Wal-Mart owes much of its success to the early adoption of an Information Technology as compared to its competitors. The store has continually evolved to adapt to changing market needs through enhancing its Information Technology strategy. This has given it a competitive edge over other retailers by enabling it to price its products more competitively. Information Technology use by Wal-Mart continues to enhance its market leadership and dominance. 2.0 Information Technology characteristics and dynamics of Wal-Mart Despite of Wal-Mart’s large size, it has one centralized information system that is developed internally giving it much advantage in operations that enables it price its products competitively in comparison to other retailers. In 95% of Wal-Mart’s Information Technology endeavors, much of the development is done by internal staff, managing programming and process engineering and not relying on commercial software or outsourcing. The company has also been able to maintain its Information Technology budget at a lower rate than its market competitors. These costs do not grow at a similar rate to sales despite the entire Wal-Mart business model relying heavily on Information Technology. Wal-Mart as a whole relies on information technology to attain its business objectives and meet the needs of its clients (Sullivan, 2004). The information system at Wal-Mart is a centralized system that manages supplier and consumer data all in one avenue. The centralized system analyzes data from Wal-Mart’s Discount stores, Supercenters, Sam’s clubs, Neighborhood markets and world wide stores from one location. The Information Technology staffs concentrate on building software for all its systems, both at home and in international markets. As a result, any new code affects the global operations of the entire retail store. This leverages the Information technology efforts resulting into massive savings in investments in the department (Sullivan, 2004). Wal-Mart’s system enables it capture all of a day’s sales and product information in real time from all of its global operations. This information is instrumental in making timely decisions as regards sales of particular products. The information is also used by buyers to make buy decisions that eventually affect Wal-Mart’s sales. Availing real time data is one of Wal-Mart’s Information System’s hallmarks. This information enables decision makers at Wal-Mart to act fast and decisively and to take immediate corrective measures where a problem is noticed. This has worked to enhance Wal-Mart’s market leadership over the competition (Sullivan, 2004). Wal-Mart also seeks to synchronize its online operations as well. This it will be achieved through the synchronization of its online sites such as walmart.com, samsclub.com, asda.com, walmartmexico.com.mx. Such synchronization will result in similar efficiencies as those experienced through the centralization of the brick and mortar stores operational information. The platform to host this system will be scalable, Java based and running on IBM’s WebSphere and Informix database. The aim of this is to achieve efficiencies in growth and enhance scalability with the ultimate goal of cost effectiveness that translates to more affordable products for the final consumers enhancing its market leadership (Sullivan, 2004). One of the more identifiable uses of Information Technology by Wal-Mart is the use of radio frequency identification in tracking stocks.
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Running head: WAL-MART INFORMATION TECHNOLOGY COMPANY ANALYSIS Wal-Mart Information Technology Company Analysis 1.0 Introduction Wal-Mart is the world’s largest retailer with over 9,700 stores. Its stores command a market share of 11 percent of the United States retail market…
The store was started initiated by Sam Walton in 1962 in Rogers, Ark, with the aim of providing best quality products at low prices; the vision of the founder was to develop a single store from where the customers can purchase all their merchandise and grocery and they don’t have to go to various stores for buying their important and vital things.
es 23 Introduction Companies are concentrating more on effective business strategies with a view to respond to consumers’ on-demand expectations. Successful businesses in today’s rigorously competitive marketing environments are those who not just seek a response such as attention, purchase or vote from others, but also stimulate demand for their products and services (Kotler and Keller, 2006, p.
The aim of the paper is to show the Wal-Mart company in the world's market. The company operates abundant large discount department stores and warehouse stores. Wal-Mart employs the service of 2,100,000 workers so as to meet the interests of its customers across the globe. It was the world’s largest retail industry and now it ranks at the third position.
This has been the foundation of the retail company and the growth propeller. Wal-Mart stores are the dominant retail stores in the United Sates, with an estimated 84% of shoppers visiting the stores in the past year (Lecavalier). Currently, the company is growing further to Europe through the acquisition of Asda Stores.
The store was the first one to introduce the concept of providing low price goods and services to customers at their convenience by locating its stores nearby customers’ residency. In 1962, first Wal-Mart store was opened in Rogers, Arkansas.
Wal-Mart initiated its operations in 1962 and it is a corporation that runs large chain of discount departmental stores along with warehouses in various countries (Walmart Stores, 2012). The store incorporated its operations officially in 1969 and start trading stock as the public holding company in 1970.
Relating to the emergence of challenges pertaining to gender discrimination, Wal-Mart needs to focus on rendering organizational changes through the promotion of women to higher job hierarchies. Empowering women to take leadership roles in the organization pertaining to decision-making functions would help in reducing the gender gap pertaining to wages and job growth.
per explains how the retail giant Wal-Mart use value chain for smooth running of their business and this value chain is influenced by the introduction of information system in the cost management process.
Value chain analysis is one of the most widely used strategic tools that
The store incorporated its operations officially in 1969 and start trading stock as the public holding company in 1970. Currently, Wal-Mart has about 4,573 stores worldwide along with 730,000 associates that are evident in the form of
C. The second lesson learned is that organizations will only be able to attain sustainable and competitive growth if they align their strategies and explore opportunities based on their internal strength and capabilities (Markgraf, 2014).
B. Since its
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