Coles and Woolworths Case Study Essay - 1326 Words

1. The key to Woolworths’ faster growth than Coles Myers may be attributed to several reasons, one of them being its emphasis on diversification which saw it enter markets such as petrol. Woolworths offered everyday low price (EDLP) on established brands, a strategy akin to Wal-Mart in the United States which presents a competitive advantage against Coles Myers’ Kmart and Target divisions which maintained a ‘high-low’ pricing strategy. Woolworths CEO Roger Corbett who had prior experience with the management of Wal-Mart chain in the US, implemented ‘Project Refresh’ in 1999 to restructure the company’s supply chain, and to introduce new technology and the EDLP structure to its supermarkets. Furthermore, Woolworths’ success in entering the†¦show more content†¦2. Yes, however it depends not only on Coles Myers ability to respond to Woolworths’ competitive actions. But also its ability to innovate ahead of competitio n; to shed its ‘second mover’ status. While this may seem like a daunting task given Woolworths earlier realisation of success from ‘Project Refresh’, market commonality and resource similarity of the food and general merchandise sector ensure competition may be levelled out with less difficulty, in addition to this, Coles Myers had an advantage in terms of resource similarity against Woolworths in that the company’s new Source credit card could differentiate itself from Woolworths by offering full credit card capability along with a long-standing and valued rewards program. Furthermore, Fletcher has already begun the shift towards the reduction in costs incurred with logistics and supply chain solutions by the enforcement of just-in-time (JIT) production upon its 65000 suppliers, reduction of distribution centres from 41 to 24, implements improved technology, and streamline deliveries to stores. In detail, Fletcher unveiled plans directed at long te rm growth with the strategies designed to pressure suppliers into adopting the same IT systems that Coles Myers uses in its warehouses and stores so that it can build a more efficient e-trading platform. Fletcher expects to invest approximately $800 million over the next years in order to successfully implement this cost-cuttingShow MoreRelatedWoolworth’s Strategy and Its Implementation3134 Words   |  13 Pages- Woolworth’s Strategy and its Implementation Lecturer – Jessica Kennedy Due Date – 11:00pm Thursday 26th April 2012 Word Count – 2669 In order to analyse Woolworths’ strategy and its implementation, consideration will be given to the competitive environment that exists between Woolworths and Wesfarmers (Coles), the notion of competing duopolies and the role that management plays in the process. The purpose of this essay is to discuss competing duopolies and how they impact on theRead MoreWoolworths Limited Case Study5822 Words   |  23 Pagesï » ¿Background Woolworths Limited was foundedin 1924, and is Australias second largest employer. Colloquially referred to as Woolies, the company has grown to be Australias leading supermarket retailer. Woolworths has also gained a strong foothold in the retail markets in New Zealand. Woolworths officially listed on the Australian Stock Exchange (ASX) on 12 July 1993, and trades with the issuer code WOW. 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In either case, the College may impose penalties which can be very severe Declaration: â€Å"I/We certify that I/We can provide a copy of the attached assignment/report if required.† â€Å"I/We certify that the attached assignment/report is my/our own work and that all materialRead MoreAldi979 Words   |  4 Pages Individual Assessment Case Study ALDI Australia Opportunities and Future challenges By: Yusuf Yusuf ID:17759752 Tutor: Rylan Gan ALDI is one of the major supermarkets in Australia and is well known for its low prices. We have to analysis and recommend ways to maintain the high level of growth and strategic competiveness in light of the challenges the sector is facing. In this report we will be outlining theRead MoreAldi Case3268 Words   |  14 Pagesthat involves the purchase of goods from suppliers followed by sales to customers (Peterson Balasubramanian 2002, p. 10). Within Australia’s retail market, Woolworths and Coles have dominated Australia’s supermarket retail sector for many years. Woolworths has the biggest market share with 41.1 per cent of the grocery sector in 2011 whilst Coles is second with 31 per cent (Deloitte Access Economics, 2012). 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Advantages and Disadvantages of Hiring Third Party Logistics Providers (3PL) Free Essays

INTRODUCTION In today’s world business environment became very competitive the companies of being successful in the market they are dealing with more different resources for satisfy the customer needs. In recent years the competitive global market has a big influence in growing for external business for raising the logistics companies, this is kind of developing a competitive advantage to their competitors. One of the key and strategic elements to be more successful is the outsourcing the logistics or transportations to the Third Party Logistics (3PL) provider. We will write a custom essay sample on Advantages and Disadvantages of Hiring Third Party Logistics Providers (3PL) or any similar topic only for you Order Now According to the (Knemeyer and Murphy 2004) Third Party Logistic (3PL) companies could be called as logistics outsourcing or agreement logistics. In the other words (3PL) Third party logistics provider is an employing an external company for the warehousing, transportation, inventory management and other value added activities for customer services. Third party logistics provide to the organizations competitive advantage for increasing the importance of improving their performance of delivering services to the customers in logistics activities. Many companies for creation their supply chain to be more efficiently they are outsourcing their logistics activities to Third Party Logistics (3PL) provider. â€Å"Also the time based competition is on the products that could be manufactured and delivered to the customer by the driven speed as a technological grown-up become more movable toward the firms and countries, organizations might be achieve technological equivalence on the various ways of products† (Abdullatif and Azri 2009). Furthermore, the organizations make an efficient decision in whole supply chain to outsource their logistics operations to the Third Party Logistics (3PL), that decision makes company to focus in their main business activities. This also provides to the organizations to managing much better parts of the entire supply chain. Overview of 3PL Between years 1970’s and 1980’s is recognized as the first generation of third party logistics of providing services for example transportation, shipping, but between 1980-1990 were asset or non-asset based organizations by increasing the service levels of contribution and third generation is between years 2000 – until now were generally based on increasing the supply chain integration. A Third Party Logistics providers (3PL), can be identified as first, second and third service providers. First party provider is the main company that provides the service or product, the second is to whom receives the service it is the consumer and the third is the company which hired by the main company for provide the service between costumers and company (Forrest et al., 2008). Advantages of 3PL At the beginning the primary advantage of outsourcing logistics activities to a Third Party Logistics (3PL) is focusing on core activities of the business. This means the core activities is much more important than logistics due to the companies have to create on value added activities for making much better revenue, the logistics operations is a beyond activity for each company in delivering the service to the customer. In the other words, the companies have to give the focusing in their main working areas and so, they do not willing to be busy about the logistics activities they believe to outsource their logistics activities to one of the best LSP’s. This is an improvement and contribution to the quality of service levels in overall performance in the company’s core activities. Another case is the company they are not able of having its own logistics activities because of the potential financial conditions logistics activities such transportation, warehousing are not able of managing them. Then deciding on getting better transportation solution, more cost effective, better services, professional’s equipment in transportation. Maybe help of reduction the carrying costs, loss in selling orders and are able to help to the company of moving more merchandise with less assets during delivering service to the customers. Some companies has an expectation from 3PL to improve their performance in the inventory reduction, availability of the capacity and less customer complaints by improving order accuracy. Also if the company is need the 3PL for better performance in the supply chain they should have well past data system. However, the company who is going to hiring a 3PL, the company has employees this is the biggest cost of hiring employees for every company, by providing the logistics services this is one of the important benefit is the reduction in the number of labours by outsource the logistics activities. Additionally, the flexibility is the other important factor of outsourcing logistics operations. Flexibility is one of the main strategic competitive market element, about the changing the market conditions very frequently, in those cases the company should be responsive to those unexpected changes, the company could not be responsive to those changes they choosing the way of outsourcing logistics activities to LSP’s. For example: If any company has customers in different part of countryside for delivering goods to it’s customers by hiring a Third Party Logistics it would more efficient by delivery them. They can have sufficient equipment and could provide reasonable solutions to them if the demand is low or high because of their storage and delivery performance this help to the company of saving time and costs. Furthermore, logistics activities in some cases become too much costly, the budget of the company is not sufficient for finance it so, they accept of giving those activities to be outsourced. Also may have as an object of making achievements in environmental issues the Third Party Providers have the capability to optimize a distribution networks and the most costless routes, reduction in carbon emission and control technology to rationalize the inventory to develop the trucks performance. Disadvantages of 3PL Although there are also disadvantages in hiring Third Party Logistics provider in the selection of the outsourcing at the beginning, it is difficult to realize if it is reliable and cost-effective between the company and the Third Party Logistics provider. Every firm has to pay great attention at the selection of their Third Party Logistics partner; they have really to check if they are able to provide a better service to them. The biggest mistakes have been made because of the insufficient financial position, the companies cannot select the reliable outsourcing providers. It is not easy for identifying the Third Service Provider (3PL) if it is suitable or not, it a complex period. However, to solve this problem are required to clarify the ability of service provider. There are several procedures such as transaction costs, organize a system for maintain their reliability to work together with them if they could be choosing as logistics providers. Information sharing and apparent risk sharing between the parties is always required. Concerning information sharing, it is needless to say that smoother information exchange will result in a more efficient logistics activity. However, related costs may increase if some information essential to the firm would leak. Therefore, the commitment of each party in information sharing is required, and a scheme to ensure these commitments has to be prepared. However, this would also involve additional transaction costs. Constructing a risk sharing scheme between the firm and the 3PL provider is critical in establishing reliable partnerships. Some of the risks involved in using 3PL are demand risk, inventory risk, and financial risk, among others. The questions are on who will take these risks, and how to compensate the risk holders. â€Å"Gain sharing† is a popular example of a rewarding scheme in which the 3PL provider holds part of the risks, and then is given incentives based on the increase of the firm’s profit. This risk-sharing method is apparently some sort of a division of work between the firm and the 3PL provider. Establishing good risk sharing also involves transaction costs, although the associated costs can be reduced through the cumulative experiences and IT development. Another disadvantage of outsourcing the logistics activities is that the company doing the outsourcing loses control over the finished goods once they are transferred to the warehouse location. What this means is that although the 3PL company may have a computerized inventory system to which you have access, you lack the ability to perform a physical count in the event of a discrepancy. You also lack the ability to confirm shipping dates to your customers or promise quick shipment for orders that were short shipped or not delivered at all. REFERANCES Knemeyer, A. M., and Murphy, P. R. (2004). Evaluating the Performance of Third-Party Logistics Arrangements: A Relationship Marketing Perspective. Journal of Supply Chain Management: A Global Review of Purchasing Supply, 40(1), 35-51. Aktas, E., Ulengin, F., (2005). Outsourcing logistics activities in Turkey: Journal of Enterprise Information Management 18, (3), pp. 316 AbdulLatif, S., Azri, D.(2009).Third Party Logistics Service Providers and Logistics Outsourcing in Malaysia The Business Review, 13 (1), pp. 265 Forrest B., Will T., Stephanie R., Ashwini N., Eric W., (2008), A Practitioner’s Perspective On The Role Of A Third-Party Logistics Provider: Journal of Business Economics Research 6, (6), pp. 9 How to cite Advantages and Disadvantages of Hiring Third Party Logistics Providers (3PL), Essay examples

Mental Distress Damages for Breach of Contract - MyAssignmenthelp

Question: Discuss about the Mental Distress Damages for Breach of Contract. Answer: Introduction: The issue that is present in this question is if the statements made in the brochure of Bliss Island can be treated as terms and conditions of the contract that was created with Julian and Anna. There's another issue related with the liability for theft of jewelry from their room, particularly when there is a notice placed on the back of the door, which mentions that the island cannot be held liable for theft. The statements made in the brochure are considered by the law as representations or warranties. Therefore if there is a breach, the other party has the right to claim damages. An example in this regard can be given of Jarvis v Swans Tours Ltd. While the appeal, Lord Denning has stated that other than the damages for the cost of holiday, with the events can also claim damages for distress, frustration and disappointment suffered by them as a result of the breach of contract. The court stated that the older limitations placed on claiming damages for disappointment and distress have become out of date. Hence the amount of damages should be based on the entertainment and enjoyment promise to the claimant, but which was not delivered to them by the company (Harpwood, 2003). Therefore the damages for mental distress can also be claimed in the same way as damages can be claimed for shock in tort (Gibson and Fraser, 2013). If one party as we the contract, the other party can be granted damag es for distress, frustration and disappointment caused as a result (Holmes, 2004). The basis of this legal position can be found in Hobbs v London and South Western Railway Co. The facts of this case are that the defendant failed to transport the plaintiff all the way to the destination. The result was that the claimant had to walk for nearly 5 miles to reach the destination. Under these circumstances, it was held by the court that the claimant can bring a claim for this physical inconvenience that was the result of this action of the defendant. However, it was held in the later decisions that the damages that can be claimed in such cases are not confined to the physical inconvenience that has been caused to the claimant and as a result, the claimant is also allowed by the law to claim damages for disappointment and distress. There is another issue related with the liability of Bliss Island regarding the theft of jewelry and wallet. In Olley v Marlborough Court Hotel, it was held that the parties are considered to be bound by representation if it has been made before or while entering into the contract and not the notice present on the back of the door after the parties have already entered the contract. In this type of cases, the law provides that the court is bound to consider the overall quality of the holiday that has been promised to the claimant and the quality of holiday that had been provided by the defendant. When a person pays for a holiday, such person can expect entertaining and invigorating holiday. However, as a result of no fault of such person, the person returns from the holiday dejected as a result of the fact that most of the expectations of the person from the holiday were not fulfilled, and other law it will be wrong to claim that the disappointment suffered by such person cannot be reflected in the damages that can be awarded to the person. In view of this legal position, in this case, Bliss Island and made a representation according to which it offers best reef diving throughout the year. It was also claim that excellent food, prepared by the best chefs in Australia will be provided. However, Anna and Julian found that the diving was not that good as there were tropical storms and algae boom. The chef had also left and was replaced by a chef from Pakistan, who prepared Indian food. Hence, in this case, Bliss Island had failed to provide the services mentioned in brochure and which were confirmed over the telephone. Regarding the wallet and jewelry, the notice mentioned on the back of the door is not a part of the contract created between the parties. On these grounds, it can be stated that damages can be claimed by Julian and Anna for distress and disappointment. Similarly, they can also claim damages for their lost jewelry and wallet. References Gibson, A., Fraser, D., (2013) Business Law, Pearson Harpwood, V., (2003) Modern Tort law, published by Cavendish Press Holmes, R., (2004) Mental Distress Damages for Breach of Contract, Victoria University of Wellington Law Review, Vol.35, p688 Hobbs v London and South Western Railway Co (1875) LR 10 QB 111 Jarvis v Swans Tours Ltd [1972] EWCA Civ 8