Supply Chain Management of Wal-Mart Way Essay Example | Topics and Well Written Essays - 2250 words

Supply Chain Management of Wal-Mart Way - Essay ExampleFrom this discussion it is clear that in the highly competitive environment of world-wide business, companies develop unique competencies to maintain strategic positioning within the industry. The various external paradigms and constantly changing environmental factors necessitate organizations to evolve new strategies and mechanisms to fill their challenges. Porter believes that doing business differently significantly helps companies to maintain leverage. Flexible approach to business strategies and plan hugely support organizational vision, mission and goals. Thus, strategies become faultfinding element that promote creativity and provide them with competitive advantage. The piece of music would be analyzing and evaluating supply chain management of Wal-Mart US an effective tool of competitive advantage.This paper declares thatWal-Mart was established by Sam Walton as a small grocery store in 1962 in Arkanas, US. It was so on expanded as chain of stores last setting up as a supermarket chain. Its wide ranging product is designed to meet the various needs of household. It is focused on the changing needs of the customers and therefrom strives for flexible approach in its strategies and plans. It started expansion across the globe from 1991 and today boasts of around 1.8 million associates or workers in nearly 7000 stores across the world. The company extensively relies on technology to enhance its operational efficiency that significantly helps its goals of every day low price on its various products.... The company extensively relies on technology to enhance its operational efficiency that significantly helps its goals of every day low price on its various products. As the largest retailer in the world, Wal-Mart has been creatively exploiting logistics and supply chain for its niche market position. The effective supply chain and logistics help coordinate the organizations various linkages with the external agencies and promotes efficient know and delivery of goods and services. It has judiciously used advancing technology to improve its operation efficiency in supply and distribution of goods. Data collection method The germane(predicate) data has been collected through secondary sources found through literature review, company website and internet. Review on supply chain management Situation abridgment Effective supply chain management hugely facilitates smooth flow of information, goods and services and financial transactions at different levels of operations. In the current times, it is a critical element of competitive advantage because its main components like procurement, distribution, logistics and inventory are essential aspect of timely delivery of desired goods to the target segment. At the same time, they also help the companies to reduce cost of slow moving goods and meet the demands of products that are in high demand. The use of technology helps to evaluate a nd prospect demand and fill supply to meet the contingencies. The company has centralized its distribution system by creating hubs or warehouses from where it dispatches all the goods to their respective customers/ retailers. The hubs are vital adjourn of its effective supply chain as it also helps Wal-Mart to buy goods directly from the manufacturers. It therefore serves