In the age of innovation and advancements, the businesses have introduced innovation and modifications in its core functions and activities. Beginning from the product idea and prototype development and continuing up to the development of an original and superior quality product, the organizations apply quality procedures and boosted methods of development.
Outline of the Study
The unique approach, with which the companies adopt the distribution and supply management currently, has been the guarantor of its success. According to Chopra and Meindl, companies in any sector, whether it is retailing or manufacturing adopt the modern and sophisticated methods of operation (2003). Just like other activities, the Supply Chain Management is one of the advanced methodologies to ensure a proper and sophisticated supply and distribution of the goods and services by the firms in an industry.
Tesco Plc has decided to manage it operations globally and expand the business across the globe. The company has facilitated its data centers and the existing servers to participate in the global expansion of the company's operations and its activities. In order to take such a big and risky initiative, it is necessary for Tesco to improve its supply chain and logistics functions. Currently, there are many gaps which occur in the logistics and delivery functions of the organization. If these gaps continue to occur, the organization won't be able to survive in the extremely competitive global environment and will have to manage many hurdles in the path of its progress and prosperity.
This proposal, and the thesis based on it, shall discuss the concept of the Supply Chain Process and the impact of third party logistics on it. In order to elaborate on the literature review of the subject, the research will be done analytically through the case study approach. For that purpose, the case of Tesco Plc will be considered and a comprehensive view of the topic will be provided in the company's context. In order to provide a structure to the study, the exploration will be guided through the use of research methodologies, the collection of data through secondary research and the interpretation of the results.
Background of the Research
For the purpose of researching upon the company, Tesco has been considered to be analyzed in terms of the supply chain process. The investigation will also be performed to judge the impact of third party logistics on the supply chain processes of the organization.
According to Rayportand Sviokla (2006), Tesco plc is merchandise and the global grocery retailer based in Cheshunt, United Kingdom. In terms of revenues, the company has been ranked the world's third-largest retailer after Carrefour and Wal-Mart; ...