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    Walmart

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    maximillan njagi
    Walmart has become the largest retailer in the world through successful supply chain management and strategic sourcing. It forms strategic alliances with suppliers to ensure low prices and high inventory turnover. Walmart also optimized its supply chain through improved communication with suppliers and investing in technology to track inventory and replenish stock. This strategic focus on the supply chain has allowed Walmart to consistently offer low prices to customers.

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    Walmart

    Uploaded by

    maximillan njagi
    75 views4 pages
    Walmart has become the largest retailer in the world through successful supply chain management and strategic sourcing. It forms strategic alliances with suppliers to ensure low prices and high inventory turnover. Walmart also optimized its supply chain through improved communication with suppliers and investing in technology to track inventory and replenish stock. This strategic focus on the supply chain has allowed Walmart to consistently offer low prices to customers.

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    Walmart has become the largest retailer in the world through successful supply chain management and strategic sourcing. It forms strategic alliances with suppliers to ensure low prices and high inventory turnover. Walmart also optimized its supply chain through improved communication with suppliers and investing in technology to track inventory and replenish stock. This strategic focus on the supply chain has allowed Walmart to consistently offer low prices to customers.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    75 views4 pages

    Walmart

    Uploaded by

    maximillan njagi
    Walmart has become the largest retailer in the world through successful supply chain management and strategic sourcing. It forms strategic alliances with suppliers to ensure low prices and high inventory turnover. Walmart also optimized its supply chain through improved communication with suppliers and investing in technology to track inventory and replenish stock. This strategic focus on the supply chain has allowed Walmart to consistently offer low prices to customers.

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    Walmart Operations and Supply Chain Management

    Student’s Name

    Institution Affiliation

    Date
    2

    Walmart Operations and Supply Chain Management

    With the greatest sales per square foot, inventory turnover, and operational profit of any

    bargain retailer, Walmart has grown rapidly over the last two decades to become the biggest and

    perhaps the most powerful retailer in the world. If you want proof of Walmart's success and

    impact in retail, you need go no further than the company's stock price history. Successful supply

    chain management has been almost associated with the company as it has expanded from a

    regional shop to a worldwide powerhouse. One of Walmart's founding principles was to make it

    possible for consumers to purchase products from the store at any time and in any location (Tan

    et al., 2018). After that, the corporation prioritized creating cost structures that would enable

    them to maintain consistently low prices. In order to capitalize on this competitive advantage and

    take the lead in the industry, Walmart shifted its focus to creating a more sophisticated supply

    chain management strategy.

    Over the years, Walmart has perfected the art of strategic sourcing, which involves

    searching for items at the lowest possible cost from suppliers who are confident in their ability to

    satisfy demand. The business then forms strategic alliances with the majority of its suppliers,

    promising them long-term, high-volume orders in return for competitive pricing. In addition,

    Walmart optimized its supply chain management by building communication and connection

    networks with suppliers to enhance material flow with smaller inventory. It's been said that the

    worldwide system of manufacturers, distributors, and retailers operates nearly like a unified

    enterprise. Walmart, in its never-ending quest to provide cheap pricing to customers, has

    embraced and invested in technology to become a frontrunner in the retail industry's

    standardization of inventory tracking and replenishment practices. According to Lin (2019) the
    3

    corporation reportedly spent $10.5 billion on IT in 2015 and has made considerable investments

    to enhance its eCommerce potential.


    4

    References

    Lin, R. (2019). The importance of successful inventory management to enterprises: A case study

    of Wal-Mart. In 2019 International Conference on Management, Finance and Social Sciences

    Research (MFSSR 2019). London: Francis Academic Press.

    Tan, B., Yan, J., Chen, S., & Liu, X. (2018, December). The impact of blockchain on food

    supply chain: The case of walmart. In International Conference on Smart Blockchain (pp. 167-

    177). Springer, Cham.

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