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Issues of the Operation Management

   

Added on  2020-03-16

12 Pages3582 Words62 Views
Running head: OPERATION MANAGEMENTWal-Mart: Operation ManagementName of the Student:Name of the University:Author’s Note:

2OPERATION MANAGEMENTExecutive SummaryThe entire report is based on the Wal-Mart business operation and various issues of theoperation management. However, it has been received that Wal-Mart has been facing issues inlocation planning and quality management. Therefore, issues regarding the location planning canbe reduced by the opening of small stores in the different location while this strategy has somedrawbacks. On the other hand, TQM is useful for quality assurance in the context of Wal-Mart.However, TQM is an expensive method that often affects the profitability. Despite this TQM iseffective in the context of Wal-Mart as it is a large retail organization. Apart from this TQM ishelpful to reduce cost and to identify the current market demand.

3OPERATION MANAGEMENTTable of ContentsIntroduction......................................................................................................................................4Discussion of the problems regarding the strategy, inventory, quality management, locationplanning and design of Wal-Mart....................................................................................................4Identification of the problems of quality management and the location planning in context ofWal-Mart..........................................................................................................................................5Discussion of the alternatives to resolve the problems of Wal-Mart regarding the qualitymanagement and location planning.................................................................................................7Advantages and disadvantages of the alternatives regarding the issues of quality managementand the location planning.................................................................................................................9Explanation of the best solution......................................................................................................9Recommendations..........................................................................................................................10Conclusion.....................................................................................................................................10References......................................................................................................................................11

4OPERATION MANAGEMENTIntroductionOperation management is a practice of bringing highest efficiency in a business byutilizing the resources in a proper way. Transformation of the material and the labor into goodsand service is the basic process of business operation (Christopher 2016). It is the prime duty ofthe operation management to keep a balance between the operation cost and the revenue toachieve the highest profitability in an organization. This study deals with the operationmanagement of in the context of Wal-Mart. However, Wal-Mart is an American multinationalretail corporation having a chain of the hypermarket. Based on the revenue Walmart isconsidered as the largest organization in the world. This organization offers the largest grocery tothe customers in USA and different countries in the world. This current study will focus thestrategic issue, quality management issue and other operational issues in Walmart (walmart.com,2017).Discussion of the problems regarding the strategy, inventory, quality management, locationplanning and design of Wal-MartOne of the vital business strategies of Wal-Mart is to dominate in the retail industry.Therefore, to expand their business in U.S and the global market is another strategy of Wal-Mart.Apart from this company recognition and development of the positive brand is other missions ofthis organization. However, there are some drawbacks in such strategy one of the most importantis out of the small business from the markets as due to the dominance of Wal-Mart such smallenterprises are not able to afford low price and diversification of the goods (Businessinsider.in,2017). On the other hand, the business system of the Wal-Mart takes a giant form anddifferentiates into various departments including electronics, pharmacy, and grocery. This is hardto operate properly for Wal-Mart. Therefore, Wal-Mart is expanding their business both locallyand internationally, which brings fear for the other organizations in the same market segment. Quality management of Walmart includes some problems, however, this organization hasthree tiers of quality standards in the operation management. The lower tier is used for itsmaximum brands based on the minimum demand of a large number of customers. On the other

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