SOME SUCCESS STORIES IN SUPPLY CHAIN MANAGEMENT

The two supply chains of Walmart and Amazon are different from each other and are efficient at their own perspectives. Both the supply chains are highly efficient in reaching out the customers in different ways. Walmart’s supply chain is completely based on store based retailing whereas Amazon’s supply chain is based on online retailing. The various methods followed by Walmart in its supply chain are vendor management inventory, cross-docking and central warehousing. Amazon acts as a retailer, as a third party and as an agent in supply chain management while selling various products through online.

Reorders are placed at the time of review (T), and the safety stock that must be reordered is:

ABSTRACT-The purpose of this paper is to present a case study of any industry of india whether it is manufacturing, service, Health care and retailing industry and the Problems faced by these industry these days. This paper takes in account the technique of supply chain management. It has not been clear how do firms build a responsive supply chain in global manufacturing environments. Built upon a synthesis of the existing literature and relevant theories, this paper presents a research model that defines the drivers, strategy, and practices of a responsive supply chain and the performance outcomes. This paper is one of the rare empirical studies that identify key variables relevant to the implementation of a successful responsive supply chain. The effective implementation of a responsive supply chain requires a careful definition of a responsive supply chain strategy in terms of the product range, and the frequency and innovativeness of the product offerings. Firms also need to provide key implementation practices (i.e., sharing of information with customers, collaboration with suppliers, use of advanced manufacturing technology) to achieve pull production to achieve responsiveness to the market.

In the San Diego distribution center (DC) information flow example, dealers not being notified automatically of order status would be classified as

All retailers have a common goal in mind, and that is to make a profit. Companies earn a profit by first connecting customers with products, which can lead to an exchange of product for money. Without the ability to connect customers with products, no money exchange is possible and no profit is earned. It is, therefore, immensely important for retailers to have the right products, in the right quantities, at the right locations, and at the right time. Inventory Management Systems provide companies like L.L.Bean with the necessary information to achieve just that. L.L.Bean’s advanced inventory management system (IMS) connects customers with products, irrespective of the location of the product or the customer (Hoffsess, 2015).

As the world’s biggest retailer, the Wal-Mart’s history is a story about innovation, leadership and success. Sam Walton established the Wal-Mart in 1962 (Michael, 2009). On October 31, 1969, it was incorporated and listed on the New York Exchange in 1972 (Michael, 2009). Wal-Mart grew from a single store in Rogers, Arkansas in 1962 to the world’s largest retailer, which operates over 11,000 retail units under 71 banners in 27 countries (Wal-Mart’s official website, 2014). In addition, the Wal-Mart employs 2.2 million associates around the world, which equals to the population of 50 smallest countries combined (Andy, 2012). With its advanced cross-docking inventory system, good relationship with factories, Wal-Mart has achieve economics of scale and got a big market share.

Although Alliance Supermarkets utilizes a point-of-sale system to track its inventory levels and keep constant records for each location’s on-hand quantities, the firm still experiences several problems with regards to effective and efficient inventory management. As stated in the case study, “sudden changes in demand for a particular item can catch the company by surprise as it bases inventory replenishment on historical demand patterns. Further, demand patterns and preferences may vary from one store to another depending on the customers served by each, but the inventory system groups all demand information together and treats each store equally. Finally, the manufacturers that make the products stocked by Alliance Supermarkets are

Walmart over the past few decades, spread across America from nearly every small town coast to coast. The stores rapid growth, lead to the availability of a wide variety of low cost goods all in one store. Whether the company is viewed in a positive or negative light is irrelevant when discussing innovation by its ability to spread like wildfire. Technology in recent years is placing a strong fight against the major retailer in terms of convenience. Stores such as Amazon online allow for consumers to purchase goods without ever leaving their homes. Walmart’s innovations in the supply chain management field must adapt to the benefits of online sales if it intends on remaining a strong competition to online stores.

Wal-Mart is one of the biggest retailer of its time who was known for being the major private sector employer worldwide. It has become an enormous company by identifying the market gap regarding customer services. They have tried to fulfill this gap through their market research of both small and large towns. As quoted in the case study Wal-Mart’s focus was on building up an efficient supply chain management system as it claims “Supply chain management is moving the right items to the right customer at the right time by the most efficient means.”

Wal-Mart is the number one retailer in the world in both sales and earnings, dwarfing many of its retail competitors. It offers a full assortment of products ranging from clothing to electronics. It currently has 6000 locations predominately within the United States with over $312.4 Billion in net sales during 2006. In addition to its strong domestic presence, Wal-Mart has expanded aggressively to Canada, Mexico, and Puerto Rico with over 1000 locations within those countries. This expansion can potentially create greater economies of scale for Wal-Mart services and merchandise. The synergies created by expansion will also drive profitability in the future by providing goods and services at even lower costs to consumers. In order to enter foreign markets successful, Wal-Mart engages in both joint ventures and acquisitions. By utilizing this method, Wal-Mart intends to leverage foreign retailer's market knowledge with its own core competencies of merchandising and supply chain management (Stilgoe, 2003).

Wal-Mart is arguably the most dynamic corporation in the last 50 years in the United States, if not the world. Arising from its beginnings in Bentonville, Arkansas, it has grown to over 4,400 discount stores, super centers and corner markets worldwide. Wal-Mart continues to expand despite public criticism of its labor practices as well as complaints about their treatment of competitors. The many strengths of Wal-Mart, like their low cost production and marketing practices, will aid Wal-Mart as it continues to grow in the retail

In the digital era, innovation is the only way to success. Innovation in business means doing something different in a better and smatter way that will make a difference regarding quality, value or productivity by use of technology. Information technology has been the main thing that has been used in propelling the business to the next stage of innovation. Wal-Mart, the world largest retailer, was facing inventory management in all its branches leading to low- sales. From its inception, Wal-Mart has relied on the supply chain in contributing to its success. The company used fewer links in the supply chain as part of its innovation that will enhance its success in 1980. Before 2014, the company had engaged in previous attempts of incorporating technology in its activities since 2003. However, the technology was abandoned in 2009 as it did not solve any problem for the company. However, the same technology was incorporated into the business in 2014 which ensured that there were transparency and efficiency in supply chain leading to enormous success in the company.

Walmart is equally ranked among the highly valuable companies, in terms of market value, as well as the biggest grocery retailer where it generates more than 51% of its sales from the grocery business. This paper explores Walmart’s operation management with regard to supply chain characteristics, global business operations, production processes, the company commitment to quality and excellence, inventory methodologies, operational planning and movement towards lean processes (Massengill, 2013).

This article is about supply chain management (SCM). Its importance in the field of operation management. Supply chain management was discussed from the past three decades. This article tells about how supply chain management developed and how it will proceed in the future. The term “supply chain management” first appeared in the practitioner literature in 1982, which said that SCM is a way to manage resources and assets in a better way.

Walmart the supercenter giant was founded in Rogers, Arkansas in 1962(Walmart). Founded by Sam Walton with his visionary leadership and along with his associates they focused on helping consumers and communities to save money and live better (Walmart). The successful retail giant has been known to dominate markets and operate on global efficiencies. Walmart operates in 27 countries with more than 11,000 stores serving more than 2 million consumers worldwide (Walmart). The economic satisfaction encouraged Walmart to develop new strategies and methods that they are now using to help with management. The retail giant has been very successful with Inventory Management and there Forecasting methods. Some key tactics they incorporate within success of inventory management are strategic vendor partnerships, fewer links in the supply chain, cross docking and technology. In result to having such inventory system Walmart is able to forecast and plan for any unforeseen circumstances.