Checkers has big plans for its Sixty60 business – including more jobs The Shoprite Group has entered into a joint venture with its existing Checkers Sixty60 logistics partner, the RTT Group, in which both parties will own 50%. “We anticipate this transaction will add to the more than 4,000 jobs already created by Sixty60 as we continue to grow in the communities in which we operate,” said Shoprite Group chief executive Pieter Engelbrecht. “The benefits arising from formalising this relationship with RTT On-Demand should extend beyond our customers to also include our employees, suppliers and shareholders, and we are incredibly pleased to be moving forward with our e-commerce plans on this basis.” The transaction, which envisages Shoprite Checkers holding a 50% interest for an undisclosed sum, is subject to the fulfilment of both commercial and regulatory conditions and includes RTT’s on-demand technology platform, management and operations teams. “This transaction is in line with our digital strategy. Owning the last mile home delivery aspect of our Sixty60 service is an important part of building out our digital ecosystem for customers. “We consider the combined capability we have built with RTT to be a critical competitive advantage and key to Sixty60’s rapid growth. This RTT On-Demand joint venture will allow the group the opportunity to continue enhancing our order fulfilment and last-mile delivery capabilities whilst giving us the opportunity to grow our precision retailing efforts for our customers,” Engelbrecht said. The group’s digital tech hub, ShopriteX, spearheaded the Checkers Sixty60 innovation, quickly becoming one of the most popular grocery apps in South Africa with over two million downloads. Checkers, inclusive of Checkers Hyper, operates from 268 stores in South Africa, while Checkers Sixty60 has rapidly expanded to over 261 stores and has created over 4,100 new jobs – up from 800 a little over a year ago. Shoprite is the largest private employer in South Africa, employing over 142,600 people, 30,000 of which work within the Checkers brand Explain how product, money and information flow in logistics and discuss how Checkers has managed efficiencies through managing these 3 aspects.
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
Checkers has big plans for its Sixty60 business – including more jobs
The Shoprite Group has entered into a joint venture with its existing Checkers Sixty60 logistics partner, the RTT Group, in which both parties will own 50%. “We anticipate this transaction will add to the more than 4,000 jobs already created by Sixty60 as we continue to grow in the communities in which we operate,” said Shoprite Group chief executive Pieter Engelbrecht.
“The benefits arising from formalising this relationship with RTT On-Demand should extend beyond our customers to also include our employees, suppliers and shareholders, and we are incredibly pleased to be moving forward with our e-commerce plans on this basis.”
The transaction, which envisages Shoprite Checkers holding a 50% interest for an undisclosed sum, is subject to the fulfilment of both commercial and regulatory conditions and includes RTT’s on-demand technology platform, management and operations teams.
“This transaction is in line with our digital strategy. Owning the last mile home delivery aspect of our Sixty60 service is an important part of building out our digital ecosystem for customers. “We consider the combined capability we have built with RTT to be a critical competitive advantage and key to Sixty60’s rapid growth. This RTT On-Demand joint venture will allow the group the opportunity to continue enhancing our order fulfilment and last-mile delivery capabilities whilst giving us the opportunity to grow our precision retailing efforts for our customers,” Engelbrecht said. The group’s digital tech hub, ShopriteX, spearheaded the Checkers Sixty60 innovation, quickly becoming one of the most popular grocery apps in South Africa with over two million downloads.
Checkers, inclusive of Checkers Hyper, operates from 268 stores in South Africa, while Checkers Sixty60 has rapidly expanded to over 261 stores and has created over 4,100 new jobs – up from 800 a little over a year ago.
Shoprite is the largest private employer in South Africa, employing over 142,600 people, 30,000 of which work within the Checkers brand
Explain how product, money and information flow in logistics and discuss how Checkers has managed efficiencies through managing these 3 aspects.
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