Inventory Management Wal-Mart
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Identify the following using an introduction, discussion, and conclusion section:
1) Wal-Mart's main line of business,
2) How the inventory is managed within the organization,
3) How the inventory management practices either improve customer satisfaction and/or reduce costs.
Please include any reference material used. Thanks!!
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Solution Summary
At Wal-Mart, a Just-In-Time (JIT) inventory management system is used. JIT is an inventory management strategy that seeks to improve businesses' return on investment by reducing in-process inventory and carrying costs.
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Wal-Mart is an international corporation that runs a chain of large discount retail stores. They sell anything from clothing to food, from auto accessories to toys. In 2010, it was the world's largest public corporation by revenue, the largest private employer and largest grocery retailer in the United States. Wal-Mart also runs and owns Sam's Club warehouses, a membership-only retail store.
At Wal-Mart, a Just-In-Time (JIT) inventory ...
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