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¶ … Improvement at Wal-Mart Stores
How can the logistics processes be improved in your organization?
The logistic process of Wal-Mart provides results that have propelled the retail giant to the top income earning company in 2007. They are the first store to assume the first place in sales in the Fortune 500 magazine, exceeding giants in the energy sector: Chevron and Exxon Mobil; and manufacturer: General Motors. Wal-Mart's growth is based on the organizational structure established on logistic excellence, and logistics are vital. Logistics is about supply chain; having the right supply chain is no longer just an interesting opportunity. It is a survival skill. The fallacy is that Wal-Mart is in the retail business, but in reality, it is in the distribution business. Wal-Mart is obliged to bring products from the docking station to the client's doorstep in less than 72 hours and calls for the highest efficiency level in its supply chain process.
Cross-docking can help revolutionize the logistics process of Wal-Mart. Cross docking is described as the practice in logistics of unloading goods from an inbound trailer and directly loading the goods into outgoing vehicles with little or no storage space in between the processes of transfer. Tactically, this process will help change the type of conveyance, thereby helping to sort out products designed for different places. It is also a procedure to merge products from two or more different routes into...
The cross-docking tactic will assist Wal-Mart to improve its logistics from the point of origin to destination. Ultimately, it will reduce the cost of handling goods, cost of operation and drastically reduce the cost of inventory storage.
The fast growth of Wal-Mart makes it necessary for the company to have a good communication system. From this perspective, Wal-Mart must establish its own satellite communication system to help them supervise each transaction in their shops at any given moment. This will ensure that any unproductive stock is as less as possible because they will permit individual stores to handle their own inventory. This will help them to reduce package size across many different products and appropriate price discounts. In addition to the two techniques mentioned, they can also use standard information technology infrastructure to make more stocks available for their customers. In the quest to make their logistics system more effective and efficient, Wal-Mart must launch the cross-docking tactic. The system will allow them to monitor the movement of goods across all their distribution facilities and shops.
Wal-Mart workers will use the Magic wand, which is connected to their in-store devices through a radio frequency System that keeps continuous monitoring on their stocks in shops, supply and back-up products in stocks at their various facilities. The management of their merchandise and…
Wal-Mart uses this technique extensively, since not only does it help to guarantee that its suppliers will be able to meet Wal-Mart's demand, but Wal-Mart wants to help its suppliers manage their supply chains better. If a supply managers its own supply chain more efficiently, it can supply the good to Wal-Mart at a lower price. 3. Wal-Mart's forecasting techniques have impacted its master schedules and production plans. The company
Supply Chain Management Wal-Mart is a retailer with a focus on being a low cost competitor. Supply chain management is a critical component of this, and has long been the primary focus on Wal-Mart's competitive advantage. In response to a website mocking Wal-Mart customers, one executive famously noted that Wal-Mart sells to everybody, and there are 476 billion reasons to believe that Wal-Mart's target market really is everybody (MSN Moneycentral, 2014).
Supply chain management in FMCG sector Fast Moving Consumer Goods (FMCG) Managing supply of FMCGs Demand and Supply Distribution Channel Traditional channel of FMCGs distribution National Vs Global Presence Products and Services Supply chain opportunities Usage of Supply Chain Management Business development Business performance Cost reduction Revenue Increase Inventory management Overall Business Performance Competitive advantage Future trends Issues in global supply chain management: FMCG sector Multi-channel Supply Chain Management Individual Tagging The FMCG sector is represented as manufacturers and distributors of packaged products. They are also coupled with mega retail brands
Supply Chain Management Hypothesis defined Concepts of SCM and the evolution to its present day form Critical factors that affect SCM Trust Information sharing and Knowledge management Culture and Belief -- impact on SCM Global environment and Supply Chain management "Social" and "soft" parameter required for SCM Uncertainties This chapter aims to give an outline and scope of the study that will be undertaken in this work. The study lays out the issues faced by manufacturing organizations when it comes
Supply Chain Ann Supply Chain Management Annotated Bibliography Chopra, S., & Meindl, P. (2010). Supply chain management: Strategy, planning and operation (4th ed.).Upper Saddle River, NJ: Prentice Hall The text by Chopra & Meindl (2010) is an excellent starting point for this discussion, primarily because it serves as a rather exhaustive introductory reading on the subject. Providing academic explanation of the basic premise of supply chain management and an extensive investigation of the
Supply Chain Management Purchasing and Supply Management: A Key to Competitive Advantage Purchasing and supply management is an essential function of any business. Regardless of the size of the business, or the product are service that they offer, every business depends on some type of supply in order to produce goods or services. If supplies do not arrive on time, the business could be it a standstill. This not only means lost