Wednesday, May 6, 2020

SOME SUCCESS STORIES IN SUPPLY CHAIN MANAGEMENT - 1688 Words

SOME SUCCESS STORIES IN SUPPLY CHAIN MANAGEMENT Adriano O. Solis, Ph.D. Academic Advisor, NAPM El Paso Wal-Mart Stores Perhaps one of the most commonly cited success stories in supply chain management (SCM) is that of Wal-Mart Stores, Inc., which reported total sales of $191.329 billion and a net income of $6.295 billion during the fiscal year ended January 31, 2001 (see www.walmartstores.com). These figures represent a 15.9% growth in total sales and a 17.1% increase in net income over the immediately preceding fiscal year. International sales accounted for $32 billion of the total sales figure, increasing 41% over the previous year. Wal-Mart, which opened its first store in Arkansas in 1962, has retail stores in all 50†¦show more content†¦Under such a system, the vendor—subject to bounds previously agreed upon with the retailer—decides on the appropriate levels of inventory to carry at the retail stores, as well as the corresponding inventory policies to maintain such levels. In the PG and Wal-Mart partnership, PG committed to the development of a dedicat ed team to handle the Wal-Mart account. A primary objective of this team is to facilitate information-sharing between the two firms and address logistics, supply, management information systems, accounting, finance, and other issues (Handfield and Nichols, 1999). Under this arrangement, Wal-Mart shares point-of-sale information from retail outlets directly with PG, giving the latter easy access to information on consumer transactions and buying patterns. PG’s dedicated Wal-Mart account team effectively takes responsibility for the marketing and sales of PG products within Wal-Mart stores. Similar VMI partnerships with other giant retailers have been established by PG. These partnerships have dramatically improved PG’s on-time deliveries to Wal-Mart and the other retailers while increasing inventory turnovers (Simchi-Levi, et al, 2000; Handfield and Nichols, 1999). At the same time, they save the retailer a significant amount of managerial and other resources, and demonstrate how information sharing leads to mutual advantage for bothShow MoreRelatedBest Practices in Inventory Management84369 Words   |  338 Pages Best Practice in Inventory Management This Page Intentionally Left Blank Best Practice in Inventory Management Second edition Tony Wild OXFORD AMSTERDAM BOSTON LONDON NEW YORK PARIS SAN DIEGO SAN FRANCISCO SINGAPORE SYDNEY TOKYO Butterworth-Heinemann An imprint of Elsevier Science Linacre House, Jordan Hill, Oxford OX2 8DP 225 Wildwood Avenue, Woburn, MA 01801-2041 First published by John Wiley Sons 1997 Second edition published by Elsevier Science Ltd 2002 Copyright  © 2002, ElsevierRead MoreCase Study20441 Words   |  82 PagesScience Title â€Å"SUPPLY CHAIN MANAGEMENT† Graduation Project Course: PRODACTION SYSTEM CONTROL Skopje - July, 2011 1 Faculty of Technical Science Title â€Å"SUPPLY CHAIN MANAGEMENT† Graduation Project Course: PRODACTION SYSTEM CONTROL Mentor: Prof. (Tarik CAKAR) Performed by: Enis SELAM, Student ID No.08/09.20 Enis_slm@hotmail.com Skopje, July, 2011 2 BRIEF CONTENTS Preface xiii Part I -- Building a Strategic Framework to Analyze Supply Chains Chapter 1 UnderstandingRead MorePG and Walmart Collaboration5345 Words   |  22 PagesSupply-Chain Integration through Information Sharing: Channel Partnership between Wal-Mart and Procter Gamble Michael Grean Director, Information Technology Customer Business Development The Procter and Gamble Distributing Company, 655 East Millsap Road, Fayetteville, Arkansas 72703 Michael J. 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