Co-operative society supermarket
This particular branch of the co-op retails has about 20 to 30 employees, one area manager, and one deputy manager BREIF HISTORY OF HOW CO-OPERATIVE SOCIETIES BEGAN Co-operative societies started in the early 1760s by a group of 28 or so British reformists with a dream to overthrow capitalism and change history. Its principles were simple: Alone, it is all a working man can do to survive in a world of capitalism and big business. But unite in your hundreds and thousands, and you suddenly have a very loud voice. Co-operation was never intended to be militant.
Success would come slowly but surely, its believers insisted, by force of argument rather than by force of arms. Common sense would guarantee victory over capitalism. The dream behind co-operative societies was to eliminate competition and capitalism leading to a classless society. One of its founders Dr William King believed the only way forward was for workers to help themselves. This could best be done by contributing small, regular sums which would be used to finance shops that would sell a basic range of goods to its members and the profits used to finance a range of unemployed manufacturers to produce a wider range of articles.
Aims and objectives: every business has aims to plan and set out targets towards what the business wants to achieve as a whole. This is sometimes found in the businesses mission statement. For a mission statement a business has to decide on various practical objectives to achieve its aims. This also determines what the business does: United Co-op is owned and democratically controlled by its members. The members are the ‘shareholders’ of the business and have an equal say in how the Society is run.
By using their vote at the Members’ Meetings to elect representatives onto the various committees, members can have a say in how the business is run and influence its policies. The co-op supermarket chain is part of a number of enterprises that belong to the CWS (Co-operative Wholesale Society) the move started as a move by workers to unite and help each other. The Co-op retail group is also Britain’s biggest farmer and owner of The Co-operative Bank. Co-op retails functional objectives: OBJECTIVES: the co-op supermarket chain is not run to make profit or financial gain.
Its primary objective is to provide its customers with quality farm foods, diary, vegetable and household products at a fair and affordable price, this also includes cutting the farmers, manufacturers and producers a fair deal by buying and trading at a reasonable price. The co-op supermarket mainly buys its goods from small farming groups who posses a stake and a share in the business. Co-op retails functional areas each have objectives which tie in with the cooperate objectives; these are goals which the business as a whole is striving to achieve in order to survive in the market.
This function concentrates on converting the resources and raw materials of co-op into goods or services which can be sold to customers. Resources include buildings/land, equipment, people (including specialist materials), raw materials and stock for sale. The purpose of the production function is to produce goods. The production function is also responsible for planning how to use allocated funds and capital and will also use quality control to ensure that production targets are met.
The production function in co-op concerned with obtaining the resources required to produce goods or provide a service. Production is also concerned with organising resources to produce the goods or provide the service in a cost effective manner. ACTIVITES OF THE PRODUCTION FUNCTION Obtaining resources required to produce goods or services: For each production process the producer will need a wide range of resources before production is possible. These resources can be listed under four main headings:- Land and buildings:
All production must take place somewhere and therefore require some land. Since co-op is in the retail sector it needs land and buildings to carry out its production processes. Co-op has various warehouses and storage facilities were packaging and distribution of products to its different store locations takes place Equipment and machinery Equipment and machinery are classified as the tools and equipment used in the production and manufacturing e. g. computers, assembly tables, Packaging and labelling machines.
Equipment and machinery also known as capital is vital to any business in the production and manufacturing sector without capital the process of manufacturing cannot take place co-op has acquired various machines and equipment that will enable the business to speed up the production process and increase efficiency. Manpower These are individuals employed to produce and manufacture the goods Co-ops production manager has the overall responsibility for the functional he ensures that there are qualified staff and personnel are available to carry out the production and packaging
Raw Materials: These are the materials that are needed to produce goods or services. Materials can include stock which is bought for resale in retail stores and the raw materials which are purchased by manufacturing organisations and assembled into the finished product. Co-op has to buy and acquire raw materials to enable the business to carry out the production and manufacturing of its goods How production and manufacturing function helps co-op meet its business objectives and aims
The production and manufacturing function co-op helps the business meet its aims and objectives by using raw materials which are then processed to manufacture and produce finished products, which are then sold to the final consumer. This particular function is important to co-op because it is a business whose activities are found in the tertiary sector, and its main activities are production and retail. This is the main source of revenue for co-op and it is what keeps the business as a whole in the market.
The production and manufacturing function has to carry out actions like: * Adding value to its products to encourage customers to buy the businesses brand of goods i. e. more products for a lesser price. * Using quality control methods to lower the businesses costs and increase efficiency i. e. less time spent checking goods for production errors and faults and correcting mistakes can reduce the businesses costs and increase profitability. * packaging the goods attractively to encourage customers to buy the businesses products 3. Finance and Account function
The finance and accounts function in co-op retail is responsible for looking after the financial records and transactions of the business. It is responsible for recording and dealing with all the monetary aspects of the business. The importance of the finance and accounting function at co-op The finance function is the most important of all the functional areas at co-op because this department keeps track of all the companies’ finances, income, costs and revenue and also to make sure that that all bills are paid and that the staff salary is received each month.
To control the financial aspect of the business the company allocates different department budgets and expect them to keep to the planned level of income and expenditure, finance also has the task of preparing all the accounts each year and complying with its legal responsibilities to the Inland Revenue. The purpose of the finance department at co-op is to keep all the financial records required by co-op retails detailing all the receipts and payments that have been made, it also undertakes the task of monitoring the income and expenditure of different departments against the budget of the company.