Strategic Management Process Of Walmart

1. Introduction

Innovation, leadership and success that’s mean Wal-Mart. It was founded by Sam Walton in 1962, it was incorporated on October 31, 1969, and listed on the New York Stock Exchange in 1972. In 1962 they started their first store in Rogers. Many researchers refers that Wal-Mart has annual revenues of over $100 billion, according to 3,000 stores and more than 750,000 employees worldwide. Wal-Mart operates all their stores and the products from it stocks, and they help speed checkout, with the same philosophy: and they provide low prices and superior customer service. They eliminate Lower prices of frequent sales promotions. They invested their unique cross-docking inventory system. The Cross docking can enabled them to achieve economies

In addition to this mission statement, the company looks to its founder, Sam Walton for a company "purpose":“If we work together, we’ll lower the cost of living for everyone…we’ll give the world an opportunity to see what it’s like to save and have a better life.”

2. Wal- Mart WAREHOUSE STRATEGY large supply chain and warehouse company, you will think of Wal-mart as a first option that come to your mind. The process of walmart company in place has helped create the success the company has seen. Defineing the warehouse management and logistic system in place is part of Wal-mart infrastructure .

Receiving information from the upper level host system, most often being the warehouse management system and translate it for the daily operations is the primary function of warehouse control system to capture this dynamic development in traditional warehousing A distribution center became widely used throughout industry which is where Wal-mart has really come out on top for supply chain and meeting the demand.

WAL- MART WAREHOUSE MANAGEMENT

This is strictly based on stock and location of the receiving department doing a lot of the work. This system is more of a manual process.

 Advanced, this system is more geared towards planning and with the rest of the process in the warehouse management.

 Complex, system that seems to be Wal-Mart and other large companies is reside up . This system is more of a complex in terms of tracking, planning, and controlling the process, transportation and logistics planning required.

Wal-Mart was the first company who implemented system called Universal Product Code bar codes, which help all the company at the store level to collect information and analysis under a database. Part of these process are providing real time information, and the store locations that is transmitted to the distribution centers. These technologies is not only help the order processing but they innovate the way of tracking and restocking the store levels.

Wal-Mart have another technology that helps the distribution and supply chain process through what is called radio frequency identification tags (RFID). This technology can help numeral codes attached to product, to be scanned from a distance to track the merchandise moving along the supply