Table of contents 1.Issues with McDonalds 2.Identification of causes 3.Solutions to counter challenges 4.Kotter'sβ 8-step model for change management 5.Monitoring and control
Issuewith McDonalds οThe current organisational challenge that McDonalds is facing is the issue of inventory management.
Identificationof Causes οThe shelf life all products in McDonalds is limited which is the major reason for the issues of inventory management. οThe factor of perishability makes almost all the food susceptible to pathogens which are food borne if the products, ingredients and other items are not stores hygienically by the restaurants of the company. οMcDonalds faces challenges in understocking, overstocking, waste reduction issues, ensuring the freshness of food items οAn updation of present inventory management system is needed.
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Solutions to counter the challenge οMcDonalds can use an inventory management software which would help in making better decisions. οIt would be able to collect, analyse and predict data in terms of expiration and inventory turn monitoring. οIt can avoid overstocking, forecasting sales, reduction of waste and optimization of shelf life, warehouse location management and reduction in cross contamination cut risk .
Continued.. οFactors like warehouse storage space, number of deliveries, minimum order numbers from vendors and value of the product can be accounted by resource management systems. οUsing Total quality management, Just-in- time technique, Kaizen, change management, effective recruitment and talent management can improve the management within McDonalds
Kotter'sβ 8-step model for change management
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Monitoring and control οBenchmarking:McDonalds can use benchmarking technique to compare its performance metrics and processes with the best practices employed by other companies in food and beverage industry. οPerformance gaps can be evaluated to determine methods for improvement in areas like sales, revenue, customer lifetime value etc. οBalanced scorecard:The four perspectives that McDonalds has to consider are internal business processes, customers, finances and learning and growth. οCommunication of targets by aligning the daily activities that staff performs with the change management strategy,.