Formulating a New Operations Strategy for Walmart

Running head: OPERATION MANAGEMENT
Operation Management
Name of the Student
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1OPERATION MANAGEMENT
Table of Contents
Introduction................................................................................................................................3
Vision and Mission....................................................................................................................3
Business strategy........................................................................................................................3
Operation strategy......................................................................................................................3
Supply chain...............................................................................................................................3
TQM...........................................................................................................................................4
JIT Philosophy...........................................................................................................................4
Forecasting method....................................................................................................................4
Statistical technique...................................................................................................................4
Facility location..........................................................................................................................4
Work design...............................................................................................................................4
Project life cycle.........................................................................................................................4
Project management...................................................................................................................5
Three tasks that do not align with the operational strategy........................................................5
Determination the weaknesses that are evident in each task......................................................5
Formulation a new operations strategy for Wal-Mart................................................................5
Analysis of both the structure of the competitive priorities and infrastructure of the
production process.....................................................................................................................6
Development of three new enablers that are aligned with the long-term plan...........................6
Evaluating three (3) pros and three (3) cons of the new enablers..............................................6
Pros.............................................................................................................................................6
Conclusion..................................................................................................................................7
References..................................................................................................................................8

2OPERATION MANAGEMENT
Introduction
The study aims to assess the important foundations of organization’s operational
proficiency and formulation of a new operations strategy for Walmart Inc. Some of the main
aspects of the study have stated about the competitive priorities such as cost, quality, time,
and flexibility) (Muñoz, Kenny & Stecher, 2018)
Vision and Mission
The corporate vision and mission statement relates to the central guiding principles of
a particular business. In this consideration the success of the corporation is linked to the
efficiency which is seen to follow growth strategy as per Porter’s model and Ansoff Matrix.
Business strategy
The company is seen to follow cost leadership generic strategy. This is mainly
advantageous as per including players such as Amazon.com Inc. and its subsidiary Whole
Foods Market, Costco Wholesale, eBay, and Home Depot.
Operation strategy
The operations management of the company is seen to cover the different approach of
considering the issues and concerns on a daily basis. The decisions are based on the
prioritization of the objectives of the business (LeCavalier, 2016).
Supply chain
The warehouse of the company is depicted to having sufficient provision for the
allocation supplier’s truck and goods. The efficiency is depicted with the cost effectiveness
and cost minimization programs. Moreover, the SCM is integrated with ability to minimize
costs.