Is Wal-Mart Good for America? As the world's largest company, Wal-Mart has revolutionized the way Americans shop. They provide a one-stop shop where you can get everything you would possibly need and offer some of the lowest prices. They have over 3,800 stores nation wide and employ thousands of American workers. They have increased the productivity in the United States, and continue to be the leading example of how to have a successful company.
First, offering to purchase on the website will gain more attention from customers because of the convenience of time. Time plays a huge role in customer’s experience, for that reason customers will gain the easy of buying products online at Kudler Fine Foods. Additionally, KFF can advertise the unique products and services offered added to having customers enjoy the benefit of shopping online. For instance, coupons, weekly specials, gift cards are some of the incentives that the website can offer to attract more customers’ trough the website and increase revenue. In conclusion, Kudler Fine Foods needs an effective management team to operate successfully at their best ability by allowing them to implement their knowledge and skills to improve productivity around the business.
In order for Kudler Fine Foods to develop a functioning frequent shopper program, it must track and monitor consumers shopping behavior. The drive of market research is to collect data on consumers and prospective consumers. The collected statistics support business decision making, which therefore diminishes the risks involved in making these conclusions. This type of research would also benefit the consumer by lowering the cost on items bought most, while giving them personalized incentives to return. As a result, legal matters concerning privacy of the consumer has risen and established far more attention.
For security reasons Managers can control who has access to the system and each user is assigned a unique security profile that determines exactly what features and functions can be accessed. Specialized Features/Services There are several reasons for the implementation of the new system. The new system will help with controlling inventory, increase sales, and keeping track of the customer buying habits. The Loyalty program offers an excellent marketing tool for targeting customers with product specific to their buying habits. The system also provides great inventory tool to track product movement in each warehouse.
In fact, when you drive down the interstate, it’s rare for you to go more than a few minutes without seeing a Wal-Mart truck (Fishman C. 2006). If it wasn’t for globalization and cultural integration the goods and services Wal-Mart provides wouldn’t be so available to so many people throughout the world. On June 20th 2011 the company announced its completed investment of fifty-one percent in a South-African based company named “Massmart”. The entry into the African continent gives the organization a chance to “serve the underserved” (Wal-Mart.com). Wal-Mart’s growth in the United States and in many other countries around the world has not come without a price.
This would also save money on hiring and training employees to order products for the stores. It will also save time spent on the manual ordering process, and avoid costly mistakes. An automated inventory approach quickly reacts to stock issues to automating general orders, changes in customer demands, electronically submits the orders to the suppliers, and includes program controls to ensure the products are ordered from specified suppliers, and are paying the contracted
The importance of monitoring all the transactions coming and going from each location plays a key role in maintaining not only accuracy in inventory but also accuracy with the general ledger. Although, it would benefit the Kudler Fine Foods if there were written policies on security of the financial and accounting systems. This will minimize any possibility of threats on the systems and will make it easier to notice discrepancies on reports. Through the proper use of the critical information system at Kudler Fine Foods they will be able to properly know where they are spending money, how well their inventory is being maintained, keeping records of their vendors, and making sure vendors are being paid or paying in a timely
Situation Analysis Wal-Mart is the world's largest retailer and the highest revenue-generating business in history. The company is incorporated in the United States of America and operates international outlets in a number of countries worldwide. In 1962, Sam Walton risked all his property to secure finances to start-up a new venture in the discounts retail industry. The store has had its ups and downs, but still thrives in the retail business to extend its growth to other regions across the world. The company has strategically established itself in the United Kingdom, Canada, Brazil, Mexico, Germany, Japan, and South Korea.
Walmart: The Future Is Sustainability Jane Doe Ethics in Today’s Organizations February 23, 2013 Walmart: The Future Is Sustainability A. Summary: In 1962 the small town of Rogers, Arkansas become home to the first Walmart Discount Store. With very little money Sam Walton founded what would become one of the largest retail establishments in the United States topping the Fortune 500 and earning the title of “most admired company in America” two years in a row (Ferrell, 2013, p.329). The small hometown discount store has evolved from a small local chain to an international phenomenon now serving over 200 million customers weekly from over 8,000 facilities in 15 different countries (Ferrell, 2013, p.328). The fast growing success of Walmart can be attributed to Sam Walton’s firm belief in customer satisfaction and hard work (Ferrell, 2013, p.328).
It is our goal to position our products in such a way that our customer experience unrivaled satisfaction mentally and continue to patronize our organization despite our competitors offering. Our organizations offer a unique combination of brands and products at a good-value price. Customers are made aware of our products via numerous advertising and public relation efforts. Also, we have implemented tight control measures backed by an accurate budget to closely monitor quality and improve customer service and overall satisfaction. Table of Content Topic Page Executive Summary…………………………..............................................................2 Situation Analysis………………………………………………………………….4 - 8 SWOT…………………………………………………………………………………9 Marketing Strategy…………………………………………………………………10-12 Financial Information……………………… …………………………………..…….13