Conclusion

Wal-Mart Stores, Inc. is an American public corporation that runs a chain of large discount department stores. Sam Walton, founder of Wal-Mart, opened his own discount and retail store in Rogers, Arkansas. The popularity of the stores grew so much Walton open the first Wal-Mart in 1962 and the store just grew beyond any one's imagination. From there Walton open more and more stores the moving over seas and finally in the year 2000 Wal-Mart was listed for the first time in the "Fortune 500" list of the world's biggest corporations. In Sam Walton gives the responsible of Wal-Marts success by being able to successfully sell products to customer to satisfy their personal needs with good prices.

One of the biggest reasons why Wal-Mart one of the largest retaliers in the world is because of the used of supply chain management. The supply chain management used is an IT-based system which is vital to make sure the inventory is precise. It tracks inventory and information among the business process and the company as a whole. Wal-Mats supply chain management system focuses on squeezing every penn possible out of the supply chain so Wal-Mart can sell their products as cheap as possible.

Wal-Mart Overall Cost Leadership and Bottom-line initiative is the foundation for the reason why the store is one of the largest retailers. Wal-Mart's slogans of "Always Low Prices!" and "Every Day Low Prices" accurately describe the strategy of overall cost leadership.

Wal-Marts supply chain management based on IT-technology is very looked down upon it the industry because it drives excess time and unnecessary costs out of the supply chain. Wal-Mart can buy low, and sell even lower than all the other companies in the industry today.

Wal-Mart became the first major retailer to demand manufactures use radio frequency identification technology (RFID). The technology used radio frequencies to transmit data stored on small tags attached to pallets or individual products. RFID tags hold significantly more data than bar codes.

What I learned is the in the business of saving people money Wal-Mart will do about anything to try and make that happen because that was the true goal of Sam Walton when he opened his first discount store in Rogers, Arkansas. The way that Wal-Mart will keep being the number one retailer is by the use of technology. Stay one step ahead of all the other companies in technology and Wal-Mart will continue to grow and dominate their field.