Wal-Mart Operations Management Analysis

Their ability to work together affects the quality of service that the customers receive. To give the very best service to their customers, and to each other, they rely on guidelines that make their culture great. It also makes them a proud member of the Wal-Mart family.

Wal-Mart currently has one of the most advanced inventory management systems due to their use of RFID tracking capabilities. Every product is equipped with a radio frequency identification tag, which identifies the location and type of product in the warehouse. As the product leaves the warehouses, there are readers in place at the door that automatically recognize which products are leaving and entering the warehouse. The benefit of this is that it limits the use of employees better employed elsewhere and has impeccable accuracy, much more accurate and faster than if employees were to take inventory. The service that our product provides is to take this current technology and to implement it at a grocery stores as well as retail in the

4. Relations with Suppliers- Wal-Mart has in place a system that helps to achieve their goal of lower prices. This Information Technology system includes computers, networking, and internet that cuts inventories and waste and helps with speedy delivery. This system also helps Wal-Mart to keep in constant contact with suppliers by transferring the data that suppliers need so they know what Wal-Mart needs. Wal-Mart also works with suppliers to improve their production and squeezes the best prices out of its supplier. The video referred to Wal-Mart as the customer’s agent. All of this focus Wal-Mart puts on suppliers reduces costs and lowers prices. Wal-Mart’s technological/logistical leadership remains unmatched by competitors (Web, 2005).

Wal-Mart’s sheer size gives it unrestrained economic power which allows it to drive down costs in the retail and manufacturing sectors and to enact its own standards with regards to its work force.

Walmart, the largest retailer in the United States, was founded by Sam Walton in 1962 (Malhotra, 2016). The headquters is located in Arkansas. Walmart is the third largest ecommerce company, just behind Amazon and Apple (Malhotra, 2016). Walmart has more than 11,000 stores in over 27 countries and has 2.3 million employees all over the world (“Company Facts”, n.d. & Malhotra, 2016). More than half of these employees (1.4 million) worked in the United States (“Company Facts”, n.d. & Malhotra, 2016). Walmart promoted more than 200,000 job opportunities in the United States (“Company Facts”, n.d.). According to the Walmart’s annual report, the company has $482.1 billion total revenue by January 2016 (“Company Facts”, n.d.). The current president and CEO is Doug McMillon (“Company Facts”, n.d.). Greg Penner is the chairman of the Board of Directors (“Company Facts”, n.d.).

Another important fact is supplier involvement with RFID implementation. Walmart’s top 300 suppliers are required to put the tags on products, if they want to conduct business at Walmart. The average cost per tag is less than 20 cents. Supplier’s using the tag’s benefit by communicating immediate information to the retailer and product manufactures giving Walmart the competitive leverage in retail industry by inventory control. RFID implementation benefits the entire logistics operation and supply chain management.

To lower production costs or producer transaction costs. Wal-Mart.com is able to lower production costs due to the fact that the number of employees, rent and advertising costs will be respectable lower for the business online than for a discount store. Instead of intermediate warehousing, Wal-mart.com will directly deliver the ordered number of products and in this regard lower its producer transaction costs, which will shift its supply curve to the right, causing a right shift of the demand curve as well.

In today's society, Wal-Mart is known as one of the leading competitors of retailing. Wal-Mart was incorporated in 1962, with the goal of becoming the world's biggest and best in the retail world. Over the years, this company has developed into a brand image and market pace to be one of the biggest known industries of all time. Wal-Mart is double the size of its closest competitor with the motto 'Save Money. Live Better.' The owner, Sam Walton, said it best "If we work together, we'll lower the cost of living for everyone…we'll give the world an opportunity to see what it's like to save and have a better life" (Walmart.com, 2009).

Walmart is the largest public corporation by revenue dealing with big discount departmental stores. The company was started by Sam Walton in 1962 and became incorporated in 1969. Walmart operates under different names in different countries. According to fortune global, Walmart is the largest company globally by revenue. It is a family owned business controlled by the founder’s family. The company operates grocery stores and own retail warehouses. There are a massive number of workforces in the company with the adoption of e-retail systems through the launch of online retail stores.

and the whole business Wal-Mart has developed into a benchmark. As the nation 's largest private

Wal-Mart Stores Inc. helps individuals around the globe spare cash and live better - at whatever time and anyplace - in retail locations, online and through their cell phones. Every week, more than 245 million clients and individuals visit our almost 11,000 stores under 65 flags in 28 nations and e-trade sites in 11 nations. With financial year 2015 net offers of $482.2 billion, Wal-Mart utilizes 2.2 million partners around the world. (Wal-Mart Corporate) Wal-Mart is a superpower in the business world and has been that way for 50+ years. Understanding how it got to this point and how it has maintained its successful business model starts with its

This report provides the analysis and examples of inventory management system and forecasting methods of Walmart. Methods of analysis and evaluation include Walmart strategic vendor partnerships, fewer links in supply chain, cross docking, and technology. Results of methods mentioned show Walmart accruing a high inventory turnover ratio of 8.1 (Bloomberg). In comparison to other retailer on regional and global scale Walmart hits industry highs with 71.9% in market share

Wal-Mart operates over 6,100 stores worldwide, employs 1.8 million associates, and operates in 15 different countries (Annual Report, 2006, p. 12). Lee Scott,

Wal-Mart Stores, Inc. is a multinational retail corporation that runs large discount grocery stores and warehouses. It was established fifty years ago by Sam Walton and his brother Bud in Bentonville, Arkansas (USA). Wal-Mart is considered one of world ́s most valuable companies. It has a sale over $300 billion a year. Wal -Mart is the world biggest employer, having more than 1.5 million workers around the globe. It has more than five thousand stores worldwide. Most of the stores (around 80%) are found in the United States. Over the past ten years, Wal-Mart has become the world ‘s largest and most strong retailer with the leading sales per square foot, inventory turnover and operating profit of any discount retailer. They address on creating a difference in the customers lives better and helping customers save money.

In order to make a profitable business, Wal-Mart tries to keep a sustainable business partnership with its suppliers. For example to keep a close information share, or even use the Retail Link system. Through these ploys, it can help to encouraging suppliers to achieve diversification do business. Also help to achieve the net-net prices and the low delivery cost. Therefore, Wal-Mart is ranked as the best retailers with which to do