Read the article provided and the presentation provided and write a one page summary talking about the article
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Marketingppt.pptxHistory of the Walmart
Founded on July 2nd 1962 by Sam Walton
By 1967, company grew to 24 stores and $ 12.6 million in sales.
Walmart currently
Products from 70 countries
11,000 stores in 27 countries
$32 billion in inventory
Vendor Managed Inventory (VMI)
Walmart shares the data of its information system with suppliers.
Supplies can monitor the current amount of goods and the rate they are being sold at.
Suppliers and manufacturers within the supply chain synchronize their demand projections under a collaborative planning, forecasting and replenishment scheme
Advantages
Reduce the delay in transporting the goods
Decrease the cost of managing the inventory
Increased the visibility in the supply chain
Disadvantages
Could put increased risk on suppliers.
Could potentially increase the costs for suppliers due to them having to carry excess inventory.
