Table of Contents
Introduction
Wal-Mart is an American based international Retailing Corporation, which functions as a chain of discount department stores, hypermarkets, and grocery stores. It’s headquartered in Bentonville, Arkansas. The brand was founded in1962 and incorporated 1969. As of 2017, January 31, the company had a total of 11,695 clubs and stores in 28 countries, which operate under a total of sixty-three banners (Walmart, 2017). The company stock products that are made in nearly 70 countries and manages an inventory of $32 billion. Some of the countries that the companies operate outlets include United States, Canada, and Japan, Mexico, Brazil, Argentina and the United Kingdom. Wal-Mart constitutes the world’s leading organization by revenue, which is currently approximately $481.32 billion as at the year 2017. It forms one of the world’s valuable enterprises by market value and is the most prominent grocery retailer throughout the United States (Walmart, 2017). The company is appreciated because of its high-level knowledge in the supply chain, decision making, infrastructure and sufficient resources to support emergency and recovery. Such a sophisticated system requires efficient and proficient supply chain management approach. Walmart uniquely executes supply chain strategy by valuing both clients and the suppliers. Correspondingly, the company maintains a good relationship with their clients that has deep roots in the bible. While the business has been successful in selling products to the client at lower prices, some issues arise regarding foreign sourcing of products. However, the company has the robust business model that is not only ethical but enduring and reliable. Correspondingly, the strategy taken to respond to the raised concerns will lead to a long-term solution. This research seeks to review Wal-Mart’s supply chain execution and explain competitive advantage and profitability strategy. Moreover, the research seeks to evaluate the relationship with suppliers and foreign sourcing of products through biblical, ethical and economic perspective.
Supply Chain Execution
The company has become a reference point as far as successful management of supply chain is concerned. According to Morschett et al., (2015) The organization management commits the organization to a comprehensive business model aimed at reducing costs in the supply chains to enable customers to not only save money but access quality goods. The brand retains a chain of smaller stores positioned in many neighborhoods, a revolutionary move that has enabled the company to reach many people including clients with lower purchasing power. The neighborhood stores carry similar prices for similar products giving them a competitive advantage (Walmart, 2017). The stores also sell the wide variety of products to its diverse clients, who value their useful surfaces and affordable products. Neighborhood Market stores are slowly expanding with the aim of filling the gaps between Discount Stores and Wal-Mart Supercenters to capture every corner of the existing markets.
Mastery of the chain store strategies has enabled the company to achieve significant market share. For instance, the company has the prevalent supermarket chain in Brazil, has the most extensive grocer in Chile, and has a total of 2,411 stores in Mexico, the most substantial investment outside the United States (Walmart, 2017). Wal-Mart is one of the most efficient brands committed to improving customer service, lowering costs, and improving operations (Gattorna, 2016). The fundamental to retailer breakthrough of Wal-Mart Company is based on its success and innate drive to not only reduces the cost of products in its supply chain but to manage the supply efficiently. The company is driven by the revolutionary company philosophy, The Wal-Mart Way that positions the brand at the competitive edge regarding distribution, technology, logistics, and transportation among other facets. The Wal-Mart business model would crumble if it were not for its advanced technology, efficiency controls and well-structured management (Thomas et al., 2013).
The company’s business model endeavor to reduce the cost of transport, logistics, purchases among others. These adjustments enable the company sells its products at the lowest price possible. The brand small and large-scale suppliers easily break even and make the profit because the manufactured products easily get the market. Moreover, Wal-Mart’s maintains well-organized communication, through active channels. The information regarding the needs of the clients and quality of the products is highly regarded. Accordingly, the manufactured products have ready buyers because they are of higher quality. The company has adequate strategies for both internal and external operations. The company serves over 175 million clients a week, one of the largest customer bases in the country and the region (Statista, 2017). The client benefits significantly with one of the lowest prices offered for products and thus making them save the considerable amount of money each time they make purchases from the company’s numerous stores. Wal-Mart’s clients, approximately 175 million per week, save thousands of dollars buying at low prices.
Explanation of competitive advantage and profitability strategy
Everything in Wal-Mart is well orchestrated to deliver the best outcome. According to Gattorna (2016), Wal-Mart started by providing consumers with the goods they desired wherever and whenever they wanted. Later, the brand concentrated on developing reliable cost structures that made it possible for it to offer products at low prices. Finally, Wal-Mart initiated the process of developing a highly structured, organized and progressive supply chain management approach aimed at enhancing and exploiting the competitive advantage to acquire market leadership position. The supply chain, pricing, store layout designs, supplier’s management, technology infrastructure implementation, as well as human resources management, are well coordinated (Jawad, 2017).
Moreover, the management work to reduce downstream supply chain costs, and keep the internal operations efficient and thin, including paying attention to the smallest possible details in store layouts and merchandising. Quick responses are valuable supply chain strategy by the company because it enables the brand to invest in fast-moving products and items (Thomas et al., 2013). The company does so by reducing lead times. For instance, the lead time for Wal-Mart Company is 48 hours while many companies have a lead time of 5 days. Moreover, the company uses partners to hasten supply and reduce cost as well as maintaining constant delivery between partners. The company has one of the most efficient logistics. The logistics items including trucks and equipment are continuously improved. Through a sophisticated and well-organized distribution system, similar distribution center and centralization of specialized warehouses hasten the movement of materials (Carey, 2015). The complex organized systems are facilitated by the intricate transport system that does not limit actions.
The company order huge quantities of goods directly from the manufacturer and make its arrangement to distribute them without involving other entities in the chain. The company incurs package cost with the aim of reducing the damage of products, reduce load/unload time, reduce shipment tracking delay and enhance customer service (Jawad, 2017). Moreover, the company reduces insurance cost and prevents theft thereby reducing the huge cost that would have been incurred. The company maintains cross-docking warehouse operation where goods are transferred straight from receiving dock to shipping dock. The procedure is not only time sensitive but enables the client to receive their goods immediately they reach the land. Another revolutionary strategy is the fact that products are found at the same outlet thereby enhancing convenience for the client. In a one-stop shopping exercise, a client can buy clothes, food, toys, and household items among other products.
According to Jawad (2017), the shipment locations are also reduced, which further reduce cost and the number of destination that products pass through before reaching consumers. Information transfer in the warehouse is also streamlined making it easier to manage warehouse information, including client data, expiry date, inventory level, available space among others. Wal-Mart maintains efficient consumer response to improve services and eliminate unnecessary cost in the supply chain (Gattorna, 2016). The practice is enabled by technology enhancement, replenishment of products and relationship building. The procedure is also facilitated by collaborative planning and forecasting to stimulate relations with various stakeholders and trading associates. Besides, Wal-Mart has enhanced agility in the supply chain by making it flexible. Flexible supply chain, increase the instability of consumer demand, especially on products like clothes and other products.
Flexibility in the supply chain has also been motivated by the fact that the company specializes in supplying products that the clients need (Thomas et al., 2013). Wal-Mart company management persistently reviews the supply chain to capture the activities that generate value. Similarly, the brand eliminates operations that escalate cost and delay efficient delivery of products to the consumers. Such well-crafted lean philosophy not only reduces wastage but eradicate unnecessary defects in the supply chain. The pricing strategies are one of the most valued factors in the chain supply because it is the aspect that leads to income generation in the company (Gattorna, 2016). Wal-Mart management has realized that discovering the appropriate price for their products is fundamental to revenue generation and business accomplishment. While selling price ought to be higher than the entire cost of buying and distribution, so that the enterprise can be maintained, the price is marketing factor, and the sales are cost driven.
Consequently, the company employs comprehensive strategies that involve used of complex factors to come up with the best prices for the products. Such methods require the use of cost leadership strategy (Gattorna, 2016). Cost leadership strategy is an advertising approach that permits Wal-Mart to trade common products at lowest prices possible against their competitors. Wal-Mart is a large retailer that has been utilizing this approach throughout their operations for years leading to the ground-breaking outcome. The company focuses on lowering prices by diminishing the cost of products sold by making other adjustments in related areas. For instance, the brand invests in technology to enhance the efficiency of the supply chain and streamline the infrastructure thus reducing unnecessary cost. According to Kouvelis et al., (2011), the company also use lean approaches to eliminate gaps in the supply chain by building connections, simplifying procedures, accomplishing efficacy and effectiveness, all aimed at reducing costs leading to low prices. The company utilizes point of sale systems to track and monitor merchandise and sales in that replenishment of products is wholly executed by computer systems.
Relationship with the Supplier
Wal-Mart has the best relationship with their supplier that is based on mutual benefits. The company management continually works on various strategies of refurbishing and replenishing the supply chain by maintaining the professional relationship with the supplier. In the book of 1 Samuel 18: 3, Jonathan agreed with David because he loved David as he loved himself. Accordingly, Wal-Mart understands that it must value, respect and trust the suppliers for them to maintain their competitive and successful supply chain model. In these relationships, every partner is significant and is an integral element of the company, irrespective of the fact that they are different entities. The unique strategies are facilitated through maintaining the sustained relationship with suppliers through active information sharing and upholding professionalism (Roberts & Berg, 2012). Relationship with the supplier benefits Wal-Mart in the following ways.
The company benefits from the availability of products that are readily supplied to the consumers. Correspondingly, the company does not strain while trying to mend relationship throughout the trading period because suitable criterion is applied during selection. The company enjoys a huge variety of high-quality products from different suppliers that enabled it to satisfy the customers. Because the company has invested in building a sustainable relationship with suppliers and consumers, they reap high profits that have sustained them for decades (Chekwa et al., 2015). Similarly, consumers have benefited in various ways as will be stipulated in multiple intervals in the following discussion.
The relationship is in consensus with the biblical values in many ways because it is based on fairness, trust, and mutual respect. According to proverb 18: 24, the individual who has unreliable friends, is quickly ruined, while the one with a reliable friend, prospers because such a friend is better than a brother (Bible Gateway, 2017). Good relationship creates mutual benefit between the suppliers and the company. The relationship is also extended to the clients thus creating good understanding, communication, trust and shared direction (Kouvelis et al., 2011). The built relationship between Wal-Mart and the suppliers not only lead to joint creation value but are long-lasting and sustainable. Creation of shared values is based on Proverbs 13: 20 that state that, the one who chooses wise friends becomes wise, while the one who chooses fools is harmed (Bible Gateway, 2017). The company is careful while selecting suppliers to ensure that only the ones that can be dependable and sustained are selected.
The suppliers benefit from the lasting relationship because they remain in business for long, as long as they honor the agreement between them and Wal-Mart. According to Pettypiece & Townsend (2015), the supplies have the direct market for their product and are sure of immediate payments because the company does not delay payments to the supply. The company has embarked on premeditated sourcing to acquire quality products from their suppliers at the best prices possible. The vendors, on the other hand, offer the huge variety of products to the company at best the price. Accordingly, the suppliers benefit because of their innovations since the variety of products that they make has the ready market (Huang et al., 2012). In the book of Job 16: 20-21, a friend is a significant intercessor who can plead to God on behalf of man as the eyes of man pour out tears to God (Bible Gateway, 2017). Wal-Mart Company understands this verse and has taught the same verse to the suppliers. Accordingly, the success of the company depends on its ability to make the connection with the suppliers, who produce goods for the client. The company, the supplier and the clients ought to be satisfied.
Additionally, Wal-Mart simplified and reorganized supply chain by constructing relationship and communication networks with their suppliers to enhance the flow of materials with lower inventories. Suppliers benefit from the effective communication because they are continually updated, particularly when it comes to specific client requirement, replenishment time and any need change in prices and quality (Huang et al., 2012). With the comprehensive information in these areas, they can produce quality products that benefit consumers and keep them in business. While the company operates a massive network of global warehouses, suppliers and retail stores, the efficient management model makes it look like a single firm. The secret behind the success was the fact that the company built a sophisticated network of collaboration based on trust. This strength is based on Proverb 11:13 that states that gossip betrays the confidence, while trustworthy individual keeps a secret (Bible Gateway, 2017). Though the network of Wal-Mart supplier is extensive, the suppliers are well selected in that the qualified suppliers are trustworthy and maintain the confidential relationship with the company (Chekwa et al., 2015).
Wal-Mart relationship with suppliers is based on law and objective criteria to ensure that it is not only fair but efficient and reliable. The criteria for one to qualify as supply is that they should provide quality goods and affordable prices. Moreover, they should provide sustainable products, adhere to schedules, and maintain adequate source. Consumers benefit from these requirements because the client quickly buys their goods, and thus they reap profits within a brief time and remain on the market for long. According to 1 Corinthians 15:33, lousy company contaminates good character (Bible Gateway, 2017). Consequently, the Wal-Mart is careful with the quality of products, prices, and adequacy of the product because breach of such requirement might lead to loss of clients. Wal-Mart suppliers are treated with respect, honesty, and fairness. Consequently, suppliers rarely have a strained relationship and are not discriminated in any way during the entire contract with the company.
According to Roberts & Berg (2012), this benefit to the supplier is one of the most significant benefits of the well-established relationship with the Wal-Mart company. The company takes care of the supplier and does not mistreat them irrespective of the fact that it has a higher business influence. The supplier is also expected to adhere to all appropriate legal requirements while handling their products and also ensure that necessary business practices are accomplished. The requirement is in consensus with Galatians 6:9, that emphasize that one should not be tired of doing the right thing (Bible Gateway, 2017). Their reason is that doing what is right will allow one to reap blessings and harvest at the right time. When the company allows only legal and applicable products from suppliers that adhere to the established legal practices, it is sure of reaping big profits at the appropriate time (Kouvelis et al., 2011). Wal-Mart does not engage with an associate who leaves the company and goes to work elsewhere until the five years are over.
Correspondingly, the company does not entertain any unprofessional and unethical relationship with the supplier. Correspondingly, the suppliers who violate environmental, worker safety, legal requirements and other unnecessary practices are suspended from the list of suppliers because they are engaging in unethical practices. According to Chekwa et al., (2015), Wal-Mart maintains prompt communication to the suppliers in case of any changes that are to be made. Complains and compliments from suppliers are immediately taken up, addressed and corresponding changes made if the changes will enhance the relationship with the supplier or the client. This strength is in consensus with the book of Ecclesiastes 4:9-10, that states that; two are better than the single individual because they expect the good return from their labor (Bible Gateway, 2017). They also complement one another because if one falls, the other can help them rise. Some of the evidence-based strategies that the company upholds are learned from the supplier and consumers (Wal-Mart, 2017). The initiative is meant to ensure that, constantly changing consumer needs are addressed so that the company and the suppliers can remain in business.
Strained relationships that that does not emanate from serious negation from the established rules in the supply chains are negotiated and restored. In Colossians 3:12-24, God’s chosen people love and embrace one another. They also live with humility, kindness, and compassion. In verse 13, forgiveness is emphasized because God forgives. In verse 14, love binds friends together and enables them to have a perfect union (Bible Gateway, 2017). Repairing strained relationship allows Wal-Mart and the suppliers to build an ideal union based on forgiveness and mutual respect. The reason is that it might be difficult to maintain a partnership without developing gaps. The company has specifics requirements that the supplier ought to fulfill. For instance, Wal-Mart requires that the approved products should carry liability insurance, the critical food, and safety conditions and the fact that health & wellness safety requirements are fulfilled (Wal-Mart, 2017). These series of conditions are based on the book of John 15:14, that states that friends remain, friends if they live according to command (Bible Gateway, 2017).
The relationship between Wal-Mart and the supplier is influenced by the size of the company. This impact can be experienced in two main ways. Firstly, it is sometimes difficult to deal with Wal-Mart because it is a huge company (Chekwa et al., 2015). According to (Statista, 2017), despite recent economic troubles, the company can generate more than $365 billion of yearly sales in the United States without including another subsidiary outside the country. Such a large sales account for approximately 10 % of the American merchandising market, excluding restaurant and auto sales. The company sales as at the end of 2016 were $485.25 billion including overseeing market (Statista, 2017). Accordingly, a specific supply that happens to compromise quality, hike prices or engage in any illegal operation is likely going to be removed out of the list. Similarly, the supplier who may be innovative, adhere to the traditional terms of the relationship and happens to supply high-quality products is likely to remain in the market for long.
To sustain the relationship, the company incurs higher costs for training and wages in the attempt to ensure that the suppliers produce and supply high-quality products. The Company also invest in E-commerce and online communication systems to enhance sales and improve communication with the client and suppliers (Kouvelis et al., 2011). Wal-Mart provides the mobile application that provides suppliers with instant access to inventory data. The application also enables the company to handle primary practice including printing misplaced shelf labels, ensuring correct display and stocking products. Equally, the company trains and offer necessary expertise to the third-party merchandisers and suppliers on the appropriate use of the application. This technological infrastructure among others enables suppliers to not only access data but enhance service delivery.
Besides, it allows for real-time decisions and increases the efficiency of both the supplier and the company (Roberts & Berg, 2012). Correspondingly, Wal-Mart sells numerous stock keeping units to its suppliers with considerable reams of product data that can be shared on the constant basis. Data can easily be shared between different suppliers and the company to ensure that relevant and current information reaches respective suppliers. Through this initiative, quality products with relevant consumer needs are produced. The supplier feed Wal-Mart decision making arm with pertinent information and experiences from producers enabling them to make the critical decision regarding the suitability of different products. Wal-Mart Company through practical flowing information feeds suppliers with relevant consumers’ experiences about individual products (Chekwa et al., 2015). This information and experiences enable the suppliers to either improve their products or communicate with the manufacturers if they are not directly involved in the production.
Foreign sourcing of products
While the company makes significant sales in the United States, there has been massive debate regarding it significant sources of products. Wal-Mart makes up to $481.32 billion in sales in all their outlets in the United States and the other parts of the world (Statista, 2017). The company has enacted various strategies to ensure that the products supplied to their customers are higher quality and can reach them at affordable prices. Fundamentally, to determine the best sources of such goods, many factors have to be considered including cost, place, and techniques of manufacturing. The company sources most of its products outside the United States. However, according to Statista, (2017), the international’s net sales for Wal-Mart Company amount to 116.12 billion while the United States recorded sales amounting to $365 billion in the year 2017.
Primarily, it may not be fair to source many products from outside the country yet more transactions are obtained from the country. However, this concern has been addressed in various ways. For instance, in the year 2013, the company announced its intention to enhance manufacture of goods in the United States than it was in the previous years. Walmart announced its effort to purchase goods worth $250 billion for the next ten years. In the year 2014, the Tailor Made commenced production in Elroy factory after winning a contract to produce kitchen utensils including ladles, potato mashers and turners that were formerly manufactured in China (Knox et al., 2014). If the trend continues for the next ten years as planned, there may be more favorable changes.
Given that more transactions are recorded in the United States than all the other countries combined, most of the goods ought to be sourced from the United States and not abroad to provide more jobs to the individuals in the United States (Morschett et al., 2015). While there is the need for low priced products, which will keep Wal-Mart in business, importing more products in the country have other long-term negative consequences to the country that need to be considered. Some of them include the fact that importing more products into the country, create trade deficit leading inflation because of the rise in the price of goods and raise in interest rates. Moreover, the currency loses value. The decline in value of the currency occurs because demand for imports is higher than exports due to trade deficit (Salvatore, 2016). The trade deficit also leads to unemployment because the domestic industries are not only disadvantaged but some may lose their market due to decreased production, which in long-run may lead to layoffs.
Although such arguments may be acceptable, Walmart’s choice to import products has many positive benefits that outdo the shortcomings. For instance, importation of goods by Walmart from other countries has been very beneficial to the company and the United States because products have been obtained at lower prices and thus are affordable to clients in both local and foreign market. This arrangement results in higher margins. Likewise, the Walmart manages to provide higher quality products to consumers that have been made by expertise from foreign countries (Salvatore, 2016). Other considerations regarding the economic and social value that the brand has added to the nation should be carefully evaluated. They include the fact that Wal-Mart has employed 2.1 million in the United States more than one hundred thousand in the rest of the world which is in line with the proportion of revenue obtained in the United States. These individuals would lose their employment if the company collapses (Walmart, 2017). Accordingly, while many jobs may have been lost as a result of importation, as explained above, more have been obtained from the innovative model that has been sufficiently adopted by Walmart since its inception in 1962. As it is in the book of Matthew 25:21, where the master told the faithful servant that they have been faithful with few and thus could be trusted with many things, Walmart has been faithful over the years and thus ought to be given a chance to prosper and benefit from their efficient model.
The company stock quality products that are made in nearly 70 countries that may not have been accessed by the American populace. Besides, the company serves over 175 million clients a week, one of the largest customer bases in the country and the region that would have difficulties in accessing the products they need from one place as they do today. The company has thus transformed and continues to transform many lives in the United States and other parts of the world. According to Wal-Mart (2017), the company made approximately $481.32 billion as at the year 2017 worth of revenue, making it one or the most contributor to revenue in the nation through tax. The company has invested in many other countries outside the United States including Canada, and Japan, Mexico, Brazil, Argentina and the United Kingdom among others, that not only contribute revenue but promote integration, cooperation and interaction (Walmart, 2017). The book of Matthew 7:7, says that one ought to ask since it shall be provided, seek and one will find and knock and the door would be opened. The company demonstrates excellent ability to invest in viable plans through consistency and patience.
Moreover, the management keeps on looking for new ways of improving their service. Accordingly, they ought to be rewarded and not discriminated and reprimanded. The debate seeks to discredit the company, though based on facts, does not entirely look at the greater benefits that have been attained through this trade. The company’s initiative to promote increase local purchases moderately, until it is fully attained is the most valuable option. Accordingly, Wal-Mart ought to maintain the initiative that it initiated regarding purchasing goods worth $250 billion from the local market for the next ten years (Walmart, 2017). Various methods of reducing the cost of production for firms in the United States may be applied to enhance local manufacturing resulting in increasing the number of jobs. They include reducing wastage, substituting raw material without compromising quality, negotiating with raw material suppliers and workforce optimization among others (Salvatore, 2016). Making such arrangement will be useful because the company will give back to the community that value and purchase products in large quantities. In Proverbs 3:27, one should not withhold good from those who deserve it, especially when it is in their power to accomplish (Bible Gateway, 2017). The company has contributed greatly to the development of the entire nation and welfare of the people and thus deserve to be respected and supported to continue accomplishing the noble task.
Nevertheless, according to Carey (2015), there is the challenge of the low cost of production in foreign countries that the local industries cannot manage. The reason is that Wal-Mart competes by lowering prices of their products so that their clients can afford them and purchase frequently. For instance, the price of one camisole would sell as low as $1.68 in Wal-Mart retail outlets in the United States. Consequently, to sell such products to the client, at such an affordable price, mean that they have to be sourced from foreign companies who can manufacture at minimal cost. Fundamentally, production of such low-priced goods in the United States becomes difficult and sometimes unsustainable (Carey (2015). Besides, Wal-Mart sets standards for the production of their goods which may be difficult for local firms because they must adhere to the established environmental and labor regulations (Carey, 2015). These requirements increase the costs of production in the United States.
Nevertheless, while the issue of cost is factual and significant in production, other alternatives can lower the cost of production if comprehensively implemented. They include reducing wastage, substituting raw material without compromising quality, negotiating with raw material suppliers and workforce optimization among others. Besides, the issue of standards may increase cost if fully adhered. However, it is significant also to note that, negating standards such as labor and environmental regulations could not only be costlier and raises ethical that may be expensive to the nation the long-run. For instance, issues of environmental pollution, including air, water among others, will result in health care problems that may be expensive to the nation. Similarly, lack of adherence to established international labor laws would raise alarming ethical issues including subjecting people unhealthy working environment (Wheeland, 2015). Consequently, the right standards should be upheld.
Foreign sourcing of products is unethical because of various reasons. According to Lach, (2012), foreign firms may operate with minimal or without adherence to environmental and labor conditions concerns. Lack of adherence to these established constructs raises ethical issues. Some of these issues include pollution. Most of the goods that are distributed and sold in retail outlets are manufactured in China (Worstall, 2015). Air pollution is one of the most best-recognized environmental challenges in China. Devastating and nearly inconceivable levels of smog in Shenyang, Beijing, Shanghai and other Chinese cities is exceptionally intense. Other problems include soil and water pollution that is below global standards. According to Wheeland (2015), There are violations of human and labor rights in China. Such violations include hazardous working conditions, long hours, nonexistent or limited worker protections. Having minimum or operating with little adherence to the international law regarding labor and environment is not only unethical but constitute the massive breach of human rights.
While the issues regarding labor conditions and environmental issues in the production sites have been raised, there is no clear evidence showing that the sites used to manufacture products destined for Walmart have been made in substandard conditions of labor and without adherence to environmental concerns (Wal-Mart 2017). Correspondingly, Walmart company is strict on issues regarding adherence not only to environmental and labor conditions but the required ethical standards. The supplier is also expected to adhere to all appropriate legal requirements while handling their products. The suppliers, mostly from China are not exceptional to these rules. Similarly, Isaiah 43:18 one should forget the former things and desist from dwelling in the past (Bible Gateway, 2017). Consequently, the public ought to focus on the recent initiative that the company has made regarding increasing the volume of the goods purchased from United States. Moreover, the company model of importing goods from other countries is meant to promote access to products by local consumers at affordable prices and not competing with local industries. According to Knox et al., (2014), Walmart has had numerous achievements and constitute one of the most proficient companies regarding live transformation.
Conclusion
Walmart Company is one of the most successful retailing companies around the globe. The fundamental to retailer breakthrough of Wal-Mart Company is based on its success and innate drive to not only reduces the cost of products in its supply chain but to manage the supply efficiently.it has a sophisticated system requires operative and proficient supply chain management approach. Walmart has executed her efficient supply chain strategy exceptionally in that it values both clients and the suppliers. The company is driven by the revolutionary company philosophy that maintains a healthy business culture and positions the brand at the competitive edge regarding distribution, technology, logistics, and transportation among other facets. The supply chain, pricing, store layout designs, supplier’s management, reducing wastage, technology infrastructure implementation, as well as human resources management, are well coordinated. The complex organized systems are facilitated by the intricate transport system that does not limit actions. The company order vast quantities of goods directly from the manufacturer and make its arrangement to distribute them without involving other entities in the chain. The company incurs package cost with the aim of reducing the damage of products, reduce load/unload time, reduce shipment tracking delay and enhance customer service. Correspondingly, the company maintains an affectionate relationship with their clients that have deep roots of the biblical perspective. While the business has been successful in selling products to the client at lower prices, some issues arise regarding foreign sourcing of products that has moral and biblical concerns. However, other views regarding the company’s achievements, strategic and unique model and adherence to environmental and labor rules counter the raised issues. Moreover, the strategy taken to collect such mistakes will have long-term solutions to the raised concerns. Biblical and ethical views also support the established strategy to mitigate the problem.
We can do it today.
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