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Week 5 Eco 365

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Wal-Mart has established itself as the leading retail conglomerate worldwide. With the inception of the first store on July 2, 1962, Sam Walton’s vision of a one stop retail experience endures as a perennial success few companies may experience nationally or internationally. Their elaborate detailed systems coupled with knowledge of supply and demand set the benchmark for many companies to emulate. The research will address pricing, production, global competition as well as their ability to maximize profits. Wal-Mart’s continual promotion and marketing techniques to the public announce their sustainability and the leader in low price competition. In any locations the price difference is not that significant in comparison to other outlets; however, Wal-Mart’s ability to decrease prices with many popular household goods sets them apart. They have incorporated aspects of the distribution process, thus eliminating outside entities and lowering costs. Other capacities include delivery systems, global supply chain practices, and the ability to supply and amass substantial goods and services. When we evaluate suppliers, we are looking for industry expertise and insight, along with the capability to deliver to a company of our size. This means we seek suppliers who are focused on helping deliver our value statement along with product quality, competitive cost and superior service, who understand our business model, have a solid foundation for capacity, and financial stability ("Walmart Corporate - Supplier Diversity", 2012). The competitive advantage remains evident from the predictable sales patterns of consumers and the incorporation from

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