In the increasingly competitive twenty-first century world of integrated business procedures, linkages and expansion, application of logistics and operations is vital to the prospects of modern businesses. Using the global retail giant TESCO as a model, this essay discusses the…
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The various elements of its (Tesco’s) corporate strategy, and their bearing on the numerous aspects of the organisation’s vast enterprise, will be analysed, with a view to determining the nature of the relationship.
An attempt will also be made to identify/evaluate possible areas of improvement in the organisation’s operations management; in addition, the ways in which Tesco’s operations add value to the delivery of its products/services will be explained.
Corporate Strategy is essentially the long-term direction of an organisation. As a global mogul in the retail business, Tesco has a long-term business strategy of: (a) succeeding as an international retailer, (b) being as strong in food as in no-food business, (c) development of its retail services, (d) growth of its core UK business, (e) putting the community at the heart of its activities.
In line with its organisational strategy of success as an international retailer, Tesco has imbibed a Facilities culture that reflects this aspiration. Ideally, organisational business activities should integrate the needs of people (customers and staff), machinery and material to provide a smoothly-functioning system. Tesco’s introduction of Tesco Link, giving its suppliers access to in-store sales and stock availability data, exemplifies this concept (the logistical underpinnings of a smooth flow of materials/goods from the suppliers through Tesco to the consumers, are obvious). This is further enhanced by the Capacity management efforts of Tesco, whereby it utilises an online delivery system to replenish its stores thrice daily, to achieve (in addition to meeting customer needs and the activity-level needs of staff) shorter lead-time in the supply chain and lower inventories (Case Studies From Tesco HSC, 2010). This, the source further notes, has helped the organisation achieve improved product availability and a boost in its labour productivity. There is a connection in the context of obvious benefits to
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s? 10 College Problems: Information Flows 11 Table 1: Focusing Purchasing Strategy 11 Quality Management 12 Conclusion 13 Recommendations 13 References 15 Introduction This report outlines a problem encountered within a further education college relating to the provision of tuition for students.
From providing an insight into the quantity of the inventories being stocked up to regulating the financial investment in the production and storage process, inventory control gives the business a high turnover rate (Periasamy, 2009). It offers several advantages which translate into better finances.
Sustainability is a process rather than an event meaning that it does not take place overnight. In a recent study, it was discovered that container terminal operators who want to attain sustainability first have to cross the road of productivity (Amoyaw, 1999).
In such context, Johnston and Jones (2004) argued that operational productivity and customer satisfaction can be classified as important performance indicators for hotels irrespective of their size and revenue. In such context, Martin and Horne (2001) and Gronroos and Ojasalo (2004) defined operational productivity as the trade-off between output and input of resources.
Despite numerous challenges in logistic and operations management, the company has successfully implemented measures to deal with the challenges. However, for the success of an operation, British airways have considered several aspects of management including staffing and crew personnel to increasing the customer’s satisfaction.
Thus instead of marketing, production, distribution and purchasing - all working away oblivious to the others, and each trying to optimize its individual efforts - the logistics concept suggests that it may be necessary for some or all of these areas to operate suboptimally in order that the whole system may be more effective.
These manufacturing processes are also significant in understanding the functions and operations of modern industrial machines. This paper briefly addresses the various process types in manufacturing and attempts to make a short
e products and services.” (McNamara, 2010) Therefore, operations and logistics management is always related to the long term strategy of an organization. It is an all encompassing term that consists of managing purchases, inventory flow and control, storage, transportation,
Additionally, there are some other activities that are related to operations management such as managing purchases, quality control, logistics, storage, inventory control and evaluation processes (Slack, 2012, p.23). In the
Therefore, the main operational concepts that will be discussed relevant to the case study include:
It will also include the above mentioned concepts to be applied on Al-Jouf International School after their concepts overview. The case study will further suggest possible
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