Operations Management Of The Kroger Company Essay

Operations Management of the Kroger Company Operations management is essential for the survival and success of any organization. According to Heizer Render (2011), operations management (OM) is the set of activities that creates value in the form of goods and services by transforming inputs into outputs. Operations managers today contend with competition, globalization, inflation, consumer demand, and consistent change in technology. Managers must focus on the efficiency and effectiveness of processes such as cost, dependability, distribution, flexibility, and speed. The intent of this paper is to discuss the processes and operations management of the Kroger Company. History and Background Headquartered in Cincinnati, Ohio, The Kroger Company is one of the largest supermarket retailers across the United States. Founded in 1883, Barney Kroger invested his life savings of $372 to open his first grocery store at 66 Pearl Street in downtown Cincinnati. (Kroger, 2011). Barney was quite proud. He was the first grocer ever to have a bakery, to sell meat, and to sell other groceries all in one store. From the start, Barney operated his business with a simple motto: â€Å"Be particular. Never sell anything you would not want yourself.† (Kroger, 2011). Today, one hundred and twenty-eight years later, the Kroger Company is still following Barney’s motto. With consistent growth to accommodate more variety, more merchandise, and the convenience of one-stop shopping, Mr. Kroger may notShow MoreRelatedAnnual Report. Kroger Co.802 Words   |  4 PagesANNUAL REPORT KROGER CO. 2011 Tiffany Mullins 5/26/2011 Strayer University Acc 100 Professor Barbara McGuire The Kroger Co. was founded in 1883 and incorporated in 1902. It is one of the nation’s largest retailers, as measured by revenue. The Kroger Co is currently ranked #2 in the industry on the Fortune 500 list and # 25 overall. There revenues are earned and cash is generated as consumer products are sold to customers in their stores. They earn income predominately by selling productsRead MoreBusiness Values And Ethics Differ With Every Company Essay953 Words   |  4 Pagesvalues and ethics differ with every company. They are formed by the behaviors and good ethics that is required in a professional environment. Values. Company values are used to guide and inspire individuals within a business in order to help them make appropriate decisions that align with company’s principles and policies and business practices within its industry. Strategic management is important to understand the position of the organization. It allows the company to accomplish goals by performingRead MoreInternational Operations : Walmart s International Market Essay1059 Words   |  5 Pages International Operations Outside the U.S. Costco has stores in Australia, Canada, Japan, Mexico, South Korea, Spain, Taiwan, and the United Kingdom. Costco’s main international market is Canada. In fiscal 2015, for example, Costco’s Canadian store was more profitable than all its other international stores combined. If its market in Canada ever failed, then this could devastate this company (Soni Part 6). Costco needs to diversify its international markets to avoid such vulnerability. MeanwhileRead MoreThe Kroger Company Mission And Vision919 Words   |  4 PagesThe Kroger Company is an American retailer established by Bernard Kroger in 1883 in Ohio USA. It’s the country s biggest supermarket chain and second biggest general retailer (after Wal-Mart). Kroger is also the fifth biggest retailer in the world as of 2013. Kroger operates 2,625 stores across the USA with its headquarters in downtown Cincinnati Kroger. It operates 40 plants for manufacturing, mostly bakeries and dairies. Ad ditionally they are operating 777 convenience stores and 374 jewelry storesRead MoreThe Kroger Company : An Organization1466 Words   |  6 PagesThe Kroger Company Back in 1883 an individual named Barney Kroger opened his first grocery store in downtown Cincinnati with his life savings of $372 (Kroger, 2015). Barney Kroger just like many other business owners was passionate about his business and had his own motto â€Å"Be particular. Never sell anything you would not want yourself† (Kroger, 2015). Fast forward to present day and the Kroger Company has grown into one of the world’s largest retailers. One would be hard pressed to find someoneRead MoreFinancial Health Of The Fresh Market And Kroger867 Words   |  4 Pagescompare the financial health of The Fresh Market and Kroger. The Fresh Market and Kroger focus on selling organic food. The Fresh Market is a 1.7 billion corporation compared to Kroger 108 billion. The information was obtained from the 2014 Balance Sheet and Income Statements for both grocery stores. . There are three different categories of ratios; liquidity, profitability and efficiency. Ratios enable one to not focus on the size of the company, but on the liquidity, profitably and efficiency andRead MoreMarketing Mix Of Body Spray Essay1070 Words   |  5 Pageslike Walmart, Kroger, and Walgreens (Walmart; Kroger; Walgreens). Also, AXE uses dual distribution to distribute its body spray, which is the use of two or more marketing channels to distribute the same products to the same target market. They do this by directly selling their products on their website, thus using a producer to consumer distribution (Phoenix). Also, they sell their products at retailers such as Kroger, which is a producer to retailer to consumer distribution (Kroger). In regards toRead MoreThe Human Resources Department At Kroger Essay1676 Words   |  7 Pages The Human Resources department is a very important part in business because the company aspires to hire keen and honest people for employment. These days, more corporations are expanding their business into other countries, so they look to hire more diverse and bilingual people. Being one of the largest grocery stores in the United States, Kroger receives a wide variety of diverse shoppers. Kroger hires for full-time and part-time positions. The first step of the application process isRead MoreStrategic Evolution ( Jt )1228 Words   |  5 PagesStrategic Evolution (JT) Being able to understand the differences between a company’s intended strategies and the evolution of a company affected by external forces. strategies that were planed and measured by goals that were set as a company would be considered intendent strategies. When it comes to emergent strategies they would be classified as decisions made by the company that were reactions to new innovations and the always changing consumer need. Failing to be able to adapt to the changing conditionsRead MoreRatio Comparisons: Albertsons vs. Kroger Company1377 Words   |  6 PagesRatio Comparisons: Albertson’s Versus Kroger Company Albertson’s 2-Year Comparison Ratios are important tools to be used when analyzing a company’s financial health. There are four categories of ratios that are broken down into thirteen ratios. Eight ratios will be used to analyze the financial statements of Albertson’s for the years 2003 and 2004. The first category of ratio analysis is the liquidity ratio. In this category, we have calculated the current ratio. The current ratio