Tesco was founded by Jack Cohen in 1919 from market stall in Londons East End. Over the years, as the retailing market has transformed, their business has grown and developed, giving an answer to new opportunities and initiating many enhancements. Now these are working in 14 countries surrounding the world with employing more than 500, 000 employees. (TESCO PLC)
In May 2002, Tesco exposed its first store in Malaysia is at Puchong. The opening of Tesco changed the buyer demand, also helped bring new requirements in the retail trade. To be efficient and competitive with the outcome of benefiting Malaysian consumers, it has encouraged both large and small retailers to become more productive and competitive.
Masterman described project procurement as the organizational structure needed to design and build construction projects for a particular client. That is very true to an extent because the procedure of "obtaining" a building by a customer involves a group of folks who are brought together and organized systematically in term with their roles, duties, duties and interrelationship between them. After assessing all options and confirming the need for a construction project, a more detailed case for the project should be developed.
A strategic method of procurement should be predicated on understanding the client's business needs and drivers, also to fully appreciate the marketplace where it operates. That is absolutely fundamental in establishing how efficient the construction project can assist the client in reaching business success.
