The product ranges from footwear, clothes, electronics, food, pharmacy, apparel, groceries, merchandise and more.
The more products and services for example data labs, consumer insights and more will be discussed here.
Wal-Mart has competitors for example Target Group, TESCO, Costco, Dollar, Lawsun, Eleven-Eleven, Alco, Tuesday, Fred, Big Lots and more.
Using competitive frameworks the competitive analysis will be done here.
Description of the Process
Wal-Mart being the largest retailer in the world has largest supply chain system and inventory across the world. Supply chain management and inventory management are the complex and typical processes in the retail business (Our Business, 2014).
The supply chain and inventory process management will be discussed here in more details.
Analysis of the Process
Inventory process management is the process that helps in efficiently overseeing the constant flow of units in to and out of an existing inventory. This process usually involves controlling the transfer in of units in order to prevent the inventory becoming too high, or too low. The accurate and real time information is important for the inventory management system in retail businesses to manage effectively and to reduce cost as well.
The existing supply chain and inventory management before RFID technique will be discussed in details using specific framework and methodologies.