Walmart's Argumentative Essay
Brown, H, Walmart
Hollie Brown
UMUC
Mr. Steve Barnes
It all started with one man’s dream and beliefs, Sam Walton. “There is only one boss-the customer. And he can fire everybody in the company from the chairman on down, simply by spending his money somewhere else.”-Sam Walton. Walton changed the philosophy of the American retail business establishment, instigating the shift of power from manufacturer to consumer. Fast forward to 2014, Walmart is at #1 on the Fortune 500 list, valued at $473.1 billion dollars. “Save Money. Live Better. Walmart”, the catchy slogan that we always seem to hear all over radios and television. Today, customers seek convenience of a one-stop shopping store, and Walmart is just the place to fulfill that …show more content…
Walmart also teaches manufacturers to be more cost-effective so product prices can stay down. For example, Walmart may suggest that a supplier cut its labor costs by shipping toasters in their cartons, rather than packing them in bigger boxes and shrink-wrapping them onto shipping pallets. Walmart is more than just a retailer, it’s also a manufacturing, logistics and distribution driven company that has a retail store. That is why Walmart guarantees to bring a product from the dock to the customer in as little as 72 hours. Another reason Walmart is able to bring in products so quickly is their relationships with their vendor’s partners. In the initiating of the company, the business was the first to start using the Universal Product Code (UPC) to help with the inventory process. They then started to use a private satellite system that would be able to track delivery trucks, credit card transactions, and even sales data. Walmart uses cutting-edge technology and bargain power with its suppliers to achieve low-price strategy, the company’s strongest competitive edge. Walmart uses bar code system, and now electronic product code (EPC), to control its inventory. By doing so, Walmart is able to improve …show more content…
Walmart has also installed a voice-based order filling (VOF) system in all its grocery distribution centers. Each person that is responsible for assisting the distribution process is provided with a microphone/speaker headset connected to the portable VOF system. Once there, they are guided by voice instruction to item locations in the distribution centers. The VOF system also verifies quantities picked, and could respond to a variety of requests such as providing product detail. This helped Walmart to eliminate mispicks and product labeling costs since the system did not require paper lists and labels to be affixed on the goods. As the world’s largest retailer, actions displayed have the potential to save customers money and help ensure a better world for generations to come. At the same time, it also helps to set the stage for a more financially stable and responsible Walmart. The decision in this area are tied to three aspirational goals: use renewable energy, create zero waste and sell products that give people and the environment friendly products. Walmart is known for being
Hollie Brown
UMUC
Mr. Steve Barnes
It all started with one man’s dream and beliefs, Sam Walton. “There is only one boss-the customer. And he can fire everybody in the company from the chairman on down, simply by spending his money somewhere else.”-Sam Walton. Walton changed the philosophy of the American retail business establishment, instigating the shift of power from manufacturer to consumer. Fast forward to 2014, Walmart is at #1 on the Fortune 500 list, valued at $473.1 billion dollars. “Save Money. Live Better. Walmart”, the catchy slogan that we always seem to hear all over radios and television. Today, customers seek convenience of a one-stop shopping store, and Walmart is just the place to fulfill that …show more content…
Walmart also teaches manufacturers to be more cost-effective so product prices can stay down. For example, Walmart may suggest that a supplier cut its labor costs by shipping toasters in their cartons, rather than packing them in bigger boxes and shrink-wrapping them onto shipping pallets. Walmart is more than just a retailer, it’s also a manufacturing, logistics and distribution driven company that has a retail store. That is why Walmart guarantees to bring a product from the dock to the customer in as little as 72 hours. Another reason Walmart is able to bring in products so quickly is their relationships with their vendor’s partners. In the initiating of the company, the business was the first to start using the Universal Product Code (UPC) to help with the inventory process. They then started to use a private satellite system that would be able to track delivery trucks, credit card transactions, and even sales data. Walmart uses cutting-edge technology and bargain power with its suppliers to achieve low-price strategy, the company’s strongest competitive edge. Walmart uses bar code system, and now electronic product code (EPC), to control its inventory. By doing so, Walmart is able to improve …show more content…
Walmart has also installed a voice-based order filling (VOF) system in all its grocery distribution centers. Each person that is responsible for assisting the distribution process is provided with a microphone/speaker headset connected to the portable VOF system. Once there, they are guided by voice instruction to item locations in the distribution centers. The VOF system also verifies quantities picked, and could respond to a variety of requests such as providing product detail. This helped Walmart to eliminate mispicks and product labeling costs since the system did not require paper lists and labels to be affixed on the goods. As the world’s largest retailer, actions displayed have the potential to save customers money and help ensure a better world for generations to come. At the same time, it also helps to set the stage for a more financially stable and responsible Walmart. The decision in this area are tied to three aspirational goals: use renewable energy, create zero waste and sell products that give people and the environment friendly products. Walmart is known for being