Strategic Vision And Operations Planning

Decent Essays

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 the importance of developing a strategic vision and operations planning in order to help the store current seasonal problems. I find out that Supply Chain Management at Walmart does not only refers to technology, but the involved company …show more content…

To maximize productivity and minimize cost. Some productivity measures that important to consider are: revenue sales per unit, stockout rate, and duration of order filling. The report explains the importance of building a strong supply chain management and how to develop strategies to make the store more efficient.
The Organization

Walmart is an American multinational retail company that runs thousands of chain of department and warehouse stores with a total of 11,530 stores. Walmart is one of the largest retails in the U.S and the world. Walmart supply chain is very complex and it is considered one of the world most valuable companies. Walmart employs around of 2.3 million of associates. For the fiscal year ended on January 31, 2016, Walmart’s total revenue was $482.1 billion. The organization projects a goal of 45-60 billion “3 Year Project Sales Growth”.
Systems Perspective

The objective of Walmart is to improve supply chain efficiency with the updated technologies that will help them to control stocking problems. In 2003, Walmart planned to replace the bar code technology with RFID (Radio Frequency Identification) this system that automatically identify and track tags attached to objects. In 2013, Walmart lost $3 Billion sales due to out of stock merchandise. Many believe that this was due to poor management and few payroll hours given to employees. However,

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