MGT603 Systems Thinking Proposal: Analysis of Woolworths Issues

This assignment presents a systems thinking proposal focused on addressing Woolworths' inventory management challenges. Part A analyzes the issues, including declining customer satisfaction, poor inventory management, and supplier relationship problems. It emphasizes the need for a holistic approach, considering stakeholder viewpoints and the impact on distribution channels. The proposal suggests optimizing inventory space, implementing quality management tools, and addressing loss prevention through strategic marketing and effective communication with suppliers. Part B offers critiques of two peer assignments, evaluating their holistic approach, stakeholder considerations, and the use of systems thinking tools like the rich picture diagram. The report highlights the importance of a comprehensive analysis and the application of systems thinking to resolve complex business problems.