Supply Chain Management Assignment

Added on - 29 Apr 2020

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Running Head: Supply Chain ManagementSupply Chain ManagementWal-Mart
Supply Chain Management1ContentsIntroduction.................................................................................................................................................1Company Profile..........................................................................................................................................1Key Flow in Supply Chain.............................................................................................................................1Information flow......................................................................................................................................2Cash flow.................................................................................................................................................2Product Flow...........................................................................................................................................3Return Flow.............................................................................................................................................3The Make Process........................................................................................................................................4Production Plan.......................................................................................................................................4Master production Scheduling (MPS)......................................................................................................4Bill of Materials........................................................................................................................................5Recommendations...................................................................................................................................5The Supply Chain Forecasting......................................................................................................................5Demand planning and demand forecasting.............................................................................................5Typical demand pattern...........................................................................................................................6Qualitative and quantitative Forecasting.................................................................................................7Forecasting evaluation and accuracy.......................................................................................................7Recommendations...................................................................................................................................7Conclusion...................................................................................................................................................7References...................................................................................................................................................8
Supply Chain Management2IntroductionSupply chain management refers to the process of flow of goods and services in themarket which also involves the flow of raw material, finished goods and work inprogress from the point of initiation to the point of ingestion. Basically, an efficient andeffective supply chain of an organization is an interconnected or interlinked chain whichconnects all the networks and channels of business makes the product approachable toall the customers present in the target market. Further, the report provides a briefoverview of the Wal-Mart Company and its key flow in supply chain management andthe development and making process as well. Lastly, the report also provides detailsabout the supply chain forecasting of Wal-Mart Company. More details about the taskare discussed below (Shafiq, et. al., 2016).Company ProfileWal-Mart is a multinational retail chain store which was inaugurated in the year 1962 bySam Walton in the United States. The company operates its retail chain store in total 50states and earned revenue of approx. $480 billion in the previous year (according tofortune global 500). The fact was considered that the company earning the largestrevenue among all other companies present in the list. Further Wal-Mart has hugefamily of employees working with them around 2.3 million people in number. Thecompany is aiming to expand their business in many other countries like Brazil, Chile,and Canada etc. Wal-Mart is identified as the leader in the retail sector of the UnitedStates industry and worldwide. Wal-Mart has total 11,695 stores and clubs in 28countries, under 63 banners and also the Sam's Club retail warehouses are also ownedand controlled by the team of Wal-Mart only. The company came on New York StockExchange in the year 1972 and by 1988 Wal-Mart also became the most profitableretailer in the US as well. Further by 1989 the company also became the largestcompany in terms of revenue as well. Furthermore, details about the supply chainmanagement of the company are discussed below (Lombardo, 2017).
Supply Chain Management3Key Flow in Supply ChainGenerally, the supply chain management can be explained as an organized form ofdifferent activities in the organization such as information, raw material, finished goodsetc. For the purpose of initiation of effective supply chain management, it is importantfor the management to initiate the adequate flow of work. The supply chain will help theorganization to analyze the ineffectiveness present in the organization and implementadequate procedures to enhance the growth of Wal-Mart. Further, the supply chainprocess which the organization Wal-Mart uses is discussed below (Chase, 2017):Information flowThis type of flow includes information flow or flow of data including the purchase order,quotation request, change request, feedback on the performance of suppliers on behalfof customers and product specification etc. this is remarked as one of the mostimportant aspects of the supply chain management of Wal-Mart. as noticed that thecompany is providing its products on heavy discount due to which the quotation of Wal-Mart is very effective, the customers can also quote their values on the website of thecompany. They also receive the products and pay the amount through money transferto account of stores after which the company assigns the suppliers and distributorsregarding the sale transaction. But since the organization is giant in its operations dueto which the company many times faces the issue of insufficient stock. Consideringwhich Wal-Mart focused on lowering the prices of their product so as to attract thecustomers and fix the problem (Edelson, 2017).
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