Which of the following do you think is the reigning Supply Chain King? We could also say super hero. The list to choose from is as follows:
1. McDonalds
2. Walmart
3. Home Depot
4. Dell Computers
5. Apple
You may research the companies or answer based on your current knowledge of companies and supply chain excellence. There is no correct answer, only correct logic, data, and reason.
All of the mentioned companies are world famous for their
individual, unique marketing strategies but among all of them
Wal-Mart should be considered as the supply chain king in the whole
world.
According to the data, Wal-Mart is successful because of its world
based supply chain department. Thus, Wal-Mart is accepted in the
world as the global giant in supply chain of the products.
According to the supply chain digest, Wal-Mart operates 11,700
stores in 28 countries with 2.3 million employees. The company
holds $32 billion dollar inventory.
Their best supply chain strategy is vendor managed inventory or VMI
in which supplier take care of their products and vendor’s take
care of their restocking needs. With the help of this process
Wal-Mart is 100% successful in customer demands fulfillments. In
1989 Wal-Mart has been declared as the retailer of the decade and
the company is still in the number one position in retailing and
supplying goods.
Another reason behind their success is the company has a profound
strategic inventory. It has a long practiced strategic group which
somehow manages to find products from the supplier at the best
prices. The company purchase high volume of products at the lowest
prices.
This is how Wal-Mart supplies their products at the lowest prices
to their customers and fulfills their demands. The supply chain
management team of Wal-Mart believes that it is essential to supply
the right items to the right person at the right time.
Which of the following do you think is the reigning Supply Chain King? We could also...
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