Walmart and Information Technology

In: Business and Management

Submitted By 1311611
Words 873
Pages 4
Management Information System CIA
Report on Walmart’s use of Information Technology Dhananjay Singh 1311611

Walmart’s Supply Chain
For Walmart, the major business initiative being used is Supply Chain Management. A supply chain management system is an IT system that supports activities by automating the tracking of inventory and information among business processes and across companies. Wal-Mart is to ensure that all their suppliers are using Electronic Product Codes and for those who do not have the capability they work with them to find packages that are within their price range. This allows for a successful ensuring that customers get what they order in a timely manner. It allows for logistics, fulfilment, production, revenue and profit, cost and price efficiency
Riding a rising six-year trend,Walmart reported grosses of $486 billion in the fiscal year that ended in January 2015, an increase of almost $10 billion from fiscal 2014. That's up from $408 billion over the past five years, according to The Wall Street Journal’s Market Watch.
That income was generated by more than 4,500 stores in the U.S. alone, and fed by a sprawling supply chain, which moved from No. 14 to No. 13 on research and analyst company Gartner's annual ranking.
Walmart’s inventory management funnels information from stores such as point-of-sale data, warehouse inventory and real-time sales into a centralized database. The data is shared with suppliers who know when to ship more products.
Supply chain integration connects the flow of work and information among all links in the supply chain to maximize efficiencies.
For Walmart, its SCM methods yield lower costs for products and inventory, better control over selection in its stores and the ultimate result of…...

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