The Power Within Wal-Mart

The Power within Wal-Mart By: James E. Payton Columbia gray University Wal-Marts history is one of innovation, leadership and success. It started with a single stock in Rogers, Arkansas in 1962 and has grown to what is now the macrocosms largest - and arguably, the most emulated - retailer. Some researchers refer to Wal-Mart as the industry trendsetter. Today, this sell pioneer has annual revenues of over $100 billion, 3,000 stores and much than 750,000 employees worldwide. (http://money.cnn.com/magazines/ share/global500/2009/) Wal-Mart operates each store, from the products it stocks, to the front-end equipment that helps speed checkout, with the same philosophy: provide passing(a) low prices and superior customer service. Lower prices also pull off the expense of frequent sales promotions and sales are more predictable. (Fishman, 2006) Wal-Mart has invested heavily in its unique cross- slip inventory system. Cross docking has enabled Wal-Mart to achieve economies of scale which reduce its costs of sales. With this system, goods are forever delivered to stores within 48 hours and often without having to inventory them.

Today, Wal-Mart International is a fast-growing part of Wal-Marts overall operations, with 5,366 stores and approximately 740,000 associates in 27 countries outside the continental U.S. The international segment of countries consists of Argentina, Botswana, Brazil, Canada, Chile, China, Costa Rica, El Salvador, Ghana, Guatemala, Honduras, India, Japan, Lesotho, Malawi, Mauritius, Mexico, Mozambique, Namibia, Nicaragua, Nigeria, South Africa, Swaziland, Tanzania, Uganda, United Kingdom, and Zambia. (Daniels et al, 2011) Wal-Mart International continues aggressive growth, adding sales in both emerging and mature markets. Net sales for pecuniary 2011 grew 12 percent to $109 billion. Operating income increased to more than $5.6 billion, support by more than 4,500 locations and almost 287 million square feet of change space.... If you want to get a full essay, order it on our website: Orderessay

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