Wednesday, December 16, 2009
12/16/09 CPM, Gantt, PERT, and Supply Chain Management
Wednesday, November 11, 2009
Quality Control and Improvement 11/12/09
- Source: Thomson Reuters
Sunday, November 1, 2009
Service Process Design 11/1/09
The service product bundle consists of explicit services, implicit services, and facilitating goods. Walmart being in the retail as well as grocery business lacks partially in the services end of the product bundle. Walmart's merchandise is defined as the actual facilitating goods in the product bundle. The implicit service can be the satisfaction derived from the monetary savings achieved by purchasing their products as well as having particular needs satisfied. The explicit service is the most difficult to clearly define but in a Super-Walmart's case (meaning having groceries) tangible services can be having meats, sandwiches, etc. prepared at the deli. Also included can be having knowledgeable staff located in the store to assist customers. Most of Walmart's hardware departments offer paint mixing or blending as well as key cutting services both can be considered explicit services. The book depicts businesses such as these as being about ninety to ninety five percent goods and five to ten percent services.
Sunday, October 4, 2009
Process Selection:
Tuesday, September 22, 2009
Wal-Mart’s inventory management system is a highly complex electronic concept. This system uses technology in order to achieve the fastest up to date inventory system available. First inventory amounts are calculated and entered into a database which is the basis for the complex inventory management system. Every product that is distributed through Wal-Mart uses a universal product code otherwise known as a UPC tag or bar code. Contained in the UPC tag is certain information that will reveal characteristics of that particular product such as price, department, and what that product is. When the item is brought to the check out the item UPC code is scanned and immediately the inventory level is reduced by however many units of that product were purchased. Now, when inventory begins to diminish and reaches a certain number an alert is sent to the supplier as well as members of the management team issuing a restock on that particular item before a stock out occurs. Suppliers can check current inventories through Wal-Mart’s inventory database without having to even leave the office.