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Procurement and Supply Chain Management of Woolworths

   

Added on  2023-04-03

13 Pages2502 Words121 Views
Business Development
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Procurement and Supply Chain Management of Woolworths
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Table of Contents
Executive Summary.........................................................................................................................3
Vision, Mission and Strategic Goals of the Company.....................................................................4
Findings of Supply Analysis............................................................................................................4
Findings of Operations Analysis.....................................................................................................5
Findings of Information Analysis....................................................................................................6
Findings of Integration Analysis.....................................................................................................7
Findings of Sustainability Analysis.................................................................................................8
Discussion of the Company's Procurement and Supply Chain Analysis.........................................9
Discussion of Improvement Programs...........................................................................................10
How Improvement Programs Can Assist The Company To Achieve Its Vision, Mission, And
Strategic Goals...............................................................................................................................10
Conclusion.....................................................................................................................................11
References......................................................................................................................................12
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Executive Summary
This paper has acknowledged the supply chain management of Woolworths wherein it has
evaluated the issues faced by the company in terms of supply chains, operations, information,
integration and also sustainability. Moreover, the assignment will also analyse the procurement
and supply chain analysis of the Woolworths and will review the improvement programs being
conducted by the company. Furthermore, the impact and assistance of the improvement
programs in the company’s vision, mission, and strategic goals are also analysed.
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Vision, Mission and Strategic Goals of the Company
Woolworth vision is to deliver quality products and services to its customers each of the time by
the means of pricing strategies, human resources strategies and also food strategy. Woolworth
mission is to deliver to customers the right shopping experience each and every time. The short
term strategic goal of the company is to continue providing higher quality and also delicious
food at the reasonable process for its customers whereas long term goal is to drive social
development and to give focus on the needs of environment (Woolworths group, 2019).
Findings of Supply Analysis
Supply chains make a link with the value chains wherein supply chains make an association with
each of the process which is incurred in an organization starting from the acquiring of the raw
materials to the supply and delivery of the end products to the customers. Since Woolworth is a
growing and popular supermarket in Australia so it possesses a larger number of suppliers to
make the supply of a number of goods. However, it is found that stores have faced major
challenges while managing supply chains which include delivery of the bulk order goods at the
receiving section and shortage of the storing space (Antras & Chor, 2013). Apart from that, it
was found that there is an inappropriate tracking system for the ordering and receiving of the
goods wherein they face issues related to Bullwhip effects. Woolworth is also found to face the
issues of management whereby the company was not able to deliver the goods and services to its
customers and couldn’t provide quality goods and services (Woolworths group, 2019). In
addition to that, the company is also not able to handle the stock of food items effective which
thus leads to the expiry of the products and thus have to be sent in dump (Gereffi and Sturgeon,
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