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Walmart case 2024 Questions and Answers Rated A+
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Exam of 2 pages for the course Walmart at Walmart (Walmart case 2024)
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Walmart case 2024Supply Chain Management - answer modern term which encompasses elements of
Logistics, Operations and Marketing. It includes collaboration with suppliers and
customers, and all elements of strategy and tactics regarding sourcing, procurement
and distribution.
4 Ps - answer Product, price, promotion and place
Operations Management - answer Transforms inputs into outputs; focuses on internal
processes, such as manufacturing
Logistics - answer Manages inbound and outbound flow of materials
Supply chain management - answer encompasses the planning and management of all
activities involved in sourcing and procurement, conversion, and all logistics
management activities. Importantly, it also includes coordination and collaboration with
channel partners, which can be suppliers, intermediaries, third party service providers,
and customers. In essence, supply chain management integrates supply and demand
management within and across companies
Supply Chain Management - answerstrategic business function
can create value
key to creating competitive advantage for many companies
Anyone producing or selling a product or service must have an effective and efficient
supply chain. Many businesses fail because of supply chain problems.
Companies with innovative and "best practices" supply chains - answerWal-Mart,
Target, Nordstroms
Toyota, Honda
Lowe's, Home Depot
Dell, Best Buy
Amazon
Netflix
Wal-Mart's key strategies and decisions in
the supply chain area - answer- Disintermediation
- Close monitoring of stores
- Technology innovations
- Locating stores close to DCs
- Partnerships and sharing info with suppliers
- Bargaining clout with suppliers
- Efficient private trucking operation
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