In addition, Wal-Mart is one of the most financially successful organizations worldwide, as well as topping the list of the biggest private employer companies, having more than two million workers. The Walton family controls up to 48% of Wal-Mart as its founding member was from the said family. Wal-Mart, whose headquarters is in Arkansas, has its shares publicly traded in the New York Stock Exchange since 1972 under the code NYSE: WMT. The company’s main revenue earner is its grocery retailing business, which generates up to 51% of the company’s entire sales. In 2009, for instance, Wal-Mart’s grocery business generated impressive sales of up to $258 billion. In addition to running the Wal-Mart stores, Wal-Mart also operates the Sam’s Club retail warehousing units in the US (Frank, p. 14). Wal-Mart’s Operations Wal-Mart’s operations are based on the divisional structure, which encompasses three distinct divisions that are Sam’s Club, Wal-Mart Stores US and Wal-Mart International. These divisions are then split into different simplistic retail formats that include, among others, food and drugs, apparel stores; supercenters discount stores and general merchandise. ...Show more
Name: Instructor: Course: Date: Operations Management in Action in Wal-Mart Overview of Organization Wal-Mart stores, Inc., popularly referred to as Wal-Mart is a multinational retail corporation founded in 1962, and incorporated in the US in 1969. The company encompasses a massive chain of discount department stores, as well as warehouse stores both in the US and other countries internationally…
The company is also involved in offering infrastructural services for its customers. This infrastructure includes the facilities and structures necessary for the computer hardware and software it manufactures to function (David, 2007). In the line of products and services offered by the company to its customers, is the internet hosting service, where the company operates servers through which other customer organizations access the internet and the e-mail services.
Operation Management ranges from tactical to strategic and operational levels. Strategic issues are inclusive of the determination of location and size and plants for manufacturing, designing of supply chains, and agreeing on telecommunication network or service structure.
A good financially sound company creating great impact in the domestic market should strive for the global market by diversified globalized marketing strategies. Global marketing is the process of delivering a product with the intension of reaching the international community.
This report will present ideas obtained from the organizational assessment of Walmart. The study indicates that the organization has further growth potential regardless of the current global financial crisis. The company’s stock prices indicate an upward growth trend and this situation would attract new investors.
I. An overview of affirmative action and the different viewpoints presented by different groups. II. Reasons for affirmative action by corporate III. The History of Affirmative action and how it was started. IV. The benefits accrued due to affirmative action over the last 30 years since its inception and the performance of employees hired through affirmative action.
A Comparison between Walgreens and Wal-Mart. Wal-Mart and Walgreens command a significant market share in the retail industry. Thus, with regard retailing of various drugs around the nation, both Wal-Mart and Walgreens play a significant role in influencing clients’ options.
There is a key benefit of the revised approach, which is the avoidance of production of redundant stock. Master Tag has been supplying the labels to the seed companies, who in turn pass the labels to the plant growers together with the seed. However, the process is inconvenient, since there is no accurately telling what amount of labels will be sufficient for any particular period, owing to the fluctuations in the plant productions, caused by various factors (Foster, 697).
These theories provide an adequate foundation for the organization in relation to the management of its members as well as the perpetuation of its purposes within the context of a larger community. This paper shall consider the application of the
According to the author, supply chain management is the management of entire chain which includes organization’s inbound operations (procurement, manufacturing, servicing) and outbound operations (distribution and transportation). It is a network which flows from one pattern to another in order to maintain customer value and relationship.
The author states that the most important aspect of this lighting manufacturing business is productivity. Productivity is the measure of how efficient production is done. It is therefore articulated as the ration of the production outputs to its inputs. In this regard, the business inputs will include the raw materials, energy resources, and labor.
9 pages (2250 words)Term Paper
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