Micro-Scholarship, What it is, How can it help me.pdf
Scm
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3. Type Discount department store/Public (NYSE: WMT) Founded Rogers, Arkansas, USA (1962) Headquarters Bentonville, Arkansas, USA Key people Sa Walton (1918–1992), Founder H. Lee Scott, CEO S. Robson Walton, Chairman Tom Schowe, CFO Industry Retail Products Discount stores, grocery stores, and hypermarkets Revenue US$351.1 billion (2007) Industry US$11.3 billion (2007) Products 1.9 million (2007) Website http://www.walmart.com
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7. Wal-Mart Supply Chain Source: Adapted from Garrison Wieland for “Wal-Mart’s Supply Chain,” Harvard Business Review 70(2; March–April 1992), pp. 60–71.
22. Inventory Management The primary purpose to buffer against any uncertainty that might exist in the supply chain. Since holding of inventories can cost anywhere between 20 to 40 percent of their value, their efficient management is critical in supply chain operations. These include deployment strategies (push versus pull), control policies --- the determination of the optimal levels of order quantities and reorder points, and setting safety stock levels, at each stocking location
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