BMG732 Advanced Operations Management – Assignment Brief – Assignment 2: Professional Report 1 BMG732 ADVANCED OPERATIONS MANAGEMENT ASSIGNMENT BRIEF ASSIGNMENT 2: PROFESSIONAL REPORT ASSIGNMENT...

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Answered Same DayMay 09, 2021BMG732Nelson Marlborough Institute of Technology

Answer To: BMG732 Advanced Operations Management – Assignment Brief – Assignment 2: Professional Report 1...

Akansha answered on May 17 2021
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Strategic Operations Analysis
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Strategic Operations Analysis
) (
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Executive Summary
For any organization it is important to understand that what is their current situation and standing. It is important for an organization to understand where they are lacking behind and how they can improve those operations of an organization to maintain the working and positioning of the company. Thus operations analysis is need to be done for an organization timely. In order to understand and create operational procedures, operational analysis is conducted. Using various numerical models, measurable investigations, and consistent thinking strategies, operational analysis meant to decide whether each area of the association contributes viable to large-scale ex
ecution and advancement of the organizational system. In this article the example is been taken of a company named Foodstuffs located in New Zealand to provide a better sense of strategic operations analysis and its importance and how that analysis could improve the operations of the company.
Contents
Executive Summary    2
1. Introduction    4
2. Operations Strategy of Foodstuffs Ltd    5
2.1. History Background    5
2.2. Current Position    6
3. The Operations Strategy Matrix    8
Capacity of Foodstuff Ltd    9
Supply network of foodstuff    10
Process technology    12
Development and Organization    13
4. Conclusion    14
5. Recommendations    14
6. References    15
1. Introduction
Operational analysis is a system that seeks to ensure that your business plan is tailored to your key arrangement. By analyzing the current execution of a speculation's operational segment and subsequently estimating that against a built-up set of execution parameters and goals, operational investigation can uncover organizational qualities and weaknesses just like any open doors for development (Adamides & Karfaki, 2017). Despite the fact that usually thought of excessively unpredictable, operational analysis is a generally straightforward process that is definitely justified despite the effort. Organizations can assess their profitability through a few reasonable advances and redeploy ventures to ensure that exercises are in accordance with the organization procedure (Chung, 2017).
Foodstuffs Ltd. is a New Zealand-based retail organization. Two staple and alcohol retailers in New Zealand, Foodstuffs North Island Limited and Foodstuffs South Island Limited are jointly claiming Foodstuffs Ltd. Together; the two cooperatives are inspecting 53 percent of New Zealand's basic supply advertising. The company includes several franchises named Four Square, Pak'nSave and New World. The only real competitor of Foodstuffs’ is the Woolworths NZ which is a chain of Australian supermarket, so there is a duopoly in the supermarket industry in New Zealand.
The aim of this report is to understand the Foodstuffs, New Zealand operational strategy used in the past and the ones which are used in present to analyze its impact on the company. Also to evaluate the decision areas of Foodstuffs ltd like their supply chain network strategy, capacity strategy, process technology strategy and the improvement plans (Demeter & Boer, 2011).
Operations strategy of the company helps in shape the long-term capabilities of required operational structure and its contribution to the complete strategy by rectifying market specifications with operating resources. Therefore, the report will help the company improve its operational strategy based on the company's decision areas and performance goals.
2. Operations Strategy of Foodstuffs Ltd
Operations strategy incorporates a portion of the important business variables without which it is beyond the realm of imagination to expect to lead a smooth business operation. These are supply chain components, inventory control, process management, layout planning, and quality control (Kaviani & Abbasi, 2014). When Foodstuffs Ltd. was formed it’s not necessary that all of these operational factors were required in the business. There is huge change in operations strategies and management since then. Many new strategies have taken place and many must have improved as the competition is increasing day by day in the retail industry, and to stand out in the competition the company has to improve and implement the new operations strategies with the time (Majukwa & Haddud, 2016).
2.1. History Background
The Foodstuffs group was first formed in 1922 in Auckland. Then within few years there were various mergers and acquisitions to form a co-operative group. Since the facilities were not that great in those years the company included mainly cash flow, inventory, and supply chain in the operations management. There were very limited strategies related to the operations of the retail company. The supply chain strategies were for short term depending on the demand of the products. The cost of supply chain was also high as there were limited sources for the supply management (Foodstuffs, 2019). The inventory management for Foodstuff was also crucial as there were not so many options available to store the food products for a longer time as the food products were perishable. In earlier time technology was not that advanced due to which many important strategies and management in Foodstuff could not work effectively and thus cost of products and services were higher. Also the focus on layout planning was not much as there was less competition in the market and Foodstuff retail store only focused on selling the products rather than focusing on the presentation as they knew that people will purchase the products from them according to their requirement and not on the basis of fancy presentation (Iansiti, 2015).
2.2. Current Position
Foodstuffs ltd has grown into the New Zealand's largest grocery distributor and one of the country's largest organizations, owned and operated by 100 percent of Kiwi. In the success of company a major role has been played by the operations management with the other necessary departments. In current scenario the operations management and strategies play a significant role in the company's success and growth.
Noteworthy steps have been made in establishing the framework for a cutting edge and strong innovation stage that will make ready for Foodstuffs to be progressively imaginative by the way it cooperates with its client base and offers genuine incentive to our clients, while working effective and productive organizations. The capacity management is been taken into consideration to maintain the quality of the products and the services offered by providing the resources. ERP system is been introduced to take care of the required resources and its effective planning and implementation to benefit the business (Foodstuffs Ltd, 2015).
Most importantly the supply chain management incorporates the DC replenishment capacity, essential and auxiliary transport and distribution centre. The 2014/15 monetary year spoke to a huge year of progress. The significant topics were: the administration and social reset, the improvement of a long haul Supply Chain Strategy, and beginning of an Operational Excellence Program (Foodstuffs Ltd, 2015). Supervisory groups were reset with a store administration and security based ethos as the center establishment. Group commitment improved essentially all through the period with the outcome being the formation of a superior culture all through. The Board certified the whole deal inventory network methodology with its prosperity goals, improving store the board, and reliably bringing the expense of generation organize end-down to end. The procedure is gone for situating the business for the future and will be done over a five-multi-year time frame. The Supply Chain Strategy goes for the working impact of a colossal retail stock system all the bound to experience while setting and unraveling the specialty unit. Also, the procedure...
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