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Critical Analysis of Supply Chain Strategy

Added on - 23 Nov 2020

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Management Report
Table of ContentsINTRODUCTION...........................................................................................................................3MAIN BODY...................................................................................................................................31. Critical assessment of supply chain strategy into the organization.........................................32. Critically evaluate the key environmental challenges that has affected the supply chainstrategy of the organisation.........................................................................................................53. Evaluate the sustainability of supply chain.............................................................................74. POWERPOINT PRESENTATION........................................................................................8CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................10
INTRODUCTIONSupply chain strategy helps in developing and executing strategies that helps inefficiently integrating the management players of supply chain that includes suppliers,manufacturers, customers and distributors. Supply chain strategy helps in production anddistribution at the lowest possible cost by effectively reaching large range of customers acrossthe globe.Tesco plc is one of the leading retail industry which was founded in the year 1919 byJack Cohen. It mainly deals in groceries, toys, furniture, home appliance, financial services,telecom, software, clothing, petrol and electronics.This study will critically evaluate the supply chain strategy in the organizational context.It also critically evaluate the key environmental challenges that affected the supply chain strategyof the organisation. It further evaluates, whether the present supply chain strategy of theorganization is sustainable or not by critically evaluating with range academic frameworks.Furthermore, it also highlights two strategic supply chain optionsto ensure the success of yourorganisation in the future which helps in smooth functioning of theorganization which leads tohigher operational efficiency, performance and productivity.MAIN BODY1. Critical assessment of supply chain strategy into the organization.Supply chain strategy is the integration of all managementplayers of supply chain thatincludes suppliers, manufacturers, customers and distributors at the lowest possible costeffectively and efficiently. Effective supply chain strategy helps in reaching large market sharewhich leads to higher competitive advantage and long term sustainable growth and developmentof the business (Supply Chain Strategy and Design,2019). Supply chain strategy helps inidentifying how the company will function in a dynamic changing environment which helps insatisfying customer needs and also helps in attainment of organizational goals and objectives.Success of the retail company like Tesco has always been dependent on the supply chainstrategy. Effective implementation of Supply chain strategy into the organization helps indelivering quality goods and services to the customers at lower price which leads to higheroperational efficiency, performance and productivity. Effective supply chain strategy helps in
transforming raw material into finished goods and making goods available to the customers byeffectively building strong supply chain (Dubey and et.al., 2017).Tesco focuses on using lean supply chain strategy which leads to higher operationalefficiency, performance and productivity to reach large number of customers in their market atlow cost effectively and efficiently (Giannakis and Papadopoulos, 2016).Lean supply chain strategy: This supply chain strategy helps in removing unwanted andwaste components or substances from the process (rotopappa-Sieke, Thonemann, andSegmentation, 2017). Lean supply chain strategy helps in identifying valuable and non-valuable part of supply chain which leads to higher operational efficiency for Tesco plc.This supply chain strategy helps in eliminating non valuable components from theprocess to reduce wastage and minimise cost by identifying unproductive parts in theprocess. The key elements of lean supply chain strategy constitute of warehouse,transportation, distributors and customers (Lean Supply Chain Management, 2019).Lean supply chain strategy helps in reducing cost and lowering wastage. Lean supply chainstrategy helps Tesco plc in minimizing wastage by effectively using just in time approach whichhelps in delivering only that amount of goods which is demanded in the market (Purvis and et.al.,2016). Delivering of large number of inventories is wasteful for the company resources. Leansupply chain strategy helps in delivering products and services to the customers at the right time,at the right place and at the right quantity. This supply chain strategy also helps Tesco plc inenhancing customer relationship through lean infrastructure (Swink and et.al., 2017). On thecontrary, lean supply chain strategy has a little room for error but the failure in labour andequipment can adversely affect the entire operations of the business. It may also lead to deliveryinconsistency which may hinder the customer relationship which shifts customer focus towardscompetitors which leads to lower revenue and profits for Tesco plc.Agile supply chain strategy: This supply chain strategy is highly flexible as it helps inquickly adapting to the changing environment like economic swings, change in customerpreference, change in technology (Ciccullo and et.al., 2018). Agile supply chain strategyfocuses on speed, cost efficiency, flexibility, productivity and responsiveness in theprocess of production and distribution of goods. Agile supply chain strategy helps TescoPlc. In making effective decision in accordance to the day to day operations of business
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