Professor: Omprakash Gupta
MGT 3332- MW 11:30-12:45 p.m.
Tariq, Sumaya
Chen, YingYin
Wolf, Coryn
Index
Introduction---------------------------------------------------------------The success of Wal-Mart Page 3
Factors Effecting Walmart’s Operations management:
Logistic and distribution function------------------------------------------------------page 3
Planning on demand----------------------------------------------------------------------page 3
Fewer Links--------------------------------------------------------------------------------page 4
Strategic Vendor Partnership------------------------------------------------------------page 4
Inventory Tactics--------------------------------------------------------------------------page 4
Technology---------------------------------------------------------------------------------page 4
Appendix A
Figures------------------------------------------------------------------------------page 7
“Walmart and its Operations Management Success”
The first Walmart was opened in Rogers, Arkansas in 1962, which later was incorporated in to different Walmart stores around the country. In 192 Walmart went public on the New York Stock Exchange. By late 1900s and mid 2000 Walmart was able to grow itself in to a large retailer that not only was present in U.S but around the world in countries like United Kingdom, Puerto Rico, Mexico, Canada, China and India. Now Wal-Mart is the largest retailer company in the U.S and across the world. Most people living in the U.S have experience of shopping at Wal-Mart. As of February 28, 2015, the total retail units of Walmart international was 11,462 and 4520 were in the U.S., and they had 2.2 million employees with 1.3 million in the U.S. alone. Why is Walmart so successful? Each company has its own operations management system and strategy that they used to become a valuable player in the retail industry. Apparently, Walmart has kept
References: Bustillo, Miguel <http://www.wsj.com/articles/SB10001424052748704421304575383213061198090> Lu, Clara <http://www.tradegecko.com/blog/incredibly-successful-supply-chain-management- walmart> <http://www.usan(franonline.com/resources/supply-chain-management/walmart-keys-to-successful-supply-chain-management/#.VSr9PPnF8fo> <http://www.epc-rfid.info/rfid> <http: https://www.google.com/search/images> Learning Value Sumaya Tariq: In this assignment I have earned that how Operation’s Management can greatly influence and benefit a company. After researching on Walmart’s operation strategy, I was able to figure out that there are many ways to achieve cost cuts and stay competitive. Most people would think providing low prices means less revenue and cutting huge price on goods, but after reading about Walmart; I now think that there are thousands of ways retailers can cut price and at the same time provide quality services. Also with the help of technology retailers and other firms can outperform and improve their operations. It means technology is also playing a huge role in creating new innovations that can help improve operations of a firm and provide efficiency in their systems. So for firms to improve and better perform compare to their competitors, they will need to not only invest in areas like marketing and product designs, product detail but also in R&D of their operation’s management to find new and faster ways to provide goods and service that are not only reachable to consumers but affordable as well.