...Wal-Mart Organizing Paper MGT/330 Management Theory, Practice, and Application Wal-Mart Organizing Paper In the organizing functions of management it takes a familiarity of being able to put various systems together to work as one; these systems include knowledge, human resources, financials, and physical assets. All the systems are allocated to be able to reach any and all objectives possible for any company looking to succeed in any type of business. Knowledge is an aspect of organizing functions of management that requires not only acquiring but gathering as much information as possible, it also means that after getting the information the company must be able to correctly use the information. Technology on the other hand, as an organization function of management is of the utmost importance in this era of advanced technology where companies are storing information gathered, as well as their own personal information. Wal-Mart as an enterprise has used both knowledge and technology to help develop its business as one of the most important and well known business, proof of its viability Wal-Mart has over 3815 stores nationwide (Wal-Mart, 2011). Wal-Mart has created a structure that has brought much success to the organization. Knowledge as an organization function of management Wal-Mart has incorporated knowledge as a main focus to be able to grow. One way that Wal-Mart has used knowledge to its benefit is by knowing that firms nowadays increasing use of ethnical...
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...INTRODUCTION Wal-Mart Stores, Inc. branded as Wal-Mart, is an American multinational retailer corporation that runs chains of large discount department stores and warehouse stores. Wal-Mart is a retail giant. This company is the third largest public corporation in the world. Website link to the selected company, www.wallmart.com Background: Sam Walton, a businessman from Arkansas, began his retail career when he started work on June 3, 1940, at a J. C. Penney store in Des Moines, Iowa where he remained for 18 months. In 1945, he met Butler Brothers, a regional retailer that owned a chain of variety stores called Ben Franklin and that offered him one in Newport, Arkansas [1]. Walton was extremely successful in running the store in Newport, far exceeding expectations [2] .However, when the lease came up for renewal, Walton could neither come to agreement on the existing store's lease renewal nor find a new location in Newport. Instead, he opened a new Ben Franklin franchise in Bentonville, Arkansas, but called it "Walton's Five and Dime." There, he achieved higher sales volume by marking up slightly less than most competitors [3]. On July 2, 1962, Walton opened the first Wal-Mart Discount City store located at 719 Walnut Ave. in Rogers, Arkansas. The building is now occupied by a hardware store and an antique mall. Within five years, the company expanded to 24 stores across Arkansas and reached $12.6 million in sales [4]. In 1968, it opened its first stores outside...
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...Wal-Mart- A Case Study of MIS Strategy Walden University Wal-Mart – A Case Study of MIS Strategy Management information system is all about people using technology to work with information as they support the organization in its quest for a competitive advantage (Haag & Cummings, 2008, p. 29). Researchers and authors have discussed management information systems and technology over the decades. The concepts of competitive advantage, technology, outsourcing etc. have been theorized, yet discussion on the subject matter continues. While MIS strategy formulation has seen advancement, organizations are evolving and constantly changing their operating models. An example of such organization is Wal-Mart, the global retail giant. This research seeks to pin-point Wal-Mart’s key management information system strategy, while providing a deeper understanding of the organization’s management information systems strategy and its impacts. Further it aims to investigate knowledge management, e-commerce strategy, and the impact of database management which are aspects that can be incorporated into the MIS strategy formulation. To achieve this objective the literature survey was conducted to explore available published papers in the sphere of IS/IT strategy formulation. Considering that the applicability of information systems and technology is mission critical, the research design focused on the qualitative approach. The primary method of data collection was through semi-structured...
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...Managerial Application of Information Technology The purpose of this paper is to discuss the managerial application of information technology. In this paper, information technology has been discussed with respect to the problems faced by an organization. The organization that has been chosen for the analysis of information technology is Wal-Mart. Wal-mart Wal-Mart is operating in as many as 10 countries outside the United States. Asian market has provided Wal-Mart with diverse opportunities. The company has already started its operations in Japan, Korea, and China. In the European Market, Wal-Mart has started its operations in British and German market. In addition, the company is also operating in Mexico, United States, Canada, and Puerto Rico (Lohr, pp. 10). Wal-Mart has operated successfully in the United States market. The aggressive supply chain strategy of Wal-Mart i.e. ‘pile it high and sell it cheap’ has not worked successfully in all foreign markets (Cassidy, pp. 6). The differences in market conditions and consumer preferences had a significant impact on the expansion plans of Wal-Mart. The structure of European markets differs from that of North American markets. The productivity of European markets is less than that of North American markets (Freeman et al, pp 486). The differences in market-structure have influenced the success of Wal-Mart operations in different countries. German market has been characterized with an oligopolistic structure. The German...
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...Title: Wal-Mart’s Purchasing Process To: Dr. Franklin Mitchell From: Mark Bieker Class: Class: AC 550 Accounting Information Systems Date: October 10, 2011 Introduction Wal-Mart was founded by Sam Walton in 1962 with the first Wal-Mart discount store opening in Rogers, Arkansas. The company was officially incorporated as Wal-Mart Stores Inc. on October 31, 1969. Currently, Wal-Mart has stores in 50 states in America and 15 countries worldwide, including Argentina, Brazil, Canada, Chile, Costa Rica, El Salvador, Guatemala, Honduras, India, Japan, Mexico, Nicaragua, Puerto Rico, and the United Kingdom. The growth of Wal-Mart over a period of 49 years is remarkable and has lead Wal-Mart to become the biggest retailer in the world. Wal-Mart also has a strong community presence in the areas the stores are located. Wal-Mart’s purpose is to save people money and to help them live better. In 2007, Wal-Mart changed its slogan from “Always low prices” to “Save money. Live better.” This slogan is demonstrated in the products that Wal-Mart sells. Wal-Mart will not be undersold. Wal-Mart caters to the low income and middle income people by offering goods at low prices. These low prices are demonstrated in the products Wal-Mart sells. The products include: food, drink, clothing, jewelry, electronics, automobile supplies, sporting goods, toys, and furniture. Basically, Wal-Mart offers customers a one stop shopping experience. In order to provide this variety of...
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...[pic]东北财经大学本科生论文形式课程考试 成绩评定单 (Essay Cover of Non-Paper Exam, DUFE) 论文题目(Title)Successful supply chain management of Wal-Mart 学生姓名(Student Name)Jasson 学 号(Student Number) 2013212082 专 业(Programme)Business Management年 级(Level) Sophomore 课程名称(Module Name) 课 程 号(Module Number) 论文成绩(Score) |论文评语：(Comments)—— | | | | | | | | | | | | | | | |任课教师签字： | |(Signature) ...
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...Student Copy This is to acknowledge receipt of the assignment from the following student: Student Name | Module No.: 205KM(Submission date & SCOPE stamp) | Programme Title & Programme Code: PROGRAMME - BSC (Hons) Business Information Technology | | SCOPE ID Numbers (from your SCOPE student card) | | Lecturer: | Tutorial group: | Module Code and Title:205KM Management and Organisational Behaviour | Due Date: 20 Dec 2013 (Fri) 5:00 pm 1. Hand in one hardcopy to SCOPE Reception Counter at Academic Exchange Building (AEB)2. Upload a softcopy to Turnitin "205KM-Assign2"(no need to print the Turnitin report) | Assignment No. / TitleReport#2 | Extension & late submissions allowed: | Coursework cover sheet – be sure to keep a copy of all work submitted Coventry University Have you attached the cover page information on page 1 to 4 including the “Marking Scheme” together with this assignment? ___Yes ___No Section A – To be completed by the student – PLEASE PRINT CLEARLY & IN SINGLE PAGE Student Name | Module No.: 205KM(Submission date & SCOPE stamp) | Programme Title & Programme Code: : PROGRAMME - BSC (Hons) Business Information Technology | | SCOPE ID Numbers (from your SCOPE student card): | | | | Lecturer: | Tutorial group: | Module Code and Title:205KM Management & Organisational Behaviour | Due Date: 20 Dec 2013 (Fri) 5:00 pm 1. Hand in one hardcopy to SCOPE...
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...P E S INSTITUTE OF TECHNOLOGY BANASHANKARI 3RD STAGE BANGALORE. Term paper submission on “SUPPLY CHAIN MANAGEMENT AT WALL-MART” -SUBMITTED BY SUJAY C 1PB12MBA51 INDEX S.NO DESCRIPTION 1. INTRODUCTION TO SUPPLY CHAIN MANAGEMENT 2. LEVELS OF SUPPLY CHAIN MANAGEMENT 3. HISTORY-WALMART 4. WAL-MART INTRODUCTION AND ITS BUSINESS PROCESSES 5. SUPPLY CHAIN MANGEMENT AT WAL-MART 6. PROCUREMENT AND DISTRIBUTION 7. LOGISTICS MANAGEMENT 8. INVENTORY MANAGEMENT 9. COMPETITIVE ADVANTAGE AND BUSINESS MODELS USED AT WAL-MART 10. RFID IN WAL-MART 11. EFFICENCY IN SUPPLY CHAIN WITH RFID 12. CONCLUSION Introduction to Supply Chain Management Supply Chain Management is the discipline which encompasses the end to end business activities carried out in any business, independent of the manufacturing or service sectors. It is the synchronization of a network of facilities and distribution options that performs procurement of materials, processing the materials into finished products, and distribution of the products to customers. SCM is seen as involving five fundamental processes. These include planning, sourcing, making, delivering, and returning. Typical supply chain showing interrelations...
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...University of Ballarat Melbourne institute of technology Assignment- II Group Assignment Code: ITECH6503 Name: MIS Tutor: Mr. Barry Atkinson &, Mr Mazhar hussain From: Gaurav uppal (ub2760870) Mandeep singh (ub2783354) Salman ashraf (ub2760316) Acknowledgement We express our deep sense of gratitude and thanks to lecturer as well as tutor who helped us widely in assignment preparation. We feel advantage that lecture notes provided by our lecturer they helped us a lot to complete our assignment. We kindly oblige to tutor Mr. Barry Atkinson &, Mr. Mazhar hussain for giving us all the knowledge and help which has been of a big importance for us to complete this assignment. During the preparation of this assignment we were having problems in making it but our lecturer and tutor helped us lot and we are able to complete it in time. Table of content Executive summary: 4 Overview of the organization: 6 Issue analysis: 8 Chosen information systems: 9 A)Decision support system 9 B) Customer relationship management information 9 C) The Radio Frequency Identification (RFID) System: 9 Detailed Analysis of Wal-Mart’s Supports system: 10 Organizational...
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...Improving Inventory Management Process at Wal-Mart Stores David Ibeawuchi IS535: Managerial Applications of Information Technology Dale Reynolds January 17, 2012 Table of Contents 1.0 Introduction 2.0 Problem Statement 3.0 Approach 4.0 Methodology 5.0 Benefits 6.0 Audience 7.0 Milestone 1 8.0 Milestone 2 9.0 Milestone3 10.0 Conclusion 11.0 References 1.0 Introduction In today’s business environment, companies need to have and maintain a competitive edge. Some do have it and others are still searching for something that will enable their company to stay ahead of the competition. “A competitive edge is the ability of an organization to produce goods and services more effectively than its competitors, thereby outperforming them. This means that the company must stay ahead of its competitors in four areas: being responsive to customers, innovation, quality, and efficiency” (http://wikianswers.com/Q/What_is_the_definition_of_competitive_edge). Wal-Mart employs a mix of different innovative technologies to stay ahead of its competitors. This has enabled the company to become the recognized leader in the retail industry. This paper will provide an insight on how Wal-Mart is utilizing technology to enhance its inventory management system. 2.0 Problem The traditional method of managing inventory at Wal-Mart was by using bar codes and scanners. The bar codes represent a product identification...
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...Technology & Innovations Sam Walton first started out with very little understanding of computers and software better yet a business. However, with the lack of knowledge that Walton did not have didn’t stop him one bit in building his dream company. Walton began building his company into a global leader of technology that it will soon become (Wail gum, T. 2007) Wal-Mart first opened the doors in 1962 in Roger Arkansas and that’s where Walton’s technology began to take off. The company officially incorporated as Wal-Mart Stores Inc. on October 31, 1969. By 1975, Walton had more than 125 stores and mass computers to control huge inventory and company information. Wal-Mart began putting registers in stores to better ensure the track of inventory for all of the companies that Walton owned. Now long after the store began using registers Walton came up with the ideal to use bar – codes on all products that are sold in Wal-Mart to follow the inventory and ensure that each product will be re-ordered as the products run low in the stores. By 1987 Wal-Mart had extended to the world’s largest private communication system in the United States (Wail gum, T., 2007). This communication linked all the Wal-Mart stores back to the central headquarters in Bentonville Arkansas to store all of the company information. Having this communication link in place it would ensure a better track of inventory and profits of all locations of Wal-Mart. Walton wanted to ensure that everyone received...
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...of Contents Introduction2 Wal-Mart’s resources2 Tangible resources2 Intangible resources3 Human resource3 Wal-Mart’s capabilities4 Distribution4 Corporate function4 Operation4 Management Information4 Marketing5 Competitive advantages5 Knowledge management5 Distribution network5 Relationships strategy with suppliers and associates6 Financial management6 International operation6 Conclusion7 References list7 Introduction This project will analyze resources and capabilities of Wal-Mart and the linkage between two strands. According to Wal-Mart’s case, it can be divided Wal-Mart’s resources into three main types of resource: tangible, intangible, and human resources. Moreover, thanks to its resources, Wal-Mart’s capabilities comprises of distribution, operation, management information, marketing, and corporate function. If linkage between resources and capabilities can be indicated and understood, it enables Wal-Mart to produce many competitive advantages: knowledge management, distribution network, partnerships, and financial management. Through those advantages, Wal-Mart creates some strategies for the growth of its operation line within United State or extending over the world. Wal-Mart’s resources Tangible resources In terms of financial resources, the company has established in discount retailing format and become the largest and most profitable retailer in the world. It has been developing rapidly, as result; Wal-Mart produces much profit to reinvest...
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...Wal-Mart Business Analysis Part 2 Dr. Kenneth Edick Wal-Mart Business Analysis Part 2 This paper compares Wal-Mart’s financial health to its competitors such as Target and K-Mart, which are also designed in retail multi-shopping department stores. Further review will detail how Wal-Mart’s rates in comparison of profitability through its income statement, balance sheet, and cash flow in relationship to Target and K-Mart. Upon examination, this information will illustrate the future perspective success of Wal-Mart and determine areas of improvement such as sales, operating income, return on investments, liabilities, and cash flow. Further information will identify the processes that Wal-Mart has designated to comply with the Security Exchange Commission (SEC) regulations. Detailed evaluations will specify Wal-Mart’s financial performance and the principal tools of benchmarking analyses that differentiates Wal-Mart’s position in best practices, operational processes and procedures in the domestic and global markets as well as the technology advantages in relationship to Target and K-Mart (University of Phoenix, 2011). Financial Statements Wal-Mart implemented a new financial system, which reflects the retail method of accounting for inventory. This procedure affects the operating income and the consolidated net income for all comparable periods. Wal-Mart reclassified expense and revenue items within these statements of income for the purpose of reporting. However, the...
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... in Roger, Arkansas, Sam Walton had this brilliant idea that American consumers needed a different type of store so he opened Wal-Mart on the other hand in the same year, Dayton Hudson corporation opened “The first Target store in 1962 in the Minneapolis suburb of Roseville, Minn., with a focus on convenient shopping at competitive discount prices. Today, Target remains committed to providing a one-stop shopping experience for guests by delivering differentiated merchandise and outstanding value with its Expect More. Target currently is the second largest general merchandise retailer in America, with Target.com consistently being banked as one of the most-visited retail Web sites. Organizational Structure is a way that an organization arranges people and jobs so that it can be executed and its goals and objectives can be met. Wal-Mart was constructed into a three product divisional structure. The successful world retailer’s business categories include Wal-Mart Stores, Sam's Club, and International stores. Wal-Mart was built on three beliefs such as great customer service, striving for excellence, and respecting other individual. Like Wal-Mart, Target also strives on customer satisfaction. Targets objective is to make themselves the preferred shopping destination for their guests by giving them vale, innovation, and an outstanding experience. Wal-Mart and Target, being the two largest retail stores in the U.S., are focused on providing their customers with great products and...
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...Memorandum RE: Wal-mart Case Study DATE: April 15, 2013 ******** The key source of Wal-Mart’s success through 1994 was their ability to optimize and be innovative in the area of technology. Wal-Mart not only exceeded their competitors in the amount they invested in technology - which was over $700 million from 1987 to 1994 - but was also well ahead of their competitors in the use of technology to reduce expenses. Through the use of technology, Wal-Mart was able to manage their company’s inventories more efficiently within their warehouses while also enabling them to utilize the assets of their suppliers. Wal-Mart’s inventory and sales data were tracked via UPC codes. This “tracking technology” allowed them to ensure accurate pricing, improve efficiency by the utilization of shelf pricing versus price tags (which was still being used by their competitors), along with the ability to identify inventory that was stolen from one store and attempted to be returned to another. With this cutting edge technology, combined with the installation of a satellite system, Wal-Mart had greater communication between stores, improving inventory control, resulting in reduced overstocks and inventory shrinkage, while allowing them to also track the daily results across all of their stores. Wal-Mart’s distribution network also benefitted from the investment in this satellite system. For example, when a consumer purchased an item such as a bottle of Just for Men’s Gray-in...
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