Wal Mart : The World 's Largest Retail Store

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Wal-Mart is known as a huge merchandiser company, and is known as the world’s largest retail store. It has “managed more than 11,100 stores in more than 27 countries to this very day, and has a huge market cap of more than 275 billion dollars”(http://marketrealist.com/2015/02/analyzing-walmart-worlds-largest-retailer/) , ranking amongst the top ten companies in the world. If that doesn’t throw you over the top, I don’t know what will! It is one of the only retailer stores that has a wide variety of items pertaining to their customers with items such as groceries, entertainment gadgets, pharmaceuticals, auto parts, hardware, home items, clothing, and many more. With that being said, Wal-Mart is a world-leading brand with its enterprise and…show more content…
As you can see, it s is a long procedure to ensure that the company follows out certain rules and laws to protect the name of the company and to guarantee that every item they ever produce and distribute is sent out in a proper and timely manner. Let us begin with pricing and procurement strategy; this allows Wal-Mart to purchase their inventory in bulk and negotiate on prices rather than buy out items for full price and lose profit. By doing this, their company is able to guarantee that they will not only make a profit for themselves, but have a great turnout as well. Wal-Mart is able to negotiate for discounts with whoever their suppliers are, receiving their items in bulk rather than piece by piece. Second, Wal-Mart is able to enter into agreements with their suppliers- an agreement that will last for a long time rather than have to deal with separate suppliers every time they want to put in an order for their company. Next they are able to deal directly with their producers rather than have someone do it for them, in this way they can guarantee that they are getting every penny’s worth of their money and that they do not have to deal with anyone else getting into their agreement between the manufactures and the company itself. Lastly, by having this step, Wal-Mart is able to
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