Preview

Walmart Logistics

Satisfactory Essays
Open Document
Open Document
258 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Walmart Logistics
Executive Summary

Wal-mart is one of the biggest companies in the world, seen as a model company with many others following in their footsteps in respect to E-commerce, electronic delivery systems, coding and scanning technologies, third party logistics and warehouse design and management.

With one of the most efficient supply chains, Wal-Mart is on pace to become the largest Internet retailer in the world. It is currently the sixth largest internet retailer in the world and is focused on developing a new online shopping experience. Wal-Mart uses a Niche Strategy in which they have creates a third-party marketplace for online retailers.

Wal-mart uses a Just In Time (JIT) method for its products. Electronic Data Interchange systems are a key component in making sure that the logistics of a company’s supply chain are working at its most efficient capacity. Being able to transmit and receive time sensitive documents that relate to the course of business at home and abroad ensure continuity with the logistics that keep its supply chain moving.

Third party logistics is a big role in Wal-mart because they excel extremely well in reverse logistics and information technology. Reverse logistics often deals with recycling, used asset disposition, customer returns, returnable container management, and repairs.

Warehouse design and management also implements the JIT process with the main goal to improve a business return on investment by reducing in-process inventory and associated carrying costs. The JIT Process exposes the hidden cost of keeping inventory and views it simply as

You May Also Find These Documents Helpful

  • Better Essays

    Wal-Mart is the world’s largest retailer, with $200 billion in sales. They are also the nation’s largest private employer. They have a chain of…

    • 1287 Words
    • 6 Pages
    Better Essays
  • Good Essays

    CMO1 Wgu

    • 694 Words
    • 3 Pages

    The JIT approach has the most profound effects on the operations of manufacturing companies that maintain all three classes of inventories: raw materials, work in process, and finished goods.…

    • 694 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Wal-Mart Stores, Inc. is an American based international retail chain headquartered in Bentonville, Arkansas. The corporation operates within the Miscellaneous General Merchandise Stores SIC classification and the All Other General Merchandise Stores NAICS classification. Wal-Mart specializes in the retail of groceries, electronics, apparel, appliances, home furnishings, hardware, sporting goods and health care products. The corporation is split into three business segments: Walmart US, Walmart International, and Sam’s Club. Wal-Mart currently resides atop the Fortune 500 list as the highest grossing corporation in the United States with a reported $485 billion in revenues for the year ended January 31st, 2015.…

    • 170 Words
    • 1 Page
    Satisfactory Essays
  • Powerful Essays

    DRAPER INSTRUMENTS

    • 4341 Words
    • 18 Pages

    Introduction: Draper Instruments (DI) is adopting a JIT system. Currently, the company is facing inventory and quality control issues and employees are not acting in line with organizational goals. Employees are also preoccupied with the intense pressure to meet shipment schedules, leaving little time to attend to other areas. Inventory spoilage, obsolescence and build-up have resulted. Major critical success factors the company hopes to achieve include reducing inventory levels and improving quality.…

    • 4341 Words
    • 18 Pages
    Powerful Essays
  • Satisfactory Essays

    Assume Portion

    • 227 Words
    • 1 Page

    The JIT or Just in time inventory system is an inventory strategy in which the company brings in inventory just at the time that it is needed, not before or after the start of production. This will reduce the high inventory level but will require a strong supply chain. The idea behind JIT is to help company reduce inventory since it will reduce storage and staff. It also help reduce waste for materials that have expiration dates so there will be less products to throw away. Since large manufacturing companies work off a forecast of future sales it is necessary for them to have as close as an accurate forecast as possible since this will determine what products they will need to have and when. Not only will this method minimize excess inventory it also help manufacturing companies to adjust their manufacturing strategy accordingly to customers demand since the global market is always changing and people’s needs changes. Since the company can reduce cost in managing inventory they can use that resource to invest in other areas to improve business.…

    • 227 Words
    • 1 Page
    Satisfactory Essays
  • Satisfactory Essays

    Wal Mart Supply Chain

    • 310 Words
    • 2 Pages

    2. Wal-Marts supply chain management system has provided higher levels of product availability and lower merchandise acquisition and transportation costs by using efficient techniques. Wal-Mart uses a Just in Time inventory system. This is when they receive less-inventory on a more frequent basis then traditional inventory systems. This leads to less lead times and less carrying cost as there is less inventory on hand. They receive a smaller amount of inventory and when need they purchase new loads which will come quickly. They also use cross docking which means that the inventory reaches the trucks and are immediately bound for stores. This is a much more efficient process and once again acquires less carrying cost for inventory. These techniques make Wal-Mart a leading innovator when it comes to efficient and effective supply chain…

    • 310 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Gm586 Unit 4

    • 1359 Words
    • 6 Pages

    Wal-Mart has three competencies that has helped to build it to become the retail giant it is: excellence in how it operates, customer satisfaction, and supplier product relations. Wal-Mart’s CEO understands to continue having a successful retail business it is important to “coordinate a complex information management and distribution network and to efficiently manage supplier relationships” (Bender, Howell, Lavin, and Torgerson, 2001, p.…

    • 1359 Words
    • 6 Pages
    Powerful Essays
  • Best Essays

    Wal-Mart is a multinational retail corporation that was founded by Sam Walton in 1962 in Rogers, Arkansas. It operates in various chains of large discount departmental stores and warehouse stores. Wal-Mart operates in three segments: Wal-Mart U.S., online retail operations, walmart.com; and Wal-Mart International which includes several formats of retail stores, restaurants, wholesale clubs, including Sam 's Clubs. Wal-Mart’s segments have business in six merchandise units: grocery, electronics, pharmacy, stationery, apparel and furniture’s. The unique aspect of this company is that the segment also provides financial services and related products, including money orders, prepaid cards and wire transfers. Today, Wal-Mart still remains a family owned business and is the biggest private employer in the world. Its top competitor include: target, Kmart, Costco, and BJ’S Wholesale…

    • 2257 Words
    • 10 Pages
    Best Essays
  • Good Essays

    Wal-Mart is defined as the giant of retail and it is one of the largest companies in the world. It has grown to not only be a staple in America but internationally as well, touching base in countries such as Japan and China. It is a popular supercenter that is located worldwide. Wal-Mart is the largest retailer and the largest company in the history of the world due to globalization and this due to the way they conduct business operations. Wal-Mart management has implement ways to overcome the challenges that are presented the ethical and social responsibilities in regards to globalization.…

    • 924 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Murphy Case Analysis.

    • 1236 Words
    • 4 Pages

    Just-In-time manufacturing, or JIT, is a management philosophy aimed at eliminating manufacturing wastes by producing only the right amount and combination of parts at the right place at the right time. This is based on the fact that wastes result from any activity that adds cost without adding value to the product.…

    • 1236 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Wal-Mart Business Report

    • 1993 Words
    • 8 Pages

    Wal-Mart is a well-known company. Although Wal-Mart was originally just a retail outlet, this company has extended its reach to far greater areas of service and products including Tire shops, Photo shops, and Pharmacy’s.…

    • 1993 Words
    • 8 Pages
    Better Essays
  • Satisfactory Essays

    Why Wal-Mart successful?

    • 484 Words
    • 2 Pages

    Do you know how big is Wal-Mart? Wal-Mart is the world's largest retailer, which has approximately 3,900 stores in the U.S. and 1.6 million employees. In 1962, when Sam Walton opened the first Wal-Mart store in Rogers, Arkansas, no one could have ever predicted the enormous accomplishment this small-town merchant would have. The reasons why Wal-Mart is successful are because of its low price, convenience and role of monopoly in the industry.…

    • 484 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Wal-Mart is number one in the Retail Giant Corporation across United States of America, and is the leading retail store in fifteen other countries. Wal-Mart continues to seek new and innovated ways to reach its customers on a daily basis. The store believes its success has been base upon its customers and being able to reach them with the new technologies of this Modern Age.…

    • 1050 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Walmart grew in large part by leveraging information systems to an extent never before seen in the retail industry. Technology tightly coordinates the Walmart value chain from tip to tail, while these systems also deliver a mineable data asset that is unmatched in U.S. retail. Tight inventory management is legendary at Walmart through its just-in-time techniques that allow the firm to boast one of the best supply chains in the world. Walmart has not only transformed its own supply chain, but also influenced how vendors throughout the world operate because the company has the economic clout to request changes from its vendor partners and to receive them.…

    • 3997 Words
    • 15 Pages
    Powerful Essays
  • Good Essays

    Just In Time Case Study

    • 866 Words
    • 4 Pages

    Just-in-time (JIT) is an inventory strategy of companies to increases the efficiency and decrease the waste by receiving goods only when there are needed for the production process. Thereby, the company can reduce inventory costs. The producers are required to forecast demand accurately in this method. The Just in Time (JIT) allows the movement of the products or materials to a specific location at the required time, just before the production process. The technique works when each operation is closely synchronized with the subsequent ones to make that operation possible. JIT is a method of inventory control that brings material into the production process, warehouse or to the customer just in time to be used. Therefore, the excessive level of storing of materials in the warehouse is reduced.…

    • 866 Words
    • 4 Pages
    Good Essays