Operational and Project Management

Operational and
Project Management

Contents
INTRODUCTION.................................................................................................................................3
TASK 1.................................................................................................................................................3
The transformation model and 4Vs of the Tesco Plc.........................................................................3
Performance Objectives of the Tesco Plc..........................................................................................4
Order winner and order qualifier of the Tesco Plc.............................................................................5
TASK 2.................................................................................................................................................6
Identify two operational challenges faced by Tesco Plc....................................................................6
Solutions for the operational issues:..................................................................................................6
CONCLUSION.....................................................................................................................................8
References.............................................................................................................................................9

INTRODUCTION
Operation management refers to managing of business activities in order to create the
possible excellent effectiveness in the business organization. It is the process of converting
the raw material and manpower into the finished product and services in an effective manner
so that the profit it maximized. The management of this kind tries to balance costs with
revenue to that the firm can achieve the highest net operating profit. The following report
looks into the transformation model and 4Vs of the leading retail industry named as Tesco. It
also looks into the performance objectives and order- winners and order – qualifiers of Tesco.
Furthermore, this report also comprises on the operational challenges that are faced by the
Tesco. Moreover, it also contains the appropriate suggestions in order to bring an
improvement in the operations.
TASK 1
The transformation model and 4Vs of the Tesco Plc.
Transformation model is the systematic approach that provides the control and direction of
the processes that transmutes the raw material into the end product and services for the
customers. The transformation model that describes nature of operations is explained as
below:
 The input resources that are transformed into the finished goods are to be sold to the
consumers.
 The transforming resources that are converted from the input into the outputs are
employees, staff, labor and other facilities like billing machined and computers.
 The output involves satisfaction of the customers, goods sold and the profits made out
of the goods sold (Ahmed and Al Yasiri., 2021).
For differentiating in between the operation procedures there are 4Vs that are taken into the
consideration. They are namely volume, variety, variation and visibility. They are as follows:
 Volume part of the operation rely on the quantity of goods and services that are
produced by the operation. Tesco is the retail organization and the output is the
number of customers served by the company. Tesco has large number of customers as
compared to the other small retail shops this is because the business offers the
products at the low prices comparatively. The prices are comparatively less because