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The Challenge of Operations Supply Networks

   

Added on  2020-06-03

8 Pages2309 Words38 Views
The Challenge ofOperations SupplyNetworks

Table of ContentsINTRODUCTION...........................................................................................................................1AUDIT - ANALYSIS AND EVALUATION.................................................................................2SUMMARY.....................................................................................................................................4CONCLUSION................................................................................................................................5REFERENCES................................................................................................................................6

INTRODUCTIONIn modern scenario, supply network operations is a concept which is being synchronisedimplementation of amenable production and logistics process across the flexible reorganisedsupply network for meeting up the demands. Company which is taken for this report is Marksand Spencer which is multi national company dealing in retail sector since 1884. This companyhas been specialised in clothes selling, home products and luxury food items. In 2008 ending,company also started selling branded food products. In current this company has around 980stores across the UK in which 615 just only are of food items. Mission of this company is toformulate high and unique quality services along with the products to every class in economicalmanner. Besides this, core values of the company is the qualities, services, innovation and trust.Strategic approach of the company for the supply network is to deliver of the cost saving.Moreover, distribution centre is being opened in Bradford. This company has been planning forinternational direct deliveries for attaining the objectives. There are number of challenges which are being faced by M&S for the supply networkOperations and major of them are described below: Customers Service: This kind of factor is all about giving out the right kind of productwith the right quantity at the right place and at the right time. This is they major issuewhich is faced by M&S as they deal at global level in 1000 of stores. Cost Control: This can be stated as one of the major challenge which is being faced bythe M&S as the operational cost comes under pressure due to rising cost, high numberof customers, technological factors, increasing rate of labour and commodity pricesincrement (Dekker, Bloemhof and Mallidis, 2012). Planning and Risk Management: Innovation and necessary modifications needs to bedone by the company for staying much more effective and efficient. These needs to bedone by the company so that various changes in market like product modification,new taste, sourcing globally, credit unavailability and many others. Supplier Relationship Management: For M&S it is highly essential for creating,understanding and following mutually agreed standards for understanding the existinglevel of performance and other opportunities for enhancement. Talent: In modern date, it is highly difficult to find out qualified and interested talent.Inventory network pioneers require a broad comprehension of the key capabilities and1

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