Logo

Warning: Creating default object from empty value in /home4/cpc38/public_html/components/com_k2/models/item.php on line 494
Print this page

WAL-MART'S SUPPLY CHAIN MANAGEMENT PRACTICES

Rate this item
(1 Vote)

The US-based Wal-Mart ranked first in the global Fortune 500 list in the financial year 2001-02 earning revenues of $219.81 billion (Refer Table I).

Wal-Mart was the largest retailing company in the world. The company was much bigger than its competitors in the US – Sears Roebuck, KMart, JC Penney and Nordstrom combined (Refer Exhibit I). In 2002, Wal-Mart operated more than 3,500 discount stores, Sam’s Clubs and Supercenters in the US and more than 1,170 stores in all major countries across the world. The company also sold products on the Internet through its website, walmart.com

 

Rank     Company             Revenues (in $ millions)     
1          Wal-Mart Stores    219,812.0     
2          Exxon Mobil          191,581.0     
3         General Motors      177,260.0     
4         Ford Motor            162,412.0     
5         Enron                   138,718.0     

Source: www.fortune.com

 

Wal-Mart was one of the largest private sector employers in the world, with employee strength of approximately 1.28 million. The company’s founder, Sam Walton (Walton) had always focused on improving sales, constantly reducing costs, adopting efficient distribution and logistics
management systems and using innovative information technology (IT) tools. According to analysts, Wal-Mart was able to achieve a leadership status ((Refer Exhibit II)) in the retail industry because of its efficient supply chain management practices. Captain Vernon L.
Beatty, aide-de-camp to the commander, Defense Supply Center, Columbus, Ohio said, “Supply chain management is moving the right items to the right customer at the right time by the most efficient means. No one does that better than Wal-Mart.” Download full white paper below.

Last modified on Wednesday, 12 September 2012 09:18

Email This email address is being protected from spambots. You need JavaScript enabled to view it.

Latest from Christophe

© 2009-2012 Logisitik - All Rights Reserved