The Organization Essay Example | Topics and Well Written Essays - 1000 words

The Organization - Essay Example A focused supply chain strategy has enabled Tesco to strengthen its UK based business and expand it to new global markets. To achieve its purpose of expansion, Tesco heavily relies on comprehensive analysis of its supply chain data. Tesco's supply chain analysis processes have earned it a profit of millions of pounds by recognising various opportunities such as carrying out effective promotions and reducing waste (Sukati & Baharun, 2011). Customers. Customers are the jugular vein of a business enterprise. They are the most valuable asset of an organisation and Tesco is no exception in this regard. The core purpose of Tesco is to create value for its customers and earn their lifetime loyalty. The success of Tesco can rightly be attributed to its widely spread customers who have enabled it to emerge as a market leader of retail business. Satisfaction of customers directly leads to greater sales and profits; therefore, Tesco sticks to two major values when dealing with its customers. No -one tries harder for customers, and Treat people as we like to be treated. Tesco offers a wide range of products to cater the needs of its diverse customers. Although Tesco offers numerous cheap products, Tesco Finest products are a specialty of Tesco, available for its premium customers. Some of the well renowned Tesco brands are Cherokee, F&F and Healthy Living (Clark, 2013). Planning. The purchase request initiated by Tesco’s customers is followed by a production plan that is adopted by its planning department to manufacture a product according to the requirements mentioned by the customer. The planning department takes great pains to prepare a dynamic and vigorous plan utilizing all materials and resources to fulfill all requirements put forth by Tesco’s customers. Suppliers. Tesco has the opportunity to collaborate with thousands of suppliers around the globe who are experts in diverse aspects of business operations. To exchange knowledge with its supply chains a nd keep abreast of the rapidly changing needs of the supply chain industry, Tesco has set up an online Tesco Knowledge Hub to share best practices with its suppliers on an everyday basis (Malley & Palmer, 2010). Being a pioneer in delivering safe and responsibly sourced quality products through its retail stores, the sole purpose of Tesco is to create value for money and gain an everlasting loyalty of its customers. To achieve this goal, Tesco has nine sourcing offices around the world that enable it to source products from across 40 countries and collaborate with a large number of suppliers who are the major contributors in strengthening and materialising its core values. Tesco makes special arrangements for training courses and workshops of its suppliers. These training workshops are aimed at elaborating its standards, creating an awareness of ethical issues and establishing supplier confidence while dealing with all such issues in their respective countries and factories (Malley & Palmer, 2010). Warehousing and Distribution Centres. In Europe, North America and Asia alone, the number of stores is 5,380. It is the undisputed leader of the grocery market in the United Kingdom, where its market share is close to 30 percent. Warehousing and distribution