1. Wal-Mart: REVENUE (2011) – $421.849 BILLION
By a clear distance, Wal-Mart can be proud to proclaim themselves as the world’s largest retailer. As officially the number one corporate business in terms of revenue, and the biggest private employer on the planet, the Arkansas headquartered cash and carry store is yet to be put under pressure by any rival – be it domestic or international. Its growing popularity continues to sky-rocket out of the others’ sight, and it is the only retail brand to cast their shadow over every corner of the Earth, leaving no stone unturned, and no continent’s shopping baskets unfilled.
Its 8,500 stores across 15 countries, under various banners, have escalated the brand to incomprehensible heights not just in the retail industry, but in the business world as a whole. Wal-Mart never forgets its roots though, and how could it? Two-thirds of the company’s total sales still generate from their domestic outlets.
Source http://www.retail-digital.com/top_ten/top-10-business/top-ten-largest-retailers-in-the-world 17 MAY 2012
Company Name & Annual Report Link Country of Origin Website Link Sales(Billions $CDN) Comments
446.24 Never mind the $$. They employ over 2 Million people around the world in all shapes, sizes, ages, colours, religions and languages. The United Nations of retailing, North American sales account for over $310 Billion.
Wal-Mart is a retailer of consumer goods founded in 1962 by Sam Walton. The company obtains profits through volume, with a low-cost strategy. It’s “Every Day Low Prices” business plan is supported by aggressive pricing policies, a state-of-the-art retail and supply chain distribution system, advanced inventory management systems, and little promotion and advertising efforts. The large success of the company led to global expansion that began in the early 1990′s.
The retailing giant has operations in 28 countries under 60 different banners. Examples of failed and abandoned markets include South Korea, Germany and Indonesia. Expansions that have proven largely profitable are Mexico and Canada. A struggling market similar to that of Japan is the United Kingdom.
There is a vast amount of literature about Wal-Mart Stores and how it has developed a world-class model of International Purchasing and Supply-Chain Management over the years. But their approach has not been always successful and without problems.
Critically evaluate the Wal-Mart approach to purchasing and supply-chain management, against models and concepts that have been explored in this module and from your wider reading. Critical evaluation requires you to take a balanced view of what is good in Wal-Marts’ approach and also what does not work so well and could be improved.
An individual Management Report of a maximum of 3500 words in length.
You must be able to demonstrate an understanding of relevant theories and analytical models and apply them to aid the analysis of Wal-Marts’ International Purchasing and Supply Chain Management approach. More depth is required than mere descriptions of information that you have found during your research.
You will be required to show evidence of research and analysis about Wal-Mart and the key elements of a successful approach to International Purchasing and Supply-Chain Management. You will be expected to make recommendations about improvements that Wal-Mart could make to its approach, with a clear rationale to support your ideas.