Supply Chain Management in Tesco Plc
Added on 2022-12-22
13 Pages3292 Words3 Views
Supply Chain Management
Table of Contents
INTRODUCTION................................................................................................................................3
MAIN BODY......................................................................................................................................3
Concept of Supply Chain Management.......................................................................................3
Inventory Management of Tesco Plc...........................................................................................3
Transportation of Tesco Plc.........................................................................................................4
Warehouse Capacity Management of Tesco Plc.........................................................................5
Competitive advantage to Tesco company.................................................................................5
Supply Chain Management Model..............................................................................................6
Problems or issues related to supply chain of Tesco Plc.............................................................7
Role of manager in solving supply chain issues...........................................................................8
Recommendation........................................................................................................................9
CONCLUSION..................................................................................................................................10
REFERENCES.....................................................................................................................................1
INTRODUCTION................................................................................................................................3
MAIN BODY......................................................................................................................................3
Concept of Supply Chain Management.......................................................................................3
Inventory Management of Tesco Plc...........................................................................................3
Transportation of Tesco Plc.........................................................................................................4
Warehouse Capacity Management of Tesco Plc.........................................................................5
Competitive advantage to Tesco company.................................................................................5
Supply Chain Management Model..............................................................................................6
Problems or issues related to supply chain of Tesco Plc.............................................................7
Role of manager in solving supply chain issues...........................................................................8
Recommendation........................................................................................................................9
CONCLUSION..................................................................................................................................10
REFERENCES.....................................................................................................................................1
INTRODUCTION
Supply chain management in any business plays crucial role in decreasing the purchasing
and production cost of the company. SCM involve the importance of raw material into the
company and exportation of finished goods outside the company via various transportation
facility. So, in the same context the report will discuss the inventory management, warehouse
capacity management, transportation facility of the Tesco Plc. The report will also consider the
competitive advantage the company are enjoying because of their well-structured logistic and
supply chain management along with their impact on customers services. The report will also
state the model of SCM along with the issues company faces and steps of managers of the
company to solve the issues.
MAIN BODY
Concept of Supply Chain Management
SCM is the management in the organization deals with the movement and storage of the RM,
WIP and FG of the company. It does not involve only goods movement but also involve money
and equipment movements. The purpose behind managing the supply chain in the business is
to provide the goods and services to the customers on time and take competitive advantage in
the market (Smith and Sparks, 2019). For example; Tesco company always look that the order
for raw material take place on time, inventory reaches the warehouse on time, there is no
shortage of stock on warehouse. And they also make it possible that processes to convert stock
into finished goods take place on time and goods and services is timely reach to the customers.
The company also make sure that there is no excess inventory in the warehouse which causes
the increase in inventory cost. SCM involves the inventory, logistics and warehouse
management.
Inventory Management of Tesco Plc
IM is a process which involve the purchasing, storing and selling of inventory of the company at
right time, at right level, at right place as well as at right cost or price. Inventory may be raw
material, work in progress and finished goods. For this purpose, company need to implement
the right and suitable inventory management system. There are various of inventory
Supply chain management in any business plays crucial role in decreasing the purchasing
and production cost of the company. SCM involve the importance of raw material into the
company and exportation of finished goods outside the company via various transportation
facility. So, in the same context the report will discuss the inventory management, warehouse
capacity management, transportation facility of the Tesco Plc. The report will also consider the
competitive advantage the company are enjoying because of their well-structured logistic and
supply chain management along with their impact on customers services. The report will also
state the model of SCM along with the issues company faces and steps of managers of the
company to solve the issues.
MAIN BODY
Concept of Supply Chain Management
SCM is the management in the organization deals with the movement and storage of the RM,
WIP and FG of the company. It does not involve only goods movement but also involve money
and equipment movements. The purpose behind managing the supply chain in the business is
to provide the goods and services to the customers on time and take competitive advantage in
the market (Smith and Sparks, 2019). For example; Tesco company always look that the order
for raw material take place on time, inventory reaches the warehouse on time, there is no
shortage of stock on warehouse. And they also make it possible that processes to convert stock
into finished goods take place on time and goods and services is timely reach to the customers.
The company also make sure that there is no excess inventory in the warehouse which causes
the increase in inventory cost. SCM involves the inventory, logistics and warehouse
management.
Inventory Management of Tesco Plc
IM is a process which involve the purchasing, storing and selling of inventory of the company at
right time, at right level, at right place as well as at right cost or price. Inventory may be raw
material, work in progress and finished goods. For this purpose, company need to implement
the right and suitable inventory management system. There are various of inventory
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