The paper 'Inventory Management at Wal-Mart " is a good example of a management case study. Organizations success is largely dependent on the strategy which a business looks to develop use the different resources in the best possible manner. Supply chain management is an aspect of business that helps to use the different resources effectively and inventory management which is a part of the supply chain process holds its importance. Businesses look to develop their inventory management strategies and process in such a manner that it looks to minimize wastage and ensures that the inventories which the business has are appropriate for carrying out different business activities.
Wal-Mart which is a retail giant has developed appropriate strategies that will look at effective management of inventory by developing proper supply chain and inventory management strategy. Since both supply chain and inventory management are interlinked so it is imperative that businesses manage them effectively. This report looks to analyze the inventory management strategy which has been used by Wal-Mart and the manner it has contributed towards their success. The paper will also look into different techniques and methods which have been used to manage the inventory and the different problems which the process presents.
This is backed by providing the different machines which can be adopted and the manner in which a better inventory management strategy will help the business to bring about a complete transformation and ensure better development of the business. Background Information Wal-Mart which is one of the largest retail chain players has over 6,500 stores in over 50 states all over the world and employs more than 1.8 million people. The company by developing its inventory chain management through the development of the supply chain process has been able to provide its customer with the best products at the best prices.
The development of proper inventory management practices has helped Wal-Mart to develop its business by looking to provide “ Everyday Low Price” to its customers. The effective management of inventory through the process of proper techniques and development of supply chain practices has helped customers to be able to get the best products at competitive prices.
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