According to Mintzberg, Ahlstrand and Lampelstrategy can be defined as a plan or a set of rules that have been created to guide the handling a specific situation.
Operations management assignment on: Tesco Company Operations management assignment on: It is evaluated that the Company has achieved a strategic fit between its competitive strategy and its supply chain strategy because of its cost leadership strategy. Cost Leadership It could be stated that the Tesco Company has achieved a strategic fit among its competitive strategy and its supply chain strategy Tesco, Being the international Company, Tesco forms several programs on supplier management to survey basic suppliers and their activities.
It is examined that the Company has taken part in Ethical trading in order to maintain the relationship with Suppliers. This strategy shall be based upon the ability of the Tesco to monitor their cost of operating so they become able to price their goods competitively and able to create higher margins of profit and having a great competitive advantage.
It can be said that cost leadership strategy followed by the Tesco helps in achieving a strategic fit among its competitive strategy and its supply chain strategy Tesco, The approach of the company is to maintain unique association with the suppliers. Applying latest technology in its communication and coordination with suppliers and the Company aims to monitor the activities of its suppliers and greatly depends upon their efficiency.
In simple words, it could be stated that the Tesco Company is having an effective supply chain with the focus on the capability to create low-cost products by maintaining economies of scale.
On the other side, functional and competitive strategies should fit together in order to develop an overall strategy. As per the strategic fit, both supply chain and competitive strategies should have same objective.
The matter of accomplishing strategic fit is the basic consideration throughout the strategy of supply chain and design phase. If the mismatch exists among what the supply chain does well and the desired customer needs, then in that situation the Company needs to restructure its supply chain to support the competitive strategy of the Company.
The Competitive strategies made by the Company in order to face the competition from the competitors. It is advisable to the Tesco Company, that they should alter the supply management strategy in order to remain competitive in market.
Major Drivers of Supply Chain Management It has been examined that major drivers of the supply chain performance comprises of three cross —functional and logistic drivers. Logistic drivers consist of facilities, Inventory and transportation whereas cross-functional drivers consist of Information, pricing and sourcing.
Pricing impacts the nature of the purchaser of the services or goods and therefore affecting the performance of supply chain.
Cost minimization is a basic driver behind the concern in the primary distribution. In meeting, needs of the customer, customizing service, better prices, better choices and constant flow of the in-store promotions make brands like Tesco to retain and control their base of the customer.
In current years, a significant change in the food retailing has happened because of the large demand of the users doing the majority of its shopping in the supermarkets which reveals a higher need for the supermarket to sell the items of non-food.
The vision of the Tesco for the primary distribution is in-bound supply chain that is low-cost, visible, effective and efficient. The driver like pricing helps in maintaining the balance among responsiveness and efficiency. Other driver is Tesco which helps the Company in maintaining the balance among responsiveness and efficiency.
From the last many years, the Company Tesco has been supporting expertise and British jobs by motivating great branded suppliers to form exclusive facilities of production Boxall, But in current years, the Company has experienced the need to view abroad for goods which are no longer accessible in U.
K, but made to do it with the help of long-established partners of U. The foods remained to be UK -based because of the successful variety of the prepared foods. In current time, two main sources of technological innovation are enhanced supply chain-focused technology and online provisions markets like smart tags.
Both are resolving enhanced efficiency of the goods provision and supply and regions of the consumer-related innovation around traceability and convenience. The Company wants its users to fill up their trolleys and remains to be friends with Earth Finch, The Company is informed about the climate change because the effects of the climate change impacts the whole supply chain.
It is required to reduce the carbon from the cradle to grave of products on its shelves. It is examined that products of the Tesco are transported by the train not by the road. Tesco must look for the alternative modes of transportation. It is advisable to the Company to take care of the carbon footprint in order to manage the supply chain of the Company.
The Company is also required to cut the energy consumption in order to manage the company supply chain.Essay: Stategy for change management Strategy is a set of procedure for direction of organization behavior. Alfred defined strategy as ‘the determination of the basic long-term goals and objectives of an enterprise, and the adoption .
Executive Summary. Operations Management plays a key role in achieving the main performance objectives of Tesco. Whether the current operation objective is to improve customer service or to increase profitability, the way in which Tesco utilises its resources will have a significant impact.
() points out that quality is a particular important objective to all operations, as quality is an important aspect of customer satisfaction or dissatisfaction and quality operations could both reduce costs and increase dependability.
“The way that operations organise the level of value- added activity, which they can achieve under normal operating conditions over a period of time.” (Slack, N. et al, ) Tesco is a large supermarket, which sells lots of different products. Tesco's operations stategy Words | 14 Pages.
maintain its leading position in the market. Therefore, Tesco's business success indicates that effective operations strategies have played a vital part in supporting and driving its whole business objectives which is "to create value for customers to earn their lifetime loyalty".
Tesco's operations stategy. Topics: Management, Operations Essay Allow me to start by saying “The Goal” was truly an enjoyable experience in learning the fundamental concepts of operations management. This was a non-traditional and fun way to .