Operation Management Practices in Tesco: Impact, Technology and Supporting Functions
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This report analyzes the operation management practices in Tesco, a multinational British retailer company. It covers the impact of operation management practices, evaluation of technology, and supporting functions for ensuring organizational success.
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Executive summary Operation management is the term of management which is the process of controllingandmanagingthebusinesssystem(Brecht,2019).Operation management is a important function of management which is help in to control, planning and organising the business activities within specific time period. It is helps to analysis the performance of organisation and also improve the productivity of product & services. In this report Tesco Plc Company has been taken which is the multinational retailer company. Which focuses on provide the better product and services to its consumers. It is the British company which is founded in 1919 by Jack Cohen in England, United Kingdom. In this report operation management practices have been discuss on the Chosen topic Tesco. This report will cover the impact on operation management practice. This report will help to analysis the technologies which is apply on Tesco operation practice. It will also define the support for achieve the success in operation management practices.
Table of Contents Introduction...................................................................................................................4 1. Identify one operation management practice within a chosen organisation............5 2.Criticallyanalysehowthisoperationmanagementpracticeimpactsthe organisation in regards to efficiency.............................................................................6 3. Evaluate how technology could be embedded in this process or evaluate how this has already been achieved...........................................................................................8 4. What supporting functions are linked to this operation management practice and evaluate how can they assist with ensuring organisational success?.......................10 Conclusion..................................................................................................................12 References..................................................................................................................13
Introduction Operationmanagementreferstotheprocesstomanageandcontrolthe business organisation system by controlling, planning, managing etc. it is the term of management which helps to manage the all the operation activities in the business. It is the function of manage the activity of goods and services. It is helps in to manage the people, technologies, information and all the process which is important for produce of goods and services(Lin, and Sun, 2018).Operation management is play a vital role in any organisation to support the overall situation. In this report Tesco company has been taken which is the multinational British retailer company, which produce groceries and general merchandise. This report will define the operation practices within Tesco. It will define the impacts on operation management practices. It will also analysis the technologies. This report also define the supporting function ofoperationmanagementpractices.operationmanagementisprovidesmany services to an organisation.
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1. Identify one operation management practice within a chosen organisation TescoisamultinationalBritishRetailCompanyheadquarteredinWelwyn GardencityEngland,UnitedKingdomin1919byJackCohen.Tescois groceriesandgeneralmerchandisewhichisaworldlargestfoodretailer, operatingaround2,318storesandover326,000employees.Tescoalso provides online services to its customers. As per research it is the third largest retailcompanymeasuredbygrossrevenue.Operations requiredemployee coordination, management and empowerment in retail business, and Tesco has a large number of workers who are meeting with customers directly in stores. Tesco introduces company as into many areas like clothing, furniture, retailing books, toys, internet services, financial services etc. Tesco’s has a shop within 5 countries(Liu, and et.al., 2020). The core function is provide better product & services to their customers and fulfilled their needs and wants. The aim of Tesco to become a leading retailer and provides quality or brand services at low cost. The operation practice of Tesco includes different kinds of aspects, like store designing, services of customer, staff management, money etc. operation management practices help in to analysis the role of organisations. There are some best practices of operation management which includesinformationmanagement,purchasingandorderingthepolices,quality management system, stock control etc. Operation management is define as the process of administration which helps in to maintain the business at the higher level with efficiency. Operation manager helps to support the business in growth and also improve the efficiency of business practices. The term operation management is important for business practices, which is done by department of operation. The theories of operation management is analysis the strategies which is use for structuring the activities of business. Any kind of business activity or practices is done by operation management.It is help in to perform with effectively to improve the business. Operation management is help business to growth in future.
Supply chain is refers to the networks which is between company and suppliers for produce and distributes particular product & services. It is the term of chain which includes such as vendors, producers, distribution, retailers etc. it is a centralized management which is help in flow of goods & services which is transform raw material in to final goods(Ma, Zhang, and Wang, 2018).In context to Tesco, the transform in Tesco's supply chain can be classified in five phases, there are different kinds of phases in supply chain which are given below- Direct Delivery:Tesco's suppliers had well organized and control. There is no price or range for retailer. Centralization:Tesco's manufactures and suppliers had to supply the product and services to the centres because as per research there is no wide range of product and services in the distribution centres. Composite:Tesco's centre is develop for maintain the product and its quality to supply to the customers. Vertical Collaboration:As per research, Tesco makes the value stream successful and effective. Tesco's focus on the customers’ needs and wants with the help of supply chain. Managing Complexity:As per research, Tesco's supply chain becoming complex day by day which is oriented to global supply chain. Tesco focus on the store design and build the store according to location. 2.Criticallyanalysehowthisoperationmanagement practiceimpactstheorganisationinregardsto efficiency Organisation Management refers to the process of planning, supervising and organising the product and services. It is the process cycle of whole management which is helps in to produce the product and services. An organisation efficiency depends on the management which is analysis that how the management perform. Employee is working with efficiency then the result is also efficient which depends on employeeworking.Operationmanagementisplayavitalroleinincreasethe
employee efficiency for the organisation(Ohyanagi, and et.al., 2019).There are some impacts which is help to maintain the efficiency of company and also perform many kinds of tasks which are as follow- ï‚·Product and Services Quality: It is refer that the quality of product and services which are provided for consumer and satisfied them by fulfilled their needs and wants. The overall attraction of consumer depends on quality of product. Operation management maintain the product & services quality. ï‚·Customer Satisfaction: product and services of market is only based on customer. Customer play a vital role for any business which are able to buying the product and services to the seller. Operation management is help to organise the product and services according to them, which can help to attract the customers and also increase the sales. ï‚·Productivity:itisreferstotheproductionoftheproductwhichisthe necessary part for any new product. It is help in to aware the customers for the product and make them believe that the product is good for them. This all the process is done through by operation management. ï‚·Reduced Cost: the strategy to reduce the cost of product and services is helps in to increase the revenue. It will help in to attract or aware more customer to purchase the product. This overall process of reduction of cost is done by operation management for increase the sales and customers. It is the term which is use when the product cost high. This activity is managed by the organisation. ï‚·Supply Chain: it is refers to the transform of raw materials into finishing goods by process of distributed and shipping is called supply chain. It is help in to improve the revenue with lower cost of the industry. The supply chain management is the process of product supply from one to another. ï‚·Coordination:all the activities in business is required coordination with the help of operation. It will help in to integrated the goals with the help of resources(Song, and (Zhang, 2020). Internal and external impacts of operational management
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In Finance:Operation management’s decision such as in investment and cost. The overall financing position of the organisation is done by operation department and the position of organisation will affect the profitability and assets directly. InHumanResources:Foranyorganisationitisnecessarytohave knowledgeableemployeeincompany.Theorganisationisdependedon employee quality. The operation department aims to manage the human resources. Technology Change:The today’s market situations depends on technology. In the operation management all the things will done by technology. It is also helps in to update the product and services. In context of Tesco, the activities of operations aim to better performance for leading in the retail market. The company deals with many products and services and also aim to provide good quality products to their customers at low cost, which will help the company to increase the customers. 3. Evaluate how technology could be embedded in this processorevaluatehowthishasalreadybeen achieved. The most challenging issue for business operation to insecurity of environment and its technology. For any business there is the risk of other competition on the market. The use of Technologies increases day by day which is help to develop the business operations. Technology help the business to improve the performance for its growth(Sun, Yang, and Yang, 2019).Development of technology helps to provide many opportunities to business to evaluate the business growth. In a company, technologies play a vital role which improves the product and services. Technology helps the business to increase the performance and improve the business growth. It will change the whole system of business. These changes of technology will help in to reshape the workplace. There are some certain changes of technology which is help the organisation change in such ways-
Change the communication: the change in communication in a workplace with the help of technology helps to increase the sales. Where technology introduce new products and services like networks, smart tv, smartphones, social media etc. communication between employee and customers in the organisation is become very easy with the help of Technology. Productivebusiness:technologiesofferssomanynewfeaturesinthe market which makes the business productive. With the help of Technology now days business or organisation become more productive and creative which help in to perform the tasks effectively. Secure the business: technologies provide so many software to secure all the transaction, which will help the business in security. It is also helps in to protect from fraud transactions. Technologies provides so many features like fingerprints and face recognition which help in security of business. Changes in increasement of collaborations: technology change the overall collaboration includes flexibility in communication, understanding. Technology helps to improve the collaboration because it is help leaders to stay in touch with employees(Wei, Qingjuan, and Fei, 2020). Employee Efficiency: technology helps to improve the efficiency of employee which helps organisation to achieve the goals. Technology tools helping the overall process of employee which include daily routine, work etc. The impact of Fourth Revolution on operation management process is affect the organisation innovation and communication. The changes in the organisation impact the digital technology as well. The set of technology innovation helps to develop the industries and company. It is also helps in to interacting with organisation and companies at upper level. Adapting the new technology will help in exchange the information about results. Technology also provides the digital connectivity in the wide area. Paradigms theory of technology define as the term which state that use of technology and development of technology in today’s culture is right because everypersonororganisationdependsontechnology.Technologymakes organisation better(Wu, Zhen, and Zhang, 2020).
In context of Tesco, they use the technology for transform the programs within the organisation. Technology helps theorganisation to control the overall data records for future growth. This change of digital transform of Tesco help in digital business. 4.Whatsupportingfunctionsarelinkedtothis operationmanagementpracticeandevaluatehow can they assist with ensuring organisational success? The support function of operation management is the term of functions which is helps to analysis the performance of operation department. The support functions help the organisation to improve their performance which will also improve the management as well(Xiao, and et.al., 2018).There are some functions which helps the operation department in effective working and improve the performance, the supporting function are as follow- ï‚·Monitoring the production of goods: it is refers to the daily production of goods in management. It is the long-term process because it is analysis on daily basis. Products and goods production is the activity of business which is done through by advertisement. ï‚·Inventory management: it is refers to the control of the inventory on cost which is extra payable for customers. The problem of loss and extra cost faced by management and solve it with inventory cost. It is help in to achieve the success and better performance. Analysis the team member performance: support function will help in to analysis the performance of team members which will help in to control the efficiency of employee. This function is help to support the employee. Employee performance is supported by the operation management(ZHAO, and et.al., 2020). The supporting functions plays important role in operation management practice. Some are given below:
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Motivation of employee:Employee motivation play a important role in every organisation. Thesupport function of operation management will help to motivating the employee which help the organisation to achieve the goals with effectiveness. Utilization of Resources:Operation management’s support function helps to utilize the resources which is proper utilized when the organisation set with different strategies. The utilization of resources will help to make the strategic techniques and method. Met the objectives:the department of operation help to support the achieve the goals and provide the process of strategies to design the objectives and achieve the goals. Improves Goodwill:operation management create the techniques to develop the quality of products which is help to develop the customer satisfaction and also increase the goodwill of company. Operationmanagementpracticesdefinetheactivityofcompaniespractices which help the company to increase the production. This support functions is the set of practices which determinethecompany productionandhelptocontroland produce the production. This theory has so many responsibilities to attend the business operations(Zhao, and et.al., 2018). In context of Tesco, the operation management function support the company with marketing strategies which help Tesco to leading in the retail marketing at the lower cost of products. It helps to control the all the activities of operation which increase the customer experience also increase the opportunities for employee. This management also helps in provide product and services to the customer at the high quality products at lower cost.
Conclusion Fromtheabovestudy,ithasbeenanalysisthattheoperationservices management refers to the term of process which provide the effectiveness of high level.Thisreportanalysisthatthereisoperationmanagementpracticewhich includes supply chain, value chain, quality management etc. the production is control by planning, control of quality, activity of production, it has been analysis that supply chain pf the product help to recognise the product cycle. It has been concluded that there are supporting function of operation management which helps to support the all the business activities which is formed in the management. Increases of technology day by day helps in to make the business or organisation digital. The overall study is analysis that operation management play a vital role in every sector or any field.
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