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Strategic Supply Chain Model Paper

1372 words - 5 pages

Wal-Mart is a shopping center that carries a variety of products ranging from clothing to office supplies and grocery supplies. This shopping center receives the products they carry from suppliers, and the supply chain must be managed accordingly. In this paper, Team A discusses the need for supply chain management, how Wal-Mart orders and delivers products in their present situation, and the elements of the supply chain model for the organization.Wal-Mart is a one stop shopping experience for a variety of items. In order to maintain their supplies, they have to order materials from their suppliers. Wal-Mart is a store that prefers not to hold inventory but they also with to prevent backorders in their store (Atkinson, 2006). They accomplish this by replenishing stock only as needed. The computer system within Wal-Mart's cash registers retains a record of sales of products, and those products are ordered according from the main office. This causes suppliers to have to hold on to a greater amount of materials to meet the needs of Wal-Mart, but prevents Wal-mart from overstocking on products. The main office orders for both Wal-Mart and for Sam's club, so they have to maintain good relations with the suppliers and also make sure that the suppliers maintain a high level of standards for social and environmental needs. Wal-mart's suppliers come from both national levels and international levels, which leads to delivery methods for the supplies.Wal-mart uses multiple delivery systems for their products. From overseas, the supplies are shipped by both ship and air, and from national suppliers the supplies are shipped by trucks. In order for Wal-mart's inventory to them be shipped from the main supply storage area, the supplies are trucked to each individual Wal-mart and Sam's club nationwide depending on the needs of each individual store. Wal-mart also offers online shopping for customers, and the products may be delivered to the home via UPS or shipped to the store of the customer's choice to be picked up at the customer's convenience. Delivery of products takes a great deal of detailed planning for both the suppliers and the supply managers of the Wal-mart industry.In the financial year of 2001-02, the first-ranked company in the global Fortune 500 list was the U.S. based industry known as Wal-Mart, earning revenues of $219.81 billion, being one of the largest private sector employers in the world, with employee strength of approximately 1.28 million (Chandran, 2003). According to analysts, Wal-Mart was able to achieve a leadership status in the retail industry because of its efficient supply chain management practices, and as Captain Vernon L. Beatty, 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 better than Wal-Mart" (Chandran, 2003).Starting from the early 80's, there has been great...

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