¶ … Walmart's ICMT Strategy
Walmart is the world's largest retailer, known for its low prices and streamlined supply chain processes. The company commits itself to providing everyday low prices to customers to enable them live better. Technology plays a huge role in the achievement of this mission. The company uses networking and RFID technologies to communicate with suppliers, and ensure that goods are available on the shelf when customers need them. Moreover, these technologies help to ensure that transportation and storage costs are kept low. The cost savings are in turn passed on to the consumer in the form of low prices. This is just one aspect of Walmart's ICMT strategy. This report reviews the effectiveness of Walmart's overall ICMT strategy, and how it contributes towards the achievement of the organization's strategic initiatives. It also provides recommendations on how the same could be improved to ensure that the company maintains its leadership position in the retail industry.
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