Course: Operations Management There are two assignments in total, the assignment requirements are in the attachment, please refer to the tutor, thank you! APA format

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Course Title: Operations Management

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Industry Business Summary

Walmart

With more than 11,000 locations in 28 countries, Walmart is a market leader in the retail industry. Walmart, one of the biggest corporations in the world, significantly influences how its supply chain's operations are managed. The supply chain for Walmart is quite complicated and comprises a number of parties, including suppliers, distributors, and manufacturers (Elimimian & Elimimian, 2020). Walmart employs a range of operations management strategies, such as project scheduling, supply chain management, and design decision analysis, to guarantee the effective and efficient management of its supply chain.

Walmart uses a number of project scheduling approaches to make sure that activities are successfully completed. Project scheduling is a crucial component of operations management (Karim et al., 2020). Gantt charts and PERT charts are two scheduling techniques used by Walmart. With the use of these tools, Walmart is able to see how jobs are progressing, spot any possible delays or bottlenecks, and modify resources as necessary.

Project scheduling helps Walmart manage its supply chain activities more effectively.

Walmart uses supply chain management strategies to boost productivity and cut expenses. Walmart is able to simplify its supply chain and use fewer vendors by utilizing strategic sourcing and supplier relationship management (Winata & Ellitan, 2023). This lowers expenses and boosts the effectiveness of the supply chain's operations. The company uses cutting-edge analytics to track the performance of its supply chain, which enables it to spot potential for cost reductions and increased productivity.

Walmart makes judgments regarding its operations using design decision analysis. Design decision analysis is a method for analyzing the potential outcomes of various actions using quantitative data. This method is used by Walmart to compare various supply chain configurations and choose the one that would be the most effective and efficient (Karim et al., 2020). Walmart is able to make well-informed judgments regarding its supply chain operations and make sure it is running efficiently thanks to the usage of design decision analysis.

References

Elimimian, J. U., & Elimimian, T. E. (2020). An Analysis of Cybersecurity Functions: Issues of Integrity Targeting Wal-Mart as a Global Supply Chains Organization. Manag Econ Res J, 6(4).

Karim, M., Tahera, U., & Nasrin, S. (2020). Supply Chain Management: Materialization of Process Management to Attain Greater Accomplishment in Business Function. Fareast International University Journal, 104.

Winata, M., & Ellitan, L. (2023). The Effectiveness of Technology Development Towards Walmart’s Sustainability Supply Chain Management. J-CEKI: Jurnal Cendekia Ilmiah, 2(2), 224-248.