Walmart Erp System Implementation : Introduction

The following report contains an analysis with an overview of Wal-Mart Inc. and it’s financial statements. Wal-Mart, one of the biggest corporations and the largest employer in the world, has used exceptional ways of generating revenue and systems of tracking inventory, two very distinct characteristics of the company, while still maintaining a powerful imagine over all these years.

With around 5000 retail outlets worldwide, operating in more then a dozen countries and with over US$286 billion in annual sales, Wal-Mart is the top retail chain and number one fortune 500 company in the world. Wal-Mart is the top employer in the U.S. with 1.3 million employees, “the company accounts for 9 cents of every US retail dollar and sells around 20 per cent of the nation’s groceries and pharmaceuticals.” (Times News Network).

Wal-Mart is the leading retail firm in the United States that is ranked the first in Fortune 500 index because of its sound business practices and huge profits. The company has

Wal-Mart is number one regarding total sales in the list of Fortune 500 index most powerful and wealthiest world’s corporations. It is ranked the second of the most admired companies in the whole world. Wal-Mart is a general merchandise provider; family apparel, household needs, fabrics, toys,

Wal-Mart’s employs 930,000 people domestically and internationally, causing it to be one of the largest employers on the Fortune 500 list. (Course

Wal-Mart was founded by businessman Sam Walton in 1962 as a small retail store in Arkansas, USA. From there it has grown to become the largest retail giant in the world. Ranked by Forbes 2000 list for 2011 as the 18th largest public corporation in the world, Wal-Mart is the highest revenue generating public entity in the world as of 31st January 2011, with gross revenue of 422 billion US Dollars (Walmart Annual Report, 2011). It is also noted for being the largest private employer in the world having just over 2 million employees serving in 8500 stores, in 15 different countries, under 55 different names, worldwide. (Daniel, 2010)

Wal-Mart Stores Inc. helps individuals around the globe spare cash and live better - at whatever time and anyplace - in retail locations, online and through their cell phones. Every week, more than 245 million clients and individuals visit our almost 11,000 stores under 65 flags in 28 nations and e-trade sites in 11 nations. With financial year 2015 net offers of $482.2 billion, Wal-Mart utilizes 2.2 million partners around the world. (Wal-Mart Corporate) Wal-Mart is a superpower in the business world and has been that way for 50+ years. Understanding how it got to this point and how it has maintained its successful business model starts with its

Walmart was founded in the year 1962 in Bentonville, Arkansas by Mr. Sam Walton. In its maiden year of operations, the company garnered revenues of $700,000 in sales. In the next 12 years, it made a drastic rise to $ 5.4 million in sales and subsequently crossed $ 1Billion mark in 1980. By the year 2002, the company’s revenues equaled to 2.3% of the GDP of USA, making it the biggest Retailer in the United States, having already overtaken K-mart in 1992 and in 2000. Walmart had a continuous exponential rise since its inception. This year the company reported revenues of $ 478 Billion with gross profit at staggering $ 121 Billion. This graphical representation shows Walmart’s growth in the past decade.

Wal-Mart is the highest revenue generating organisation in the world (Forbes, 2014). According to WalMart’s annual report (2014), the company owns 6,100 stores in 27 countries. It employees 2.2 million

Wal-Mart’s competitive advantage is driven by its low-cost, high volume strategy which aims to increase profits and customer satisfaction. Sustainable competitive advantage indicates a company’s future success and is determined by different factors. These factors include organizational capabilities such as tangible resources, intangible resources and human resources. One main component of sustained competitive advantage is having superior returns sustained over a long period of time. Wal-Mart has had superior returns and has achieved competitive advantage in the market by making industry key success factors advantageous; they are committed to being cost-leaders and achieving ultimate customer satisfaction. However, their low-cost

According the Fortune 500, 2013 list Wal-Mart holds the number ranking. In 2012, Wal-Mart was ranking number 2.

The company that is listed as number one on the Fortune 500 list is Wal-Mart. This company has much strength that makes it very interesting for investment. Wal-Mart was founded by Sam Walton in the 1950’s and faced competition among many regional discount stores. In 1962 Wal-Mart officially began with its first store in Rogers, Arkansas. Wal-Mart now has over 600 discount stores in the United States and stores located in 28 countries. No matter the size of the company its purpose has not changed over the years. Mr. Sam Walton said, “If we work together, we’ll lower the cost of living for everyone... we’ll give the world an opportunity to see what it’s like to save and have a better

Wal-Mart is the leader in the retail industry in the United States. It has been the leader in its industry for a long

In 2012, Wal-Mart becomes the world ‘s largest corporation; the sales increase to $16 billion in profits.

The most important and readily accessed change is introducing a cloud-based system in the organization with a remote server of the software. Cloud-based systems offer great and improved flexibility. These systems can be upgraded on a continual basis, and it separates the IT system from its hardware platform and significantly reduces the capital cost of the IT infrastructure. Globally, the pharmaceutical companies are using Business Planning and Control System (BPCS) as their ERP software designed for an OS/400 system. BPCS is a software program that is the largest software supplier for AS/400, an ERP system. Global supply chain organizations are moving towards implementing another system called Systems Applications & Products