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Mgtm

In: Business and Management

Submitted By dkennedy
Words 1175
Pages 5
INFORMATION ON WALMART'S SUPPLY CHAIN POLICIES
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ABSTRACT: Walmart is an internationally known corporation with locations throughout the world. From its very humble beginnings, this firm has made significant strides in the creation and maintenance of a healthy and thriving supply chain. Nevertheless, all businesses have areas that present challenges, and Walmart is no different. This report will evaluate six areas of Walmart's supply chain, as well as the potential problems associated with each component. Walmart would not be nearly as successful as it is today without having plans for when parts of its program breakdown, and these are examined here, too. Finally, we discuss the value of a quality and reliable supply chain for overall viability in the market.

Information on Walmart's Supply Chain Policies

I have chosen to write my essay on the universally known and internationally successful firm, Walmart. Regarding background data, Walmart began in the late 1960s. Amazingly, Walmart grew rapidly throughout the 1970s, expanding to over 275 stores by the end of 1970. The domination continued, with Walmart adding additional features and brands to its already huge corporation, ultimately creating one of the world's most well known retail stories. Although there are many unique points that make up Walmart's retail success, one of the most important includes the capitalization of Walmart's retail chain. Walmart consistently emphasized the need to reduce its purchasing costs and offer the best price to its customers. The company procured goods directly from manufacturers, bypassing all intermediaries. Walmart has been a tough negotiator on prices and finalized a purchase deal only when it was fully confident that the products being bought were not available elsewhere at a lower price (Chandran, 2003).…...

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