Wal Mart Supply Chain

ARTICLE REVIEW ON SUCCESS STORIES OF IMPLEMENTING SUCCESSFUL come forth CHAIN PRATICES IN ORGANIZATIONS (Individual Assignment) Wal-Mart Founded by Sam Walton in 1962, Wal-Mart was stratified second in the global Fortune 500 constitute in 2009 (Refer Table 1). It was the largest retailing company in the world, which specializes in satisfying consumers durable goods product needs and offering consumers a choice multiple merchandise lines, at variable hurt points, in all product categories. TABLE 1 GLOBAL fact 500 LISTS (2009) Rank| Company| Revenues (in millions)| 1| Exxon Mobil| 442,851.0| 2| Wal-Mart Stores| 405,607.0| 3| Chevron| 263,159.0| 4| ConocoPhillips| 230,764.0| 5| General Electric| 183,207.0| base: www.fortune.com Wal-Mart was able to achieve a leadership status in the retail industry because of its efficient supply chain worry practices. 3 areas where Wal-Mart manages the supply chain: Procurement & dissemination Wal-Mart procured goods directly from manufacturers, bypassing all intermediaries. It was a tough price negotiator which will only purchased when it was fully assure that the products bought were not usable elsewhere at a lower price.

Wal-Mart also played out time meeting vendors and understanding their cost structure. By reservation the process transparent, it would know which manufacturers were doing their best to cut down be and then it will establish long term race with that vendor. Besides, Wal-Mart had over 40 distribution centers at various locations in the US to ensure steady and consistent flow of products to sustainment the supply function. To manage center easier and more economical, it used in advance(p) barcode technology and hand-held computer systems to enable the packaging department to get to accurate information about the products to be jam-packed so as to save time on supernumerary paperwork. It also allowed the center supervisors to monitor their employees closely which... If you want to get a full essay, order it on our website: Orderessay

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