Wal Mart s Supply Chain Management Essay - 1510 Words

WAL-MART’S SUPPLY CHAIN MANAGEMENT TECHNIQUES Praseeda Sasanka Pisipati NUID :94862513 Table of Contents: Introduction†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦3 A Brief History of Supply Chain Management (SCM)†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦....4 How Supply chain management influenced the retail business †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..5 Gartner hype cycle and scope of SCM trends†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.7 Supply Chain Management in the Gartner hype cycle†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...8 Moore’s Technology Adaptation life cycle †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦9 Target Audience †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦9 Latest trends in supply chain management†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦9 Adaptation to new technologies in SCM and facing the current challenges†¦Ã¢â‚¬ ¦10 References †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦11 Introduction The impact of globalization is increasing every day and companies are becoming more associated both in and out with other organizations. The turnaround time in any business for any event should be as minimum as possible. Enterprise systems add value to the organization by increasing both the operational efficiency and the throughput of the company. Today, supply chain management (SCM) is eventually becoming a core competency wherein the enterprise resource planning (ERP) system is supposedly an integral part of supply chain management (SCM). Walmart is the world s largest company by revenue, according to the Fortune Global 500 list inShow MoreRelatedAnalysis Of Amazon And Wal Mart1614 Words   |  7 Pagesthe same strategies. This is evident with both Amazon and Wal-Mart, both are direct competitors but each focuses on a different market channels and provide different customer value proposition. A business strategy characterizes a company’s unique position in the market and d istinguishes the firm ’s value proposition from that of its competitors. Qupte Simci levi Such a unique market position drives and depends on operations and supply chain strategies. Unfortunately due to the effiency curve, no companyRead MoreGlobal Supply Chain1083 Words   |  5 PagesAbstract The supply chain is a concept resulting from multiple independent entities that affect each other. This paper will discuss about Wal-Mart supply chain it will provide the six component, problems and approaches to solve the problems. Wal-Mart is one of the major retail in the world (Walmart 2011). Wal-Mart is continuously developing its business by developing its services and product portfolio. The supply chain of Wal-Mart is also effective to enhance its effectiveness within the industryRead MoreErp Management System Is The Mode Of The Modern Enterprise Management1503 Words   |  7 Pages ERP management system is the mode of the modern enterprise management. It is a company-wide application, highly integrated system, covering the customer, project management, inventory and purchasing supplies production, by optimizing the enterprise resources to maximize resource efficiency. ERP management software is a management accounting as the core of the information system, identifying and planning the enterprise resources, thereby obtaining a customer order, complete the processing and deliveryRead MoreWalmart Case Study1201 Words   |  5 PagesWal-Mart s Supply Chain Management Practices Abstract: The case examines the supply chain management practices at Wal-Mart, the leading retailer in the world. The case explains in detail how Wal-Mart managed various components of the supply chain including procurement, distribution, logistics and inventory management. It covers how the use of innovative IT tools has helped the company in improving the efficiency of supply chain. The case concludes with a discussion on the benefits reaped by Wal-MartRead MoreSupplychain Management at Walmart1520 Words   |  7 PagesSummary SUPPLY CHAIN MANAGEMENT AT WAL-MART Wal-Mart was the world s largest retailer, with US$312.4 billion sales from operations spanning 15 countries in 2006. In the most recent quarters the company had been unable to meet its self-imposed target of holding inventory growth to half the level of sales growth. Wal-Mart s new executive vice-president of logistics, Johnnie C. Dobbs, wondered what he could do to ensure that Wal-Mart s supply chain remained a key competitive advantage for his firmRead MoreWal Mart For My Hospitality Analysis1496 Words   |  6 Pageschosen Wal-Mart for my hospitality analysis. Wal-Mart was founded in 1945, with it s headquarters in Bentonville, Arkansas. Wal-Mart is known for their variety and discounts in the industry. Along with operating worldwide as of January 31, 2006, they also have 1980 superstores, 567 Sam s Clubs, and 1209 discount stores. They have also extended their operations into the international countries. There are two forms that they run their retail: Wal-Mart Stores, and S am s Club. The Wal-Mart storesRead MoreWal Mart s Distribution And Logistics System Essay1423 Words   |  6 Pages1. Wal-Mart has been able to achieve respectable leadership in the retail industry because of its focus on supply chain management. Discuss in detail the distribution and logistics system adopted by Wal-Mart. A few reasons as to why Wal-Mart became a leader in the retail industry is due to their practices in obtaining competitive advantage by offering the lowest prices for the market. Wal-Mart built their practices by giving suppliers transparency to meet the demand of customers and granting themRead MoreCompetitive Advantage Vs. Competitive Strategy1514 Words   |  7 Pagesit creates and apprehends value for its stakeholders (Brea-Solà ­s, Casadesus-Masanell and Grifell-Tatjà ©,2014). Figure 3 (Source: Brea-Solà ­s, Humberto, Ramon Casadesus-Masanell, and Emili Grifell-Tatjà ©. Business Model Evaluation: Quantifying Walmart s Sources Of Advantage. Strategic Entrepreneurship Journal 9.1 (2014): 12-33) Michael Porter (1985) defines that there are eight distinctive categories for generic discount retail business model: 1. Pricing. Retailers decide the prices of their merchandiseRead MoreCase Analysis: Supply Chain Management at Wal-Mart1394 Words   |  6 PagesCASE ANALYSIS: SUPPLY CHAIN MANAGEMENT AT WAL-MART INTRODUCTION Wal-mart Stores Inc was the world’s largest retailer and was started by Sam Walton in 1962 who named it as â€Å"Wal-Mart Discount City†. However before Wal-mart; Sam Walton owned a number of Ben Franklin Store Chains. Due to this prior experience of owning smaller variety stores and dealing with its franchised supply chain, he learnt various business concepts and also was able to selectively purchase merchandise in bulk from new suppliersRead MoreSwot Analysis of Wal-Mart and Carrefour952 Words   |  4 PagesSusan Donoho Argosy University SWOT Analysis of Wal-mart and Carrefour SWOT Analysis for Wal-Mart and Carrefour What is a hypermarket? According to Business Dictionary that is an online business definition resource, it is a â€Å"vast self-service warehouse-cum-retail outlet that combines the features of a supermarket, department store, discount store, and specialty store in one location.† A hypermarket may also be called a hyper-mart (Business Dictionary, 2012). The multinational retailers that