StudentShare solutions
Triangle menu

Operation anagement - Essay Example

Not dowloaded yet

Extract of sample
Operation anagement

7-Eleven has retained its competitive edge by continually refining inventory to meet the changing needs to its customers. Today, stores sell everything from fresh deli sandwiches to prepaid telephone cards, and store managers closely monitor inventory to see how fast each product is moving off the shelves. Ultimately, the inventory in any given store is determined by customer demand at that specific location. 7-eleven manages its store inventory through a centralized item master that maintains price and product information for every item its stores sell. The information is being forwarded to 7-eleven's suppliers to enable buyers and vendors to more easily communicate electronically. The item master with a larger enterprise system, manage prices on each item, in every store, in real time, allowing the company to respond quickly to changing market conditions. 7-Eleven is also using a e-procurement for store equipment and other supplies. Previously when the company wanted to upgrade or replace equipment, it would contact a few known vendors, request a price, and choose the lowest offer. Today 7-eleven is implementing the use of the Procurement solution. It enables 7-eleven to reach literally dozens of global suppliers with a single detailed Request for Proposal form, and then hold an online auction that determines the absolute best available price.
It' ...Show more

Summary

7-Eleven the convenient store that never sleeps and has a 5,300 convenient store worldwide is adopting a new system of their inventory. A hybrid inventory system is being used by 7-Eleven to be able to help them in their inventory. In inventory systems, when a shortage occurs, incoming demands are handled either by emergency orders (or lost sales) or backorders…
Author : gblick
Operation anagement essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Operation anagement"
with a personal 20% discount.
Grab the best paper

Related Essays

Operation management
Coping with change as investigated involves important skills in leading people (Kotter, 1998). However, due to highly complex nature of management at Apple Incorporated, managing with complexities is also necessary, but in the age of tough competition in Apple’s industry, managing people needs integration with leadership in the actual operations.
10 pages (2500 words) Essay
Operation Management
United States of America (US) is a booming market in the telecom industry and it offers an excellent position for competing in a rigorous manner in the overseas markets. The knowledge, skills as well as advanced services provided by the firms of US telecommunication industry are regarded as vital assets which help in boosting up the country’s exports to the overseas markets with opening up of foreign investment and participation.
24 pages (6000 words) Essay
Operation Plan
In this case a proper market research on the market would be the best move to make. In the market research the needs of the consumers should be well considered. A research on possible competitors should also be considered. According to Lussier (2011) shifting from one operation scope to another requires a greater market research.
9 pages (2250 words) Essay
Operation Management
It is branded then name Etisalat (Etisalat, 2013). It is based in the UAE. Currently, it operates in eighteen countries across the Middle East, Asia, and Africa (Etisalat, 2013). It has over six million phone subscribers in the region, symbolizing a market access of over 140%, putting the UAE among the most accessed markets around the world (Etisalat, 2013).
10 pages (2500 words) Essay
Operation management
Operation management rely more practical and scientific execution of theories and calculations rather than putting more on theoretical aspects. According to Slack (2004), any operation is concerned about production of products or processing of services. In such context, manufacturing of products raw materials, parts, practice of workers, subassemblies etc while service is pretty much intangible in nature but it needs involvement of employees who would process the service to customers.
10 pages (2500 words) Essay
Operation management
One thing we never want to do is to spend much money for the services or for the goods either. Take for example, when one visits a restaurant; they require good quality food served to them quickly and at a cheaper price. Same to when we visit a hospital, we expect the doctor or nurse to attend to us quickly and give to us the best care.
4 pages (1000 words) Essay
Operation management
But recently the company has started facing major operational issues that are likely to affect the business if the managers do not find effective solutions for these problems in the near future. The company should pay critical attention to improve on the operations management processes and deal with the critical factors underlying the issues in the operations management of Wal-Mart.
14 pages (3500 words) Essay
Operation management
Effective operations management includes principles of quality, lean production, just-in-time, continuous improvement and so on. This paper examines the operations management principles that are reflected in an organisation, Corus Group. The
11 pages (2750 words) Essay
Operation Anaconda
Although they never won, they had damaged the Al Qaeda operations extensively.1 Reinforcement was brought from the Delta Force and Seal Team Six. This has shown how hazardous it is when the enemy is engaged with a small group of skilled people with heavy
1 pages (250 words) Essay
Operation Analysis
The leisure standard consumers were replaced by the Business premium bookings. Sales of business premium bookings were increased overtime from October in year one till date, due to the efficient marketing and
2 pages (500 words) Essay
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Rate this paper:
Thank you! Your comment has been sent and will be posted after moderation