ipl-logo

Fusion Retail Brands Paper

1438 Words6 Pages

Introduction

Operation management is the process of planning, organizing and controlling the activities that takes place in an enterprise using various resources, that includes the transformation of the inputs (raw material or unfinished goods and labor) into the desired output (goods and services) along with maintaining the quality of the product and services for the purpose to increase the profitability of the enterprise (Li, 2014).
In this report, I shall identify the overall input, transformation and output operations of the firm as well as identify the major operation areas that are critical to the competitive advantage of Fusion Retail Brands whiles critically evaluating the performance of each identified area using the appropriate …show more content…

It is a system that maintains the quality and amount of the stock of products according to the present and future need and maintaining the costs of all the processes. The Fusion Retail Brands collects the products from the different brand suppliers and maintain the stock of the products according to the demand of the products by the customers while maintaining the quality of the products. By maintaining the stock of required products, the company meets the demand of the products needed by the customers; it enhances the customers' satisfaction. Hence, the performance of the inventory management of the company is effective (Milner, 2017). …show more content…

It is a process that is related to the availability of the products and to meet the demand of the products through maintaining the product quality. Many times, the company suffered the loss because of unavailability of the products in the stores and delay in the supply of the products. The flow of the products in the different stores is affected due to insufficient supply of the products. The company is concerned about the design and quality of the product which is an advantage for the company that helps to maintain the customer's demand, but the delay or insufficiency of the products affects the profitability. The performance of the supply chain operations of the company is slightly ineffective as the company is facing the problem regarding the operations of supply and demand but the quality of the products is the positive aspect of the company to maintain the customer satisfaction(web.mit.edu, 2017). (dependability)
Performance Measures

Performance measures is an indicator that is used to analyse how well the organisation can achieve the goals, which includes the reviewing of the performance of the distinct functions of the organisation or if any improvement is required. The company is facing some problems with supply chain, and apart from that all the other functions of the company are effective to enhance the profitability, and the performance

Show More
Related
963 Words | 4 Pages

Performance Metrics: Metrics should be established to measure the success of the marketing plan

Read More
243 Words | 1 Pages

As supply chain you need to have good planning on distributing a product and having a game plan of what you are going to do and how you are going to do it. The risk they face is not having good planning

Read More
1409 Words | 6 Pages

The eight performance measures can be related to inventory; financial, customer and market, quality, time, flexibility, innovation and learning, productivity and operational efficiency, and sustainability (Collier/Evens p50). Using an instrument panel as an example will have a set cost-of-goods sold, if this number changes, it would have a financial impact on company performance. In the same way, if there is a quality or time issue in manufacturing, the product will not meet customer satisfaction. When there is a change in product, as stated earlier, inventory is impacted. Production changes need to have flexibility to change the process to fit the new product as well as the volume of other products to ensure the storage capacity does not overflow.

Read More
1669 Words | 7 Pages

Introduction Re-invention and targeted approach towards achieving competitive advantage were the key strategic actions taken to make Trader Joe’s (TJ) from a glorified regional convenience store to a nationwide specialty retailer, and that might just be the most important thing in the supermarket business. The footprint of this success lies in the efficient utilization of the company’s resources and their unique capacity to deploy its resource and capabilities(BB835). The result of such unique circumstances helped TJ to stay far ahead of its competitors in terms of customer satisfaction and brand loyalty. This TMA proposes that, through a company’s resources and capabilities TJ managed to imitate Key Success Factors (KSF) that created value,

Read More
162 Words | 1 Pages

Operations management (OM) is the function responsible for handling the process of the creation of merchandise and services. It entails organizing and handling all the material goods needed to create a company's goods and services. Since operations managements is a directional service it includes handling employees, supplies, data and any factor needed to create the production needed. Operational managements is the essential factor of a company regardless of the size or industry its in. Operations management is the main function of a company (Sanders, 2018).

Read More
1626 Words | 7 Pages

Capital One I will be doing my Milestone One Project on a company called Capital One. Capital One is a banking finance industry that deals with aspects such as finances, investment, mobile banking, along with deposits, withdrawals, checking accounts, savings, etc. I will be discussing Capital One’s Value, Mission Statement, Organizational Strategy, their SWOT analysis, Operational Strategy, Product & Process Strategies, & its Location Strategy. As stated in Chapter 1 of the textbook Operations Management, it mentions right out of the gate that operations are essentially the part of any business organization whose primary responsibility is to produce goods and/or service.

Read More
2269 Words | 10 Pages

Strategic Quality and Systems Management Report Operations Management Operations management is now the most essential part in maintaining organizational systems. Actually operations management means all the necessary activities of an organization like finance, human resource management, research, marketing etc (Elnathan, 1995). Whether it is planning, leading, organizing or controlling, they all are part of an organization’s operations management. Because of the speedy change of the business environment, internal and external factors like market position, market value, possibility etc. (Stanton, 2001).

Read More
875 Words | 4 Pages

As stated in the case “because foreign sourcing does not support just-in-time deliveries, Bose “had to find a way to blend low inventory with buying from distant sources”, Suppliers should be able blend into technological innovation of Bose and be able to respond to Bose ’s needs in a timely manner to bring new products to market as quickly as possible. If not, it could have a devastating effect on sourcing of materials, inventory management and customer service which are core competencies of Bose. Question 2. What should be the relationship between Bose’s supply management strategy and the development of its performance measurement

Read More
1496 Words | 6 Pages

Operations management needs to be effective by making sure that customers’ needs are being met. The production process is the act of combining various immaterial inputs in order to create a good or service which has value and contributes to the utility of consumers. Dymocks The Company will support the sole trader in negotiating great terms with major suppliers in order to achieve the best benefits and discounts. Once an order has been put in with suppliers, the order will then be processed and the goods will be created.

Read More
1860 Words | 8 Pages

Brand described as a network of facilities and distribution options. The researchers argue the supply chain include different functional areas such as inbound and outbound transportation vegetables, chicken and meat, warehousing, inventory control, suppliers foods, supply management forecasting, production planning, order processing and customer services (Dwivedi, Dwivedi and Tewari, 2014). Supply chain management consists of managing the production network from raw material supplier to final customer. Regardless of any doubt, any industry faces a range of challenges in the supply

Read More
1791 Words | 8 Pages

The Value Chain 4 4. Operations Strategy Implications (Store level) 5 5. Inventory Management and Demand Forecasting 9 6. Supply Chain Management 9 7. Quality Management 11 8.

Read More
1069 Words | 5 Pages

Highly competitive pricing for its customers 6. Leading force in a highly competitive Global Market. Walmart’s operations management goal is to maximize productivity so as to support the minimization of costs. There are various quantitative and qualitative criteria or measures of productivity. These are: Revenues per sales unit, Stock out rate and Duration of order filling.

Read More
968 Words | 4 Pages

The purpose of Operations management within an organization is to control the production process and business operations as efficient as possible to achieving overall organizational goal (investopedia.com, 2017). Therefore operation management creates policies, processes and procedures and also use various methods and techniques to maximize profits thus achieving organizational goal. Approaches or Techniques of operation management To improve the operational performance, operation management use various techniques to improve the operational performance. Some of these approaches are: Six Sigma Lean production Queuing theory TQM In this section below some of these techniques or theory has been explained: Six Sigma: Six sigma an effective and significant process improvement theory

Read More
1523 Words | 7 Pages

INTRODUCTION Performance management Performance management is an important part of the company. Companies based on criteria set by the partner for evaluation, so that company manger can knows the performance of employees. Also make the partner aware of their position in the company, pragmatic to complete the work. Background of Starbucks Starbucks is the world’s largest multinational coffee chain.

Read More
1486 Words | 6 Pages

TASK 1.1 Importance of operation management Operations management (OM) is the business function responsible for managing the process of creation of goods and services. It involves planning, organizing, coordinating, and controlling all the resources needed to produce a company’s goods and services. Because operations management is a management function, it involves managing people, equipment, technology, information, and all the other resources needed in the production of goods and services. Operations management is the central core function of every company. This is true regardless of the size of the company, the industry it is in, whether it is manufacturing or service, or is for-profit or not-for-profit.

Read More

More about Fusion Retail Brands Paper

Related Topics

Open Document