Supply Chain Management At Wal Mart Case Study Ivey

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A stock analyst was preparing a recommendation on what his firm, a large US investment house, should do with its stake in Wal-Mart Stores, Inc. Wal-Mart, the world's largest retailer, was trying to recover from a series of missteps that had seen competitors such as dollar stores and Amazon.com close the performance gap. Competitors had copied many aspects of Wal-Mart's distribution system, including cross-docking products, eliminating storage time in warehouses, positioning stores around distribution centres, and widespread adoption of electronic data interchange (EDI), as well as ordering and shipping from suppliers.
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Wal-Mart Supply Chain Management Essay

2316 Words10 Pages

Retail super-giant Wal-Mart has fought its way to becoming the world's largest company. Much of their success can be attributed to providing a vast assortment of products at exceptional prices all under one roof. Wal-Mart began operations in 1964 and has since become the world leader in retail. Today, Wal-Mart is visited by 138 million customers per week at their 4,750 stores. Wal-Mart operates under four basic rules in order to satisfy such a large number of customers:
Respect the individual, provide the best service to their customers, strive for excellence, and exceed customer expectations.

Their corporate mission focuses on a global growth strategy through concentrated integration. The company continues to expand its…show more content…

The suppliers are the root of their supply chain management system. To maintain high quality products, Wal-Mart has developed supplier standards that all perspective suppliers must meet. Wal-Mart supplier standards reflect many of the sensitivities of the global community as well as meet their suppliers', customers', and shareholders' expectations about how Wal-Mart conducts its business. Wal-Mart regularly monitors the factory base of their suppliers in order to assure that their suppliers must comply with the legal requirements and standards in the jurisdictions in which they conduct business.
This includes labor and compensation laws, health and safety laws, and environmental laws. The three pillars of Wal-Mart's foundation - respect for the individual, striving for excellence, and customer service - constantly challenge them to deliver the best practices and to require the same from their suppliers. The way Wal-Mart and its suppliers conduct business impacts Wal-Mart's reputation among its customers and shareholders.

The supplier standards were created in 1992 for the companies that wanted to conduct business with Wal-Mart. Suppliers, their contractors, and their subcontractors must conform to the ethical standards and business practices stated in the standards. By the end of January 2003, Wal-Mart took direct control of its factory audits for direct import merchandise. This has given Wal-Mart greater
visibility

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