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Business Management Report 2022

   

Added on  2022-08-31

16 Pages4292 Words14 Views
Business DevelopmentData Science and Big DataWeb Development
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1/4/2020
Student name
Business
Management
Report
Business Management Report 2022_1

Table of Contents
Introduction................................................................................................................................2
Background of the supply chain of the Walmart....................................................................2
Walmart international business strategy in terms of International, Global Product,
Localisation, Transnational Strategy......................................................................................4
Analyse the Walmart supply chain strategy...........................................................................5
Analyse the strategic fit between Walmart’s international business strategy and supply
chain strategy..........................................................................................................................6
Critically examine each of the elements of the supply chain:................................................8
Facilities.............................................................................................................................8
Sourcing/Procurement........................................................................................................8
Inventory............................................................................................................................8
Transportation/Distribution Information sharing...............................................................8
Analyse gaps in their distribution network.............................................................................9
Conclusion and recommendations...........................................................................................10
References................................................................................................................................12
Business Management Report 2022_2

Introduction
Business processes should be managed in a proper manner. There are many processes in a
company, which have created for managing internal and external processes of a firm. The
supply chain management (SCM) system has used for managing the supply chain process of a
firm. This report will discuss about the role of technologies in supply chain management. In
addition, there are many things to manage in a company, but the supply chain process must
be proper to improve the performance of the company (Baden-Fuller & Haefliger, 2013).
Walmart is a huge firm in the retail industry. The company has achieved the first position in
the field of retail business because of technological innovations and business strategies. The
company has used emerging technologies for managing its various business functions
especially supply chain, customer relationship, inventory and more (Gilmore, 2018). It is a
huge example in front of the world that Walmart has proved that innovations and
technologies are helpful in business development and growth.
This report will analyse various factors of the company, which are beneficial for the success
of the company. It will critically analyse the distribution system of the company. In the later
section of this report, recommendations will provide for the company.
Background of the supply chain of the Walmart
The retail industry is based on various things, which must be proper to use. There are three
main things in the retail industry, which are marketing, distribution, and delivery. A firm
should design differ satrapies to manage all three works (Bharadwaj, et al., 2013). This
industry can be divided into two segments, which are shop retailing, and online retailing. In
the case of shop retailing, a place is used to buy products, such as shop, and warehouse. In the
case of online retailing, online services have used for shopping, such as e-commerce.
Walmart is a chain of large department stores (CeMAT, 2019). It was added to the New York
stock exchange in the year of 1972 after the foundation of the company in 1962. Walmart has
stabilized 276 stores in 11 states in a decade, which is a good thing for the company. Walmart
has opened supercentres for better services to its consumers. Walmart has adopted
technologies in 1990, which has provided many benefits in the present as well. The sale of
Walmart in the year 2010 is $405 billion, which is a huge amount. Currently, the company
has associated with more than 2.1 million employees worldwide (Tradegecko, 2019). The
headquarters of the company was situated in Bentonville, Arkansas US.
Business Management Report 2022_3

The company has used the advance level of services for the supply chain. In addition, the
supply chain process can be managed using emerging technologies, which has provided
better outcomes. There are various internal processes in the supply chain process, such as
buyers, suppliers, vendors, and customer management (Chen, et al., 2012). It is a huge
process in which all the products and services should be managed in a proper manner for
taking good feedback for customers. Moreover, Walmart has created sub-processes to
manage their supply chain process (Chesbrough, 2010).
The company has followed different approaches to manage their supply chain process, such
as traditional and cross-docking approach, which makes them better from others. In addition,
business processes can be managed in a better way using technologies and information
systems (IS). Moreover, consumers have believed in the services of a firm because of the
proper delivery of products and services (Daniel, 2019). It makes faith in them to continue
purchases and services. There are many advantages of the supply chain process in a firm, as
Walmart makes a good image in the market because of a better supply chain management
system (Darwin, 2016).
Source: (Ramdas, 2014)
The firm has used a new approach to manage the collection and distribution systems. It has
collected different products from its manufactures directly, which has stored in the
distribution centre with a proper bar code of the products using the RFID system. The product
Business Management Report 2022_4

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