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

Walmart Just In Time focus on procurement and distribution, logistics management processes and benefits of process for Walmart - Research Paper Example

Comments (0)
Summary
The Just-in-time inventory system The case of Wal-Mart Stores Rapid changes in technology, consumer tastes, behaviors and lifestyles makes inventories out of fashion and obsolete, thrown out to wastes leading to inventory imbalances. This situation creates an oversupply of inventories; deplete cash flow and uses warehouse spaces unnecessarily…
Download full paper
GRAB THE BEST PAPER
Walmart Just In Time focus on procurement and distribution, logistics management processes and benefits of process for Walmart
Read TextPreview

Extract of sample
Walmart Just In Time focus on procurement and distribution, logistics management processes and benefits of process for Walmart

Download file to see previous pages... In this context, this study focuses on the Just in time inventory system and the logistics management Wal-Mart is using. Just-in-Time Concept of Inventory Many authors defined just in time inventory (JIT) system differently, but it all refers to a system wherein materials are delivered just in time for its use whether in manufacturing or selling. In JIT system, it has been the practice of companies like Wal-Mart to schedule purchases and production only as needed to meet actual consumers’ demand. The purpose of this system is to reduce inventories to a minimum level, or wherever possible to a “zero level” (Accounting for Management, n.d.). As the concept would suggest, JIT for Wal-Mart is a cycle that means products for sale are received from supplier just in time to replenish the stocks on the shelves, thereby reducing inventories from their previous level. The Just in time inventory system has been applied at every stores of Wal-Mart, and as observed, the secret lies in its sophisticated just in time logistics system found in the RFID technology. The system has provided Wal-Mart a continuous tracking, real-time sales feedback from every store and plot stock depletion rates so they can arrange new deliveries just as existing supplies are about to run out. The illustration below depicts a Just in-time system inventory management that begins with the order of the customer, and the processes that channels the ordering system. JIT system is ideal for manufacturing and merchandising concerns that tends to eliminate too much inventories which are not needed in the manufacturing or sale immediately. Source of diagram: (Accounting for Management.com) The logistics management of Wal-Mart, an introduction to RFID In order to understand the complexity of Wal-Mart operations and why there is a need for a logistics management process, an insight to its structure is presented. Wal-Mart manages retail stores worldwide in a range of set-up. Its segments include US market, International market and the on line ordering system. The US segment carries almost all items ordinarily found in a supermarket store, or may be easier said, “ask it, Wal-Mart has it” (WMT Profile). The international segment has various formats of stores and restaurants that include a combination of discount and grocery stores, supermarkets, supercenters, cash and carry stores, hypermarkets, general merchandise stores and the Sam Clubs. The Sam Club segment, which is available thru membership, carries merchandise, hard and soft goods and selected private-label items. Profile of Wal-Mart stores showed the following number of stores as of January 31, 2010 (Table1). Table 1 Number of Wal-Mart Retail Stores as of January 31, 2010 Number of stores Location Number of stores Location 803 discount stores United States 43 Argentina 2,747 supercenters United States 434 Brazil 1158 neighborhood markets United States 317 Canada 596 Sam Clubs United States 252 Chile 170 Costa Rica 77 El Salvador 164 Guatemala 53 Honduras 1 India 371 Mexico 55 Nicaragua 56 Puerto Rico 371 United Kingdom 279 Peoples Rep. of China Source: Yahoo Finance, 2010. Wal-Mart Stores Profile Logistics management process of Wal-Mart In the above scenario of retail stores, tracking of individual products in its different chains and warehouses is a difficult task. This would need an efficient system of monitoring and control such that Wal-Mart saw a need for a ...Download file to see next pagesRead More
Comments (0)
Click to create a comment
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Walmart- The Consumer Champion
The strategic factors implemented in the business of the Walmart have been recognized that have provided it the recognition of being the consumer champion. This paper also includes the contribution of Walmart to the stakeholders i.e. both the market and non-market stakeholders and their performances which ensure Walmart to achieve a dominant brand name in the retail segment of the world.
10 Pages(2500 words)Research Paper
Walmart
Like any retailer, he was always looking for the best deals from the suppliers, he thought that a retailer who would but the goods on wholesale bargained prices, and leaves his store prices unchanged can gain benefit from the extra money. Thus, Sam Walton made the decision of achieving higher sales volumes by keeping sales prices lowers than the competitors and reducing his profit margin.
10 Pages(2500 words)Research Paper
Walmart
9-10 Conclusion 11 Works cited 12-13 Abstract This research paper aims at reviewing the literature to contemplate the leadership and management strategies of Walmart as it is consistently ranked by Forbes as one of the top businesses operating worldwide. After discussing this American retail corporation in general, the management at Walmart will be contemplated at length to find out how effective they appear to be against myriad global challenges faced by businesses and how they serve to address the employees’ concerns and customers’ desires.
10 Pages(2500 words)Research Paper
Walmart
Productivity is one major force that can push the economic prosperity of any country, provided the workers and producers work towards the development of quality and cost-effective products. In the current scenario, with economic exploitation and commercialization spreading across at a rapid rate, there is an opportunity for everyone to compete in an equal environment.
5 Pages(1250 words)Research Paper
Walmart
So he travelled the country studying everything he could about the regional cultures, consumer behavior, and everything that has to do with discount retailing and was convinced that Americans were looking for a change—a new type of store that would provide convenience, a one-stop shop that would cater to their budget.
2 Pages(500 words)Research Paper
Walmart Vs. Target
Thus, for example, these two discount retailers competed for the New York City market. The goal of this paper is to analyze the profiles, marketing strategies, strengths and weaknesses, growth plans of these two companies and relying on this information to decide which company is better suited to do business within the five boroughs and whether it is fair for Wal-Mart to be denied access to the New York City market.
5 Pages(1250 words)Research Paper
Walmart
Walmart – Reflective Essay This reflective essay discusses my opinion on the case 32 which relates to Walmart and unethical practices related to human relationship management. Here I discuss my learning from the case study as well as provide my reflections on the case.
3 Pages(750 words)Research Paper
Walmart
Wal-Mart is one of the biggest retailer stores that have expanded globally to more than 15 countries in the world including UK, China, Japan, Canada, Brazil and Argentina with over 8,500 retail stores. It employs over two million employees and made it to the top of Fortune 500 list for its highest number of sales.
4 Pages(1000 words)Research Paper
Walmart
Having being established in 1962 by Sam Walton, the company has more that 8,500 stores located in 55 countries. Based on its large customer bases and wide market segment, the firm has maintained a large number of employees who stands at approximately 2 million.
8 Pages(2000 words)Research Paper
Procurement/Supply Chain Management
Walmart is one of the companies that have gained competitive advantage by using procurement strategies. Procurement in a large company can be very cost consuming and complex. This causes some companies like Walmart to outsource procurement instead of development world-class procurement capabilities of their own.
12 Pages(3000 words)Research Paper
Let us find you another Research Paper on topic Walmart Just In Time focus on procurement and distribution, logistics management processes and benefits of process for Walmart 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