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UK, USA and Chinas wal-mart supply chain management Essay Example

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UK, USA and Chinas wal-mart supply chain management

The second concept is while the ideology of supply chains is crucial to the success of any business, few firms have paid less attention to this and in turn they have limited this concept to the supply chain that take place within the four corners of their business. Consequently, this has led to disjointed and inefficient supply chains.Supply chain management is therefore the effective management of activities in these supply chains to ensure that the consumer gets the best of a product and attain competitive advantage. These activities include development of the product, sourcing for raw materials, production and logistics and the information system required to run the activities.All the organisations involved in this chain are linked up by physical and information flow. Physical flow is concerned with the transformation, movement and storage of goods and services-the most important flow that can be physically handled. On the other hand, information flows enable partners who are involved in the chain to plan and coordinate on their long-term goals the continuous flow of goods and services within the supply chains.The evolution of Wal-Marts chains supply management is grounded on several elements that will be discussed below. It has enjoyed a lot of benefits from its efficient supply chain management system. These include saving time, attainment of a cost-effective inventory management system and have facilitated real time forecasting on its product.In the fiscal year that ended in 2014, the company managed to raise $476 billion. This is according information obtained from the Wall Street Journal. A greater percentage of revenue for Wal-Mart comes from the widespread restaurant within the U. according to Gartner, a Research and Analyst Company, 81% of Wal-Mart’s revenue, in 2010, came from its 4100 restaurants. This is because its National Federal Retail ranking supposed the expectations of many. This is attributed to its mature supplier collaboration process which is extensively supported by technology.The company began direct interactions with manufactures as early as 1980’s. This operations enable suppliers manage Wal-Mart’s inventory in their warehouses. This led to development and establishment of vendor managed inventory system in the led to smoothening of irregularities in flow of inventory. As a result, the system ensured constant availability of goods and services in Wal-Mart’s warehouses for

References

Chan, A. (2011). Wal-Mart in China. Ithaca: ILR Press.

Chopra, S. and Meindl, P. (2007). Supply chain management. Upper Saddle River, N.J.: Pearson Prentice Hall.

Deru, M., Kozubal, E. and Norton, P. (2010). Wal-Mart experimental store performance stories. [Golden, CO]: National Renewable Energy Laboratory.

Hugos, M. (2003). Essentials of supply chain management. Hoboken, N.J.: John Wiley & Sons.

Keegan, W. and Green, M. (2015). Global Marketing. Harlow: Pearson Education Limited.

Pope, D. and Pope, J. (2012). When Wal-Mart comes to town. Cambridge, Mass.: National Bureau of Economic Research.

Roberts, B. and Berg, N. (2012). Wal-Mart. London: Kogan Page.

Wal-Mart Employees., (2001). The Wal-Mart Family Cookbook. Apopka, Fla.: Try. Foods International, Inc.

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preview essay on UK, USA and Chinas wal-mart supply chain management
  • Pages: 20 (5000 words)
  • Document Type: Essay
  • Subject: Marketing
  • Level: Masters
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