Management Supply Chain Management Supply Essay

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"Wal-Mart has the biggest IT systems of any private company in the world and supply chain Wal-Mart has made important investments in supply chain management" (Why Wal-Mart's supply chain is so successful, n.d.).

Wal-Mart's way of doing business is founded on a low price approach and low transportation expenses which permit it sell its products at the lowest achievable prices. "In return for its Everyday Low Price Strategy, Wal-Mart's suppliers, both large and small, either break even or make profit supplying at Wal-Mart's stores. But the real winners are Wal-Mart's customers who save thousands of dollars buying at low prices. Since Wal-Mart stores began selling groceries almost three dozen regional grocery suppliers have struggled to match or simply run out of business. On average Wal-Mart's annual sales are $350 billion and it has more than 7,000 stores, 120 distribution centers and operations spanning fifteen countries.

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Nearly two million employees at Wal-Mart focus on cost, customers and continuous improvement on a daily basis. Other major retailers like Target and Home Depot have emulated Wal-Mart's logistics strategies and tactics" (Why Wal-Mart's supply chain is so successful, n.d.).

Every Wal-Mart store functions like a small company. Store managers are taught to run one store at a time, run one department at a time, and take care of one customer at a time. Decisions are made by store teams in order to make the individual stores function at their best with superior execution. With recognized vendor affiliations with top manufacturers, Wal-Mart has put into practice advanced logistics solutions like RFID (radio frequency identification). These resolutions help maintain lower expenses, recognize out-of-stocks and increase sales (Why Wal-Mart's supply chain is so successful, n.d.)......

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"Management Supply Chain Management Supply" (2012, March 18) Retrieved May 2, 2024, from
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