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(Solution) New CIPD 5HR02 Talent management and workforce planning Assessment ID / CIPD_5HR02_22_01
(Solution) New CIPD 5HR02: Talent Management and Workforce planning
(Solution) New CIPD 5HR03: Reward for Performance and Contribution
(Solution) New CIPD 5HRO2 Talent Management and Workforce Planning
(Solution) New CIPD 5LD03- Facilitate Structured Learning and Development (L&D) Activities for Groups
(Solution) New CIPD 70S05: Managing People in an International Context
(Solution) New CIPD 7C001: Work and Working Lives in a Changing Business Environment
(Solution) New CIPD Assessment ID/CIPD_3CO02_23_01 Principles of analytics
(Solution) New CIPD Explain different ways in which you can prepare information for specified roles. (AC1.2)
(Solution) New CIPD Level 5 5C002: Evidence-based Practice
(Solution) New CIPS APPR Advanced Level 6 Final Assessment
- In conclusion, the findings in this report indicate that Woolworths is currently using Ariba and SAP systems. This study covers the annual spend of Woolworths, the portfolio of Woolworths, their Category and Risk Management.
- Based on the study, Woolworths have to reduce their annual costs, and this may be supported by automation of as many processes as possible and this will also improve their efficiency and effectiveness levels.
- Woolworths also has made significant efforts in categorising its products and managing supply and other risks by having a wide pool of suppliers.
- Further, the introduction of online shopping has greatly boosted their market reach and their competitiveness.
- Woolworths also has to consider grouping all its purchases into categories. This will greatly ease the amounts spent on buying individual items since bulk purchases allow for great discounts due to the economies of scale.
- Further, category management will ensure that the entire supply chain is managed effectively and efficiently with minimal instances of supply chain disruptions.
- Woolworths also must prioritise its stakeholders and acknowledge the role that each stakeholder plays and how this contributes significantly to the overall growth of the firm.
- Stakeholders have to be informed and involved when major decisions are to be made as this will enrich the strategies, contributions and suggestions brought forward.
- Stakeholder analysis is also key to maintain the stakeholder relations which improves not only the reputation of Woolworths but also the market share of Woolworths. This gives them a niche in their market.