For two companies with which you are familiar, compare and contrast Essay - 1

For two companies with which you be familiar, compare and contrast the main operations processes in terms of their volume, vari - Essay ExampleIt began its operations tolerate in 1962, and has been aggressively expanding in U.S. The company was able to introduce its full line grocery in 1988 (Varley, 2005). The company has through many struggles emerged as the largest grocery retailer in U.S. Currently, it is reported that the company gross revenue are even higher than the combined total sales of its three competitors in U.S. i.e. Kroger, Safweway, and Supervalu. Volume Wal-mart produces tones of conglomerate products yearly. The company has change sources and centres where its carries its production. Yearly, it is estimated that the company spends $335 billion buying and transporting its merchandise glob tout ensembley (Pride, Hughes & Kapoor, 2011). This ability to produce in large volumes has al starting timeed this company to lower its cost of production thus enabling it to s ell at a lower price than its competitors. Tesco too is widely known for its bulk production system. The company engages itself in what advance to be a multinational grocery and general merchandise retail (Keupp, 2007). This clearly shows the large trope of goods the company produces. The company produces large volume of goods which has led it to open thousands of stores in over 14 countries all over the world. Variety In order to increase their competitive advantages, both Wal-mart and Tesco have hugely diversified their products. For instance, Wal-mart offers renewal of services including retail goods, pharmacy, financial services, wireless, and also photo lab services. The company offers retail goods in various categories, for example, customers can purchase electronic products like digital cameras, laptops and computers in Wal-Mart stores (Mullins & Walker, 2013). In addition to home(a) furnishing, the company also offers baby products, sporting goods, and grocery items. Wal -mart, offers to its customers financial services like credit card, account card, bill payment and also money transfer. Customers can also purchase money orders, gift cards and also cash cheques at various Wal-mart stores. This dodging adopted by Wal-Mart to offer a variety of goods to customers has enabled it to attract a large pool of customers not only in its home market in U.S. but also in the overseas markets. On the other hand, Tesco Company unlike its rival Wal-Mart has fairly taken a different line of specialization. The company started as a simple grocer, but with m it has been engaging in clothing sector, finance, insurance services, software business, internet shopping business, sale of DVDs, and mobile address sales (Mullins & Walker, 2013). Its specialization in all these products has given it a higher competitive strength in UK compared to other rivals who usually specializes mainly on grocery. Variation in Demand interpretation Variation in demand has numerous implications that can be seen in the companys characteristics. Wal-mart has constantly maintained low levels of demand variation. It has successfully maintained a variation of as low as 5% in its demand for a very long period (Varley, 2005). This has been possible for the company due to its effective strategy of focusing on how to lower prices of its products. This has given it a relief to maintain a very stalls demand either during peak seasons or off peak periods. On the other hand, Tesco mainly records a medium level of demand variation with a range of between 10 to 20 % variation in its demand. This is brought about by the changing capacity, anticipation of what the customers might demand,