Review and Critique of Operations Management Principles in TESCO
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This report conducts a review and critique of the execution of operations management principles in TESCO, including the application of lean management and six sigma principles.
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Contents INTRODUCTION......................................................................................................................3 TASK 1......................................................................................................................................3 P1.Conduct a reviewaswell ascritique of theexecutionof operations management principlesinreference toan organization..............................................................................3 TASK 2......................................................................................................................................5 P2. Continuous improvement plan.........................................................................................5 PART 2.......................................................................................................................................7 TASK 3......................................................................................................................................7 P3. Application of stage of Project life cycle, supporting documentation forthecompletion of project................................................................................................................................7 TASK 4....................................................................................................................................12 P4. ReviewandCritique effectiveness of Project life cycle................................................12 Conclusion................................................................................................................................14 REFERENCES.........................................................................................................................15 Books and Journals..............................................................................................................15
INTRODUCTION Operationsaswell asproject managementrefersto a procedure where it is essential to manage issues associated with strategic business in a well defined manner. It is the process dealswithformulatingeffectiveplans,conducting,motivating, controlling and managing the available resources in order to attain organizational objective and goals within a given time frame. The present report is developed on the organization named asTESCO.Companywas founded in the year 1919 which is an international supermarket chain located at the marketplace of UK and established byJack Cohen. TESCOmainly deals in variety of goods and servicesat affordableprice which satisfy their requirements. This assignment help in understanding that implementation of operation management principles within a business entity is quite essential. Along with this, discussion about lean management and six sigma principles are going to be discussed in this report. Furthermore, various theories as well as models are included in this report along withcontinuous improvement plan. TASK 1 P1.Conduct a reviewaswell ascritique of theexecutionof operations management principlesinreference toan organization. Analysisof operationvsoperations management Operationsdefineas the procedure where different functions are undertaken which are finance, marketing, human resources and many more. Managers of the companyTESCO emphasizeon dealingwithdifferentorganizationalfunction in anappropriate andeffective manner.Onthe other hand, in reference tooperationsmanagementitis said that it define as theprocesswhereorganizationneedtoemphasizeoncontrollinganddesigningthe productionprocedure. In addition to this, they also need to work onredesigningvarious operations ofthe businessentityin an effective, efficient andappropriateway. Therefore, managerneed to focus on managing and controlling variousoperationsassociatedwith the productionprocedure. Conductareviewaswellascritiqueoftheexecutionofoperationsmanagement principles.Also relatethisto Six Sigma&Lean principles.
Itis said that there are ample number of operation management principles mainly adopted by the managers and higher authorities ofTESCOsothat they can implement all the business activities in an effective manner. Reality:Ithas been identified thatmanagersof operationsemphasizeon the problems rather than techniques so that they can get favorable results. In reference toTESCO, managersof the company emphasizes onresolvingissues andprobleminorder to attain positive outcomes. Inorder to improve the effectiveness and efficiency along with reducing wastage, managers of the company adopt sig sigmaaswell aslean principles. Thus,it will aid in reducing scrap so that the productivity and performance of the business entity will be improved. Variance:Itrefers to the procedure which is maintained and handled by the managers in an effective manner. With the assistance of adopting lean principles andsix sigma, managers ofTESCO optimumutilizeall the availableresourcesand reduce scrap and wastage. This will help in getting success at the competitive environment as performance and efficiency of the business organization will be improved. Examinethe extentwheretheoperations management meetsalltherequirements of organizationwith the assistance ofappropriate theories, concepts and models TESCO isa business entityoperating atinternationallevelthereforeit isessentialfor thecompanythat they mustmanagetheiroperations inappropriateandeffectiveway.This will leads towards the attainment of organizational goals by increasing productivity of the company. It has been identified that there are ample number of concepts, theories and principleswhichmightbeadoptedbymanagersofTESCO.Someoftheoperation management principles given byRandall Schaefferaregoing to be discussed as follows. Reality:Itrefers to the principle according to which business organization need to emphasize onrealityin whichoperation managementmust examine the issues and problems rather thengleamingtools and techniques. Organization:Asperthisprinciple,managersmustcreateaprocedurein manufacturing which assist them in order to eliminate those resources or activities which will produce similar results ofprofitas well as loss to thebusiness entities. Fundamentals:Asper this principle, itis said that managers must adopt some rules and regulations as well as implement them within the organization so that the efficiency will
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beincreased. Manager need to adopt effective measures and techniques along with rules and regulations so that there wastage and overlapping can be reduced in an effective manner. Change:Accordingto this principle, there are some new theories and concepts which support the business entity in the growth as well as in order to maintain the significance of operational management.Thisasa result bring positive and favorable changes by adopting modifying techniques and tools related tooperation management. Six sigma:Itrefers to a statistical,disciplined, data-drivenapproachwhich aims as continuous development as it assist in reducing or eliminating errors and defects. In the present context of TESCO, managers of the company adopt this approach for reducing errors and improving the quality and efficiency of the company. This is the approach which includes various stages such as identification ofproblems, measuringand examiningthe current procedures, identify causes of such issues, improving the procedure and controlling. All these stages implemented in an effective manner so that the managers can effectively perform their business functions and reducing the errors and defects from the process. TASK 2 P2. Continuous improvement plan It isan ongoingprocessconducted by a business entity so that they can improve the quality and services in an effective manner. For every businessorganization it is necessary to offer high quality service so that they can attract large number of people towards them. A most common model named asPDCAare used by every organizationso that they can improve the quality of offerings. This model is going to be discussed as follows: Plan:First and the foremost step of this plan is to examinetheissues and problems as well as planan effective approach to solveparticular issues in an effective manner. Along with this, team needs to formulate timelines for the execution of plans in an appropriate way. In reference to TESCO,when they want tooffer organic fooditemsit is necessary to conduct research in the market related to the offerings. Therefore, it is necessary to plan everything which leads towards the enhancement of the company. DO:Accordingtothis, organizations execute all the functions and activities on the basis if plans. It is necessary for business to consider time as well as cost which is needed while executing all the activities. In relation toTESCO, managersofthe companyimplement
all strategiesrelatedto the new organic food products. Along with this, for taking positive outcomes managers can take feedback and reviews. Check:Inthis,organizationsmakecomparisonbetweenexpectedandactual performance.Alongwith this, they need to examine the effectiveness of their new offerings at the competitive marketplace. In the present context ofTESCO, managersneedtoevaluate theoverallperformance ofstaffmembers.This willassist business organization in order to conduct improvement in the quality and leads towards the attainment of organizational goals and objectives in an effective manner. Act:The last stage of this model is act where analysis of final outcome takes place and identify that if anysort of changes are required or not.It isessential for the higher authorities ofTESCO,that theytake feedbackandreviews from customers related to their offerings. This will help them in conducting modifications if required to influence large number of customers towards them. In addition to this, it is also very necessary for the management team to pass all the stages in an appropriate manner so that they can improve the overallquality of their offerings. Recommendationsinorder toimprovetheoperational function There are some recommendations given to the management team so that they can improve the operational functions in an effective manner. These are recommendations are as follows: First and the foremost recommendation given to the higher authorities ofTESCOis that they must use some of theoperation management techniques. Thesetechniques are Six sigma,Total Quality management, leanmanufacturingandmanymore.This will help in enhancing the quality by reducing errors from manufacturing process. Along with this, it will help in eliminating wastage and use all the available resources maximum so they can attain organizational objective. Ithas also beensuggested totheorganization that they must examine the risk involved in the development of new products. For this, risk analysis tools need to be adopted by the management team so that they can handle risk as well as uncertainties in an effective manner. Alongwith this for makingimprovements, it isrequired by the top management team ofTESCOthatthey mustprovide traininganddevelopment session to their staff
members. This as a result assist them improving the skills, knowledge and capabilities which as a result produce positive outcomes. Furthermore, this will assist them in improving the overall quality of services offered by company to their customers at the competitive marketplace. PART 2 TASK 3 P3. Application of stage of Project life cycle, supporting documentation forthecompletion of project Overview of MFI MFI isoneof the fastestleading furnituremanufacturing andretailerorganizationin Europeestablishedin1964.Companyhasalmost250 retail outletsatthe marketplace of UK andEurope.MFIoffervariousdesignaswell asqualityof products inmarket, whichrefers to the biggest reason behind their growth and success.Salesdepartment of the company, in year 1993 established effective strategies so that they gain growth and success at the marketplace in long term.This is thestrategywhichwas formulated by the management team so that they can emphasize as well as provide guidance by clearly communicating and taking effective measures. Main motive is to provide high level of customer satisfaction which leads towards the enhancement of organizational goals. Project Life Cycle Itreferstoa sequence ofstageswhich consider every activity from starting phase to end phase of the whole project. Along with this,PLCassist a business organization in gaining anunderstandingrelatedtothe estimation timeframerequiredtocomplete the whole project in effective way.Thisis a method which will help a business entity in performing their task in a proper manner which leads towards the attainment of organizational goals within specified time period. The top management team ofMFIuseproject life cycleso that they gain success and growth of the company. Four stages ofproject life cyclearegoing to be discussed as follows: Stage 1
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Project Initiation: It is one of the important stage of project life cycle,where managers ofMFIexaminetherequirement and demands ofcustomerand then they need to formulate strategies. It isveryessentialfor thetopmanagement team ofMFIin order to providehighqualityservicestouserssothattheycanmeettheexpectationsand requirements.For this,itis necessary to create effective teams in order to communicate the mission and vision clearly. In addition to this, a strategy which is used by the management team is to get feedback and reviews from customersso that they can improve the quality as well as performance of the organization. Business case Executive summary:MFI ismanufacturing& retailing company deals in furniture which is planning to create sales strategies so that they can meet the requirements of users by providing them high quality products and services. Therefore, it is very necessaryforthe higher authoritiesof MFI toexamineneeds and wants of consumer so that they can grow and succeed at the competitive environment. Goal:Themain aim of the business organization is to enhance the sales as well as profitability of the company. Solution:Forincreasing the overall sales, main solution is to give high quality service to their customers. Requirements:For attaining the organizational objectives mainrequirements is to get trained staff members, adopt appropriate tools and techniques and so on. Stage 2 Planning stage:Itis the stage which took place after completing the first phase. It is the stage where top management teams of the company formulate effective strategies and policies so that they can attain positive outcomes. Along with this, top management team of the company adopt business case so that the mission as well as goals will be clear to each team mates. In reference toMFI, managersofthe company distributethe project into differentsmall sections and allot them to the staff members according to their skills. Project plan: The projectconsist of all those elements which is required to be considered by managers in order to complete the whole project in an effective and appropriate manner. These factors are going to be discussed as follows:
Risk: It isverynecessaryforthe management teamof MFI toexamineall the risk and use effective risk analysis tools. This as a result assist business entity in order to eliminate risk level in proper and effective manner. Cost:Another most essential element is cost and it is very much important fir the managers to consider cost before starting the activities and functions ofproject.Ithas been concluded that the wholebudgetneedtobeformulatedbythe finance team ofMFIsothat they can ensure theavailability ofall the required resources. Gantt chart: Itdefineas thebar chartwhichhelp inexplaining the overall time period orscheduleof project.Alongwith this, it is said that this is a graphical representation which define the relationship amongproject activitiesas well asschedulelinkedwith time frame.Below mentioned is the Gantt Chart of the project:
Work break down structure: Itreferstothe technique which is mainly adopted by the management team so that they can distribute whole project into various small sections. This will help them in order to complete the whole project in an effective and appropriate manner and within stipulated time frame. Top management team ofMFIadoptthis method so that they can divide complex task into different small projects which as a result easily attained by the team members in a proper way.
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Stage 3 Implementation stage:Thisrefers to a phase, where all the planned strategies and activities take into action. Along with this, it is very essential for the management team of an organization that they must ensure each and every activityis executedeffectivelyand properly. Inreference toMFI,this is the mostimportantresponsibility ofhigher authorities to assignedproper duties to their employees who can smoothly execute all the required activities in an effective, smooth and proper manner. Plan for monitoringand examining:It isverynecessaryforthemanagers toset standardswhichwillassistingrabbingand enhancingunderstandingrelatedtothe actual and expected performance.Alongwith this, it will assist the organization in order to make development and accomplish all the objective in an efficient manner and within given time period. Stage 4 Closure stage:Thisis the fourth and final stage of PLC where the performance of whole project is being examined and identified by the higher authorities of company. It is necessary for them to check expected performance which will assist in accomplishing organizational goals in an appropriate manner with the help of new strategies and policies. Post project analysis:Accordingto this, managers of the companyMFIis neededto takefeedbacks andreviews fromconsumers on a day to day basis as it assist in understanding their thoughts, perception and opinions towards the company. This will help them in retaining and engaging the users for a longer duration of time which leads towards the increment of profit margin and sales of the business entity.
(Source:Project Life Cycle stages, 2020) TASK 4 P4. ReviewandCritique effectiveness of Project life cycle Withthe help ofproject life cycle, ithasbeen identified as well asevaluated thatthis willhelp inconductingproper planning&implementation offunctionsassociated with the project in an effective manner. It has also been identified that there are different sort of methods whichcan beusedby thetopmanagementauthoritiesofMFIin ordertodetermine the effectivenessand efficiency of project life cycle.Someofthe most essential methodsare goingto be discussed as follows: Milestone: Itreferstoa tooladoptedbyproject managerssothat they can mark specific points which are linked with project timelines.Milestones mainly consist of start date, end date, budget, activities and so on. Top management team ofMFIusemilestone strategieswith the help of which they can gain sufficient knowledge and guidance about the most important or priority task which needs to be performed first. This will help in enhancing the performance and efficiency of the business entity. Target:Itdefines as the predetermined targets which is formulated by the higher authorities needs to be fulfilled by workers within given time frame. In reference to the
present context of MFI, managers ofthecompany set targets which they complete within limited time period and needs to compare withthe actual performance. This as a result aid management team in order to easily examine the performance of project life cycle. Benchmarking:Another essential method, is benchmarking where higher authorities of the organization set some standards related to the cost as well as time needed to complete the project. This as a result assist in identifyingthe effectiveness of overall project life cycle. Projectlife cycle refers to an essential factor which plays important role in completion of the project in an appropriate, efficient and effective way. In reference toMFI,stages of PLC along with the effectiveness are going to be discussed as follows: Initialphase:Thisis the first stage which says that this is effective and supportive phase which help in identifying the current and exact situation. Apart from this, it also includes project overview as well as team mates which are linked with this project.This is the stage with the help of which managers and leaders of MFI can easily start a project and communicate all the information to each and every team members. Planningphase:Accordingtothis, all the strategies, policies, mission related with the project communicate with each team memberlinkedwith the project. Alongwith this, it will help business organization in order to accomplish their goals and objectives in an effective manner. On the other hand, it has been identified that this is time consuming process and produce negative impact if not performed in an effective manner.In relation to MFI, if the managers does not implement planning phase is an appropriate manner than it will create dissatisfactory results. Implementationphase: Itsaysthateffectiveness ofexecution andimplementation stagehelp ingettingnew experience.Therefore, it is very essential for theproject managers thatthey mustensureeach and everyactivities implemented ineffectiveand appropriate manner so that it will produce positive outcomes.In the present context of MFI, it is said that execution phase help in increasing the level of experience of workers in a positive manner. Closurephase: Itdefine as the whole project is accomplished in an effective and appropriate manner. This will help in examining if there is any sort of issues faced by them must be overcome at that point which leads towards the attainment of organizational goals and objectives in appropriate and timely manner.In reference to MFI, it is said that last stage
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of this framework help in overcoming all the issues so that goals and objectives of the company will be attained in an effective manner. Effectiveness of Project life cycle(PLC) Itis said that with the assistance of effectiveproject life cycle,higherauthority and managersof the company make all roles, responsibilities, objectives as well as mission clear to the team mates.Apart from this, it will aidinmonitoringtheoverall or current performance with actual performance so improvementsanddevelopment cantake place inan effective manner. With the help ofPLC,managers ofMFI increasethesalesand profitability of the company in an appropriate and effective way.MFI adopt PLC which creates both positive as well as negative impact on the performance of business as it increases the profitability and sales of the company but on the other hand if not implemented in a positive manner then it will create negative results which reduces the overall efficiency of the company. Conclusion Withtheassistance ofabovestated information, itissaid that for managers of a business entity it is necessary to adoptoperational management techniquessothat they can enhance the overall quality of a product. This will assist them in orderto accomplishpre determined goals of the company in an effective manner and within given time frame. It has also beenidentified that by adoptingSix sigma,lean management,TQMandmany more operations management principles help in improving the process and quality of goods and services. Apartfrom this, with the help ofcontinuous improvement plana business entity can make development and improvement in their products offered by them to their consumers. Thiswill assist them in attracting and retaining customer for a longer period of time. In addition to this, Project Life Cycleconsistof four main stages which help in attaining desired goals in an appropriate manner.
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Heidari, M.R., Heravi, G. and Esmaeeli, A.N., 2020. Integrating life-cycle assessment and life-cycle cost analysis to select sustainable pavement: A probabilistic model using managerial flexibilities.Journal of Cleaner Production, p.120046. Paulillo, A., Cotton, L., Law, R., Striolo, A. and Lettieri, P., 2020. Life-cycle Inventory data and impacts on electricity production at the United Downs Deep Geothermal Power project in the UK.Data in Brief, p.105117.