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Operations Management in Action in Wal-Mart - Term Paper Example
Finance & Accounting
Pages 5 (1255 words)
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…
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. ...