Operations management of Tesco Essay Example | Topics and Well Written Essays - 1750 words - 16

Operations management of Tesco - Essay Example This paper illustrates that in the UK the largest food retailer is Tesco. It has around 2,318 stores across the world in different locations. In the UK itself, it has around 1,878 stores spread widely across in different parts of the country. Tesco also operates in Asia and Europe. The company headquarters is in Hertfordshire, in the UK. The online website of the company that is Tesco.com is completely owned subsidiary providing complete service through the online service. It also has two other different online platforms tesco.net and also tescodirect.com. Tesco gives its customer the option for both online and offline services. Tesco has both the type of customers external and also internal. The company has over 326,000 employees across all the stores of the company in the whole world. Tesco sells about 40,000 food items in its superstores along with apparels and also other items. It has its own products under three labels which are value, finest and normal. The company gets 50% of sales from its own products. The company has many stores with gas stations. It has become one of the major largest petrol retailers in the country. Tesco also has the service for personal finance as in joint venture with Royal Bank of Scotland. The company has over 3.4 million customers by providing various services, products and also financial services. The market share for grocery companies has grown in a huge way over the years. With the start of online retailing the retail market has taken a new look and the online market store has started to gain a lot of popularity in the market. Research done by Institute of Grocery Distribution (IGD), in the UK has found that the rate at which Tesco is growing is going to increase in the next few years. The growth of the company will increase at a high pace because of its online platforms that have customers to buy products online.