Wednesday, December 18, 2019
Operations Management Analysis For Walmart - 2766 Words
Operations Management Analysis for Walmart I. Introduction Walmart is a multinational retail store based in the US. According to the Fortune Global 500 in 2015, it is the worldââ¬â¢s largest public corporation. Its operations are organized into three divisions: Walmart Stores US, Samââ¬â¢s Club, and Walmart International. The company has nine different retail formats, including supercenter, food and drugs, and membership stores. According to Yahoo Finance, Walmart is in the industry called ââ¬Å"Discount, Variety Storesâ⬠. This industry has a market capitalization of $4,980 billion. Along with Walmart, Target, Costco, and Dollar General are all included in this industry. The objective of this report is to analyze how Walmart maintain competitive advantages and achieve business success through its effectively standardized operations and supply chain management, and identify the current and potential risks or issues that it suffering recently and may encounter in the future business. This analysis will primarily emphasize on three operational activities of Walmart which include quality management, product and service design, and inventory management. II. Methodology: The process involved a few key steps, outline in detail in the main discussion below. First, analysis of Walmart and its operations was performed considering its current strategies, strengths and weaknesses, and growth potential as compared to the competition. Additionally, this analysis was extended into a ratioShow MoreRelatedStrategic Vision And Operations Planning1210 Words à |à 5 Pages Over the past ten years Walmart has become one of the most powerful retails with the highest sales around the world. The company has been recognized with a successful supply chain management. However as 2016, Walmart closed 269 stores, this means that not all the stores are successful and there is a problem that is affecting its operations planning. 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