Tesco Supply Chain
“The Evolution of Supply Chain Management in Retail Sector of Tesco and Analytical
Study for the Period of 2005-2011”
Chapter One: Introduction
1.1 Introduction
Supply chain as a whole can be seen as the flow of water in a river: organizations located closer to the original source of supply are described as being 'upstream ', while those located closer to the end customer are 'downstream '. The flow of the whole river is being concerned. In other words, supply chain is a network, which for tangible goods covers purchasing of raw materials, manufacturing, assembly and distribution of finished goods to the client (Burch, 2007 ,
14). The supply process acts as the bridge between core competencies and markets. The ability to manage this process along with the strategic core is crucial to market success. There is a need to contemplate the scope of strategic thinking and action at two sections. The first is the strategic role of supply chain management, and the second is the benefit achieved from supply chain management (Basu and Wright, 2007, 11). This research looks to study the evolution of supply chain management in retail sector of Tesco .
1.2 Research Background
In today’s business world competiveness is the key to success experts and entrepreneur worldwide looking for solutions that can bring all there major business major functionality under one roof. The aim has been to drive minimize costs, maximize profits and make the business environmentally sustainable (Wang, 2010. 6). One approach to achieve these goals and one that has recently been the focus of the business academic field is the management of the business through supply chain management.
Blanchard (2007) describes a Supply Chain in the following words,
“A supply chain, boiled down to basics, is the sequence of events and processes that take a product from dirt to dirt.”
In simple words, supply chain management is a holistic management of the business.
Instead of
Study for the Period of 2005-2011”
Chapter One: Introduction
1.1 Introduction
Supply chain as a whole can be seen as the flow of water in a river: organizations located closer to the original source of supply are described as being 'upstream ', while those located closer to the end customer are 'downstream '. The flow of the whole river is being concerned. In other words, supply chain is a network, which for tangible goods covers purchasing of raw materials, manufacturing, assembly and distribution of finished goods to the client (Burch, 2007 ,
14). The supply process acts as the bridge between core competencies and markets. The ability to manage this process along with the strategic core is crucial to market success. There is a need to contemplate the scope of strategic thinking and action at two sections. The first is the strategic role of supply chain management, and the second is the benefit achieved from supply chain management (Basu and Wright, 2007, 11). This research looks to study the evolution of supply chain management in retail sector of Tesco .
1.2 Research Background
In today’s business world competiveness is the key to success experts and entrepreneur worldwide looking for solutions that can bring all there major business major functionality under one roof. The aim has been to drive minimize costs, maximize profits and make the business environmentally sustainable (Wang, 2010. 6). One approach to achieve these goals and one that has recently been the focus of the business academic field is the management of the business through supply chain management.
Blanchard (2007) describes a Supply Chain in the following words,
“A supply chain, boiled down to basics, is the sequence of events and processes that take a product from dirt to dirt.”
In simple words, supply chain management is a holistic management of the business.
Instead of
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