Supply Chain Management: Walmart

Wal-Mart, now known as Wal-Mart, is the world's largest public multinational corporation in 2010 and has a series of large discount department stores and chain stores all over the world. Wal-Mart is committed to increasing sales, constantly reducing the cost of offering goods at the best price, efficient distribution and logistics management system coordination to ensure continued product flow, and innovative IT and We are working on realizing an accurate and efficient business process using the system.

Even in the first few years, Wal-Mart's supply chain management has contributed to its success. Wal-Mart's supply chain innovation began with removing the link to the chain store from the beginning. Founder Sam Walton purchased several Ben Franklin franchises before purchasing the first Wal-Mart in Rogers, Arkansas in 1962, selectively purchase large quantities of items and ship them directly to stores did. Wal-Mart has long conducted strategic sourcing to find products at the best price from suppliers that can reliably meet their needs. Later, the company establishes a strategic partnership with most suppliers and offers the possibility of long-term and bulk purchase in exchange for the lowest possible price.

Technology plays an important role in the Wal-Mart supply chain and is the foundation of our supply chain strategy. Wal-Mart accurately predicts demand, tracks and predicts inventory levels, creates efficient transportation routes, manages relationships with customers, and realizes logistics for servicing. . For example, Wal-Mart first implemented a general-purpose product code (barcode) throughout the company in 1983. This allows you to instantly gather and analyze system level information. After that, Wal-Mart used it to further innovate the current technology. Saving catcher. Consumers can scan product bar codes at the best price on smartphones.

Wal-Mart is working on improving operations, reducing costs, and improving customer service. However, the secret of retailer Wal-Mart's success is that it can draw costs from the supply chain and effectively manage all Wal-Mart stores to operate like small businesses. Store managers are trained to manage one store at a time, one department at a time, and one customer at a time. By establishing a partnership between top manufacturers and suppliers, Wal-Mart implements advanced logistics solutions such as RFID (Radio Frequency Identification). Wal-Mart provides online retail link software for suppliers to enter and display purchase orders, operator reservations, and acquire load data. We will compile supplier scorecards into time performance evaluations and other metrics.