Question

Investigate Walmart's SCM, summarize your findings in one page. Make sure your summary is comprehensive.

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Answer 1

SCM of Walmart

Supply Chain is the mechanism that facilitates the movement of a product from one location to another. So it is very crucial for companies to manage their supply chain well. The supply chain management of Walmart is one of the best supply chain management systems. The following are the reasons behind the success of the SCM of Walmart.

• Walmart used the possibilities of technology in the area of supply chain management that helped them to track its inventory well.
• Walmart could use its supply chain management mechanism to restock its shelves.
• The company could optimize its stock levels and it helps them to pass the benefits to its customers.
• The supply chain management mechanism of Walmart helps in dealing with a wide variety of products.
• The company Walmart has consistently renovated its supply chain management strategy from 1962 onwards.
• The company Walmart is the first company to introduce things like barcodes for product identification.
• The company has the mechanism to update sales information to the distribution center on a real-time basis.
• The supply chain management mechanism of Walmart helps the company to forecast and manage its inventory well.
• The company also invests a lot of money in technology to keep on renovating its supply chain management mechanism.

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