Walmart-Supply Chain Management - 4472 Words

A supply chain is a network of facilities and distribution options that performs the functions of procurement of materials, transformation of these materials into intermediate and finished products, and the distribution of these finished products to customers. Ganeshan and Harrison Supply chain provides a vital link between suppliers and customers. It involves meeting customers requirements in terms of time, quality and quantity. It helps to optimize design, planning, production, delivery of materials and other resources used in manufacturing and production. The main aim of the study was to investigate and analyze the ways in which the inventory management of Wal-Mart helps in its working. Hence, the author deeply analyzed and†¦show more content†¦Wal-Mart has a competitive advantage and maintains one of the lowest expense structures in retail due to a centralized IS with homegrown, common source codes, says Kevin Turner, former Communication Information Officer (CIO). FORTUNEs annual ranking of Americas largest corporations Rank Company Revenues ($ millions) Profits ($ millions) 1 Wal-Mart Stores 288,189.0 10,267.0 2 Exxon Mobil 270,772.0 25,330.0 3 General Motors 193,517.0 2,805.0 4 Ford Motor 172,233.0 3,487.0 5 General Electric 152,363.0 16,593.0 6 ChevronTexaco 147,967.0 13,328.0 7 ConocoPhillips 121,663.0 8,129.0 8 Citigroup 108,276.0 17,046.0 9 American Intl. Group 98,610.0 11,050.0 10 Intl. Business Machines 96,293.0 8,430.0 Source: From the April 18, 2005 issue, www.fortune500.com Figure 3: Fortunes 2005 annual ranking of Americas largest corporation Inventory management Wal-Mart, pioneer in the inventory management, since 1990s, has reduced its overall cost structure, enhanced supply chain efficiency and increasing customer service. In order to continuous improve its receiving and shelvingShow MoreRelatedWalmart And Supply Chain Management Essay881 Words   |  4 Pagestransforming its business practices related to supply chain management is Walmart. In 1962, the first Walmart was open, so was Target and Kmart. Sam Walton was the founder of Walmart. Mr. Walton was known for his ways of being cheap in business and in his personal life. Walmart was mainly a success because of Mr. Walton’s wanted to keep costs low and then use cost advantage to lower down prices to increase volume. It went round and round and now, Walmart stands as one of the largest retail stores globallyRead MoreWalmart : Supply Chain Management1334 Words   |  6 PagesThe company I think that has been successful at transforming its business practices related to supply chai n management is Walmart. In 1962, the first Walmart was open, so was Target and Kmart. Sam Walton was the founder of Walmart. Mr. Walton was known for his ways of being cheap in business and in his personal life. Walmart was mainly a success because of Mr. Walton’s wanted to keep costs low and then use the cost advantage to lower down prices even more than they were. After he did this he couldRead MoreSupply Chain Management : Walmart And Amazon Essay838 Words   |  4 PagesSUPPLY CHAIN MANAGEMENT-INDIVIDUAL Introduction: The supply chain management is considered as a management concept from past two decades as the customers are concerned about timely and safe delivery. The competitiveness has been increasing among the companies to deliver the products as quickly as possible to the customers all around the world. This has made the supply chain management as a vital tool for the management. This is also measured as a competitive parameter for the companies. The two supplyRead MoreSupply Chain Management: Walmart Essay1812 Words   |  8 PagesWal-Mart, now it is branded as Walmart, is the world largest public multinational corporation by revenue in 2010, which runs a chain of large discount department stores and a chain of warehouse stores worldwide. Walmart focuses on the improvement of sales, constant reducing costs to offer goods at the best price, the adaptation of efficient distribution and logistics management systems to ensure the constant flow of the goods and the use of innovative IT and systems to accurate efficient operatingRead MoreWalmart Supply Chain Management System2559 Words   |  11 PagesWALMART REATIL SUPPLY CHAIN MANAGEMENT System Karan Dewan 300808446 Professor Jeff Parsons Business Communication BUSN 733-102 12th November 2014 Executive Summary Wal-Mart supply chain management system is one of the best in the world. Wal-Mart emphasized the need to reduce purchasing costs and offer the best price to the customer. The company directly procured from manufacturers, by passing all intermediaries. For Wal-Mart, its SCM methods yield lower costs for products and inventoryRead MoreWalmart Case Study: Half a Century of Supply Chain Management3998 Words   |  16 Pagesï » ¿[;’p// Walmart Case Study: Half a Century of Supply Chain Management SCM 607 Dr. John Wu March 15, 2014 Table of Contents Walmart Case Study: Half a Century of Supply Chain Management INTRODUCTION Walmart dominates the retailing industry in terms of its sales revenue, its customer base, and its ability to drive down costs and deliver good value to its customers. After all, the world’s largest corporation, employing 1.8 million associates worldwide, takes pride inRead MoreProject Report on Supply Chain Management of Walmart Under the Guidance of: Submitted by:1482 Words   |  6 PagesPROJECT REPORT ON SUPPLY CHAIN MANAGEMENT OF WALMART UNDER THE GUIDANCE OF: SUBMITTED BY: MOHD FAIZAN YUSUF PGDM 2009-11 Galgotias Business SchoolRead MoreWalmarts Vision And Strategies1542 Words   |  7 PagesWalmart stores can be found across the United States and 26 other countries globally, including – Canada, Mexico, Brazil, Puerto Rico, Ghana, China, United Kingdom, India, and others. In order to adequately serve the expanding demand for quality goods at reasonable prices – Walmart has to ensure that its supply-chain functions efficiently on a regular basis. To this end, in what follows, the author explores the manner in which Walmart manages its supply-chain, the impact of the management of theRead MoreSupply Chain1145 Words   |  5 Pages1 Components of Supply Chain Management (SCM) The main elements of a supply chain include purchasing, operations, distribution, and integration. The supply chain begins with purchasing. Purchasing managers or buyers are typically responsible for determining which products their company will sell, sourcing product suppliers and vendors, and procuring products from vendors at prices and terms that meets profitability goals. Supply chain operations focus on demand planning, forecasting, and inventoryRead MoreStrategic Vision And Operations Planning1210 Words   |  5 Pages Over the past ten years Walmart has become one of the most powerful retails with the highest sales around the world. The company has been recognized with a successful supply chain management. However as 2016, Walmart closed 269 stores, this means that not all the stores are successful and there is a problem that is affecting its operations planning. Walmart by 32nd St. has operation planning problems during winter time when the population increases in the area. This report was written to understand