Business Finance – Operations Management LOGISTICS

by | Mar 19, 2023 | Supply Chain

Provide ONE 2-3 page paper addressing both of the following topics.

· How does Walmart leverage their value chain and innovation cycles from conceptualization, technical feasibility, design specification, materials sourcing and product marketing, and implementation? How does Walmart gain strength in their distribution, warehousing, and inventory management while taking into consideration the economic impact? (LG450).

· Does Walmart have International carrier operations and/or sourcing strategies for import, export and distribution of materials and finished goods? Where are Walmart’s Facility locations…and why? What are Walmart’s stakeholder roles in supply chain management? (LG460).

Sample Solution

Walmart leverages their value chain and innovation cycles in many different ways to gain strength in their distribution, warehousing, and inventory management while considering the economic impact. Walmart’s main goal is to ensure that products are sourced efficiently and cost-effectively so they can offer customers lower prices. To achieve this goal, their operations span from conceptualization to technical feasibility, design specification, materials sourcing and product marketing, implementation of production processes as well as facility maintenance through aftermarket services.

Sample Solution

Walmart leverages their value chain and innovation cycles in many different ways to gain strength in their distribution, warehousing, and inventory management while considering the economic impact. Walmart’s main goal is to ensure that products are sourced efficiently and cost-effectively so they can offer customers lower prices. To achieve this goal, their operations span from conceptualization to technical feasibility, design specification, materials sourcing and product marketing, implementation of production processes as well as facility maintenance through aftermarket services.

When it comes to conceptualizing new ideas or solutions with innovative technologies such as artificial intelligence (AI), machine learning (ML) or predictive analytics – Walmart seeks out partners who can provide them with the most cutting-edge solutions at competitive prices. They also consider other aspects such as customer service levels when selecting strategic partners for key projects. All these decisions are based on a framework which weighs total value against risk & cost prioritizes elements that have the highest potential ROI (Return on Investment).

With regards to materials sourcing & product marketing – Walmart works closely with vendors & suppliers across multiple industries including fashion apparel, electronics/consumer goods etc in order to optimize its supply chain operations. This allows them access to reliable sources of quality supplies at reasonable rates which in turn helps them keep costs low so they can remain competitively priced within all markets they serve both domestically as well as globally.

In terms of international carrier operations – Walmart has logistics hubs located around the world where they coordinate import/export activities with their global network of carriers & freight forwarders in order to meet customer demand quickly without compromising on quality standards or incurring excessive costs due delays associated with shipment transits etc. As far stakeholders’ roles go when it comes managing supply chains – Walmart typically depends upon third party consultation firms for advice on how best leverage available resources while meeting desired performance metrics during every step of operations from conception until final delivery.

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