Walmart Inventory Management

Running Head: WALMART INVENTORY MANAGEMENT
Walmart Inventory Management
Name of the Student
Name of the University
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Running Head: WALMART INVENTORY MANAGEMENT
Table of Contents
Introduction......................................................................................................................................2
Discussion........................................................................................................................................2
Overview of the company............................................................................................................2
The Inventory Management.........................................................................................................3
Discussion of the problem............................................................................................................3
Recommended Solution...................................................................................................................4
Conclusion.......................................................................................................................................5
Reference.........................................................................................................................................6

Running Head: WALMART INVENTORY MANAGEMENT
Introduction
The inventory management is a component in the supply chain management. It
supervises the supply chain of goods from the manufacturers to the warehouses, from the
facilities to the sales. A primary function of the inventory management is to secure a detailed
record of the new or returned product when it enters or leaves a point of sales or a warehouse
(Chaiyawantakee et al., 2015). The inventory management is a complicated process especially
for the larger organizations. However, the basics are the same irrespective of the size of the
organization. In the inventory management, the required goods are delivered to the destination in
the form of raw materials and kept in the stock areas or the shelves (Dearsystems.com, 2019).
The present repot will deal with the inventory management of Walmart. It will begin by giving
an overview of the company. It will then find the problem in the inventory management, discuss
about the problem and conclude by providing suitable solution.
Discussion
Overview of the company
The first store of Walmart opened in the year 1962 in Rogers, Arkansas. It is the largest
company as far as the revenues are concerned. According to the reports of 2017, the company
owns the revenues of $485.9 billion. Almost 63 % of the revenues come from the U.S operations.
The company is a private employer employing almost 2.3 million people. It serves more than
260 million customers per week and 11, 718 retail units are there in 28 countries. It is an
America multinational retail corporation (Trujillo, 2019).It operates a chain of the hypermarkets,
the grocery stores and the discount department stores. The company was founded in the year