Impact of Technology on Supply Chain Effectiveness: A Case Study of UK Retail Sector
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This case study analyzes the impact of technology on the effectiveness of the supply chain in the UK retail sector, with a focus on Tesco. It examines the types of technologies used, their impact on supply chain effectiveness, and the challenges faced by Tesco in the absence of advanced technologies.
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To evaluate the impact of technology on effectiveness of supply chain: A case study analysis of UK retail sector
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Contents TOPIC: Impact of technology on effectiveness of supply chain within UK retail industry............1 ABSTRACT....................................................................................................................................1 INTRODUCTION...........................................................................................................................1 Research background...................................................................................................................1 Research rationale........................................................................................................................1 Research aim................................................................................................................................1 Research objectives.....................................................................................................................1 Research questions.......................................................................................................................1 LITERATURE REVIEW................................................................................................................2 Introduction..................................................................................................................................2 To determine the types of technologies used by Tesco within supply chain management.........2 To examine the impact of technology in effectiveness of supply chain for Tesco.....................2 To investigate the challenges faced by Tesco in absence of advanced technologies within supply chain management............................................................................................................2 Conclusion...................................................................................................................................2 RESEARCH METHODOLOGY....................................................................................................2 Introduction..................................................................................................................................2 Conclusion...................................................................................................................................2 FINDINGS.......................................................................................................................................2 DISCCUSSION...............................................................................................................................2 CONCLUSION................................................................................................................................2 REFERENCES................................................................................................................................3
TOPIC: Impact of technology on effectiveness of supply chain within UK retail industry. ABSTRACT Technologies play vital role within the supply chain into United Kingdom retail industry. As it is undertaken the key term that are utilised into supply chain so that to obtain the success and manageoverallbusinessactivities.Also,thisencompassedofvariouspracticesthatare associated with delivery of sources and reaching out to end clients. This is crucial for retail marketplace as this renders their facilities directly to the customers. Retail business may maximise services as well as boost the speed of supply chain through developing upstream and downstream procedures. So, an effectual supply chain render competitive edge for whole retailers.Theultimateobjectivesofefficacioussupplychainmanagementarehighest profitability by developed consumer satisfaction as well as low cost of performing business. Supply chain is the system that is associated with coordination of distinct practices that are associated with manufacturing as well as delivering of items so goods so that business clients may be catered effectually. Supply chain constitutes the huge cost as well as therefore warrants particular concentration. INTRODUCTION Research background Supply chain management is considered as the flow of whole practices that exerted within the businessfromundertakinggoodsfromsuppliersaswellassellingthemtotheclients. Additionally, this is defined as the system that is associated with coordination of distinct practices that are associated with manufacturing as well as delivering of items so goods so that business clients may be catered effectually. Supply chain constitutes the huge cost as well as thereforewarrantsparticularconcentration.Eachstepintoprocedureshighlightsacosts. Through optimising the method not only may costs be minimised but consumers satisfaction is developed. Moreover, it is the network of whole individuals wherein resources and activities of firm and are utilised various technologies. In addition to this, technologies are undertaken as key term that are utilised into supply chain so that to obtain the success and manage overall business activities. Also, this encompassed of various practices that are associated with delivery of 1
sources and reaching out to end clients. This is crucial for retail marketplace as this renders their facilities directly to the customers. Retail business may maximise services as well as boost the speed of supply chain through developing upstream and downstream procedures. So, an effectual supply chain render competitive edge for whole retailers. The ultimate objectives of efficacious supply chain management are highest profitability by developed consumer satisfaction as well as low cost of performing business. Profitability are healthier while costs are controlled and minimised whenever possible. The cost of operations goes down when the raw materials and manufacturing reduced. For this report the chosen company is TESCO, which is known to be the leading and growing grocery and general merchandise retailers. Its headquarters is in Research rationale The key rationale beside the present study is to accumulate the acknowledgement associated with supply chain management as well as role of technologies in respect of forming the effectualness of supply chain. While on other side, the recent investigation is related with dual conceptions like professional as well as personal. For the recent investigation regarding personal perspectives the study might enhance several competencies into study like analytical skill and communication skills. While in respect of professional conceptions the recent investigation might formed understandings of investigator in order to manage the future study in effective way. Research aim “To evaluate the impact of technology on effectiveness of supply chain within UK retail industry: A case study analysis of Tesco”. Research objectives To determine the types of technologies used by Tesco within supply chain management To examine the impact of technology in effectiveness of supply chain for Tesco To investigate the challenges faced by Tesco in absence of advanced technologies within supply chain management Research questions What are the types of technologies used by Tesco within supply chain management? What is the impact of technology in effectiveness of supply chain for Tesco? What are the challenges faced by Tesco in absence of advanced technologies within supply chain management? 2
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LITERATURE REVIEW Introduction A literature review is referring to the overview of the past research on the particular topic. it is helping to provide survey of sources which help in collecting the overview of a specific topic. the scholarly sources include books and journals, articles, and other sources. It is helping to identify the specific issue or relevant research and also help to find the area of research. It is a written overview of specific topic(Azzuni, and Breyer, 2018). there are five steps of literature review which include be clear on area of research, identify the literature, analysis the gaps, make a structure of review and write a literature review. It is designed to provide the overall information of sources which helps in researching a specific topic. it is also known as the evaluation of the particular literature on the given or selected topic. it is helping to provide summary, classification, and comparison of the particular topic. a good literature review shows the signs of mixture and also help in understanding the topic. it is the piece of academic studies which help to provide demonstrating knowledge of the specific topic. it is also including the critical evaluation of the topic. it is the comprehensive summary of past research on the particular topic. it is helping the researcher to make the present research report more effective and efficient. It is also helping to gain more knowledge about the existing research and help in written the present report with the support of literature review(Bermeo-Almeida, and et.al., 2018). To determine the types of technologies used by Tesco within supply chain management AccordingtothepointofviewofByrom,andMedway(2018),Supplychain management is undertaken as the network of whole individuals wherein resources and activities of firm and are utilised various technologies. In addition to this, technologies are undertaken as key term that are utilised into supply chain so that to obtain the success and manage overall business activities. Also, this encompassed of various practices that are associated with delivery of sources and reaching out to end clients. This is crucial for retail marketplace as this renders their facilities directly to the customers. Retail business may maximise services as well as boost the speed of supply chain through developing upstream and downstream procedures. In addition to this, there are five sorts of advancements in production network the executives. Store network the executives’ advancements assists with gathering the information, mechanization, lessen cost 3
and make the proficiency in the chain. The five advances are the web of things, block chain, AI machine, mechanical technology and mechanization and 3d printing. Comparable to Tesco, they utilized the AI machine innovation since organization has biggest stores and they convert into mechanized distribution centre arrangement which helps in Tesco production network the executives. Furthermore, Technologies assume a crucial part in any organization and association which assists with fostering the and change the associations framework. There are five kinds of Supply chain the executives’ advancements which is utilized to gather the information and give arrangement in powerful and effectiveness way. In setting to Tesco, they utilized the production network the board advances to offer web-based types of assistance to their clients with the aides ofinnovation.ThesetechnologieshelptheTesco’ssupplychainmanagementandits productivity also. Tesco’s aims to provide best online services and products to its customer which help in consume the time and management of the company. The technologies used by Tesco help to increase the company’s performance and its future growth which is the big advantage for the company. Tesco adopted the radio frequency identification technology for making it supply chain management more efficient and effective. As per the point of view ofFERNIE (2018), The technologies which is used by Tesco to improvetheirsupplychainmanagement.Theyusedtointroducethesolutionoflean management for making their supply chain management more successful. Tesco adopted the path-breaking techniques which includes point of sales data continuous replenishment and primary distribution which help to make the supply chain management stronger and more efficient. Tesco used artificial intelligence for working its supply chain management as human intelligence. The supply chain of Tesco is already efficient because there are many loyal customers of Tesco and their suppliers also loyal with them which is the good part for the Tesco operation. Technologies is very supportive term for the Tesco supply chain management which is help in increasing the performance and growth of its operation and business. The supply chain of Tesco has responsible for its global operations because it is getting thousand of products from their company. Tesco’s supply chain management sourcing within the 70 countries where its customers purchase the best quality products. It is helping to increase the ability of their customers and also improving the overall productivity and efficiency while maintain and control the partnership with the suppliers. 4
According to the view ofShafiq, Ahmed, and Mahmoodi (2020), Tesco used the technologiesto improve their supply chain management. They used artificial intelligence technologies which is help in increasing the productivity and performance of the company because artificial intelligence help to change the overall operation and its machines with effectiveness and complete the overall activity of the company in a less time. Supply chain management of Tesco is basically strong because they have loyal supplier, and they produce best services and product in across 70 countries. Supply chain management of Tesco is using the radio identification technology which is helping to improve their supply chain more efficient and effective. To examine the impact of technology in effectiveness of supply chain for Tesco As per Sundar, Kannabiran, and Tigga (2018), the effect of innovation of production network for Tesco, assists with lessening the work cost by shape information catch, it is helps in additional most grounded benefits, Tesco can offer web-based types of assistance with the assistance of innovation, effect of innovation serves to deals discernment for the organization. Tesco can deliverer home convey of items. Advances assists with gathering the data about the market and clients. These all effect of innovations assists with companying's future development. Technologiesinfluenceon TescoSupplyaffixtheboardassistswithmakingagigantic arrangement to decide and distinguish the data about the clients and market. It is helps in create a gain. They can offer web-based types of assistance which is the point of the organization. They can give home conveyance which is assists with acquiring the clients experience. Advances helps the Tesco to permits the clients and public to make the instalment online which assists with saving the hour of the clients and representative. The impact of technologies in making the supply chain management of Tesco more effective help to change the business operation of supply chain which help in increasing the productivity and performance of the company. Technologies play a vital role in effectiveness of supply chain of Tesco because it is help in profitability of the company and in future growth. As per the view ofBrewer, and et.al (2019), the impact of technologies on the supply chain management of Tesco is help to make the supply chain more effective because it is provide so many solution to the company which help in effective and efficient working and also change the overall environment of the company including its operations, process, financial services, management etc. the supply chain of Tesco is improved with the help of technologies which is 5
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make the company more productive and successful. The impact of technology help to increase the customer purchasing behaviour because customers are comfortable with use of technology within the supply chain. Technologies provide many beneficial services to the company which is help in profitability. The aim of Tesco is to provide online services to their customers at the low price which can be possible with the use of digital technologies. There are many impacts of technologies which is helping to increase the production of the company and also increases its business operation performance with the use of technology. The term of technologies is providing many techniques to facing the issues within the company. It is provided online payments, online delivery, online services which help company’s production. Technology is the term which is used by every company and sector for smart working and efficient working but in the case of Tesco, technologies is used for the improvement of their supply chain management According to the view ofByrom, and Medway (2018), the impact of technologies playing and supporting role in every company’s operation and business which is helping to change and transform the overall company production and management which increases the productivity and performance of the company. In context to Tesco, the impact of technologies on the supply chain of Tesco help to created it more effective and efficient or it is called that the supply chain of Tesco is strong because of the support of technologies. Digital technologies is helping in drastic change the management of the company and also increases its production with the help of Artificial intelligence. The impact of technology help to provide and support the external and internal parts of the company which is help in support of the company directly. Impact of technologies in the company help to provide many beneficial services which is help in increases the productivity of supply chain and make its more efficient and effective. Technologies playing and vital role in support of supply chain because it is helping to increase the efficiency and performance which is helps in future growth of the company. It is also maintained the supply chain of Tesco for future growth. To investigate the challenges faced by Tesco in absence of advanced technologies within supply chain management As per the perspective on Mazurek, and Małagocka (2019), there are many difficulties which is looked by the Tesco inside inventory network the executives including they confronted that workers has absence of information about the advancements, they confronted that there are numerous few issues in making the payments including networks issues, bank server down and 6
numerous others, they confronted that there is a protection issues about the organization's data which isn't secure because of innovation. The absence of digital technology makes many issues in the innovation and creation of the company. Tesco faced that due to absence of technology, the supply chain management is getting slow which is reducing the performance and productivity of the company. They faced that their workers are not doing well with their job they were slow due to absence of technology which is the big disadvantage for the company. They faced that there is no customer engagement they are failed to attract more customers because customers are attracting towards the technology. They faced that there is an issue in online payments and online delivery which is not good the services of the company. These all challenges creates many disadvantage for the company which affects its supply chain management and its operational production also. According to the view ofPantano, Pizzi, and Rogers (2020), there are many challenges in the absence of digital technology which is faced by Tesco. They faced that there is no smart working within the company. There is some workers who has no knowledge of advanced technologies which is the biggest issued for the company. They faced that there is no more effectiveness in the supply chain management which reduces its customers and services also. They faced that in the absence of digital technology there is lack of employee engagement which is not good for the company. Technology is used by everyone in today culture because it is help in effective working and complete the overall project within the time so in the absence of digital technology it is the big loss for the company because if there is no technology then there will be no effectiveworking.In theabsenceof technology,itisreducingtheproductivityand performance of the company which is the disadvantage for the company. The digital technology helps to provide many techniques within the industry which help in productive working but there is no technology then there is no productive working within the company. They faced those technologies helps them in smart working of employee but in the absence of technology they faced that there is low performance of their employee which is created an issue for the company. In the opinion toBuchan, and Wang (2018), the challenges faced by Tesco in absence of technology, they faced that there is lack of employee engagement due to absence of technology. There is no effective and smart working within the company. There is many problems is creating while the online payment including networks, bank server etc. which is not good for the financial services of Tesco. They faced that there are low customers because they want online services 7
from the company but in the absence of the technology, they failed to provide online products and services to their customers which is decreasing its customers and productivity also. They faced that these challenges makes its supply chain management is very low which affects its operation and production of the company. They faced many issues and problems due to absence of technology which is not good for the production and performance of the company. It is also decreasing the future growth and performance of the company. Conclusion From the above literature review, it has been concluded that technologies is the most supportive part for every sector and industry which help in drastic change of the organization and also attract more customer. There are many types of technologies that help in change the overall environment and culture of the work. Technologies are supportive because it is help in effective working and smart working and complete the overall process of work within the time or in a less time which is the advantage for any company or organization. There are some technologies which is used by the Tesco within the supply chain management that help to support its operations and overall management. They used technologies for the drastic change in their supply chain management which help in attracting more customers and increase the productivity and profitability of the company. It has been analysis that the impact of technologies on the supply chain of Tesco is very effective because it is changing the overall management as well as its operation with effectiveness. Technologies is the most supportive term for the supply chain of Tesco because it is a big retailing company of UK which aims to provide best services to their customers at low cost. It has been analysis that there are many challenges in the absence of advanced technologies which is faced by the supply chain management of Tesco. They faced that there is low productivity and profitability in the company. The supply chain management is running slow due to absence of digital technology, so it is necessary to having the technologies in the company. 8
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RESEARCH METHODOLOGY Introduction Conclusion FINDINGS DISCCUSSION CONCLUSION 9
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