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Jack Cohen's Taxco Supermarket

   

Added on  2020-02-24

9 Pages1513 Words34 Views
Business DevelopmentFinanceLeadership Management
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Running Head: OPERATION MANAGEMENT 1
Effective operation Management
Name of the student
Name of the institution
Introduction
Jack Cohen's Taxco Supermarket_1

Running Head: OPERATION MANAGEMENT 2
A British Multinational General and grocery merchandise retailer, the head office of the
Tesco’s Plc. is located at Welwin Garden city, Hertfordshire, United States. Founded by Jack
Cohen during 1919, Taxco Supermarket was originally a small stall in East London. In 1929, he
opened the first Tesco Grocery Store at Burnt Oak, Edgware North London. In 1932, the
proprietors of this company incorporated it as Private Limited Company. Today, when measured
by profit, it is considered as the third-largest retailer throughout the world (tesco.com, 2017). The
company has stores across 12 countries in Europe, and Asia. The store portfolio of the company
includes Tesco Express, Tesco Extra, Tesco Superstores, and Tesco Metro. Not only that, the
company also have an internet website where the customers can shop from anywhere and get the
home delivery. These stores cater to different types of customer groups and carry a wide-range of
products from grocery to household goods, kitchen utensils, home appliances, and electronics
among the others (tesco.com, 2017).
2. Analysis of Tesco’s OM analysis
2.1 Analysis of Input of the Tesco’s OM management
Input
Money Due to careful selection of product range, the
products at Tesco Supermarket are cheaper
when compared with its competitors
Method The products that are available in the market
are practical, and essential in daily life of the
customers.
Machine The products are procured in bulk and are
Jack Cohen's Taxco Supermarket_2

Running Head: OPERATION MANAGEMENT 3
packaged in an efficient way.
Materials The management of supermarket continues to
procure material designed to conservation of
natural resources, remove global warming and
waste elimination. The management prefers to
display products with limited packaging.
Manpower The company applies stringent quality control
measures not only within the company stores,
but also with its business partners (Bendoly,
Wezel,& Bachrach, 2015, pp. 53).
The Tesco supermarket offers a wide-range of products for the benefits
of its customers, under one-stop shopping marketing strategy. In this regard,
the business strategy of Tesco supermarket as the cost leadership and its
motto is, “Every Little helps”. One of the main competitive advantages of
Tesco Supermarket is economies of scale and the company continues to
experiment with different aspects of business and on occasion, this strategy
continues to revolutionize the retail industry in the country to some extent
(tesco.com, 2017). For example, this retailer introduced 24-hour shopping
experience for the benefit of the customers. Further, the store has
established a lot of click and collect point throughout the country for the
customers who prefer to shop online (Bendoly, Wezel,& Bachrach, 2015, pp. 53).
. 2.2. Analysis of the processes of Tesco Supermarket OM
Jack Cohen's Taxco Supermarket_3

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