Supply Chain Management As The Building Block Of Walmart

Have you ever wondered about the constant supply of the materials when you visit a multi utility store?  Have you not ever thought that how come they never fall short of something? And the vastness of the store, how is that maintained on a regular basis?

If these are questions some of the things that you might be pondering over then the answer is short enough.

Supply chain management is a process by which the business manages its flow. From the raw material and its storage to work implemented till the finished goods which leads to the consumption of the good by the consumers, the entire chain is handled by such a management team. The team works with such efficiency that the customer satisfaction is reached to the utmost level with huge profitability of the owner.

One such living example would be the work structure of Walmart. When you visit Walmart, the world’s largest company by revenue, you will witness one of the greatest logistical and operational functionality in history. The entire credit is given to the supply chain management of the company which enables the business strategy of driving cost out of such chains which also gives certain opportunities to the customers to save money and strive better.

Few analysis based on the supply chain management by Walmart
The company has shifted from being regional retailer to a global powerhouse, and this transaction took a whole some of 10 years to place itself. The transition has been so powerful that Walmart became the most powerful retailer in this time with highest sales per square meter and gaining profit b operating discounts in the retailing market.

Walmart has its synonymous supply chain profitability even in its early years. The owner Sam Walton was once the holder of the Ben Franklin franchise stores before opening a store of Walmart, he then used to pick and choose items which he purchased in bulk and transported into his stores directly.

Hence, making the owner of Walmart as one of the top 5 richest man in the world has boosted up the significance of the Supply Chain Management in the corporate world.