Critical Review of Global Logistics for Marks and Spencer
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Added on 2023/06/15
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This report provides a critical review of global logistics for Marks and Spencer, including the firm's supply chain operations and strategy, impact of COVID-19, value co-creation activities, use of appropriate technologies, circular economy and Industry 4.0 alignment, and recommendations on embedding sustainability.
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Global logistics
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Table ofcontent The firm’s supply chain operations and strategy, Impact of the Coronavirus (COVID-19) pandemic on the firm and its mitigation strategies, The firm’s value co-creation activities Use of appropriate technologies for communicating and sharing information and key lessons learnt from the pandemic Circular economy and Industry 4.0 alignment with the firm’s current network structure Recommendations on embedding sustainability considering the firm’s innovation-led lean approaches.
Introduction Global logistics can be described as the process which is related to the managing of the flow of goodseffectivelywiththeconsiderationof supplychainaswellasplacingthemin appropriatemannersothatitisableto consumerisabletoconsumeitintime.This report is based on Marks and Spencer company.
Firm’s supply chain operations and strategy Inboundlogisticactivitiesthecompanyincludesome network which are related to: Sourcingandprocurement: It is related to identifying the potential suppliers of the marks and spencer. Material transportation:Deciding which vehicle to use in the company for moving goods from one place to another. Warehousinganddistributing:Managingmaterial before manufacturing or reaching to customer is one of the effective ways
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Impact of the Coronavirus (COVID- 19) pandemic on the firm It has been determined that COVID 19 will lead to have major impact over Marks and Spencer company and it will lead to influence over global logistic operations. DuetoCovid19,respectivecompanyisnotableto conduct its practices and task in significant manner. This will lead to have major influence over sales as well as profitability of business. Marks and Spencer is one of the largest company and it is providingitsproductsandservicesinlargemarket manner. Due to covid 19, this is not able to perform its practices in proper manner.
The firm’s value co-creation activities Supplychainshavemainlyhad three dimensions that are vertical, horizontal and horizontal position of focal firm into end point. All three dimensionsofsupplychainin respectofMarks&Spencerare described in notes.
Use of appropriate technologies for communicating and sharing information and key lessons learnt from the pandemic Create a crisis team Connect with customers But don’t try to sell them stuff
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Circular economy and Industry 4.0 Innovation is the duty of all M&S employees, not just those with the label "innovation," butinnovation is all aboutcooperationandcommunication. Communicationisnecessaryforfacilitatingthe exchange of ideas and igniting creativity. ManagersofM&Scollaboratewithemployeesfrom varioussectionsofthecompany,from technologists and strategists in our engineers to colleagues in our marketingdivision,tobringdiversepartsofthe company and together enable the exchange of ideas.
Recommendations on embedding sustainability M&Sadditionallymustworkalongwithvalue chain to address important waste issues like worn garments,greenwaste,plastics,andshopping bags. It should work across the operations and reduce wastage,M&Shavebeguntheshifttoamore circular model, with the goal of keeping resources in use for as long as feasible.