Operations Management in Tesco

OPERATIONS MANAGEMENT AT TESCO PLC: MANAGING FINANCE, PEOPLE AND INFORMATION TECHNOLOGY AT THE ORGANISATION

Abstract
In this assignment, we will take the case of Tesco to understand the strategies it used to manage finance at the company. The second part of the assignment will concentrate of the human resource management practices adopted by Tesco and the finance part of the assignment will be concerning the information system strategy at Tesco.

Table of Contents

Introduction…………………………………………………………………………..4
PART A: Managing Finance………………………………………………………..4
PART B: Managing People………………………………………………………….8
PART C: Managing Information…………………………………………………..13
References……………………………………………………………………………16

Introduction
In this assignment we will look at three aspects of operations management, which are Finance, human resource and information technology at an organisation.
To understand the concepts better we have selected the case of Tesco Plc., UK.
PART A: Managing Finance
Financial management is a very important component of the operation management at a company. The role of the financial management at the company is to purposefully management the financial resources; present the performance of the organisation in financial terms. (Brigham E.F. and Ehrhardt M.C., 2010) The financial management has to acquire the required capital required for achievement of strategic and tactical objectives at a low cost. The financial management has to anticipate the financial result and maintain the financial balance as per the company’s needs.
Information received by the Financial Management at Tesco
The information that is of importance to the financial management of Tesco is * The investment cost of the funds on the capital market. * The current rates of exchange that are prevalent in the market and short term interest’s rates that s prevalent in the monetary markets. * The financial management synthesises information that provides new investment

References: 2) Brigham E.F. and Ehrhardt M.C., 2010, Financial Management: Theory and Practice, South Western College Publication. (Brigham E.F. and Ehrhardt M.C., 2010) 3) Mondy R.W., 2009, Human Resource Management, Prentice Hall 4) Galliers R.D. and Leidner D.E., 2009, Strategic Information Management: Challenges and Strategies in Managing Information Systems, Information Technology Systems Journal. (Galliers R.D. and Leidner D.E., 2009) 5) Saunders M.N.K., Thornhill A 6) Blazey M., 2008, Insights to Performance Excellence: an inside look at the 2008, Quality Press Publications. (Blazey M., 2008) 7) Bobby D., Boonstra A., and Kennedy G., 2008, Managing Information Systems, Pearson education ltd 8) Bagad V., 2009, Management Information Systems, Technical Publications. (Bagad V., 2009) 9) Lucey T., 2005, management Information System, Pearson Publishers press 12) Price A., 2007, human Resource Management in a business context, Thomson business Press. (Price A., 2007) 13) Sheehan C., 2005, A model for HRM strategic integration, Pearson Publishers