Question: Case Study: World s leading Retail Chain Store Walmart is the largest merchandise retail chain store in the world. It has over 1 1 ,

Case Study: Worlds leading Retail Chain Store
Walmart is the largest merchandise retail chain store in the world. It has over 11,100 stores in 27 countries. Walmarts inventory management is a key success factor in the firms ability to grow to its current position as the leading retailer in the world. Walmarts success in managing its inventory is partly due to the effective implementation of the vendor-managed inventory model (VMI). In this model, suppliers access data from Walmarts information system, such as data on current inventory levels and the rate at which certain goods are sold. Suppliers decide when to send additional goods to Walmart, while the company monitors and control the actual transit of goods from warehouses to the stores. Walmarts vendor-managed inventory has the benefit of minimizing delays in the movement of inventory across the supply chain. This benefit is achieved because suppliers can directly access data about the inventory of their goods at Walmart stores. Another beneficial effect of using the vendor-managed inventory model is the minimization of costs in inventory management activity. Walmart does not need to spend for extra personnel to manage each suppliers goods. Instead, this financial and human resource expense is directly passed on to the suppliers.
Using the knowledge you have acquired in this course, advice on question one (1) and two (2):
Q.1
a) As a Warehouse expert, prepare a four (4) paged report advising on which other inventory management models they can opt for to enhance the companys customer service levels putting VMI model aside
b) In a two (2) paged report, describe how Walmart managers can curb down stock expiries in their supply chain operations
Total 25 Marks

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