Increase productivity and efficiency . Walmart aims to improve productivity throughout the organization through lower expenses on new store openings and an increased focus on customer initiatives, store remodeling and e-commerce. In fiscal year 2018, Walmart grew its store count by 23, the lowest number over the last five years.
Wal Mart motivates their employees with health and financial benefits . Some of these include health, dental and life insurance, and an eyewear program. Employees also receive a 401 (k) plan, have the opportunity to purchase stock, receive a discount card and can receive special discounts on travel and entertainment.
A frequent question we ran across in our research was “What motivational strategies does Walmart use to motivate employees?”.
The motivational strategies that Walmart is using to motivate its employees are, namely: 1. Employee empowerment , 2. Selection and training, 3. Performance appraisal, 7. Alternative work Schedules, and 8., and leadership styles.
How is Wal-Mart improving performance to meet the customer’s needs?
In order to fulfill their customer´s needs, Wal-Mart is working permanently on improving performance to operate in more efficient way by adjusting their strategies to meet the expectations of their customers .
A common query we ran across in our research was “How can walmart improve its supply chain?”.
Some think that in practical terms, this means seeking out more efficient supply chain strategies so savings can be passed along to the customer. Walmart shares inventory data with suppliers to maintain better stock levels . Suppliers use this data to form more accurate forecasts and prepare more effectively to meet the retail giant’s needs.
Sustainability continues to make Wal-Mart a better company by reducing waste (recycling), lowering costs, driving innovation, increasing productivity which helped them to fulfill their target goal.
One way to think about this is This strategy has helped Walmart become a dominant force in a competitive global market. As technology evolves, Walmart continues to focus on innovative processes and systems to improve its supply chain and achieve greater efficiency.
When I was reading we ran into the inquiry “How does Walmart use supply chain management as a competitive advantage?”.
Some have found that in addition, Walmart’s supply chain has high efficiency because of advanced technologies for monitoring and controlling the movement of products from suppliers to its stores. In this SWOT analysis, such organizational and business strengths provide competitive advantage, especially against smaller retailers .
Walmart has embraced technology and automation: they’ve innovated their supply chain so they could track inventory and seamlessly restock inventory , while also passing on savings to their customers.
This of course begs the query “Can Wal-Mart’s technology programs change the way it does business?”
The answer is that When Wal-Mart makes up its mind to cut prices and do what it must to accomplish that, suppliers and competitors have little choice but to change the way they do business too . Here’s a look at some technology programs underway at Wal-Mart and how they could change the productivity paradigm for retailers and the broader economy.
A frequent inquiry we ran across in our research was “How can Walmart continue to expand its business internationally?”.
Our answer was the company must continue expanding its business to exploit economic opportunities in developing markets . Walmart’s strengths based on its global organizational size, global supply chain, and high efficiency of the supply chain can support aggressive global expansion in foreign markets.
What is Walmart’s my productivity app?
Now every member of Wal-Mart’s in-store management team has a My Productivity smartphone app to request restocking of certain items and check sales trends while they roam the aisles and assist customers.
How does Walmart handle the Human Resource Department?
For Walmart, the effectiveness of handling the human resource department is obtained through motivation, internal promotion, and as well external recruitment . The way workers are managed at work is a crucial part of the management procedure.
Why do you want to work at Walmart?
Workers wish to work in an environment where other workers have the same values with them and this is what Walmart provides. Although Walmart does not offer big salary to its associates, it gives back in other aspects such as insurance and other fringe benefits.
Hence, Walmart addresses its employees as the company’s associates because this makes the employees feel more committed and involved in the company . Further, Walmart ensures that all its associates wear their ID badge with only their first name on it.