Wal Mart Is A Competitive Tool For Its Business

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Class: This required a wide range of application because if you focus to much on 3PL then you’ll be limited to what actually accounted for Wal-Mart decision not to pursue 3PL. To address this question properly, put on your logistics and “Supply Chain hat” and come along with me as we zoom through Wal-Mart. Don’t forget to wear your scholarly hat as well. Now, think about your recent visit to Wal-Mart with you girlfriend, wife, daughter, and son. Is either a good/bad feeling? So, let me talk about Wal-Mart. Wal-Mart is the largest retail company that is growing continuously through the use of knowledge management. This tool is used to restrict the inventory growth by maintaining proper stock position. The knowledge management system in…show more content…
Knowledge management has improved the intellectual capital of the Wal-Mart. Employees at Wal-Mart become techno-savvy after the implementation of knowledge management practices. With the application of knowledge management, supply chain value of the company has improved (Bidgoli, 2010). Wal-Mart has increased its investment in using innovative tools to manage the employees. Knowledge management has enhanced the competency of the company in terms of attracting and retaining the customers. Through the use of knowledge management Wal-Mart has enhanced its efficiency in maintaining superior inventory stock system. Knowledge management has increased the company efficiency regarding the supplier management. By using KM tools, the company has attained success in ensuring vigorous relations with the suppliers. Wal-Mart has reduced the bargaining power of its suppliers through the application of KM tools. Knowledge base of managers and employees at Wal-Mart has improved (King, 2009). Wal-Mart uses RFID technology to ensure a timely delivery of its products to the customers. RFID technology has assisted the company to adjust its shipments and re-stocking of inventory. RFID tool that is a part of knowledge management has reduced the delay between customer orders and shipments (Bidgoli, 2010). The company is evolving and growing after using knowledge management tools like RFID. Through the use of RFID, the company has developed competency required to survive in the uncertain
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