Course work Essay Example | Topics and Well Written Essays - 2000 words

Course work - Essay Example Due to this, an external management consultant was engaged to review the entire company in general and its IT development function. From the results of the review, the executive board commissioned the management consultant to identify appropriate techniques for business and requirements analysis activities for the company. The process of checking on the availability of products remain unclear and may require secondary scenarios such as what exactly would happen if a selected product is not available or if the selected product is available but not in sufficient quantity to serve the quantity selected by the customer. In the latter case, the system must know whether to remove the product from the customer’s order or supply a partial order. Inspection of the use case diagram and developing all scenarios in detail allows the analyst and the users to understand detailed system requirements and will be able to accurately specify requirements. Depending on the complexity of order processing for the different customer sectors, additional systems to be developed would either be a separate system per customer sector or additional system processes for the sectors with different processes from the home sector system. Based on the rich picture, other potential systems that might be developed are a warehousing system, an inventory and stock control system, a sales monitoring system, and a supplier management system. For the Home Sector Order Processing System, further investigation in needed to determine processes for unavailable products or available products but with insufficient quantity to fill customer orders. If products are unavailable, how will reordering from suppliers be conducted? The entire process for inventory and stock monitoring and control needs to be investigated if it will be integrated into the order processing system. For insufficient quantities, will orders be partially filled or cancelled altogether? What happens if order processing

Tesco Personal Finance Case Study Example | Topics and Well Written Essays - 4000 words

Tesco Personal Finance - Case Study Example This acquisition of Tesco over the 50% stake of RBS coming as a direct challenge for the high street financial institutions which currently are on the stormy side of the economic recession tide and presently are in-waiting for the bank charges decision by the High Court. The acquisition will help Tesco to make its expansion from financial services that revolved around an assortment of popular financial services and products to full-fledged retail banking offering more preference, innovation and value to customers and better returns to its shareholders. It is a part of Tesco's strategy through which Tesco will be able to further enhance its growth in the services market sector that includes telecoms and internet/home shopping as well. According to Tesco's estimation for the year 2008, by taking the full ownership of the TPF, Tesco would be able to increase its annual profits to 1 billion from 240 million (News Release, 2008). This acquisition clearly reflects that Tesco has identified considerable scope for further possible developments and advancements in the financial sector which is itself a very extensive and a dynamic sector. Hence by taking the full ownership, Tesco will be better equipped to be able to exploit the prospective offered by the TPF in the more basic version of banking. This second half of the paper examines the strengths and weaknesses of Tesco hence offering an analysation of the resources and capabilities that Tesco can muster up to compete effectively and develop TPF into a full service retail bank making a success of full- fledged consumer banking. Tesco's Expansion to Full Service Consumer Banking On the acquisition of RBS stake and TPF's expansion into full- fledged retail banking in the coming years, Sir Ted Leahy, the COE of Tesco plc reflected, "As consumers look to make every pound work harder it is a good time for Tesco to expand its presence" (BBC, 2008). The phrase "good time" refers to the current financial turmoil, which in recent times has revealed the shaky foundations of many a high profile financial institution, and ironically has presented an opportunity for TPF to move into full service banking. As a result of the financial depression many of the TPF's would be competitors will be at their weakest, hence competition that will be on offer will also be comparatively less. In order to make the expansion into the more core-sphere of banking, the management of Tesco will need to rally up their strengths comprising its assets and resources identify with the current financial trends the opportunities or threats presented by it and also realise their own weaknesses and accordingly create business objectives and strategies which will allow the optimum use of resources and strengths, maximum exploitation of opportunities, stablisation of threats and minimisation of weaknesses and other draw backs for the overall success Tesco's expansion endeavor. For the present short time frame, Tesco's strategic objective for the future development of TPF is to broaden the horizons of the existing financial services rendered by TPF, which includes services and products like savings accounts, credit card accounts and insurances and moreover increase its presence in the Tesco stores. However, on