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Global Supply Chain

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Submitted By willet37
Words 1097
Pages 5
Abstract
The supply chain is a concept resulting from multiple independent entities that affect each other. This paper will discuss about Wal-Mart supply chain it will provide the six component, problems and approaches to solve the problems. Wal-Mart is one of the major retail in the world (Walmart 2011). Wal-Mart is continuously developing its business by developing its services and product portfolio. The supply chain of Wal-Mart is also effective to enhance its effectiveness within the industry (Hoppenstedt & Rathkolb 2005).

Introduction
Wal-Mart is the largest multinational company in the retail industry (Cullen and Parboteeah, 2008). Wal-Mart retail store was started by Mr. Sam Walton in 1945. Mr. Walton began his career as J. C. Penny management trainee. In infancy of the Wal-Mart store Mr. Walton leased a Ben Franklin franchised in Arkansas, United States of America. He kept on struggling in retail industry and by the year 1962 he owned the store under the name of Walton 5 & 7. In the same year he with assistance of his brother James opened the first Wal-Mart Discount city in Rogers, Arkansas. In 1970 Wal-Mart went for public offering at the time when its sales were scoring at $44 million and had 18 stores under its umbrella in small and medium sized towns. It grew to 276 Wal-Mart stores by the year 1980.
Components of Supply chain Management
According to the definition Supply chain is a network that is used in business concern to sustain the exact flow of information in the organization (Jespersen & Larsen 2011). Following are the six key components of the Wal-Mart’s supply chain:
Production
Production is one of the important element of the supply chain of Wal-Mart. Strategic decisions of Wal-Mart regarding production focuses on customer needs, demand from market, capacity, quality and volume of goods (Wal-Mart 2011). There are some problems that

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