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Inventory management at WAL-MART
Pages 4 (1004 words)
Sam Walton opened the first Wal-Mart discount store in the year 1962. The first Wal-Mart Discount store that he opened was in a City in Rogers, Arkansas. Currently, there are 941 stores all across the United States (Frat Files). One advantage of Wal-Mart and probably its reason for success was that it started making its discount stores a little outside the city so that it is more convenient for customers to come and shop there, with its spacious aisles and enough space for everyone to park and large displays…
It also succeeded due to its global strategies. It became the first private-sector company in the world to have employed over one million personnel. It provides large spacious, wide, neat, brightly-lit aisles and shelves stocked with area for people to look around and provide a variety of goods. The average size of a Wal-Mart store is 107,000 square feet (www.walmart.com). Each store employs about 225 people. The employees are called associates as they hold value for the company (Frat Files). The stores feature a variety of quality, value-priced general merchandise, including (www.walmart.com):
Wal-Mart operates each store, from the products it stocks, to the front-end equipment that helps speed checkout, with the same philosophy: provide everyday low prices and superior customer service. Lower prices also eliminate the expense of frequent sales promotions and sales are more predictable. Wal-Mart has invested heavily in its unique cross-docking inventory system. Cross docking has enabled Wal-Mart to achieve economies of scale which reduce its costs of sales. ...
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