Supply Chain Management of Topaz Energy Group- myassignmenthelp

Question: Discuss about theSupply Chain Management of Topaz Energy Group Limited. Answer: Brief overview of Topaz Energy Group Limited Products and services The company in discussion, Topaz Energy Group Limited, is one of leading retailers in the field of the fuel and convenience in Ireland. The company is owned by Canadian Couche-Tard Group and has been operating under the Circle K brand base in Europe. The company offers the clientele with the various fuel additives and the fuels (Topaz.ie. 2018). Current scenario The current scenario of the company puts forth the observation that the concerned business organization has been venturing in to the retail market as well. The company has extended its services towards the clientele of the retail segments of the concern. The range of products that are made available to the clientele of the company are the various edible products like the coffee, milk, water and other such products (Topaz.ie. 2018). Critical assessment of the supply chain management of Topaz Energy Group Limited The supply change management of a company refers to the active nature of the management of the supply chain activities that are employed in the matters that are required in order to maximize the customer value of an organization and thereby assisting the achievement of the sustainable competitive advantage for the company (Stadtler 2015). The supply chain management refers to the conscious efforts of the various supply chain organizations in order to develop and maintain the supply chains in the manners that are the most efficient and effective in the matters pertains concerned organization (Simpson et al. 2015). The major stakeholders of the company that are related to the supply chain of the company are the various producers of the fuel, the carriers who have been assisting the company in the transportation of the fuel and the various other fuel additives to the various retail markets wherein the company has been operating. The major problems that might be faced by the concerned co mpany in discussion in the matters that pertain to the supply chain management of the company might relate to the production and the distribution of the concerned fuels and the fuel additives (Schorsch, Wallenburg and Wieland 2017). The various modes of transport chosen for the distribution of the concerned products to the various retailers that are connected to the concerned company. The company in discussion might also face issues in the matters that pertain to the quality of the fuel that is being provided to the concerned clientele of the company. However, the area wherein the company might be facing the greatest hurdles is the sector that handles the optimizing activities persistent in the transport of the fuel from the concerned depot to the various stations wherefrom the fuel is distributed to the various retail markets (Monczka et al. 2015). The company might have been facing various issues that deal with the conditions that relate to the lack of a proper inventory that migh t help in the storage of the various products that are manufactured by the company. The concerned company in discussion, Topaz Energy Group Limited, might implement the various models for the evaluation and the determination of the supply chain management that has been active within the concerned company. The concerned might also have been facing some problems due to the conditions of unawareness that exists within the concerned company that relates to the various areas that pertain to the amount of the products that are present in the inventory at the various warehouses that are used by the concerned retail organization (Mangan, Lalwani and Lalwani 2016). The company might also face certain issues that relate to the receipt procedures through the appropriate identification of the inventory, the improvement of the capabilities of the company to track the concerned orders that have been booked by the concerned company. The company might also face issues in the matters that pertain to the storage of the various products that the company has been providing to the clientele that it has been catering to. The company in discussion, Topaz Energy Group Limited might also face issues in the matters that pertain to the transportation of the concerned items from the storage place to the area of transport and from the area of receipt of the concerned products to the area of the distribution or at times even directly to the various retail shops that have been functional in the concerned geographical area wherein the target client base of the company is more densely located (Brandenburg et al. 2014). The company might also face the issues that pertain to the fluctuation in the price of the concerned fuels and the fuel additives that the company has been providing to their esteemed clientele. Report to the senior management team Findings The above discussion puts forth the fact that the concerned company has been facing a huge number of issues that pertain to the major factors that are involved in the supply chain management of the company in discussion, Topaz Energy Group Limited, a leading retail brand that provides its clientele with the various convenience products as well as the products that deal with the various kinds of fuels and fuel additives to the targeted clientele of the company. The above discussion points out the fact that the concerned company has been facing major issues in the matters that pertain to the uncertainty in the rise and the drop of the prices of the fuel that they have been procuring from the various gas stations and those that pertain to the optimization of the transport issues of the various fuel from the depots to the various gas stations that supply the fuel and the various fuel additives to the concerned retail company. The company has also been facing issues pertaining to the lack of the proper inventory systems that might have helped in the better handling of the various products that the concerned company in discussion might have been offering to the esteemed clientele of the retail organization. Recommendations The retail company in discussion might be suggested to follow certain steps in order to deal with the various problems that they have been facing in terms of the price factors and the matters that relate to the issues faced by the company in terms of the transport of the materials from the depots to the various gas station wherefrom the fuel is distributed to the concerned retail shops (Fernie and Sparks 2014). The company might be advised to put in the various measures that might be useful in dealing with the matters that are responsible for the hike in the price of the various fuels and the additives of the fuels that the concerned retail company in discussion, Topaz Energy Group Limited has been providing to the esteemed clientele of the concern. The company might be advised to ensure the proper management of the warehouse that the company has been utilizing for the storage of the various products which they have been offering to the concerned clientele of the company (Khalid et a l. 2015). The retail company in discussion might also be advised to be on the look out to manage the activities that relate to the shipping and the transportation of the concerned items that are dealt with by the retail company. The concerned management of the company might also be advised to look into the matters that pertain to the management of the employees of the company who have been involved in the aforementioned activities that are a part of the various activities that the retail company has been involved with in the current scenario. Potential benefits of Topaz Energy Group Limited The improvement of the supply chain management of the retail company in discussion, Topaz Energy Group Limited might lead to the various benefits that might be experienced by the concerned clientele as well as the company. The proper implementation of the supply chain management within the retail company y might lead to the higher rate of efficiency that might be reflected in the overall performance of the company (Chin Tat and Sulaiman 2015). The effective implementation of the supply chain management of the company might lead to the greater ability of adjustment of the concerned retailer in the matters that pertain to the fluctuations in the concerned economy in the concerned industry. The implementation of the proper supply chain management by the concerned retail company might lead to the decrease in the costs that were incurred by the company in the various areas of operation, like the improvement of the inventory system, the adjustment of the storage space for the various finis hed goods by removing the damaged items from the area, the improvement in the responsiveness of the concerned management of the retail company to the actual requirements of the clients (Carter, Rogers and Choi 2015). The implementation of the supply chain management of the company might also lead to the improvement of the relationship that is shared by the concerned retail company with the various clients of the concern as well as the concerned distributors and the vendors who might be responsible for the maintenance of the proper and timely in-flow of the products. The proper supply chain management of the company might also lead to the improvement of the communication that exists among the various members of the chain who are involved in the supply of the concerned commodity to the end user or the concerned client of the retail company (Beske and Seuring, 2014). The supply chain management might also help in bringing about an increment in the overall revenue that is generated by t he concerned company. References Beske, P. and Seuring, S., 2014. Putting sustainability into supply chain management.Supply Chain Management: an international journal,19(3), pp.322-331. Brandenburg, M., Govindan, K., Sarkis, J. and Seuring, S., 2014. Quantitative models for sustainable supply chain management: Developments and directions.European Journal of Operational Research,233(2), pp.299-312. Carter, C.R., Rogers, D.S. and Choi, T.Y., 2015. Toward the theory of the supply chain.Journal of Supply Chain Management,51(2), pp.89-97. Chin, T.A., Tat, H.H. and Sulaiman, Z., 2015. Green supply chain management, environmental collaboration and sustainability performance.Procedia CIRP,26, pp.695-699. Fernie, J. and Sparks, L., 2014.Logistics and retail management: emerging issues and new challenges in the retail supply chain. Kogan page publishers. Khalid, R.U., Seuring, S., Beske, P., Land, A., Yawar, S.A. and Wagner, R., 2015. Putting sustainable supply chain management into base of the pyramid research.Supply Chain Management: An International Journal,20(6), pp.681-696. Mangan, J., Lalwani, C. and Lalwani, C.L., 2016.Global logistics and supply chain management. John Wiley Sons. Monczka, R.M., Handfield, R.B., Giunipero, L.C. and Patterson, J.L., 2015.Purchasing and supply chain management. Cengage Learning. Schorsch, T., Wallenburg, C.M. and Wieland, A., 2017. The human factor in SCM: Introducing a meta-theory of behavioral supply chain management.International Journal of Physical Distribution Logistics Management,47(4), pp.238-262. Simpson, D., Meredith, J., Boyer, K., Dilts, D., Ellram, L.M. and Leong, G.K., 2015. Professional, research, and publishing trends in operations and supply chain management.Journal of Supply Chain Management,51(3), pp.87-100. Stadtler, H., 2015. Supply chain management: An overview. InSupply chain management and advanced planning(pp. 3-28). Springer, Berlin, Heidelberg. Topaz.ie. 2018. Topaz - that's better - Home. [online] Available at: https://www.topaz.ie/home.aspx [Accessed 30 Apr. 2018].