Wal Mart Supply Chain
Wal-Mart IIIInc IiInc.
By Group 11:
Abhinav Kumar (131)
KSK Kaushik (132)
Anand Rana (144)
Saurabh Suman (152)
Vinayak (157)
Jigar Jain (164)
Wal-Mart
Executive Summary
With over US$444 billion in 2012 sales from operations in 27 countries, Wal-Mart Stores, Inc. is the world’s largest retailer. Wal-Mart is the world’s third largest public corporation, according to the Fortune Global 500 list in 2012 and world’s biggest private employer with 2.2 million associates worldwide. Wal-Mart serves customers and members more than 200 million times per week. Wal-Mart operates under 69 different banners. Wal-Mart’s supply chain, a key enabler of its growth from its beginnings in rural Arkansas, has long considered by many to be a major source of competitive advantage for the company. In fact, when Wal-Mart was voted “Retailer of the Decade” in 1989, its distribution costs were estimated at 1.7 per cent of its cost of sales, comparing favorably with competitors such as Kmart (3.5per cent of total sales) and Sears (five per cent of total sales). Their distribution system is generally regarded as the most emphasized visibility through the sharing of information with their suppliers. Wal-Mart slipped to No. 2 in the Fortune 500 in 2011 after holding onto the top spot for two years in a row. Wal-Mart 's international business continues to be a source of growth for the company - revenues outside the U.S. rose by 13.1% last year, to $35.5 billion.
Introduction
Wal-Mart has come a long way since its inception and undergone many changes on the way. Sam Walton’s initial strategy was to target low-income families in rural areas by offering significantly lower costs. Through use of technology in distribution and supply chain logistics Wal-Mart has been able to cut costs and lower prices for end users. Wal-Mart is one of the best supply chain operators at the moment. Using a supply chain management system that is progressively against its competitors and they don’t
By Group 11:
Abhinav Kumar (131)
KSK Kaushik (132)
Anand Rana (144)
Saurabh Suman (152)
Vinayak (157)
Jigar Jain (164)
Wal-Mart
Executive Summary
With over US$444 billion in 2012 sales from operations in 27 countries, Wal-Mart Stores, Inc. is the world’s largest retailer. Wal-Mart is the world’s third largest public corporation, according to the Fortune Global 500 list in 2012 and world’s biggest private employer with 2.2 million associates worldwide. Wal-Mart serves customers and members more than 200 million times per week. Wal-Mart operates under 69 different banners. Wal-Mart’s supply chain, a key enabler of its growth from its beginnings in rural Arkansas, has long considered by many to be a major source of competitive advantage for the company. In fact, when Wal-Mart was voted “Retailer of the Decade” in 1989, its distribution costs were estimated at 1.7 per cent of its cost of sales, comparing favorably with competitors such as Kmart (3.5per cent of total sales) and Sears (five per cent of total sales). Their distribution system is generally regarded as the most emphasized visibility through the sharing of information with their suppliers. Wal-Mart slipped to No. 2 in the Fortune 500 in 2011 after holding onto the top spot for two years in a row. Wal-Mart 's international business continues to be a source of growth for the company - revenues outside the U.S. rose by 13.1% last year, to $35.5 billion.
Introduction
Wal-Mart has come a long way since its inception and undergone many changes on the way. Sam Walton’s initial strategy was to target low-income families in rural areas by offering significantly lower costs. Through use of technology in distribution and supply chain logistics Wal-Mart has been able to cut costs and lower prices for end users. Wal-Mart is one of the best supply chain operators at the moment. Using a supply chain management system that is progressively against its competitors and they don’t