Operations management for creating competitive advantage Essay

Operations management for creating competitive advantage - Essay Example For instance, locations are first selected keeping in mind the country, then the region and lastly the site. Stakeholders, especially the shareholders are taken care of by maximizing the profits of the company and putting back profits in the betterment of the company only. Some of the recommendations that have been given are that of using mathematical techniques in choosing locations and the starting of slotting fees. The budget that will be used is to hire trained human resources and the huge costs for buying backward links that is suppliers. The innovative recommendation is that of using scent marketing. All in all, the company Tesco is practicing efficient operations management but there is always room for improvement, if they want to sustain their position of market leader. This case study is aimed at applying the theoretical side of the study of operations management to a real world company. Operations management is a very broad term and thus it incorporates within itself many various issues and activities through which an organization’s goods and services are changed and transformed from the inputs that were put to the outputs that are produced. It is about the various operations that are performed on the goods and services from the moment their production starts to the moment the customer receives it. In this report, Britain-based company Tesco has been aimed and its operations management activities have been analyzed. Recommendations on how OM activities can be improved have also been given. The report also evaluates the various financials behind the activities as well as the budget that may be required. The problem faced by Tesco is that of sustaining its market leader position. Competition from Sainsbury and other leading retail stores is a big threat for Tesco and it does not want to lose out on market share to these competitors. Thus, improving on operations management is one of the basic things that it can