Strategic Supply Chain for the Success of TESCO Company
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This presentation discusses the strategic supply chain for the success of TESCO company. It explores the agile and lean supply chain strategies and their impact on TESCO's supply chain management.
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SUPPLY CHAIN MANAGEMENT TESCO
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Table of content Introduction Strategic Supply chain for the success of TESCO company Conclusion References
INTRODUCTION Supply chain is process which involves the complete procedure of business from supplier to manufactures to dealers to customers for the goods and services. It involves chain of goods which helps business to easily identify their management work in respect of dealing in raw material, communication systems and finances. Present report is based on TESCO company, which is founded in 1919 by Jack Cohen. It is the multinational groceries stores located in UK. Report will include Strategic supply chain which helps the organization to achieve success in market.
Strategic supply chain for the Success of TESCO company. Supply chain is system which is usually adopted by organization to move their product and services from one person to another. This process helps the company to build brand name in the market (Supply Chain Strategy,2018). There are majorly two types of Supply chain which helps the business to make a strategic planning for the success of business. Agile supply chain Lean Supply chain
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Agile supply chain Under this strategy, the flexibility to promote the product on daily basis and bring the product in market as per customers demand. This supply chain depends upon the customers view point regarding the availability of the product. Generally it is used by the manufactures to produce the products as per their needs and their value increased by profitability of the company. It involves innovation of product which attract the customers towards their brand name and give more profits to the business.
Lean Supply chain It is related to sales and operational strategy of supply chain. In this chain it related to lower the price of product by saving the waste from the product occurs. It helps the customers to prefer the products as customers always demand product with low price and good quality. It requires lot of planning and budget analysis to bring product in the market. The whole strategy depends upon the operational activities of the business. In terms of operational plan it is functional and lasting.
CONCLUSION From the above study it can be concluded that strategic supply chain helps the TESCO to improve their stability in the emerging market. They use various strategies to attract the customers towards their products and use method to maintain continuous supply chain of profitability in the company.
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REFERENCES Books and journals Fernie, J. and Sparks, L. eds., 2018.Logistics and retail management: emerging issues and new challenges in the retail supply chain. Kogan page publishers. Um,J.andet.al.,2018.Aligningproductvarietywithsupplychainandbusiness strategy.InternationalJournalofProductivityandPerformanceManagement.67(9). pp.1837-1853. Online SupplyChainStrategy.2018.[Online].Availablethrough: <http://www.aims.education/study-online/supply-chain-strategy/>.