logo

Procurement and Supply Chain Management Report 2022

   

Added on  2022-10-14

16 Pages4375 Words35 Views
Business DevelopmentFinanceLeadership ManagementProfessional DevelopmentMaterials Science and EngineeringEnvironmental Science
 | 
 | 
 | 
PROCUREMENT AND
SUPPLY CHAIN
MANAGEMENT
A Supply Chain Analysis of Walmart
Source: https://lippincott.com/work/walmart/
Site: XXXXXXXXXXXXXXXXXXXXXXXXXX
Procurement and Supply Chain Management Report 2022_1

Executive Summary
The report has been crafted post analyzing the supply chain and procurement processes of
Walmart. The document contains detailed information about the company, its background,
strategic goals, mission and vision along with the problems faced in supply chain management,
and the improvements that can be done to achieve the said goals. The report also takes insights
from the dynamic alignment model used in current business initiatives to encourage consumer
satisfaction and to develop high performing teams.
Walmart is the biggest retail sector company with a history of a100 years in serving the world
with discounted products and service offering into a variety of divisions. The founder of the
company, Sam Walton, had put forth the mission of providing discounted products and services
attaining high economies in scale. The mission and vision statement of the company has been
strategically inclined towards the cultural identify set by the founder.
The report analyzes Walmart’s supply chain and logistics performance through various issue
scattered under dimensions of supply chain, company operations, information handling as well as
integration and sustainability issues. It also addresses the suggestive improvement programs that
can be undertaken and developed for attaining market competitiveness.
The complete analysis of the existing structure of procurement and supply chain has been
detailed with the problems faced during its complete work cycle. Therefore, it is a document
having information from its incorporation and the problems faced in supply chain and
procurement in the present scenario.
Procurement and Supply Chain Management Report 2022_2

Table of Contents
Executive Summary.........................................................................................................................1
SUPPLY CHAIN MANAGEMENT AT WALMART...................................................................1
Company Introduction and Service Offering..................................................................................1
Strategic Goals, Mission and Vision...............................................................................................2
Issues with Supply Chain Management...........................................................................................2
Supply Chain Issues.....................................................................................................................2
Operational Issues........................................................................................................................3
Information Issues.......................................................................................................................4
Integration Issues.........................................................................................................................5
Sustainability Issues.....................................................................................................................7
Analysis of Existing Structure of Procurement and Supply Chain..................................................9
The Dynamic Alignment Model..................................................................................................9
Improvement Programs and Recommendations............................................................................11
Gaps based Analysis..................................................................................................................12
Conclusion.....................................................................................................................................12
References......................................................................................................................................14
Procurement and Supply Chain Management Report 2022_3

SUPPLY CHAIN MANAGEMENT AT WALMART
Company Introduction and Service Offering
Walmart Inc., the globally thriving American international retail corporation manages and
operates 11,300 stores and clubs in over 27 nations, has an expanded business line with 58
different names. Being a world’s largest giant and having a span covering the globe, with over
2.3 million employees and a broad customer base of over 100 million, visiting the stores every
week, it is very essential for the company to manage and maintain the supply chain and
procurement processes as efficiently as possible.
Walmart started as the retail service provider, offering low prices to obtain higher volumes over
a marginal profit expectation. The retail offerings turned and expanded to divisions of all
possible retailing items, pharmacy and financial service, wireless and photo lab services, and
many more. The company introduced technology and innovation in the overall process making
the shopping experience memorable, convenient and comfortable for customers (Mark K., 2012).
As of current scenario, Walmart defines its services divisions into categories of Money Services,
Product services, Health Services, Business Services, Registry Services, Auto Services and Pet
Services. The shopping experience has also reached door-to-door with the E-commerce platform
integration to the store offerings. Driven by consumer market share, Walmart faces strong
competition from Amazon services, but stands strong on the supply chain and leadership front. A
chart is presented below to convey the cut-throat competition between the two facility providers.
Fig 1: Walmart Vs. Amazon
Source: https://revionics.com/amazon-vs-jet-com-vs-walmart-price-leadership-holiday-gift-category/holrpt-amazon-v-
walmart/
Strategic Goals, Mission and Vision
The company’s mission is the one realized and founded by Sam Walton, to provide discounted
products and services attaining high economies in scale. Driven by the founder’s philosophy of
making Customer No. 1 and the unique culture, the company still maintains the originating ideas
as its core operating principles. With time, Walmart has inculcated the idea of bringing together
technology and world class retailing experience for its customers. The company’s slogan of
“Save Money, Live Better” is another strategic business goal that the company focuses in
devising its strategic policies and decisions (David, et al., 2014). The company’s corporate vision
statement, as articulated in year 2017, states “Be THE destination for customers to save money,
Page 1 of 16
Procurement and Supply Chain Analysis
Procurement and Supply Chain Management Report 2022_4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Procurement and Supply Chain Analysis Australia 2022
|13
|1973
|18

Procurement and Supply Chain Management
|15
|3182
|269

Supply Chain Management and Procurement
|15
|3111
|440

Procurement and Supply Chain Management Analysis of TGA
|14
|3652
|396

Evaluating Walmart's Supply Chain Management: A Porter's Value Chain Analysis
|26
|4940
|541

Procurement and Supply Chain Management Analysis of Nike
|16
|3715
|202