We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

The production, operating, and purchasing for Wal-mart - Essay Example

Comments (0)
Summary
To call Wal-Mart the largest retailer in the whole world would be injustice unless one mentions its strength as a cultural phenomenon, economic force, and a subject of controversies. The contemporary strategies of the Wal-Mart are fundamentally the outcome of the original…
Download full paper
GRAB THE BEST PAPER
The production, operating, and purchasing for Wal-mart
Read TextPreview

Extract of sample
The production, operating, and purchasing for Wal-mart

Download file to see previous pages... In the fiscal year 2005, the net worth of Wal-Mart’s sales summed up to $312.43 billion. The strength of Wal-Mart today can be estimated from the fact that more than 1.6 million people all over the world are employed by Wal-Mart, which is 0.2 millions more than the total population of the 39th most populous state i.e. Idaho (Wilbert). Wal-Mart produces everything from processed foods to fabrics, cosmetics, office supplies, paints and furniture. Wal-Mart is undoubtedly a big controller of the world’s economy.
Wal-Mart has fundamentally relied upon outsourcing to enhance the profitability of its business. Throughout its history, the company has been purchasing the services of vendors, local or imported, that would provide it with the cheapest services. “From the beginning, Walton had bought goods wherever he could get them cheapest, with any other considerations secondary. [Walton] increasingly looked to imports, which were usually cheaper because factory workers were paid so much less in China and the other Asian countries” (Ortega cited in Hornblower).
In his autobiography written in 1992, Walton wrote, “Were not interested in charity here; we dont believe in subsidizing substandard work or inefficiency, so our primary goal became to work with American manufacturers, and see if our formidable buying power could help them deliver the goods, and in the process, save some American manufacturing jobs” (Walton cited in Hornblower). Although Wal-Mart has tried to maintain its patriotic image in the media by emphasizing upon the need and its intentions to buy only American services and vendors, yet the fact that it has accommodated external vendors to reduce the expenses and increase the profitability of the business contradicts its own vision and statements. This is the reason why Wal-Mart has been considered good for America by some and bad for America by others. According to the Professor Gary Geffery, Wal-Mart has performed far better as compared to ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Operations management: Wal-Mart
The emphasis of the case is on the problems faced by the Wal-Mart in the international markets. Few years back, Wal-Mart entered into the China’s market and this example has been quoted to study the problems faced by Wal-Mart in its supply chain when it expands its operations in the international markets.
21 Pages(5250 words)Essay
Wal-Mart
Evaluation Essay on Wal-Mart Introduction: The Wal-Mart has shown the art of retailing. The global retail giant came up with the concept of selling mass products in a discounted rate to the customers. The main concept was to sell in high volume with low price so the volume of the profit goes high.
3 Pages(750 words)Essay
Wal Mart Stores Case Study: External Business Environment
There must be an environment that the organization operates in. The business organization contains both internal and external factors that affect the day to day running of organizational activities. The external environment consists of customers, competitors, technology, laws, regulations and resources.
8 Pages(2000 words)Essay
Wal-Marts sustainability strategy
Wal-Mart’s sustainability strategy Introduction Wal-Mart is multinational retail chain that started its operation in 1962 in Rogers as a single store (Wal-Mart, 2012, p.3) with a strategy of reducing their prices compared to other stores thus increasing sales and revenue.
11 Pages(2750 words)Essay
Wal-Mart
(Wal-Mart) On October 31, 1969 Wal-Mart was established as a corporation under the name Wal-Mart Stores, Inc. Very soon after in 1970, this was followed by the opening of Wal-Mart's business headquarters in Bentonville, Arkansas and the opening Wal-Mart's very first distribution center.
4 Pages(1000 words)Case Study
Wal Mart Marketing Audit
Besides, uncovering the reasons behind the popularity and prominence of Wal-Mart as a customer-oriented super-shop has also taken a significant place in the present study. The study also attempts to erect an entire organogram of Wal-Mart concerning its transaction process dealt between the Stakeholders in the Wal-Mart business Shareholders, Suppliers, Distributors, Dealers, transportation, Bankers, Advertising/Marketing/Market research agencies and impact upon them arising out of its business.
9 Pages(2250 words)Essay
Wal-Mart
Wal-Mart started its international operation by entering the emerging markets. Its approach to emerging markets illustrates a link between globalization of markets and competitive strategy. Strategic management helps to understand and define the goals, vision, mission, objectives, roles, and responsibilities of the organization.
19 Pages(4750 words)Essay
Wal-mart Final paper on Political/Legal forces
I also certify that this paper was prepared by me specifically for this course. Wal-Mart has known all kinds of success, which would insinuate that the employees are as much part of this triumph as the company. Yet Wal-Mart has faced many lawsuits over the years. One
2 Pages(500 words)Essay
Wal-Marts approach to Purchasing and Supply-Chain Management
This report looks at the present concepts and models pertaining to supply-chain management and purchasing at Wal-Mart. However, it was found that none of these models could actually explain in detail the business models employed by Wal-Mart. Porter’s value-chain model, Reck, and Long model were found to have a closer resemblance to Wal-Mart’s present model.
14 Pages(3500 words)Essay
Wal-mart
Wal-Mart has been putting efforts to identify product’s life cycle that are likely to enable them conserve natural resources (Clark 2010). On e of these ways that Wal-Mart
1 Pages(250 words)Essay
Let us find you another Essay on topic The production, operating, and purchasing for Wal-mart for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us