Aldi Case Essay

Individual proceeding points include in the show8 Appendix8 Executive Report Group 9 was assigned with the Aldi slip-up show for the merchandising focussing assessment. I was assigned with the role of Group Leader by the members and also trusted with the knead for the PowerPoint foundation slides as I stated that I have the proper knowledge. The role of the leader was taken seriously and I starting descendting the concussion conditions and proposed and delegated the individual(a) interrogation subjects related to our conclave exercise study.The individual interrogation I undertook for the Aldi case study was the defining the bung concept and detail research of the Continuous bet boundaryent concept. As a group leader I took the decision that all the individual humans of research to be presented inside the group for all to acknowledge the c are concepts employ into making the familiarity run lean marches and getting customer satisfaction. Personally I designed th e slides and the structure, which was later slightly modify by John Vincents proposal.Together we practiced and we have presented remarkably at the final presentation. indoors the presentation I exposed a summary of the theoretical concepts of heel over Production, Continuous Improvement, Time base Management, JIT production and append Quality Management and was followed by Medet Coban who presented the Economies of Scale Concept while in the remnant part John Vincent presented the benefits of Lean Thinking concluded with a Market research regarding Aldis rivalrous advantage. Key areas of personal research and sources of cultureAs part of the Group 9 which had as case study the food retailing caller-out ALDI, the following areas of research have been identified * Lean thought philosophy * Lean production * Continuous Improvement * Just In Time Management * extreme Quality Management * Economies of Scale. The research of these concepts was distributed among the group membe rs for a more in depth research and understanding. The describe areas of research that I undertook for the group activity were 1. Defining and understanding the concepts of Lean Thinking Philosophy and Lean Production 2. Continuous Improvement.Used as sources of information for the appointation of my research were the LSC Library where I am registered as a student and the internet research. Also the group used the information of the case study. The ratio of the Library research weighted aprox. 80% of the total personal research, while the case study information weighted 10% and the internet sources also about 10%. The book references will be found in the appendix at the end of this report. Key theoretical positions summary In the group presentation on that point were analyzed and presented the following theoretical issues The Mission and the ObjectivesThe Mission is established by the top perplexity of a familiarity. It represents the long term achievements that are wanted to b e reached and the basic principles to be followed to get as close as possible to the proposed mission. These principles must be followed by all employees as they represent the federations value and in time the will develop into the companys culture. The Objectives or targets are meant to set the results of the activity that the company needs to achieve in order to accomplish the mission set at the beginning.They can be quantitative or qualitative but always they have to be SMART (Specific, Measurable, Attainable, Realistic and Time defined) In our presentation it was specified that the Aldis mission was established using the ideology Lean Thinking and that Aldi uses the same philosophys principles in order to achieve its headache objective for growth and continuous improvement. Lean Thinking is the concept where faculty is developed by the improvement of the quality while reducing the costs, time, space and effort.The concept is used most of the time interchangeable with the JI T concept. Lean Production is the border of organizing each process of an face with the purpose of increasing the efficiency and minimizing the waste. Next there were presented the others concepts used as tools into achieving the lean processes as they were also presented in the case study Continuous Improvement relies on gradually better the organizations processes for a cumulative increased rate of military operation improvement.A see to iting organization is also able to generalize the knowledge gained in the improvement process by its employees and then replicate it among them. Time base Management its a general nest meant to reduce the level of unproductive time of the business processes. It usually requires multi- worked staff and/or advanced engineering but it leads to advantages like faster market alignability and a faster new product development. Just in Time Production the management system where a company provides its products/services only as demanded on the market.The benefits of JIT are the reduced cost of stock management (only the necessary stock needed to cover for potentially delay of the suppliers or the production itself), fast adaptability for the demands on the market and waste reduction. Total Quality Management a general management concept that concludes that all the factors and the resources of the company should be used towards achieving long term success through customer satisfaction. Its philosophy is getting things d cardinal right the first time.Economies of Scale is an feat of running the organization efficiently and applying also the previous concepts. It presumes that a company will increase their incomes with a larger production/activity while maintaining approximately the same level of costs by using its resources efficiently. Individual Key Conclusions First we learned about Lean Thinking concept and how important it is in todays world to be efficient. Studying ALDI case study we analyzed and discovered that h aving a competitive advantage on the market is both beneficial for the company and the customers in the same time.ALDIs competitive advantage was to offer the customers the high quality products at lower prices by using the efficiency concepts that allowed them to run their processes with the minimum waste and costs. The lean thinking was adopted by the top management and included in the mission statement and the business objectives as the strategy to deliver the business benefits to the stockholders and the customers. The efficiency concepts used are interchangeable and complementary and they all lead towards achieving economies of measure profitability.Continuous improvement everybody in the organization is to accept the responsibility of their tasks and contribute to the efficiency of the organization by improving the process and the standards of the activity. Time Based Management is the most efficient when the company relies on multi skilled trained staff and can be consider ed as one of the main results of the continuous improvement. Just In Time concept orientates the companys activity towards the market requirements and allows it adapt its production volume, standards and diversity to the requirements of the customers.Total Quality Management is a world(prenominal) management concept that guides the entire organizations activity towards achieving customer satisfaction and every process must be efficiently improved to meet the quality, price and customer service demanded by the consumer. Economies of scale are the primary result of the efficiency concepts that have been applied in an coordinated manner towards improving the business processes and to deliver the customer satisfaction. This will achieve the long term durability and development of the company as the mission and the objectives are oriented.The practical issues that arose prior to the presentation were * The difficulty into arranging a meeting were all the members be present and thence making some of the group decisions just based on the judgement of the named leader. * The structure of the presentation was changed just on the last meeting as an intervention of one of the members. The risk of losing time into the preparation and repetition was bigger than the risk of the last minute change and therefore we adopted the idea. After having the Power point slides done there have been modifications into the presentation which there were not changed into the printed handout due to the lack of time. Key Critical Observations and Commentary The first impression regarding the case study was that I would have had or else as the group assessment the marketing research and the development of a new marketing strategy. The start of the work on this piece was delayed due to the uncertainty of what just we are supposed to do.However, working on this case study gave me the opportunity to remark that Marketing is an integrated component of the entire organizational structure even though the concepts were mostly about operational management. Discovering the management concepts like Continuous Improvement, Just In Time Management, Time Based Management or Total Quality Management made the group realize that the Marketing Strategy is more efficient when the company has its production and services oriented towards getting customer satisfaction. The individual identification directions I found to be a little bit confusing.Key topics of personal learning They key topic that I in person learned as a result of undertaking the group assignment was the Continuous Improvement concept. I have learned that Continuous Improvement is one of the two improvement methods, the second one being Discontinuous Change or Business Process Innovation. While the second method has a rather radical approach and its mostly used as a final resort to adapt to the environment requirements, Continuous improvement relies on gradually improving the organizations processes for a cumulative i ncreased rate of performance improvement.The 3 steps in assuring CI are 1. creating the arrogate environment the Company must create an ambience where all employees adopt the organizations values and then set up standard procedures for the improvement process. The most common procedure is Demings and Shewharts Plan Do Control Act cycle. 2. Involving everyone in the plaque Company is responsible for the employees participation. They must train the staff in Statistical Programming Control and work teams to encourage employee participation as salubrious as setting the objectives like Quality Costs Delivery Safety Moral. . Using the proper caper resoluteness Skills Company must make sure that all teams have the appropriate Problem Solving Skills for the process improvement theyre responsible for. Continuous Improvement also relates to the concept of Learning Organization which means that learning of individuals must be generalized and replicated inside the company to achieve the best optimum improvement performance. Executive Summary of The Group activityI consider that the team we created and the group assignment was successful due to the following factors * The final presentation went well, as planned and everybody was happy of the result * each student had the opportunity to do a piece of research and then presenting it to the other members of the group which helped learn individually and also teach each other in an interactive manner * Group dealings were well linked and there were no complaints to each other inside the group. The presentation of the individual research increased everyones confidence of taken a real presentation on their own for unalike subjects and in different situations. Individual Action points included in the presentation The personal contribution towards the group presentation consists of 1. I was firstly elected as the leader of the group. My role was taken seriously and I tried to set the best times for meetings and also trie d to get everyone involved in the decisions and cogitate process 2.I suggested leads to be followed for the presentation. I divided the research subjects and made everyone responsible for their own piece of work. The summary of each subject of research was presented individually inside the group. 3. PowerPoint slides design and structure were set personally and each member has its contribution with the content of their research for one slide of presentation. 4. Created the speech for the piece of presentation I was involved and took an active role into the practice of the presentation by directing and suggesting improvements.