Walmart is an American multinational retail corporation that runs chains
of large departments and warehouse stores.
The company was founded by Sam Walton in 1962.
As of July 31, 2019, Walmart has 11,389 stores and clubs in 27 countries Supply Chain Management (SCM)
Challenges faced by Walmart:
1. Manual processing of hundreds of purchase orders, invoices,
and billing information.
2. Walmart had to cater for additional warehouse space to
accommodate excess inventories.
3. Walmart had to track uprising amount of inbound
and outbound logistics Supply Chain Management (SCM)
Solutions adopted by Walmart:
1. Embraced new technology Electronic Data Interchange Supply Chain Management (SCM)
Solutions adopted by Walmart:
2. Use cross docking approach which helped in a. reducing excessive inventory by replenishing only when required b. reducing the need for additional warehouse costs c. reducing the transportation time d. improve overall efficiency of the supply chain Supply Chain Management (SCM)
Solutions adopted by Walmart:
3. Using RFID technology to: a. Identify and track inventory through the supply chain. b. allows for fast and easy real-time transfer of data stored on tags on a product. c. provide more details than a barcode tag about supplier details and so on.