Strategic Supply Chain Management Report: TESCO's Success Factors

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Added on  2023/02/01

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This report provides an analysis of TESCO's supply chain management, focusing on strategic approaches and their impact on the company's success. It begins with an introduction to supply chain concepts and the specific context of TESCO, a multinational grocery store. The report then delves into the strategic supply chain, examining both agile and lean supply chain models and their application within TESCO. It explores how TESCO utilizes these strategies to manage its goods and services, from suppliers to customers. The analysis includes discussions on how TESCO builds its brand, responds to customer demands, and maintains profitability. The report also addresses environmental challenges and assesses the sustainability of TESCO's supply chain strategy, supported by academic frameworks. It concludes by summarizing the key findings and emphasizing the importance of strategic supply chain management for TESCO's stability and market performance.
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SUPPLY CHAIN MANAGEMENT
TESCO
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Table of content
Introduction
Strategic Supply chain for the success of TESCO company
Conclusion
References
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INTRODUCTION
Supply chain is process which involves the complete procedure of business from supplier
to manufactures to dealers to customers for the goods and services. It involves chain of
goods which helps business to easily identify their management work in respect of dealing
in raw material, communication systems and finances. Present report is based on TESCO
company, which is founded in 1919 by Jack Cohen. It is the multinational groceries stores
located in UK. Report will include Strategic supply chain which helps the organization to
achieve success in market.
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Strategic supply chain for the Success of
TESCO company.
Supply chain is system which is usually adopted by organization to move their product
and services from one person to another. This process helps the company to build brand
name in the market (Supply Chain Strategy, 2018). There are majorly two types of
Supply chain which helps the business to make a strategic planning for the success of
business.
Agile supply chain
Lean Supply chain
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Agile supply chain
Under this strategy, the flexibility to promote the product on daily basis and bring the
product in market as per customers demand. This supply chain depends upon the
customers view point regarding the availability of the product. Generally it is used by
the manufactures to produce the products as per their needs and their value increased
by profitability of the company. It involves innovation of product which attract the
customers towards their brand name and give more profits to the business.
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Lean Supply chain
It is related to sales and operational strategy of supply chain.
In this chain it related to lower the price of product by saving the waste from the
product occurs.
It helps the customers to prefer the products as customers always demand product with
low price and good quality.
It requires lot of planning and budget analysis to bring product in the market. The
whole strategy depends upon the operational activities of the business. In terms of
operational plan it is functional and lasting.
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CONCLUSION
From the above study it can be concluded that strategic supply chain helps the TESCO to
improve their stability in the emerging market. They use various strategies to attract the
customers towards their products and use method to maintain continuous supply chain of
profitability in the company.
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REFERENCES
Books and journals
Fernie, J. and Sparks, L. eds., 2018. Logistics and retail management: emerging issues and
new challenges in the retail supply chain. Kogan page publishers.
Um, J. and et.al., 2018. Aligning product variety with supply chain and business
strategy. International Journal of Productivity and Performance Management. 67(9).
pp.1837-1853.
Online
Supply Chain Strategy. 2018. [Online]. Available through:
<http://www.aims.education/study-online/supply-chain-strategy/>.
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THANK YOU
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