Supply chain management of Walmart

We ilkwise express the depth of my appreciation to our honorable course t entirely(prenominal)er for her mite and guidelines, which helped us in completing this composing. Letter of Transmittal November 19, 2014 Famish Skater Nip, Lecturer, surgical incision of anxiety Studies, Jonathan University, Dacha. Us abject Submission of Report on deliver twine Management Systems of Wall- Margon. Dear Madam, We are the student of Department of Management studies, Jonathan University, Dacha and also from the group named Dazzle.A report was given to us by you on affix range of a function Management Systems offal- marketfor submitting. We are surely quick to make water much(prenominal) a challenging and interesting report like this and we also feel to say thank you to you for make us meet for corporate. During the preparation of this report we learn something very extra in practicable which will be very helpful for us in future. there were some obstacles we have faced at the c onviction of preparing this report. But we have overcome all the obstacles by the removeeavor effort by each member of our group.We had taken at most care to present this report and this report has been excellent outlet for combining theoretical and practical aspect. We are really grateful to you for giving us such a great job & opportunity like this to prove our ability in making a quality report. We had limitations at the succession of preparing this report. So mistakes may derive in preparing this report. We hope you Will take our mistakes forgivingly. Yours Sincerely, On behalf of the group s A Jonathan university, Dacha Table of Contents Chapter Topics page No.Chapter-I Executive Summery 8 Introduction 9 Objectives of the Study 10 Methodology Chapter-2 add together grasp solicitude 12-14 Functions of Supply compass Management 14 About Wall-Mart 15-16 Wall-Mart at a glance 16-17 Strategic Position 18 Wall-Marts Supply range of mountains Description 20-23 Wall-Marts Bus iness Processes 24 procurement and Distribution 25-26 Logistics Management 26-27 federation Supply Chain Strategy 28 Company Supply Chain Effectiveness 29-30 Future Work and Discussion 30-31 Chapter-3 Recommendation 33 oddment 34 References 5 CHAPTER- ONE Wall-Mart is one of the leading Fortune vitamin D companies, which is spread across the globe.It is perhaps the largest retail range which deals with everything from food to consumer electronics. Supply image worry has been the foundation to Wall-Marts success and remains their chief combative advantage in the retail/ part store industry. Wall-Mart is in the origin of selling everything customers need in their everyday lives. Wall-Mart was divided into three commerce segments Wall-Mart stores, Cams Clubs, and the International Division.Their distribution system is generally regarded as the cost numberual and they have an approach to add up drawing string solicitude that has long forceful visibility by means of the sharing of culture with their suppliers. Wall-Mart was one of the largest private field employers in the world, with employee strength of almost 1. 28 million. Supply chain management is moving the right items to the right customer at the right time by the most efficient means. No one does that better than Wall-Mart. Wall- Mart always emphasized the need to skip its purchasing costs and tour the best price to its customers.The company procured goods directly from manufacturers, bypassing all intermediaries. Wall-Mart was a punishing negotiator on prices and finalized a purchase deal scarce when it was richly confident that the crops being bought were not available elsewhere at a lower price. Supply chain management (SCM) is the systemic, strategic coordination of the traditionalistic ancestry functions and the tactics across these craft functions within a particular company and across businesses within the supply chain, for the purposes of up the long term functioning o f the individual companies and the supply chain as a whole. It has also been be as the design, proviso, execution, control, and monitoring of supply Hahn activities with the objective of creating net value, building a competitive infrastructure, leveraging worldwide logistics, synchronizing supply with demand and touchstone performance globally. SCM is a cross-functional approach that includes managing the movement of raw materials into an organization, certain aspects of the sexual plowing of materials into finished goods, and the movement of finished goods out of the organization and toward the end consumer.As organizations strive to concentrate on on core competencies and becoming much flexible, they reduce their ownership of raw materials sources and distribution channels. These functions are change magnitudely being outsourced to early(a) firms that can perform the activities better or much cost effectively. The effect is to increase the number of organizations invo lved in satisfying customer demand, part reducing managerial control of daily logistics operations. Less control and more supply chain partners led to the creation of the concept of supply chain management.The purpose Of supply chain management is to improve trust and collaborationism among supply chain partners, thus improving inventory visibility and the focal ratio of inventory movement. Wall-Mart was the largest retailing company in the world. The company was much bigger than its competitors in the US Sears Roebuck, K-Mart, J Penny and Nordstrom combined (Refer Exhibit I). Len 2002, Wall-Mart operated more than 3,500 discount stores, Cams Clubs and Superstructures in the US and more than 1,1 70 stores in all major countries across the world.The company also sold products on the profits through its website, Walter. Com. Wall-Mart was one of the largest private sector employers in the world, with employee strength of approximately 1. 28 million. The companys founder, Sam Walt on (Walton) had always focused on improving sales, unendingly reducing costs, adopting efficient distribution and logistics management systems and using innovative discipline technology (IT) tools. harmonize to analysts, Wall-Mart was able to achieve a leadership military position ((Refer Exhibit II)) in the retail industry because of its efficient supply chain management practices.Captain Vernon L. Beauty, aide-De-camp to the commander, Defense Supply Center, Columbus, Ohio said, Supply chain management is moving the right items to the right customer at the right time by the most efficient means. No one does that well than Wall-Mart. all task has a particular aim. A study without objective cannot legislate its estimation. The main objective of the study is to get some Supply Chain Management Systems of Wall-Mart. Some other objectives of this study mention in the spare-time activity 1 . To grapple about Supply chain Management system. . To know about supply chain process. 3. To know about Wall-Mart. 4. To gather familiarity about supply chain management of Wall-Mart. 5. To get a real idea about supply chain system. 6. To increase knowledge about supply chain. 7. To know how to manage supply chain process from Wall-Mart. 8. To know about retail system. We have collected data in the undermentioned ways Website Desk report of the related department. Other manual nurture. Different annexe books of the library News paper Articles Internship report CHAPTER.Two THEORETICAL ASPECTS The term supply chain management entered the public domain when Keith Oliver, a consultant at Bozo Allen Hamilton (now strategy&), used it in an interview for the Financial time in 1982. The term was slow to take hold. It gained currency in the mid-1 sass, when a flurry of articles and books came out on the subject. In the late asses it rose to gibbosity as a management buzzword, and operations managers began to use it in their titles with increasing regularity.Commonly acc epted definitions of supply chain management include The management of upriver and downstream value- added flows of materials, final goods, and related information among suppliers, company, resellers, and final consumers The systematic, strategic coordination of traditional business functions and tactics across all business supply chain, for the purposes of improving the long-term performance Of the individual companies and the supply chain as a whole.A definition is given by Hines (2004pop) Supply chain strategies require a total systems view of the inks in the chain that work together expeditiously to create customer satisfaction at the end point of words to the consumer. As a consequence, costs must be lowered throughout the chain by driving out unnecessary expenses, movements, and handling. The main focus is turned to efficiency and added value, or the end-users perception of value. Efficiency must be increased, and bottlenecks removed.The measurement of performance focuses on total system efficiency and the ingenuous monetary reward distribution to those within the supply chain. The supply chain system must be responsive to customer requirements. The integration of find business processes across the supply chain for the purpose of creating value for customers and stakeholders (Lambert, 2008) According to the Council of Supply Chain Management Professionals (CAMP), supply chain management encompasses the planning and management of all activities involved in sourcing, procurement, conversion, and logistics management.It also includes coordination and collaboration with channel partners, which may be suppliers, intermediaries, third-party service providers, or customers. Supply chain management integrates supply and demand management within and across companies. More recently, the generally coupled, self- organizing network of businesses that cooperate to provide product and service offerings has been called the Extended Enterprise.Supply Chain Manageme nt (SCM) is the management of the relationship between the suppliers supplier and the customers customer through the supply chain participants (Distributor/Wholesaler and Retailer) between them, mainly using information flow and logistics activities to gain Competitive advantage and customer satisfaction. Figure Supply Chain Management System A supply chain, as oppose to supply chain management, is a set of organizations directly linked y one or more upstream and downstream flows of products, services, finances, or information from a source to a customer.Supply chain management is the management of such a chain. In many an(prenominal) cases the supply chain includes the collection of goods by and by consumer use for recycling. Successful SCM requires a change from managing individual functions to integrating activities into primordial supply chain processes. In an example scenario, a purchasing department places orders as its requirements become known. The marketing department, responding to customer demand, communicates with several distributors and retailers as it attempts to pose ways to attics this demand.Information shared between supply chain partners can only be fully leveraged through process integration. Supply chain business process integration involves collaborative work between buyers and suppliers, joint product development, common systems, and shared information. According to Lambert and Cooper (2000), operating an incorporate supply chain requires a continuous information flow. However, in many companies, management has concluded that optimizing product flows cannot be accomplished without implementing a process approach.