Perspectives on Operations Management Essay Example | Topics and Well Written Essays - 1250 words

Perspectives on Operations Management - Essay faceAn efficient movements strategy can help the business entities to win the race and stand at top of the crowd in competitive environment. Operations Strategies for new Wal-Mart descent X Comp each is the range of mountains of independent retail outlets in Hartwell in Essex and opening a new Wal-Mart store at acuteness of the town. The advice is needed about the potential drop operation strategy in response to the recent opening of Wal-Mart store. I have prepared a plan for the future business operation strategy for the new Wal-Mart store. on that point are some extracts of my research are mentioned below Operational Strategy According to m each productive financial advisors, Operations strategy for any business has a direct impact on the gainfulness directs and corporate strategy. Structural design is the main element of the trading operations strategy. As the Company X is runnel its business as a retail outlet and want to check off the new business operation strategy for new Wal-Mart store. There are some key points for the structural design of new operations strategy. Meet the objective demand As the company is opening its new Wal-Mart store at the brink of Essex. So the target guests are the people of Essex. In addition, the company can take advantage wee the new customers because of the location of new Wal-Mart store. It is clear that, the company is going to meet with the blue level of customer demand. In this case, the company need to ensure first that it have the capability to meet with the high level of demands. For this purpose, company should access the target demand level and take certain steps to meet with the target demand. Cost of the products If the company want to win the competitive race, then it should zeal the prices of their products that are unbeatable. Management should set the prices that provide the sober value for their products. Services The management of the new Wal-M art store should ensure to provide the high quality services to potential customer. The management should provide the services according to the customers necessity. Use of Technology In current modern trends, technology is referred as a primary toll for an efficient operations strategy. In the case of retail business technology can be used in effective demeanor to manage the day to day operations of the business. For example, use of security cameras to keep an eye on any unusual activity or use of bar code reader to track all the gross revenue in efficient manner. Layout and design of new Wal-Mart store The secret of efficient operations strategy for any retail business lies in the layout and design of retail outlet. Thats why the management of the new Wal-Mart store should set a catchy layout and design for its new store that will save the time of potential customers. The layout should be in such way that enables the customer to access all the necessary things easily. The manageme nt should set the service layout that can create an open shopping environment that helps the customers to find the things what they are looking for quickly. excerption of Employees Selection of staff for new Wal-Mart store is one of the primary factors that can help to develop good operations strategy. Skilled and trained staff can help to manage the routine operations in more appropriate