Analyzing Supply Chain Management and Innovation (WAL-MART) Essay

Analyzing Supply Chain Management and Innovation (WAL-MART) - Essay ExampleThe success of Wal-Mart stores Inc. washbowl be attributed to its ability to manage the supply chain efficiently. This essay analyzes the strategies that Wal-Mart uses for its supply chain management and innovation practices.Wal-Mart has a wide array of products targeting families and middle line individuals with modest incomes. Most of these customers are more focused on the bore of the products they purchase from Wal-Mart stores, rather than the branding of the products.There are four main elements of Wal-Marts supply chain management strategy. These are technology, vendor partnerships, integration, and cross docking and distribution management (Leeman, 36). The whole make starts from strategic sourcing, which is aimed at identifying high quality products at the best prices from reputable suppliers who have the ability to meet the existing demand. The organization then forms strategic partnerships with m ost of the vendors, creating a long term alliance that benefits the customers.The suppliers will then ship their products to the Wal-Mart stores for cross docking and delivery to stores in other locations around the world. The cross docking process, efficient management of distribution, and the transportation process helps Wal-Mart to maintain a constant inventory to cater for market demand. The company also focuses on eliminating inefficiencies that can undermine the whole process.Wal-Mart is highly regarded for its innovative condescension practices in the industry(Leeman, 69). For instance, it was among the first companies on the global scene to centralize their distribution system and rely heavily on Information Technology. Wal-Mart manages its Supply chain by using a highly integrated approach that brings together elements of logistics, operations management, information Technology, and procurement. The success of Wal-Marts strategy of