Jeremy Mitchell_ Week 1 Assignment (1)

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Jeremy Mitchell American Public University System TLMT 352: Distribution Systems Instructor: Dr. Carmen Mousel December 17, 2023
Supply Chain Innovations (Walmart) Walmart has built a reputation for efficiency and innovation in their supply chain. Founded in 1962, Walmart has grown from a small discount store in Arkansas to a multinational retail giant, operating over 11,000 stores in 27 countries. While Walmart's size and reach have made it a formidable competitor, it can attribute a large part of its success to its supply chain innovations (Walmart Supercube, 2013). Walmart developed a way to minimize these storage needs by implementing the concept of cross-docking into their distribution practices. They are then, in turn, brought directly to Walmart warehouses, where they are repackaged and immediately distributed without sitting in inventory. This eliminates the need for any in-between storage, reduces the damage done to products, especially if perishable, and of course, drives down overhead costs. It also ensures that only the inventory that is needed at stores is delivered, because vendors know what products are needed and restock their products only when necessary. Cross docking also manages to reduce transportation costs by reducing transit time and allows Walmart to negotiate better pricing margins with vendors. Walmart has been utilizing the power of technology to streamline their supply chain process and give customers the lowest prices possible on products and services (DataHawk, 2023). Walmart is known for its efficient and effective supply chain management, which has been a critical driver of the company’s success in the highly competitive retail industry. Overall, Walmart’s supply chain, like many other companies in the industry, faces a number of challenges, but the company is taking steps to address these challenges and find solutions. By investing in new technologies, forging strong partnerships, and focusing on sustainability, Walmart is positioning itself to continue to be a leader in the world of retail and supply chain management (Christopher Martin, 2016).
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