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Task 1:
It is an attempt at figuring out the key value drivers/ enablers that foster Woolworth to adapt blockchain and how they interplay with each other in the process. In order to do that, key variables (value drivers) have been identified after extensive study of available literature and research papers. A qualitative tool called Interpretive Structural Model (ISM) has been employed to model the value drivers and identify interrelationships among them. The model should help the organizations in ranking the variables according to their importance and eventually identifying the ones most important to them in keeping with their constraints.
Our respondents will be industry experts, retail managers and suppliers. It's a qualitative study so we have adopted ISM methodology. We will use snowball sampling to identify respondents because we don't have a repository to retrieve respondent’s data. We will first ask respondent consent then move forward to further processes.
This will be innovative research not the regular one participants may vary. Some will agree some will not agree because of their conventional mindset. ISM methodology will be suitable for this research because we don't have much data and research on this subject. We will use structural self-interaction matrix, reachability matrix, digraph, conical grid, level partition and MICMAC analysis.
The first thing to do is to work on building a private supply chain blockchain. A distributed ledger would initiate the unification of all the nodes in the supply chain network. This would require all the partner organizations to re-engineer their existing platforms.
Further, expert opinion was sought in analyzing the driving and dependence power of the variable of the problem. The validity of the opinion is contingent on subject matter expertise of the expert, which is difficult to measure. The model has not been statistically validated. Structural equation modelling (SEM) can be employed to further test the validity of the hypothetical ISM model. Since, the technology is still in its nascent stage, it was difficult to personally establish contact with experts. Ergo, the research outcome is based on the opinions of only three experts.
Task1.2
We must have professional researchers, tech experts, well trained support staff in adequate headcount to carry out all research work smoothly and effectively.
We must ensure a pool of resources that will be required to get the job done in a timely manner. A robust communication medium among researchers, experts and support staff. We must ensure welfare of participants and provide them with such an experience that helps us to carry out tasks efficiently and effectively. All the critical information should be accessible for concerned authority. Ensure participants provide free and informed consent that is agreement to participate after having been given all the information relevant necessary to decide whether participation is in their best interest or not.
We must ensure a smooth relationship between researchers and participants. If there is any bias in response because researchers misbehave. We must ensure privacy of respondents to avoid collecting demographic data as much as possible and put demographic questions last in surveys questionnaires.
Task1.3
We have adopted four applied tools like action research, case study, interviews and surveys.
Our primary motive for this research is to develop and implement innovative solutions for Woolworths supply chain in order to get ahead of competition in the retail industry. To ensure transparency between different stakeholders so it has involved industry experts and suppliers and managers. We can say that it will be action research because it has involved people and it has impact on companies, stakeholders and the retail market.
We have analyzed numerous case studies to minimize the uncertainty and better understanding of the problem and ability to tackle any uncertainty occurring in processes. We will also interview industry experts and all the stakeholders involved. We will also consider surveys to identify and examine problems more accurately. We will survey Woolworths retail to gather information that will be critical to research.
Executive summary
This report comprises two fundamental areas: Woolworths supply chain problem examination and reflections on the key inquiries, which contain both issue proclamation and a scope of potential ways for arrangement; and a bunch of useful suggestions with their legitimization and reasonable activities.
The supply chain of Woolworths is getting bigger each day and their rapid scaling exposes them to numerous vulnerabilities. Fast changing markets, varied consumer preferences across markets, need for constant innovation and the fast rate of technology obsolescence, among others are some of the biggest challenges facing any business these days. The supply chains need to be robust and on their toes at all times to be as responsive and flexible as possible. Any lags and inefficiencies can be costly.
Also, the occurrence of multiple scams, embezzlements, bank frauds and unethical market practices by the corporates and individuals in the recent past has corroborated that the foundation stones of mutual trust, transparency and morality which are essential to any business, are being shown the door. Blockchain technology- a distributed ledger that holds records of digital data or events in such a way that makes them tamper-resistant-is slated to be a remedy for most supply chain anomalies. Blockchain will make possible a world in which contracts are embedded in digital code and stored in transparent, shared databases, where they are protected from deletion, tampering or revision.
Company Overview:
Woolworths is Australia's biggest homegrown online retailer and our armada of 3,699 stores will keep on being tackled to add accommodation and adaptability for our online clients by the way they interface with us. Around 250 new Click and Collect areas will be added throughout the following two years, taking the complete Click and Collect organization to roughly 1,000 stores.
A decent store network system is grounded in a comprehension of your force and impact comparative with clients and providers' - Cohen and Roussel (2005) Woolworths general stores own the biggest offer (39%) of the Australian $82 billion basic food item area alongside a 9.3 percent edge, which is viewed as world's ideal.
'Lean Retail' working model empowering us to put productivity investment funds into all parts of the client offer Investment funds of more than $500 million being acknowledged across FY15-16 and $125 million previously put into lower costs Zero in on improving the general store client experience through improved help, renovations and creative offers.
The primary period of a Blockchain and Traceability Framework for Australian retail industry is in progress to decrease the danger of false items entering the production network, ensuring ranchers, suppliers and purchasers by expanding on principles previously utilized in vehicle and coordination. Minister for Agriculture, Drought and Emergency Management David Littleproud has reported the main period of a Blockchain and Traceability Framework.
Background of the Study:
Woolworths Supply Chain Alignment with Business Strategy
Customer Needs with the presentation of Aldi and Costco, along with the progressing rivalry with significant contender Coles, Woolworths hasre-presented the 'New Food People' publicizing, and executed numerous self-marked items to decrease costs. Woolworths vital needs for Supermarkets;
Deliver astounding worth with key Supermarkets special missions giving more than $750 million in reserve funds to clients. Normal value emptying was 3.1%.
Improved proposal with Fresh piece of the pie becoming quicker than Grocery In July of 2012 examiner firm Gartner, evaluated Woolworths as one of the best 15 stock chains in Asia Pacific with rival Coles unfit to acquire enough votes.
Woolworths was positioned 6th in the best ten bestby Gartner (Ferrari2014). One could say that Woolworths has adjusted its inventory network with both the business methodology and client needs. It ought to be noticed that with the pertinence of such high rankings from Gartner, Woolworths has considered it significant to allot $1 billion and 10 years to reconstruct its calculated and inventory network structure. It ought to likewise be noticed that as of late Woolworths has lost 2% of the piece of the overall industry to Coles and Aldi. The normal stock out recurrence in significant classifications can be pretty much as high as 20% with some racks looking exposed and messy. Currently the normal in-stock client execution proportion is 48%, which depends on client insight audits finished month to month through advertising overviews of individual store and organized against current orders and conveyances.
Businesses and supply chains today, irrespective of their size and scale of operations, have a great number of challenges to face. These challenges vary from moral to financial to social to environmental. Businesses are all constantly fighting for the top position and in doing so there is a lot that is being compromised. The...