Can you SUMMARIZE everything below into 1 big summary (5 Paragraphs):

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* Intro to Development of Lean Initiatives *

Among all the models of managing terms in the most demanding organizations like the Walmart Company, Lean has proven to be the most effective. Walmart is among the largest retail company worldwide, with an estimated number of customers of about 260 million from different countries. Also, the company has more than 2.3 million strategic alliances and business partners worldwide, making it one of the biggest retail and wholesale dealers globally.

In Walmart, lean was applied to reduce operations and handle costs incurred during procurement and supply of its products to the end-users. Therefore, with the reduced costs, the organization can set competitive prices across its portfolios, giving it more customers than its competitors. Therefore, the lean methodology has played a vital role in the organization. It ensures the purchase of products is replenished quickly and they reach the end-users at the right time, with the exact quantity and quality retained. This has enhanced the authenticity of the organization by reducing the chances of customer complaints, thus minimizing the reduced products, hence reducing wastage, and saving on cost.

Walmart employed a lean development strategy because the short iterations process allows the organization to communicate small plans upfront and allows the team to make decisions that will help them accurately predict future market prices.

Therefore, like in any other industry, the lean development methodology could be employed in the Walmart Company. It makes it easy to gain information from the source, thus helping the organization eliminate the common problem that does not address the customer's needs.