Technology's Role In Wal Mart's Success Essay

839 words - 3 pages

TechnologyWal-Mart Stores, Inc. has continued to lead the retail industry year after year, and technology plays an important role in Wal-Mart's success. From the very beginning Sam Walton wanted to know what inventory was selling, what stock was not selling, and to what the customers purchased. This pioneer of the retail arena was an early adopter of technology that electronically linked stores with suppliers. By adopting cutting-edge technology to track shopper habits, and to buy and deliver goods more efficiently and cheaply to the consumer, their success is unrivaled. Wal-Mart suppliers are required to use mandated technology solutions, such as ASN (advance ship notice), Wal-Mart Barcode Reading, Barcode Scanning, Global Data Synchronization through 1Sync, and Wal-Mart RFID (radio frequency identification) technology (Wal-Mart RFID & Wal-Mart EDI Guide, 2007). Wal-Mart can instantaneously track the shipment, delivery, and ordering of every item it sells.Planning for the future has been a key to Wal-Mart Stores Inc.'s ability to stay on top. With the invention of the tracking and identification system, called Radio Frequency Identification (RFID), Wal-Mart Stores, Inc. has exerted control over their entire inventory and enables the workers to identify and locate merchandise more readily for the customers (Wal-Mart RFID & Wal-Mart EDI Guide, 2007). E-Commerce has increased the ease of purchasing for consumers. Wal-Mart Stores, Inc. has a web site that allows for the ease and convenience of purchasing almost every item in the store over the Internet.Sam Walton was a leader to be revered and admired. More than 20 years ago one of his subordinates proposed a $24-million investment to put a satellite network in place, in order to enable Sam Walton to keep in touch with his rapidly expanding business. At that time, Sam insisted on visiting every store personally. However, with the growing number of stores it was harder and harder to visit each store in person. Satellites would let him beam pep talks to his associates. The clincher for Mr. Walton was the satellite's ability to access company data. Satellites enabled him to monitor inventory, track a day's sales at any particular store, and track success and failure of new products.In 1987, Sam Walton addressed a video-camera in an old Wal-Mart warehouse, and the broadcast was beamed 22,300 miles and received at roughly 1,000 Wal-Mart stores. The world's biggest private satellite network gave Wal-Mart a huge informational advantage and the power to combine size with speed. Sales growth went through the roof. Continuing their technological upgrades, they had equipped 90% of their stores with barcode readers...

Find Another Essay On Technology's Role in Wal-Mart's Success

The Role of HR in Corporate Success: A Literature Review

1247 words - 5 pages Often when someone thinks of their human resource department it is assumed that HR is there is simply to process paperwork and do the things that supervisors and other management don't want to be bothered with. Though, as the authors in this review emphasize, the HR department actually plays a very active role in structuring an organization and leading it on to success. They contend that human resource management is becoming a critical point of

Evaluate the role of Leon Trotsky in Bolshevik success in the period 1917-1924

2334 words - 9 pages Leon Trotsky played a very significant role in the Bolshevik success in the period 1917-1924. According to A.J Koutsoukis , 'his contributions in the years 1917 to 1924 had been second, if not equal to that of Lenin himself. Trotsky played a significant role in establishing Bolshevik control in Russia. He was also very instrumental and one of the reasons for the Red Army winning the civil war. Trotsky was regarded by his supporters as the

Salman Rushdie's Views on Literature and its Vital Role in the Success of Mankind

665 words - 3 pages Salman Rushdie's Views on Literature and its Vital Role in the Success of Mankind Salman Rushdie, addresses the issue of literature and its vital role in the success of mankind. He uses many different reasons to persuade the reader that the art of literature, mediates between the material and spiritual worlds; thus, rising it's prominence to holy literature or rather above it. He states that literature is the least compromised and thus the

Evaluate the role of nationalism, as a contributing factor to Russia's success in the Great Patriotic War

572 words - 2 pages The role of nationalism was integral for Russia, in order for them to have success in the Great Patriotic War. If it wasn't for the "cult of personality" surrounding Stalin, Russia would have failed to gain support to fight off the German attacks.The German blitzkrieg, known as Operation Barbarossa, nearly succeeded in breaking the Soviet Union in the months that followed. Caught unprepared, the Soviet forces lost whole armies and vast

Evaluate the role of operations management in achieving international and global success, for a service (not product) based organisation of your choic

1384 words - 6 pages their own vehicle has been involved in an accident’ (The Times 100). When considering the continuous success of Enterprise Rent A Car over the years, it is only fair to give credit to the operation managers who implement the latest and most innovative concepts and ideas that the car rental industry has to offer. This paper will focus on the role of operations management at Enterprise Rent A Car and the international success of the franchise with

Control Mechanisms - Wal Mart - Team Paper

1210 words - 5 pages for business success. Wal-Mart is one of the top companies in the merchandizing industry striving for success world-wide. Implementing control mechanisms will help Wal-Mart reduce prices by understanding market controls domestically and globally; additionally, increasing its competitive edge. Since Wal-Mart's is a large organization, performance standards are consistently being evaluated to increase revenue. Consumers want organizations who

Wal-Mart - A Case Study in Managing Technical Transitions

4916 words - 20 pages offering aggregation of a wide variety of consumer goods in a single location, and selling those goods at the lowest prices.With respect to traditional operations, Wal-Mart continues to enjoy success. Despite the emergence of other bricks-and-mortar competitors such as Target, Wal-Mart's cost position and relationships with suppliers still differentiate it from the competition. It's value proposition continues to be successful, and it remains a

Walmart's Success

578 words - 2 pages There are several critical factors that have lead to Wal-Mart's impressive success through the years. To unveil (at least partly) the secret of its success, we must examine Wal-Mart's cost advantage relative to a more typical discount retailer. To do this we will study table A derived blow.Exhibit A: Wal-Mart vs. Industry Economics of Discounting Comparison in 1984 (% of net sales)Line ItemsWAL-MARTIndustry AverageNet Sales100%100%License fees

Wal-Mart Overview

1459 words - 6 pages branched out and created Supercenters and warehouse clubs, such as Sam's Club. Even with Wal-Mart's massive growth the store has never lost sight of its core value, which is customer service."Wal-Mart has been celebrated for its business innovations, which have set a new global standard for efficiency." (reclaimdemocracy.org; 2006) Technology has played a major role in this success. Wal-Mart consistently provides what the customer is looking for

Bohhh

3893 words - 16 pages serve their customers. The low wage, on one hand, allows the company to keep price low; on the other hand, it exposes the company to employee abuse issues and criticisms from interest groups.Technology integration. Technology integration is one of the primary focuses of the company because of its vital role in the company's success. Technology has helped integrate Wal-Mart's entire supply chain so that each stage of the value chain is very

Wal-mart and its market struct

602 words - 2 pages its doors to their first discount store in 1962, Sam Walton had no idea his business would take off like it has to this day. The reason for Wal-Mart's success has been their ability to create a basic structure for their very own business ecosystem. Wal-Mart came to the conclusion that if they offered a variety of well-known brands and sold them about 15% cheaper than other retailers, then this would make them a powerful force in the retail

Similar Essays

Case Study On Wal Mart's Poor Operating Performance In Germany With Respect To International Management

3555 words - 14 pages 1.0 IntroductionWal-Mart is a retailing company founded by Sam Walton and his brother in 1962 (Deresky, 2006). With its first store in Arkansas (Deresky, 2006), focusing "... on the small-town backwaters of America" (Slater, 2003, p.5), Wal-Mart has now grown into a billion-dollar international enterprise (Slater, 2003).However, being successful in the Mexican, Canadian, Argentinean and Brazilian markets (Deresky, 2006) did not help Wal-Mart's

"The Demise Of Wal Mart" Explains How Anthony Bianco In The Bully Of Bentonville Argues That Wal Mart's Business Model Will Fail In The Long Run

1231 words - 5 pages In this essay I will show how Anthony Bianco argues in the Bully of Bentonville that Wal-Mart's long-term business model is not sustainable because of the treatment of their workforce. I will also show that other factors that are attributing to their demise. Aside from the massive opposition they face when trying to enter into a new area, Wal-Mart's stock performance prior to the recession had been spiraling downward since 2000. Since the

Crucial Role Of Innovation In Competitive Success

2630 words - 11 pages Innovation has become widely recognized as a key to competitive success (Francis & Bessant, 2005). Scholars are mainly concerned with innovation because of the life requirements and the persistent desire for continuous change to be in accordance with individuals' needs and desires (Badawy, 1993). Developments in all aspects of life are attributed to innovation. Peter Ducker, one of the administration scholars, says that innovation is one of the

The Role Of Passion In Success And Failure Writing Essay

407 words - 2 pages Role of Passion in Success and Failure Quite often we hear that passion is what gives us the energy to keep moving forward. That if you want to be successful in life you should do something you are passionate about. It is true that passion is a critical component to success, but it is useless on its own and by itself, it is not enough. “Forget about passion when you’re planning your path to success” is what Scott Adams says about passion