Supply Chain Management of Wal-Mart Way Essay Example | Topics and Well Written Essays - 2250 words

Supply Chain Management of Wal-Mart Way - Essay Example From this discussion it is clear that in the highly competitive environment of global business, companies develop unique competencies to maintain strategic positioning within the industry. The various external paradigms and constantly changing environmental factors necessitate organizations to evolve new strategies and mechanisms to meet their challenges. Porter believes that doing business differently significantly helps companies to maintain leverage. Flexible approach to business strategies and plan hugely support organizational vision, mission and goals. Thus, strategies become critical element that promote creativity and provide them with competitive advantage. The paper would be analyzing and evaluating supply chain management of Wal-Mart US an effective tool of competitive advantage.This paper declares that  Wal-Mart was established by Sam Walton as a small grocery store in 1962 in Arkanas, US. It was soon expanded as chain of stores finally setting up as a supermarket chain . Its wide ranging product is designed to meet the various needs of household. It is focused on the changing needs of the customers and therefore strives for flexible approach in its strategies and plans. It started expansion across the globe from 1991 and today boasts of around 1.8 million associates or workers in nearly 7000 stores across the world. The company extensively relies on technology to enhance its operational efficiency that significantly helps its goals of ‘every day low price’ on its various products.... The company extensively relies on technology to enhance its operational efficiency that significantly helps its goals of ‘every day low price’ on its various products. As the largest retailer in the world, Wal-Mart has been creatively exploiting logistics and supply chain for its niche market position. The effective supply chain and logistics help coordinate the organization’s various linkages with the external agencies and promotes efficient receipt and delivery of goods and services. It has judiciously used advancing technology to improve its operation efficiency in supply and distribution of goods. Data collection method The relevant data has been collected through secondary sources found through literature review, company website and internet. Review on supply chain management Situation analysis Effective supply chain management hugely facilitates smooth flow of information, goods and services and financial transactions at different levels of operations. In th e current times, it is a critical element of competitive advantage because its main components like procurement, distribution, logistics and inventory are essential aspect of timely delivery of desired goods to the target segment. At the same time, they also help the companies to reduce cost of slow moving goods and meet the demands of products that are in high demand. The use of technology helps to evaluate and forecast demand and fill supply to meet the contingencies. The company has centralized its distribution system by creating ‘hubs’ or warehouses from where it dispatches all the goods to their respective customers/ retailers. The hubs are vital part of its effective supply chain as it also helps Wal-Mart to buy goods directly from the manufacturers. It therefore serves

Formative assignment - Organisational Culture Essay

Formative assignment - Organisational Culture - Essay Example The employees of the organization need to follow the rules and regulations in an effective way so as to maintain uniformity and evenness. Apart from this, the employees might try to present their inner ideas and information in front of all so as to enhance the quality of the product lines of the organization. Only then, the range of customers might get enhanced resulting in amplification of the entire turnover and net income of the organization (Empire Ltd) in this competitive market. Introduction The main aim of this report is to analyze and evaluate the importance of organizational culture. Other than this, the report also evaluates the ways by which human resources get influenced by culture of the organization. Side by side, the ways by which organizational socialisation is affected by the culture. To analyse all these crucial parts, the report is divided into five parts including literature review, data collection methods, finding and discussion along with a conclusion. Culture i s described as a sort of social glue that helps an individual to behave within an organization or society. Along with this, culture of an individual gets highly affected by the norms, beliefs, rules, regulations and attitudes attained from the ancestors. Due to which, the behaviour and thinking power of an individual widely varies from one individual to another. Thus, it might be stated that culture is a distinctive pattern of shared beliefs, values and norms that helps in shaping socialization, practices and rules of a specific group. However, it is the culture or attitude of an individual that helps in holding a group or community of individual together (Bratton & et. al. 2006, p. 234-267). Literature Review According to the author Bratton, organizational culture is described as a set of beliefs, values and assumptions that helps in the employees to tackle or handle any specific situation. It is the organizational culture that helps in enhancing the potential and devotion of the e mployees towards work. As a result, it helps in improving the performance of the employees thereby amplifying the total turnover and profit margin of the organization. Other than this, it also acts as a sense of certainty that helps an individual to deal or handle the challenging situations of the environment. Apart from this, organization culture also acts as a controlling mechanism that helps in presenting desired behaviour so as to maintain a uniformity and consistency within the concern. This might help an organization to retain its human resources for longer period of time resulting in improvement of its sustainability and competitiveness in the market among other rivals. Side by side, it also assists in maintaining a stable organization thereby fulfilling strategic goals and objectives. So, it is the organizational culture that helps an organization to expand its portfolio in the market among other competitors (Buchanan & Huczynski 2007, pp. 4-8). Hence, it might be depicted t hat organizational culture presents a sense of identity to the employees that enhances their willpower and dedication towards the responsibilities. Such type of organizational culture is also viewed within the organization of Empire Ltd and also among its employees. So, in spite of being such a small one, it holds a sustainable position in the market amo