The industry we have chosen is the department store-retail industry. Within this industry, we have chosen the department stores of JCPenney and Macy’s. We find this industry, as well as these two companies, interesting from a strategic perspective. JCPenney has recently undergone a massive strategic restructuring in regards to its pricing, brand offerings, and store layout, pushing it away from the typical department store strategy of discounts and coupons. Its new strategy has become much closer to Wal-Mart’s strategy of every day low prices. Macy’s, on the other hand, has restructured with a push from the economic environment to offer higher-end, localized products that you cannot find anywhere else. Our team has come to realize through internal and external analyses that Macy’s has come up the stronger of the two models. They have created competitive advantage through strong relationships with suppliers, differentiating their new product lines, and localizing for consumer needs. Though every day low cost is a great idea and could be catchy with consumers, JCPenney has failed to convey their new objective correctly. They lost touch with the end consumer and will have to catch up in that sense to gain back some ground. It was interesting to analyze and evaluate the new differences between the two department store’s strategies, as well as establishing which has gained the competitive advantage.…
The mission of Morrisons Supermarket, on the other hand, is to secure the growth of its business in a sustainable manner, while at the same time constantly improving the company’s profitability. The strategy to achieve this involves four elements:…
Coles recognises the importance of building Australian businesses that can meet the challenge of global competition. As a retailer employing 100,000 team members, Coles has set itself the ambition of providing a customer experience in our stores that is world-class in quality, service and value. In recent years Coles has improved its operating performance and competitiveness, leading to lower food and grocery prices for Australian consumers. But Coles acknowledges it has to make further improvements to achieve world’s best practice. They are continuously improving the way they operate and are working smarter to ensure their stores are easy to operate and run smoothly so their team members are available to serve the customers. There are always…
This report is being compiled on the request of Aldi Australia. Through this report we are going to be analyzing the management strategies being used by the organization at the moment and provide Aldi with various recommendations on what steps they would have to take to grow and expand operations in the future.…
Abstract: Wegmans is a dominate presence in the supermarket industry on the east coast. There are many attributes that Wegmans prides itself on to have earned a place on the Top 75 Supermarkets Based on Sales Volume, Largest Private Companies in the U.S., and Fortune’s 100 Best Companies to Work For lists. The success is due greatly in part to the company’s operations management. Most, if not all aspects are near flawless, and for those areas that need improvement Wegmans is hard at work. Many of the theories and topics covered in OM331 can be seen in the daily practice of the Wegmans supermarkets.…
Womack, James P., and Daniel T. Jones. Lean Solutions : How Companies and Customers Can Create Value and Wealth Together . : Free Press, 2005.…
Trader Joe’s effectively completes all four of these objectives with great success. The company demonstrates good planning skills when they know there is always room for improvement to their business CITATION Gle11 \l 1033 (Llopis, 2011). They are never completely satisfied. They search looking for ways get new ideas, mainly because their ultimate goal is to make the customer leave happy. They ask customers to complete a consumer response card available at the front counter of every store CITATION Gle11 \l 1033 (Llopis, 2011). When it comes to organization Trader Joe’s employees never fails to be put together. The business values their employees by dressing them in Hawaiian shirts and performing as guides assisting the location of ahi jerky, ginger granola, baked jalapeno cheese crunchies, and even your ordinary foods such as milk CITATION Joh10 \l 1033 (Case 1: Trader Joe 's: Keeping a Cool Edge, 2010). They enter the leading side of things when they hold less stock than a normal supermarket which they believe allows them to sell quality products at lower prices CITATION Joh10 \l 1033 (Case 1: Trader Joe 's: Keeping a Cool Edge, 2010). They control themselves with their cost saving measures “Every penny we save is a penny you save”, says CEO. Trader Joe’s looks at every side of the management process by keeping their stores small and staying away from larger…
The purpose of this written report is to apply the theoretical material and develop a strategic plan for a retail business like topshop.…
Use of the term lean has begun to replace use of the term JIT, and is associated with the Toyota Production system. Lean is broader, although closely related to JIT, and describes a philosophy incorporating tools that seek to economically optimize time, human resources, assets, and productivity, while improving product and service quality. In the early 1980s, these practices started making their way to the Western world, first as JIT and then today, as lean production or lean manufacturing. Lean production has evolved into a way of doing business for many organizations. Quality assessment and improvement is a necessary element of lean production. First, as the process of waste elimination begins to shrink inventories, problems with human resource requirements, queues, lead times, quality and timing are typically uncovered both in production and with inbound and outbound materials. Eventually, these problems are remedied, resulting in higher levels of quality and customer service. Second, as the drive to continuously reduce throughput times continues, the need for a continuing emphasis on improving quality throughout the productive system results in the need for an overall quality improvement or Six Sigma program. Six Sigma stresses a commitment by the firm’s top management to enable the firm to identify customer expectations and excel in meeting and exceeding those expectations. Since environmental changes and changes in technology and competition cause customer expectations to change, firms must then commit to a program of continual reassessment and improvement; this, too, is an integral part of Six Sigma quality. Thus, to achieve the primary objectives of low cost, high quality, and reduced lead times, supply chain management requires the use of lean and Six Sigma…
Create an environmental scan for the company indicating the most significant environmental threats and discuss how the company should respond to each threat to ensure that the impact to the business is minimal.…
11. When supply savings and increased sales due to superior supply chain management are combined, it is not uncommon to increase ROI 50%.…
At the last two pages of the article author talked about the resistances and challenge of lean construction. The resistances include difficult implementation of lean construction and conflict with current principles. The challenge is form traditional organization structure – hierarchical organization. Lean construction decentralizes decisions that may weaken top management, so it also requires commitment by managers and all employees in the company.…
Albrecht Discount Inc., globally known as Aldi, is a German based family owned global discount chain of supermarkets. Aldi constitutes of two independent groups, that are Aldi Nord (North) and Aldi Sud (South) legally and economically independent but family related (Aldi Sud Business, 2013). It is the market leader in the industry of international grocery retailing and owns and operates chain of discount grocery stores in Europe, Australia and United States. It’s stores retail and supply general merchandise and food including meat products, fresh meat, frozen and refrigerated foods, sweets and snacks, dairy and bakery products, beverages and pantry items in addition to home care and personal care products (Report Linker, 2013). In the present Aldi Inc.’s strategic analysis is carried out to identify and evaluate its strategies against its business environment to critically analyze whether the strategies pursued by Aldi are effective in maintaining its market leader position or not. In doing so environmental analysis of international grocery retailing industry is carried out to bring about the opportunities and threats the industry is facing and SWOT analysis is carried out to shed light on Aldi’s strengths and weaknesses and opportunities and threats the industry is facing on the whole. Aldi’s strategies are…
Morrisons Plc annual report and financial statement (2011) stated that Morrisons is one of the fourth largest food retailers by sales with an annual turnover in excess of £16 billion and account for 12.8% in the grocery industry (See appendix 1). However, the UK supermarket industry is intense competition so it required more new and effective tools to compete with rivals (Urbonavičius and Ivanauskas, 2005). Hence, for retaining and developing, Morrisons is not only needed to have excellent strategic operation management but also diversified itself in to the new market. This essay will analyze Morrisons’s operations management, its value chain and other aspects relate to quality which leads Morrisons difference from other supermarket.…
Woolworths’ vision is to provide quality products and services to its customers all the time through price strategies, fresh food strategies and human resource strategies. Woolworth’s main strategies are to increase efficiency and be cost effective. To achieve this Woolworths has integrated and implemented several strategies which include every-day low price strategy and; Project Refresh strategy. The every-day low prices strategy addresses this, and attempts to offer customers everyday lower prices through price reductions on all products. Project Refresh is a strategy designed to drive the cost of doing business down. Organisational structure, staff leadership and stakeholders all play an important role in implementing and integrating strategies. Woolworths’ has experienced great success and should continue along the same path through innovative, tactful and profitable strategies. Woolworths fulfilment of its strategies it due to it core competencies and its ability to reposition itself on the market and efforts to differentiate itself. Woolworths are now recording their first billion-dollar profit. Due to implemented strategies profit is up 24.3 per cent. “Earnings before interest and tax topped $1.7 billion - an increase of 32.3 per cent” (ABC2006)…