International Purchasing and Supply-Chain Management Essay

International Purchasing and Supply-Chain Management - Essay ExampleFurthermore, the make up at hand presents some remarkable concepts and models pertaining to purchasing and supply-chain management. It was put up that none of these models could substantially explain in detail the prevailing business model that Wal-Mart employed. However, Porters value-chain model and Reck and Long model were found to energise closer resemblance to Wal-Marts employed model at present. However, there is a significant reason to believe that Wal-Mart considers purchasing and supply-chain management as integral components of a general marketing activity, kind of than separate entities as Porter suggested in his value-chain model. Keywords Wal-Mart, purchasing, supply-chain management, value chain Table of Contents Executive thickset 1 Introduction 3 What Wal-Mart is doing? 4 What the concepts and models are saying? 9 Evaluation of Wal-Marts advance 13 Conclusion 15 References 16 Introduction Ever y firm has its own story to tell, including its scummy inception, its ups and downs along the way, and in conclusion the relevant moves it might have put into consideration in order to elapse the highest point where it might have successfully situated itself at present. thither are many firms that finally reached this point. Among them is Wal-Mart, a firm that is more than just a name, but it speaks of value for customers, that is why it is one of the intimately recognised retail brands and companies in the world for consumer goods. The firm is widely recognised as the retailing teras with major operations across 28 countries under 60 different banners. It was able to branch go forth overseas, extending its competitive advantage way beyond the bound of the competitive market in the United States. Wal-Mart is a retailer of consumer goods that Sam Walton founded in 1962. Its ultimate strategy is to offer products with low costs. Its low-cost strategy is the prima(p) source of i ts competitive advantage, but behind this, its purchasing and supply-chain management have bully contribution too, which have become the common primary interest among various business experts in the academe and in the actual business world. The firm is able to maintain its reputation in the retailing industry by reckoning on its purchasing and supply-chain management. Here where the firm is able to generate great volume, a continuing outgrowth of its large scale and eventually lower cost for its product offerings. The firm is able to establish competent and advanced inventory management system, and little and not so costly promotion and advertising efforts. Concerning this, it is of great interest to know whether the prevailing concepts and models about the purchasing and supply-chain management reflect on the condition of Wal-Mart at present. Regarding this point, the work at hand tries to critically evaluate the Wal-Mart approach to purchasing and supply-chain management agains t models and concepts explored in the class. There are many important points to be discussed regarding the above objective, but it is important to consider first the things that Wal-Mart is doing in the industry, primarily in the context of purchasing and su