ipl-logo

Lean Executive Summary

735 Words3 Pages

Executive Summary

Purpose: Advances in technology and globalization has made satisfying consumer needs a lot harder, particularly the online supermarket retailers. Lean thinking may be a solution of online grocers to gain competitive advantage. However, due to many disconnects between consumers and online grocers these disconnect/barriers need to be identified. The aim for this report is to identify the barriers of lean principals specifically to the online food market. Furthermore, throughout literature will be reviewed to show these disconnect followed by tailored recommendation online grocers should consider when implementing lean thinking.

Findings: As lean management is rare amongst online grocers and there a many disconnects in implementing …show more content…

To gain competitive advantage lean practices such as reducing waste, increasing value for consumers through efficiency resulting in higher revenues has been a great motivator for continuous lean practices (Belavina, Girotra, Kabra, 2016). However, studies show that even though 96% of online Australian which have made online purchases (Nielsen, 2016); that only 1 in 5 online Australian respondents say they’ve bought fresh groceries online (Nielsen, 2016). Although there is growth for online grocers and elements of lean there still seems to be a few disconnects with consumers and their values. Nielsen’s 2016 Global Connected Commerce Report identified that less than 1 in 5 Australians find best grocery deals online, whilst 1 in 3 say online grocery shopping is a time saver and only 1 in 10 believe that the quality of groceries is better found online (Nielsen, 2016). Thus, the main barriers for online grocers are quality, efficiency and cost. Therefore, to effectively implement lean thinking this report will aim to identify the key barriers such as quality control, efficiency and cost. It will discuss it further through thorough literature review and provide realistic recommendations for effectively implementing lean for online food

Show More
Related
1295 Words | 6 Pages

[10] As stated by the chief marketing officer Janet Eden-Harris: “With most consumers satisfied with their grocery-shopping

Read More
998 Words | 4 Pages

Introduction The case study of Trader Joe's by David L. Ager and Michael A. Roberto explores the various and dynamic strategies that have led to the success of one of the most innovative and customer-focused grocery chains in the United States. Unlike other typical grocery stores, Trader Joe’s took the normal recipe the most grocery stores follow and created their own path being a leader in many ways in the industry. The authors examine the company's history, operations, and customer-focused approach, arguing that Trader Joe's success stems from its dedication to three central pillars: private label branding, selective product sourcing, and efficient operations. Because of its emphasis on these pillars, the company has been able to provide its customers with high-quality products at reasonable prices, as well as a fun and engaging shopping experience through its exceptional customer service.

Read More
538 Words | 3 Pages

Nestle repeatedly discusses how the prime goal of a supermarket is to make a profit, and it does that by product placement and having a specific store layout. According to Nestle, “The stores create demand by putting some products where you cannot miss them.” Nestle then goes on to say that because of the manipulation of supermarkets, a shopper is likely to buy more, and if a shopper buys more he or she will likely gain weight. She complains that supermarkets are charging more for smaller size and less for bigger sizes, causing one to buy the larger quantity. She shows the reader that the supermarkets are costing consumers more money and can have a negative impact on their

Read More
1790 Words | 8 Pages

Introduction Good morning, esteemed guests and online viewers, Thank you for joining us in this detailed exploration of Coles, a pioneering force in the Australian retail industry. My name is Bill, and as a retail industry analyst, I will guide you through a nuanced discussion on how Coles leverages its sophisticated Market Information System (MIS), diverse research methodologies, and robust data analysis to stay at the forefront of retail innovation and customer satisfaction. I. Coles: An Overview, History and Evolution Coles was founded in 1914 by George Coles in Collingwood, Melbourne. From its modest beginnings, Coles has grown into a colossus in the retail space, with over 800 supermarkets, numerous online platforms, and a variety of subsidiary brands. This journey has been

Read More
1012 Words | 5 Pages

Considering using more technology inside Trader Joe’s would also speed up business inside Trader Joe’s. 5 – Conclusion This paper has revealed the most powerful and weak spots of Trader Joe’s. Supermarket industry is currently alive and competition between firms are very contentious.

Read More
878 Words | 4 Pages

Trader Joe’s Case Analysis Introduction This case analysis studies the Trader Joe’s retail chain that operates in the U.S domestic market. It identifies the current competitive strategies being employed by the company, the key issues it faces and proposes a number of improvements that are considered useful for the growth of the company in the future. Trader Joe’s is a privately held company that was founded in 1967 by Joe’s Coulombe and it is presently owned by the Albrecht family trust. Since its establishment, the Company carries out its business using the concept of Fresh & Easy Stores and targets the overeducated and poorly paid customers, who were believed to be sophisticated and interested in finding good bargains (Ager & Roberto,

Read More
671 Words | 3 Pages

According to an article in US News and World Report, back in 2000, for every dollar spent at physical stores, just 30 cents were spent online and at mail-order houses, according to government figures. Now, the online category makes up nearly 70 cents for every dollar spent at general merchandise stores. Additionally, online shopping has attuned customers to focusing on price and hunting for the best bargains, thereby shrinking profit margins at many stores (D'Innocenzio,

Read More
1671 Words | 7 Pages

To begin with, the lean methodology is one that is applicable to all industries, regardless of the present systems and approaches towards management (Tsironis & Psychogios, 2016). Therefore, the major decision is to proceed with the implementation of the lean and other improvement processes, even though it should take different approaches. When considering the challenges noted, most of them emerge from the reactions and actions of the

Read More
340 Words | 2 Pages

As the term lean reflects the operation’s goal to eliminate waste from the system, Costco can be defined as a lean company. Some of the efficiencies that Costco obtained, are the fact that it does not advertise and the fact that it has a limited selection of products for sale. Not only they have a limited selection, but their products are not marked up more than 14% over cost. The fact that its prices are not higher than average, is not a synonym for low quality. On the contrary, Costco understands that in order to keep its customers, quality has to be high.

Read More
762 Words | 4 Pages

In Attachment 6, this chart shows how $100 is spent in a typical Centralia Supermarket. This chart breaks down the budget and will show why grocery and produce are specific categories to pay more attention to than others. In Attachment 7, the chart shows the association of store characteristics with major food stores in Centralia. These are the results from the first study that was conducted. The participants scores show how Hi-Value is perceived and compared against their competition.

Read More
440 Words | 2 Pages

The author stresses the importance of making the customer everyone’s business. In addition, Ohtonen points out the need to establish accountability. Per the author, a Lean culture is built around standardized work. The article also maintains that discipline is the driver in Lean

Read More
230 Words | 1 Pages

The lean reasoning is an idea that gives the business philosophy that means to give a smooth working of the association and dispose of the wastage. In stock administration, lean reasoning idea is utilized to discover that what amount of item is required and at what time interim. The fundamental guideline of the lean administration is to diminish the wastage. End of wastage enhances the quality, lessens the cost, and lead time.

Read More
1858 Words | 8 Pages

Executive Summary This report analyses Morrisons’ strategic developments since the beginning of 2000s till present time. Some key strategic directions are emphasized taking into account the impact on the business. Morrisons’ acquisition of Safeway, launch of e-commerce and vertical integration model of supply chain are discussed in detail. In addition, the grocers’ competitive advantage is identified as opposed to its big rivals, namely Asda, Tesco, and Sainsbury’s.

Read More
2170 Words | 9 Pages

Psychographic; the lifestyle and personality of the average consumer determines which products to stock and whether a superstore or smaller store is more appropriate based on the lifestyle of the average customer and their propensity to do large weekly shops, or buy merely the necessities. The average customer in terms of segmentation varies depending on the specific store or online. The volume of their stores, careful analysis of buying patterns in those areas, as well as online availability mean that most of the population shop in Tesco- even if it is not regularly. Catering to the masses has led to Tesco’s corporate brand position at the ‘centre of the market’ (Hickey, 2014), catering to the majority of the populations’ needs in one way or another, as the case study states: ‘appeal to all segments of the market, lower, middle and upper’ through their ‘all inclusive’ strategy. ‘Tesco has pulled off a trick that I’m not aware of any other retailer achieving.

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

More about Lean Executive Summary

Related Topics

Open Document