Categories: Management

Value Chain Analysis of Mark & Spencer (M&S)

&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad1" id&equals;"quads-ad1" style&equals;"float&colon;left&semi;margin&colon;0px 0px 0px 0&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;<p align&equals;"justify">The value chain analysis forces strategist’s to think from perspective of organizational activities&period; The primary activities are those concerned with creation or delivery of service or product and include inbound logistics&comma; operations&comma; outbound logistics&comma; Marketing and sales and services&period;<&sol;p>&NewLine;<h2 align&equals;"justify">Inbound logistics<&sol;h2>&NewLine;<p align&equals;"justify">Traditionally inbound logistics are activities that are concerned with receiving&comma; storing and distributing the inputs that go into creation of product and services&period; M&amp&semi;S won the GBS supply chain award and has further significant lead because of its Plan A sustainability program to create step changes in its global supply chain&period; M&amp&semi;S has also received commendation from EC which gave it European Business Award for the Environment&period; M&amp&semi;S thus a stronghold on sustainability which should it a major advantage over its competitors&period;<&sol;p>&NewLine;<h2 align&equals;"justify">Operations<&sol;h2>&NewLine;<p align&equals;"justify">M&amp&semi;S is working on improving customer experience and as per its 2016 annual report it would be working towards increasing customer visits and spend through &OpenCurlyDoubleQuote;Inspiring and effortless experience” and to provide customer that kind of experience is what&nbsp&semi; store teams are trained and rewarded for&period; There have been hiccups in managing online operations when hi-tech distribution centre in Castle Donington had problems leading to 2&percnt; decline in sales on M&amp&semi;S&period;com &lpar;Butler&comma; 2015&rpar;&period; M&amp&semi;S is investing in upgrading its IT systems so it can provide better supply chain management&period; There was also a glitch leading to 800 online customers’ personal details getting leaked and while M&amp&semi;S claimed that no financial data was leaked the incident showed lack of appropriate controls<&sol;p>&NewLine;<h2>Outbound Logistics<&sol;h2>&NewLine;<p align&equals;"justify">Outbound logistics are concerned with collection&comma; storing and distribution of product and services to the customers&period; M&amp&semi;S works with in-store shopping as well as shopping through home catalogue&comma; online shopping and click and collect options&period; M&amp&semi;S continues to invest in warehousing and they recently acquired warehouse in Bradford which would serve as an automated store National Distribution Centre &lpar;NDC&rpar; for the clothing and home business Further M&amp&semi;S is also focusing on merging smaller warehouses to make supply chain and distribution more efficient&period;<&sol;p>&NewLine;<h2>Marketing and Sales<&sol;h2>&NewLine;<p align&equals;"justify">Marketing and sales help in making customer aware of the product and convince the customer to purchase the product or service&period; Digital division M&amp&semi;S venture lab works with lean start up technologies to improve shopping experience for the customers&period; Multi-channel experience allows customers to seamlessly shop using mobile&comma; online&comma; catalogue or through visit in-store&period; 60&percnt; of all online sales are still picked up in store showing that people still prefer in-store experience&period; Digital experience is enhanced and customer engagement increased through engagement via multi social media platforms&period; M&amp&semi;S also engages in high impact promotions using customer loyalty data to enhance value for customers&period;<&sol;p>&NewLine;<h2>Service<&sol;h2>&NewLine;<p align&equals;"justify">Service aspect includes all of those activities that would enhance and&sol;or maintain product’s value&period; M&amp&semi;S has realized that to maintain customer loyalty &OpenCurlyDoubleQuote;offering great customer service is absolutely crucial to maintaining customer loyalty”A hallmark of the priorities for 2016 were maximizing product availability and its speed of delivery to customers&period; Further M&amp&semi;S has also made delivery free for orders above £50 orders besides adding free returns by post for up to 35 days after purchase&period; M&amp&semi;S is also works on increasing space for food halls and reclaim area from clothing and fashion&period; Marks &amp&semi; Spencer has begun a trial scheme to increase the size of its food halls and cut back on the space it devotes to fashion <&sol;p>&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad2" id&equals;"quads-ad2" style&equals;"float&colon;none&semi;margin&colon;0px 0 0px 0&semi;text-align&colon;center&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad3" id&equals;"quads-ad3" style&equals;"float&colon;none&semi;margin&colon;0px&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;

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