Ntuc Fairprice
In this assignment, we are going to focus on 4 aspects of logistic processes
1. Procurement, Purchasing and Sourcing
2. Inventory Management
3. Warehouses and Distribution
4. Supply Chain Technologies
Our project is based on 2 companies, IKEA and NTUC Fairprice. We will describe the 4 logistic processes and how it affects both these firms. The report will also analysis the various logistical issues they face.
Background
NTUC FairPrice
NTUC FairPrice is a social enterprise of Singapore National Trades Union Congress (SNTUC), the only trade union centre in Singapore. Founded in 1973, the vision of the organization was to moderate the cost of living. NTUC FairPrice is now the largest supermarket chain in Singapore, they consist of
1. FairPrice Supermarkets
2. FairPrice Finest
3. Cheers
4. FairPrice Xtra,
5. FairPrice Xpress
6. FairPrice Online
7. providing their service to 300,000 odd customers daily (Superbands).
IKEA
IKEA was founded in Sweden in 1943. Their uniqueness lies in their design furniture for flat packs for self assembly, by the customers (IKEA, 2011). IKEA’s business practice is known for cost control and continuous product development.IKEA is operating in 38 countries.
Although IKEA’s primary intention is to have its end users to transport the furniture by themselves, in Singapore, where many of its consumers may not have their own transport, they also offer delivery service.
Procurement, Purchasing And Sourcing
FairPrice
Firstly, we take a look at Fairprice's logistic processes, Procurement, purchasing and sourcing.
Searching suppliers and conclude agreement
Suppliers require meeting Fairprice’s product quality requirements especially for their cold chain management. It helped Fairprice and suppliers gain competitive advantage by contribute quality products for a long period to the demand customers as it gave positive effect on its revenue.For each product group, only limited number of suppliers can supply.
Receiving stock
1. Procurement, Purchasing and Sourcing
2. Inventory Management
3. Warehouses and Distribution
4. Supply Chain Technologies
Our project is based on 2 companies, IKEA and NTUC Fairprice. We will describe the 4 logistic processes and how it affects both these firms. The report will also analysis the various logistical issues they face.
Background
NTUC FairPrice
NTUC FairPrice is a social enterprise of Singapore National Trades Union Congress (SNTUC), the only trade union centre in Singapore. Founded in 1973, the vision of the organization was to moderate the cost of living. NTUC FairPrice is now the largest supermarket chain in Singapore, they consist of
1. FairPrice Supermarkets
2. FairPrice Finest
3. Cheers
4. FairPrice Xtra,
5. FairPrice Xpress
6. FairPrice Online
7. providing their service to 300,000 odd customers daily (Superbands).
IKEA
IKEA was founded in Sweden in 1943. Their uniqueness lies in their design furniture for flat packs for self assembly, by the customers (IKEA, 2011). IKEA’s business practice is known for cost control and continuous product development.IKEA is operating in 38 countries.
Although IKEA’s primary intention is to have its end users to transport the furniture by themselves, in Singapore, where many of its consumers may not have their own transport, they also offer delivery service.
Procurement, Purchasing And Sourcing
FairPrice
Firstly, we take a look at Fairprice's logistic processes, Procurement, purchasing and sourcing.
Searching suppliers and conclude agreement
Suppliers require meeting Fairprice’s product quality requirements especially for their cold chain management. It helped Fairprice and suppliers gain competitive advantage by contribute quality products for a long period to the demand customers as it gave positive effect on its revenue.For each product group, only limited number of suppliers can supply.
Receiving stock