WALMART’S RETAIL LINK SUPPLY CHAIN
1.Where does Walmart’s supply chain start?
What triggers Walmart’s Retail Link system to
ship goods to local Walmart Stores?
2. Why is a detailed knowledge of consumer purchases
at each store important to
Walmart’s success?
3. Why can’t other large retailers easily duplicate Walmart’s Retail Link?
4. Why does Walmart encourage its vendors to learn how to use Retail Link?
Walmart is a retail giant in the industry operating across the seas and creating a big furtune out of it. Its the worlds largest and the most influencing retailer.
Some terms that followed to build its empire are as follows.
Efficient Supply Chain
Walmart's supply chain is one of the world's most efficient supply
chain, Walmart uses very less break in between from the warehouse
to their store reducing the costs and enhancing the overall
profit.
By having an effective supply chain Walmart has successfully
developed it advantage over its competitors and in providing
different materials to the different places at a very standard
time.
Sometimes it would be less than official for the company to have a
supply chain dependent organisation because the whole system is
depending on the supply chain if a part breaks down then there is a
little delay in doing the business.
Strategic partnership
Strategic partnership is one of main reasons of Walmart's success
, Walmart find the best price supplier and ask them if they can
fullfil the demand then a long term partnership program is offer
which reduces the prices.
Strategic partnerships also provides a solid base walmart. By
having different strategic partnerships Walmart at successfully
integrated itself into market and merge into the competitors as
well.
Sometimes is strategic partnerships also create a problem for the
organisation as the partners start to show different
characteristics rather than implementing the strategies with the
Walmart.
Intuitive inventory storage
Walmart uses very intuitive way of storing the inventory, It keep
its inventory in truck and then later the inventory is loaded to
the semi truck without moving them to the warehouse , this broadly
increases the efficiency of the transportation and time.
Dependency on the too much Technology and totally depending on the
intuitive storage system sometimes leads to failure as they can be
technological as well as mechanical error.
Using latest technology
Walmart uses state of the art sorting and transporting
technologies to ensure the required quality and speed it requires
and to obtain high profits and and super efficient system.
Technology based environment is always in fear of getting hacked,
being misused and being operated by some other person rather than
the companies official employees. Depending on too much Technology
Kelly Walmart failure in terms of the technological errors.
Walmart used the terms listed above to build an environment for the low cost industry. It focused on the largest group of middle class people and the idea was to provide low cost product with great quality. Walmart provided the best supply and management system which cut down the costs thus customers were getting the products in best price with higher quality.
Walmart's strategy kept evolving according to the time and needs thus Walmart's low cost strategy is very well suited for the industry.
Company has implemented multiple database management systems for
better communication inside your organisation for provision of
inter connectivity in different departments. My connecting the
different department communicate information flows from one
department to another department in a horizontal way and provides
efficient support as well as feedback.
Sudden changes in the supply chain as well as requirement of
inventory is also done by the business communication from the
bottom most store of Walmart to the top most authorities. By having
a communication channel in different departments of the company
Walmart has successfully manage to integrate itself into the
organisational structure.
By implementation of HRIS walmart has successfully built a new
system for efficiently communicating within the human resource
information. This is specific system has increased the capability
of Walmart to communicate with their overall employees and human
resources inside the organisation to create a better working
environment. By promoting you open communication between
stakeholders and employees of the organisation Walmart has
successfully managed to interconnect the department and provide
better fluency of communication between two channels of the
organisation. By arranging the sender, mediator, receiver system
into the organisation Walmart has successfully manage to implement
a new system which is totally based on electronics to provide send
message to the receiver and take the feedback or an instant
time.
Walmart supply chain is one of the finest examples of implementation of communication model. Walmart supply chain uses a digital communication structure from bottom to up. Sending out information from their inventory to the stores and stores to the inventory Walmart successfully manages the overall number of product in their inventory system. Buy automatic be communicated process from their inventory to the suppliers as well as getting supplies g has successfully managing the overall process of communication inside the organisation.
P.S.- Please use separate threads to ask multiple case
questions.
WALMART’S RETAIL LINK SUPPLY CHAIN 1.Where does Walmart’s supply chain start? What triggers Walmart’s Retail Link...
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