Question

Walmart is the master of supply chain management, finding the best sources for high-quality materials and supplies at the lowest cost. Walmart excels at O financial management operations management. O

Answer 1

Wal-Mart's efficient supply chain management enables low prices but has been criticized for negative effects on small towns, labor practices, and local economies. Its recent sustainability goals aim to address environmental concerns while continuing to scrutinize its labor practices.

Step-by-step explanation:

Wal-Mart's mastery of supply chain management is a cornerstone of its business strategy, which enables it to offer goods at lower prices than competitors. By leveraging economies of scale, Wal-Mart is able to exert substantial pressure on its suppliers to procure materials and supplies at minimal cost, thereby allowing the retailer to maintain a cost structure that supports its low-price model. This approach, however, is not without controversy as it has significant effects on the economic fabric of small towns, often leading to the phenomenon known as Wal-Martization. Critics argue that Wal-Mart's presence can destabilize local businesses, impact labor practices, and create negative economic externalities.

Moreover, as part of its adaptation to modern economic challenges, Wal-Mart has announced ambitious sustainability goals. By 2040, it aims to reduce its global emissions to zero, emphasizing the use of renewable energy and electric vehicles to mitigate its environmental impact. Despite these efforts to address indirect emissions and their overall environmental footprint, Wal-Mart's labor practices continue to be scrutinized and have on occasion incited global criticism.

Suppliers, employees, and local economies are all involved in the ripple effects of Wal-Mart's business model, illustrating the complex interplay between operational efficiency, economic impact, and social responsibility faced by multinational corporations in the retail sector.

Answer 2

Walmart excels at operations management, which involves managing and improving the processes that create goods and services.

Step-by-step explanation:

Walmart excels at operations management. Operations management involves managing and improving the processes that create goods and services.

In the case of Walmart, this includes managing the supply chain, controlling inventory, and optimizing logistics to ensure efficient and cost-effective operations. Walmart's ability to find the best sources for materials and supplies at the lowest cost is a testament to their expertise in operations management.

By effectively managing their supply chain, Walmart is able to offer affordable prices to customers while maintaining profitability.