MGT 3121 HW # 3 Part A Question: Four steps to help companies to swiftly get ont

Question

MGT 3121 HW # 3

Part A Question:

Four steps to help companies to swiftly get onto the road to service supply chain excellence are listed below:

Understand your service supply chain.

Determine the needs of your customers and convey those needs down the supply chain.

Obtain high quality suppliers.

Maintain a competitive advantage.

As Wal-Mart is expanding its online presence, how would you implement the above four steps in order for Wal-Mart to become a leader in ecommerce marketplace and effectively compete with such online retailers as Amazon? Explain each step with one paragraph.

Part B Question:

One of the common difficulties in project management is to fulfill the triple constraint. Part A of this homework is an analysis of Wal-Mart online expansion. If you were hired by Wal-Mart as project manager to build and maintain its ecommerce marketplace, what challenges would you be faced with in trying to fulfill the triple constraint while doing your job? State the challenges and explain how you would address each of those challenges.

General instructions for this HW:

Please be advised that this is an individual HW assignment.

Please print one hard copy and bring it with you to class on the due date.

The due date for this HW is Sunday, December 10th, 2017. It is due at the start of the

class when you walk in.

Your report should be no more than four pages (font size 12) in length. Please do not

exceed the length restriction for this assignment.

Please cite your references.

Explanation / Answer

Walmart is a retail giant in the industry operating across the seas and creating a big furtune out of it. Its the worlds largest and the most influencing retailer.
Some terms that Walmart followed to build its empire are as follows.
Efficient Supply Chain
Walmart's supply chain is one of the world's most efficient supply chain, Walmart uses very less break in between from the warehouse to their store reducing the costs and enhancing the overall profit.
Strategic partnership
Strategic partnership is one of main reasons of Walmart's success , Walmart find the best price supplier and ask them if they can fullfil the demand then a long term partnership program is offer which reduces the prices.
Intuitive inventory storage
Walmart uses very intuitive way of storing the inventory, It keep its inventory in truck and then later the inventory is loaded to the semi truck without moving them to the warehouse , this broadly increases the efficiency of the transportation and time.
Using latest technologywalmar
Walmart uses state of the art sorting and transporting technologies to ensure the required quality and speed it requires and to obtain high profits and and super efficient system.
Walmart used the terms listed above to build an environment for the low cost industry. It focused on the largest group of middle class people and the idea was to provide low cost product with great quality. Walmart provided the best supply and management system which cut down the costs thus customers were getting the products in best price with higher quality.
Walmart's strategy kept evolving according to the time and needs thus Walmart's low cost strategy is very well suited for the industry.

By providing excellent supply chain services and having very few links in supply chain is one of the major differences which Walmart has created. Walmart supply chain has been very effective and it uses the vendor managed inventory system in which the manufacturer's become responsible for all the product management in the Walmart warehouses.

By having strategic vendor partnerships Walmart has created a marketing difference and strategic resourcing of the product enabled Walmart to create larger benefits from the market and increasing the overall market share. This help Walmart to create a differentiation strategy .

Walmart has implemented new technologies into its supply chain and they have been innovating as well as implementing state of the art salting facilities as well as maintenance facilities inside their warehouses under operational premises. By having a policy of cross Docking as an inventory tactic, very much successful in creating a market differentiation.

As Walmart in need society opening different bigger or smaller store for capturing different market segments and providing larger amount of products as well as better product range is, walmart has been very successful in convene the message as well as gathering the feedback from the customer for their needs.

Using these strategies enabled Walmart to maintain a high competitive advantage over its competitors and provided an excellent competitive advantage over different market segment.

Online business of Walmart a manager has to go with several different challenges the most important challenge would be putting up Walmart physical inventory on the online store. By putting up the Walmart physical inventory online the price differences would be very less people would be buying the products online rather than going into the store which really required maintenance of the pricing for both of the platforms.
For distribution policy over online network Walmart has to set up the database centers a very innovative online store for buying things from the Walmart.
This implementation requires intensive research before opening an online store. Differentiating Walmart online presence by creating unique selling point for their online store. By providing offers as well as promotions over the internet, walmart can create a large difference and can gain competitive advantage over its competitors.

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