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Key Opperating Efficiencies in the Supermarket Business

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I need help with these two questions:

1. What are the key drivers of operating efficiency in the supermarket business? What operating strategies should managers at supermarkets pursue to reach the efficiency frontier in their industry?

2. What are the benefits of having a globally dispersed supply chain? What are the risks? How can information systems enhance the benefits and reduce the the risk?

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Solution Summary

This solution discusses the key drivers of operating efficiency in the supermarket business. It also discusses the operating strategies managers at supermarkets should pursue to reach the efficiency frontier in their industry. It outlines
the benefits of having a globally dispersed supply chain as well as the risks. It states how information systems can enhance the benefits and reduce the the risk. Examples and helpful link are included.

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1. What are the key drivers of operating efficiency in the supermarket business? What operating strategies should managers at supermarkets pursue to reach the efficiency frontier in their industry?

Key drivers of operating efficiency in the supermarket industry are the ability to have high product turnover and the ability to get and keep customers. In order to do this, a supermarket must determine the product mix that will move at the highest rate while attracting the most customers and making a reasonable profit margin. To be efficient includes processing orders correctly, utilizing RFID or other form of inventory system to manage products, and pricing product in a manner to sell. Buying right is also a key efficiency, and may include carrying generic label to better manage profit margin and ...

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Sally Baldwin, Ed.D
Education
  • BA, University of Southern California
  • MSS, United States Sports Academy
  • Ed.D, Boise State University
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