, these practices involved the streamlining of the route by which goods travel from Tesco’s suppliers to its store shelves…
Download full paperFile format: .doc, available for editing
Polish This Essay95.9% of users find it useful
TESCO and the JIT Philosophy
Read TextPreview

Extract of sample
"TESCO and the JIT Philosophy"

Download file to see previous pages While it is not clear which supermarket pioneered this revolutionary supply chain model, which is now adopted by many in the industry and is considered as a standard of best practice, many attribute it to Tesco’s reforms set up late in the 1990s. This is a report on Tesco’s supply chain management practices, which is recognized to be designed after Toyota’s “just in time” (JIT) model. Specifically, this report will compare JIT principles to Tesco’s business practices and assess the latter’s efficacy in the navigation of the challenges Tesco faces amidst the internationalization of both suppliers and its market.

II. Relevant Operational Theories and Principles

Supply Chain Management
Fundamentally, supply chain management is the framework by which processes, structures, managements elements in the value chain is integrated and coordinated. It is crucial in the drive for competitive advantage and concerns the alignment of management practices into what the requirements of the customers. Seuring (2003) outlined the basic characteristics of the concept: • Supply chain management is primarily an integration-oriented logistics management concept, characterized by the strategic, cooperation-oriented and interorganizational initiatives; • The task of the concept is to manage the supplier-buyer relationships, particularly streamlining the complex chain and network involved;
The goal is to align all activities to satisfy the requirements and needs of customers and reduce costs and enable the organization to take advantage of opportunities; The focus is to realize efficiencies and the expansion of covered activities beyond logistics, including management components and information flows among the supply chain partners. (p169-168) Lambert was able to depict the framework in the following model: Supply Management Framework (Lambert, 2000, p70) SCM Tools Supply chain management tools are essentially systems and solutions that are designed to enhance it so that the processes produce value for customers either in facilitating, integrating, coordinating, controlling, optimizing and so forth. An excellent example is technology. Through this tool, SCM is able to automate order processing, warehousing, among other stages in the value chain and make centralization possible and more efficient. Tesco’s continuous replenishment system is a specific example. Then, there is also the so-called electronic data interchange ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“TESCO and the JIT Philosophy Essay Example | Topics and Well Written Essays - 3250 words”, n.d.)
Retrieved from https://studentshare.org/management/1394330-tesco-and-the-jit-philosophy
(TESCO and the JIT Philosophy Essay Example | Topics and Well Written Essays - 3250 Words)
“TESCO and the JIT Philosophy Essay Example | Topics and Well Written Essays - 3250 Words”, n.d. https://studentshare.org/management/1394330-tesco-and-the-jit-philosophy.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Keeping them motivated is also very important and not everyone succeeds in doing so. This paper will shed light upon how Tesco is managed, global challenges and a PESTLE analysis of Tesco will also be conducted in this paper. Tesco is based out of the UK, dealing mainly with grocery items and general merchandising retail chain.
4 Pages(1000 words)Essay
ation 9 Conclusion 10 References 11 Introduction Tesco, a multinational retailer of general merchandise, was founded in London in 1919 by Jack Cohen. Over its 93 years of existence, the organisation has expanded its operations different countries totalling 14 and where an estimated number of 500,000 personnel have been disclosed to serve millions of clientele in a week’s time (Tesco Plc: Our history, 2012).
10 Pages(2500 words)Essay
Managing Activities to Achieve Results
& safety standards for the project 22 Reference 23 Bibliography 27 Company Overview Tesco Plc is the third largest supermarket chain with international operations. The primary activity of the company comprises retailing, retailing financial services and services.
12 Pages(3000 words)Essay
JIT variability
Closely allied to Lean Production methods, the aim of JIT production is to offer value to the customer, when it is wanted and with very little waste. Variability in the context of JIT systems is 'deviation from optimum'. As a result of variability quality and efficiency of the production process gets reduced.
2 Pages(500 words)Essay
Tesco Supply Chain Management Practices Case Study
The director had to adopt the lean production systems similar to the ones that were utilized by the Toyota Company in order to eliminate the occurrence of wastes in their production lines (Ohno, 2005). This approach by the Tesco was developed with the help of James Womack & Daniel Roos experts from the business school in Cardiff.
5 Pages(1250 words)Essay
Tesco Table of Contents 1. The company 3 3. Porter’s five factor framework for competition 4 3.1 Bargaining power of Buyers 4 3.2 Bargaining power of suppliers 4 3.3 Competitive Rivalry 5 3.4 Threat of substitutes 5 3.5 Threat of new entrants 5 4. Competitive strategies 5 5.
5 Pages(1250 words)Essay
An Overview of Tesco Company Tesco was established in 1919 and inaugurated its first store in London, UK in the year 1929. Nevertheless, over the years, the company has evolved to lead the market within the United Kingdom retail food segment. Presently, Tesco is one of the principal food retailers in the globe, running 2, 318 stores while creating employment for over 326, 000 people.
12 Pages(3000 words)Essay
If I was to be in Greg Folley’s shoes, I would take certain measures to curb the recession. First, I would use the company’s savings including available shares to repair and manufacture the damaged couplings. This, I will ensure is done within one
1 Pages(250 words)Assignment
Just in Time (JIT)
The study has shown that the strategy has been successful in Japan. The study has also shown that various fundamental techniques like
10 Pages(2500 words)Essay
Jit &toyota
Management consists of rational assessment of different practical situations and systematic choice of tasks, detailed elaboration of strategies for goals achievement, distribution of resources, rational design, organization, direction, coordination, and
5 Pages(1250 words)Essay
Let us find you another Essay on topic TESCO and the JIT Philosophy for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us