Choose an organization delivering goods and/or services globally.
Provide a background of the organization and fully describe six components of the organization's supply chain. Examine the potential problems related to each of the components described and explain the approaches of the organization for solving the problems.
Provide your answer in a report of not more than eight double-spaced typed pages, not less than six. Use APA format.
Also prepare eight PowerPoint slides to summarize your report.
Wal-Mart: Supply Chain Management
Wal-Mart: Supply Chain Management
Wal-Mart is currently largest retailer of the world. It has been successful in revolutionizing the logistic of supply chain management in recent decades by taking the advantage of global economy and rise of information technology. Wal-Mart uses the best practices of supply chain to meet the market demand and customer satisfaction. Effective management of supply chain elements gives Wal-Mart an edge over the retail industry. Wal-Mart has changed and reformed the relationship of retailer and the supplier and has put the retail industry in a position to dictate demands to the suppliers and the manufacturers.
The following are some interesting Wal-Mart facts.
• Type of Organization: Public Company
• Foundation: Rogers, Arkansas, United States of America
• Founder: Sam Walton, March 29, 1918 - April 5, 1992
• Current Headquarters: Bentonville, Arkansas, United States of America
• Sector/ Type of Industry: Retailing, Discount stores, Super markets and neighborhood shops
• Current Revenue: 404.16 Billion US Dollars
• Total Employees: 2,100,000
The concept of retail and discount stores originated in the United States and became very popular , in the early 1950s. Sam Walton liked this idea ,started working on it seriously and opened his own discount and retail shop in Rogers, Arkansas. In 1962, he started the Wal-Mart phenomenon by opening the first store and after putting lot of serious effort Walton was able to open 24 stores in Arkansas itself in the next five years. In 1968, Wal-Mart hired its first commercial pilot for speedy logistics. On October 31, 1969, Wal-Mart became an official incorporated company under the name, Wal-Mart Stores Inc. ((Scholasticus, K, 2011).
Wal-Mart experienced a huge substantial growth in terms of stores, employees, turnover and economic growth which amounted to about 1500 associates and sales worth $44.2 million in the decade begin from the 1970. By the end of the decade, Wal-Mart had become a giant in the American retail industry with a turnover of more than 1.248 billion dollars in sales and 276 stores managed massive yet efficient staff of 21, 000 associates(Scholasticus, K,2011).
The Years of Rise
The two decades of 1980s and 1990s saw the beginning of global journey of Wal-Mart to become the global retail. It was ranked first among the retail shop chains by the Forbes Magazine in 1983 and its first super center was inaugurated in the year 1988. This super center later on became a conventional shop in many regions and countries throughout the world. By the end 1980s decade, Wal-Mart was operating a massive chain of stores that numbered 1,402 normal stores and had 123 Sam's clubs that churned out sales worth $26 billion or more (Scholasticus, K, 2011).
An Era of Success
Walton's ideas and Wal-Mart's ...
The expert chooses an organization delivering goods and/or service globally.