In the result, tis leads to lowering the prices of products. I this way company is successful to maintain the momentum of ‘everyday low prices. Wl-Mart has developed its just-in-time (JIT) inventory, ad, o the other hand, kep the low level of inventory just to meet urgent needs. Te inventory management system of Wal-Mart ensures that company has enough of stock to meet daily needs, bt keep it as little as possible. Is effective inventory management results in satisfied customers, lss cash engaged in warehouse and reducing sales. Hwever, to its international contracts of production, rpid production processes, acontinuous increase in its product lines make them store a necessary inventory.
Wl-Mart tracks its sales, cmmunicates with suppliers, rceives data and uses information to ensure the availability of inventory for example products that are sold on seasonal demands. Aso, Cmpany has maintained good relationship and effective communication channels so that storeowners must inform when to reorder and purchase. Te company with such effective logistic management coordinates its demand estimation with the supply management under an interactive planning, pojecting and process.
Eery single process is connected through advance technology which involves the central database system, sstems regarding point-of-sale and a proper network of satellite. B using the advanced information and communication technology, cmpany has implemented the bar code system of products in the country for the first time by implying the Universal Product Code. Tese codes help the company to collect and analyze information available at store by devising the Retail link. Tis retail link is further connected to the global satellite system which helps to project the suppliers to distribution centres as well as supplier associations and reflects the sales data to them.
Wl-Mart uses its information collected from the cash register and point-of-sale is communicated to all the partners by processing through retail link. Mreover, cmpany has adapted to more advanced technology by using Radio Frequency Identification Tags (RFID) to monitor the inventory and keep the management informed about items that are to be replaced. Tis technology based information and communication process helped the company to save time, icrease inventory turnover, ehance storehouse space (Traub, 2012).
has implemented the cross dock...
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