Professional Documents
Culture Documents
Batch: PGDMBM6CM
2. Cross-Docking:
Cross-docking is a strategy used by Walmart to lower
the cost of inventory keeping and enhance order
fulfilment. Cross-docking eliminates the requirement
for inventory storage by transporting goods directly
from inbound trucks to departing trucks. This enables
Walmart to move products through its supply chain
swiftly and effectively, cutting down on lead times
and enhancing customer service.
3. RFID Technology:
Walmart tracks inventories in real time using RFID
technology. Products have RFID tags affixed to
them, which are read by scanners as they move
through the supply chain. Consequently, Walmart
can quickly locate and restock inventory as needed,
lowering out-of-stocks and raising customer
satisfaction.
4. Last-Mile Delivery:
Walmart has made significant investments in last-mile delivery operations to speed up
deliveries and lower costs. This involves collaborating with outside logistics companies and
utilising driverless delivery trucks. Walmart can give customers quicker and more dependable
delivery alternatives and enhance their overall shopping experience by enhancing last-mile
delivery.
5. Data Analytics:
Walmart uses cutting-edge data analytics to improve the efficiency of its supply chain. To
estimate demand, optimise inventory levels, and cut costs, the corporation uses data from a
variety of sources, including sales, inventory, and logistics data. Walmart can swiftly
recognise and respond to changes in customer demand thanks to its data analytics skills,
which also helps the company shorten lead times and provide better customer service.
Overall, these programmes have assisted Walmart in creating a responsive supply chain that
is better able to accommodate client preferences and needs. Walmart has been able to lower
costs, speed up delivery times, and increase customer happiness through utilising technology,
data analytics, and operational changes.
2. Data Analytics
The use of data analytics in supply chain management is becoming crucial. In order to
analyse customer data and spot trends in consumer behaviour, Kroger has made significant
investments in data analytics. Kroger can optimise its inventory levels and decrease stockouts
by applying data analytics. With the help of its data analytics capabilities, Kroger is also able
to better understand customer
demand and tailor its supply chain to
it.
3. Vendor-Managed
Inventory (VMI)
4. Continuous Improvement
As part of a supply chain management technique known as "continuous improvement,"
procedures are continually improved in order to cut waste and boost productivity. By
identifying opportunities for improvement in its supply chain using the Lean Six Sigma
approach, Kroger has put this effort into action. Kroger can shorten lead times and boost the
efficiency of its entire supply chain by continually upgrading its operations.
5. Transportation Optimization
A programme in the supply chain called "transport optimisation" aims to make the flow of
goods between suppliers, warehouses, and retail locations as efficient as possible. Utilising
route optimisation software, Kroger has put this initiative into action to lower transportation
costs and accelerate delivery times. Kroger can lower its carbon footprint and enhance the
performance of its whole supply chain by optimising its transportation network.
To create a responsive supply chain, The Kroger Company has implemented a number of
initiatives, including vendor-managed inventory, continuous improvement, data analytics,
collaborative planning, forecasting, and replenishment. Kroger can better control its
inventory levels, shorten lead times, and streamline its supply chain to meet customer
demand thanks to these initiatives.
Tesla has been able to control the whole supply chain and gain a significant competitive
advantage by vertically integrating its operations. The business's ability to lower expenses,
enhance quality control, and streamline operations has helped it quickly increase its market
share in the electric car sector.
Application of Cross Docking methodologies at Coca-Cola:
Cross-docking is a method used by global beverage company Coca-Cola to move its products
swiftly and effectively through its supply chain. The following are some examples of how
Coca-Cola uses cross-docking methodologies:
Inbound Cross-Docking :
Coca-Cola receives raw commodities like sugar, water, and packaging components using
inbound cross-docking. These goods are delivered to the manufacturing plant by outbound
trucks as soon as they are received at the cross-docking facility. This cuts down on the
amount of time spent in inventory and lowers handling expenses.
Outbound Cross-Docking:
Coca-Cola transports its finished goods through outbound cross-docking from manufacturing
facilities to distribution hubs and finally to retail outlets. As soon as the goods are received at
the cross-docking facility, they are sorted, and then they are immediately moved to outgoing
trucks to be delivered to their final location. As a result, Coca-Cola can move goods through
its supply chain more rapidly, lower inventory, and work more effectively.
Cross-Docking Technology
Coca-Cola optimises its cross-docking operations with technology. At its cross-docking
facilities, for instance, the business tracks and sorts products using barcode scanners and
RFID technology. This increases productivity and lowers handling costs for Coca-Cola by
enabling swift product identification and transportation to their intended location.
In general, Coca-Cola uses cross-docking as a crucial logistics tactic to lower expenses, boost
effectiveness, and quicken the supply chain. Coca-Cola is able to move its products through
its supply chain swiftly and effectively to fulfil customer demand by utilising incoming and
outbound cross-docking and employing technology to optimise its operations.
Coca-Cola
Role of Negotiation skills in FMCG for developing buyer–seller
relationship.
Negotiation abilities are essential for distributors of FMCG companies like Parle to develop
and sustain buyer-seller partnerships. Here are some ways that negotiation abilities are crucial
in this situation specifically:
Price Negotiations:
To make sure that Parle products are priced competitively on the market, distributors must
bargain with retailers and wholesalers. To ensure that the transaction benefits all sides,
having strong negotiating abilities can help us achieve the best terms and margins.
Product Placement:
When negotiating for shelf space for Parle products, negotiation skills are also crucial. To
guarantee that Parle items are prominently displayed, which can boost sales and develop
brand recognition, Distributor might need to bargain with shops.
Marketing and Promotions:
Parle may provide marketing and promotional activities to retailers to raise brand recognition
and boost sales. To ensure that all parties gain from the campaign, negotiation and strong
communication skills are required.
Inventory Management
We must successfully manage our Parle product inventory if we are a distributor. To avoid
having unsold inventory, this may entail negotiating with retailers to ensure that they order
the proper quantities.
As a Parle distributor, developing and maintaining buyer-seller partnerships requires effective
bargaining abilities. Effective inventory management, securing the best discounts, securing
product placement, negotiating marketing and promotions, and securing the greatest deals all
depend on your ability to negotiate. In order to make sure that both parties profit from the
transaction, which can result in a successful long-term collaboration, effective
communication and negotiation skills are essential.