Wal-Mart in 2003: The World's Largest Company |
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Excerpts
Vendor ManagementProcurement was a key activity for a retail chain like Wal-Mart. Like other discount chains, Wal-Mart had centralized purchasing. Instead of basing orders on centralized sales forecasts, Wal-Mart used in-store terminals to wire merchandise requests to a central computer... LogisticsOnly a fraction of Wal-Mart's inbound merchandise was shipped directly from the vendors to the stores. The rest passed through Wal-Mart's two-step hub-and-spoke distribution network. Wal-Mart's truck-tractors brought the merchandise into a distribution centre, where it could be sorted automatically on to another truck and delivered to the store... |
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