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Operations and Project Management

Pages:
8 page
Sources:
15
Solution:
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Subject:
BUSINESS & MANAGEMENT
Language:
English (U.S.)
Date:
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INSTRUCTIONS:

Assessment Overview

This module will be assessed as follows:

 

-      PART A: a case study-based coursework assignment of 2,000 words focussing on operations management (60% of overall grade);

-      PART B: a 1,500-word coursework assignment that incorporates a business project and process plan (40% of overall grade).

 

This assessment brief is for the both elements of this assessment.

 Each element of this assessment will be marked out of 100 

Instructions 

PART A case study-based coursework assignment of 2,000 words focussing on operations management (60% of overall grade) 

 

This part of the assignment relates to the Marks and Spencer’s case study that follows at the end of the Part A and B assessment instructions below.

 

You are required to write a report covering several aspects of the operations management of Marks and Spencer by addressing the following tasks making use of and applying the case study and relevant operations management concepts from the course materials and your own research as you do so.

 

1. Explain what is meant by supply chain management and critically examine why it is important for Marks and Spencer to exhibit good supply chain management. (20 marks)


SOLUTION:

OPERATIONS AND PROJECT MANAGEMENT

By (Name)

The Name of the Class (Course)

Professor (Tutor)

The Name of the School (University)

The City and State

The Date

Operations and Project Management    

Introduction

Marks & Spencer Group PLC has grown into an international organization depending on Operations Management (OM) and Project Management (PM) activities to build a global brand and recognition. The company has unique retailing principles that enable it to expand to international markets. For example, it does not produce the products it sells because it relies on the supplier relationship. As a retailer, to support its supply chain, Marks & Spencer use this framework to buy and deal directly with its suppliers. As a result, this report explains how the supply chain management, supplier relationships, just-in-time inventory, capacity planning and location of operations can facilitate the company to meet customer expectations.

Supply Chain Management

Supply chain management (SCM) refers to the dynamic control over supply chain activities that allows an organization to provide customer value for money and attain a sustainable competitive edge.  It symbolizes structural determination to establish and maintain supply chains. Marks & Spencer postulates that supply chain activities comprise logistics, sourcing, product development, and information systems (2019). First, the models of SCM dictate that products that reach consumers represent the efforts of various companies. Slack, Brandon-Jones, Johnstn and Betts (2015) explains that jointly these enterprises are known as supply chain. Second, in a supply chain, the majority of businesses solely focus on their activities, and a few learn about the actions of the chain of supply. Through information and physical flows, SCM links various organizations together.

 

 

Importance of SCM

It is clear that this model is an essential factor in most organizations because it determines success and customer satisfaction. As a result, it is crucial that Marks & Spencer exhibit good SCM due to the following reasons.

a.      Reduce the Cost of Operation

·         Minimizes Purchasing Cost: The organization relies on supplier relationships to deliver products and avoid incurring costly inventories. For instance, the business requires quick delivery of lingerie to decrease the cost of purchases made.

·         Diminishes Supply Chain Cost: The success of Marks & Spencer hinges on the efforts of supply chain supervisors to establish channels that deliver lingerie to the end-user at small costs. For example, the company only supplies products based on consumer order to avoid carrying inventories as customer expectations change (Business Case Studies, n.d).

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7 pages |1925 words |Solution Available NOW| OTHERS|

A Study of Project Management Issues in E-Government in Developing Nations

A Study of Project Management Issues in E-Government in Developing Nations
7 pages |1925 words |Solution Available NOW| OTHERS|