Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Quality management case study
Research objectives of quality management
Quality management case study
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Quality management case study
Walmart 32nd St. is a store located in the foothills area of Yuma Arizona. The highest sales of the store are recorded from October to March every year due to winter visitors in the area, and average of 44,000 customers per month during winter time. The store has quality management and inventory problems during this period of the year due to a high rate of sales faster than the system recording average of sales. This report is written to analyze the cause and effect of problems that affect the store, and to develop solutions by implementing quality management and six sigma techniques into the store. The Cause-and-Effect Diagram analyzes six major causes of the problem, which is the goal not yet achieved, the following are the major causes; inventory, management, customer service, tracking systems, marketing and winter customers. Quality management techniques will help Walmart 32nd St. to improve the following; fewer customer complaints, more inventory on shelves availability, more employees on the floor, less waiting time for costumers, more features available, and lower price. Six sigma initiatives at Walmart 32nd St. will produce many benefits to the store; such as, improving customer loyalty, time management, reduce customer waiting time, mispriced labels, employee …show more content…
As well, I would like to develop and improve my reporting skills, and to organize ideas in a proper way in order to communicate them effectively while writing business reports. I would like to reach all the expectations of this class, and use learned skills in other classes and my career as a business major. I expect to understand my opportunities and challenges that I am encountering as completing the program, and improve them while learning in this class. The completion of this report will help me to set a clear vision to develop a capstone project that relates to my own
According to Smithson, Walmart can expand its markets to new and emerging markets especially in the third world countries, which can significantly increase its revenues. Secondly, the company can reform is employment practices and improve the quality standard and in doing so, attract more customers and improve its brand image. On the other hand, the company faces threats such as the rising healthy lifestyle trend I that the company in most cases does not provide customers with healthy goods. At the same time, the company can capitalize on this aspect and increase its revenues. Aggressive competition from other discount retailers such as Target creates a great threat to the company (Smithson, 2015).
Upon entering the Wal-Mart store, anywhere in America, one can use predictability because all Wal-mart stores have the same look and offer a “one stop shopping” experience. Shoppers expect the same shopping experience found in one Wal-mart to be available at the same price and quality as the next Wal-mart. All Wal-marts run their business the same way. Calculability simply means quantity over quality. Wal-mart doesn’t say they offer the best brands-they offer everyday low prices and return/refund options when the purchased object doesn’t work, falls apart, or doesn’t meet expectations. Efficiency is what Wal-mart prides itself upon. Convienent parking and wheelchairs for handicapped individuals, 20 items or less checkout, large display signs noting where items are located, and departments are just a few examples of how Wal-mart taps into efficiency. Lastly, Wal-mart uses control in all aspects of a customer’s shopping. The “McDonaldization” of control at Wal-mart has become the norm, and a customer may not even be aware of the control. Walking in, one grabs a shopping cart. One pushes from one area to another, up and down the aisles. One selects purchases and then goes through the checkout line, similar to cattle being feed. The Wal-mart worker is controlled by his blue vest and the constant “swiping” of each SKU
Levy, Michael, Barton A. Weitz, and Dhruv Grewal. Retailing Management. ed. New York, NY: McGraw-Hill Education, 2014. Print.
Nordstrom is one of the top retailers in the United States. With a solid brand image and a sound financial situation, Nordstrom is relentless in their expansion in the US, and are beginning to expand into international markets. Nordstrom takes pleasure in providing state of the art client support and having experienced sales people. In order to hold their position as the most successful high-end retailer in the United States, Nordstrom must continue to figure out ways to improve their brand image and customer satisfaction. Nordstrom’s current business working strategy is successful but I believe there are a few ideal solutions that the organization could apply to further enhance the organization. Due to the aggressive characteristics of the fashion retail store market, it is crucial that Nordstrom preserves an aggressive advantage providing the highest level of customer support as possible.
Best Buy, a 47 year old business, has faced countless challenges over the years. While Best Buy’s reputation has fluctuated, the company has presented several strategies to deal with these problems by creating plans to stabilize and promote growth. Through an in-depth analysis, the following areas were studied performance, environment, and organization. The analysis will assist in examining Best Buy’s strategies and core competences. The objective of this study is an understanding of the challenges and to figure out what makes the organization successful.
Understanding the changes in the market and the growth of e-commerce prompted the organization to invest heavily in its supply chain management forecasting and management system. The development of a network of distribution centers and Direct Fulfillment Centers to position the company to capitalize on the growing e-commerce market indicate a strong understanding of the need to adapt to changing market forces. The company spent over $300 million on new distribution center facilities in 2014 alone, and continues to expand to maintain efficiency in product movement (Cassidy,
Instead of segmented purchasing through regional managers, all purchasing decisions were shifted to Atlanta, Home Depot’s headquarters. He also changed the managerial decision making process to be based on performance data rather than “gut-feelings”. Companywide analytics and improved information systems were implemented to support this new approach. In addition, GE engineering processes such as six sigma was used to create strict KPIs to allow management to track performance of stores. Failure to meet KPIs resulted in termination of managers or employees, creating a climate of fear.
In order to succeed, managers have to realize that they cannot do it alone and they must work together on a daily basis with the whole organizations in their supply chains. Because supply chain management involves all functions within an organization, managers need to know what a supply chain is, why it is important, and the impact of supply chain management on the success and profitability of their organization. Today, Wal-Mart topped the list of the America’s biggest companies on the Fortune 500 list, “with sales of almost $345 billion — more than a quarter of a trillion dollars” (Forbs). Wal-Mart’s supply chain management is becoming recognized as a core competitive strategy.
Walmart is a retail giant that just about everyone in America has purchased something from them. It is a one stop shop for anything that a person could ever need. Walmart stores can be found anywhere in fact most people are less than an hour drive away from a Walmart store. Walmart’s success has put many companies out of business. The chains success is primarily from low prices and using an information technology system to meet customer demands giving them a competitive advantage. Walmart’s first major use of information technology came in 1975 when the company leased an IBM computer system to track inventory in warehouses and distribution centers. Computers have come a very long way since this time and are used almost everywhere. But in 1975 this was cutting edge technology and gave Walmart the competitive advantage over other retailers. Another thing that Walmart used to be revolutionary in their supply chain was the use of scanning barcodes in 1983. Before barcodes objects had to be read by a skilled cashier. With barcodes all that was needed was a quick scan and the computer would do all the work. This greatly sped up checkout time and made tracking inventory and data collection much faster and easier for both customers and the employees. Since this time it has become an industry standard for products.
By the 1980s, just before the rise of Wal-Mart, Kmart had become complacent. It believed it would be the king of discount retailing, now and forever. It didn't perform an accurate SWOT analysis, but to be fair, who could have seen the rise of Wal-Mart to the position of the world's number-one retailer? Still, as Wal-Mart built new stores in town after town, supported by cutthroat pricing and solid logistics, Kmart's complacency would cost them. Part of the problem was that as Wal-Mart was pouring money into information technology (IT), Kmart's IT budget continued to shrink – not just once, but several years in a row. While Wal-Mart's logistics and supply chain management got sharper, Kmart's stagnated. And while Wal-Mart was able to squeeze more value out of its stores and its systems, Kmart lost ground. By the time Kmart had finally decided to start devoting more resources to IT, it was so far behind Wal-Mart that catching up would have been a near-impossible task without the recession in the early part of this decade. With the effects of the recession taken into account, Kmart instead was consigned to also-ran status among discount retailers.
The furniture company Somerset needs to retain its customer service record and remedy any of its global supply chain issues before it has an adverse effect on the brand and start losing customers. With a frequent change in the product catalog, keeping an excessive inventory will cut its profit and some of the product may become obsolete even before the furniture hits the retail outlet stores. In order to achieve profit and success, business employee many strategies and the supply chain strategy are one of the operational management techniques that use analytical decision making process to achieve the company goals and provide tools to effectively compete in the market (Taylor and Russell, 2014).
It is undeniable that Inventory Management is an important key to success at Walmart this paper will discuss the two main methods of Inventory Management used by Wal-Mart: Material Requirements Planning and Just-in Time. Next we write about the technical means of keeping track of inventories like RFID tags. We conclude with discussing how
The benefits or competitive advantage Wal-Mart derived over the years from its supply chain management practices is also covered. The reason Wal-Mart is ahead of their competition is because they invest in technology in the 1980s. This investment paid off in the long run. Wal-Mart invested heavily in IT and communication systems to effectively track sales and merchandise inventories in stores across the country. They have set up own satellite communication in 1983. Employees at the stores have the ‘Magic Wand’ at hand. These barcode scanners allow you to check the prices of items at that particular store by scanned the barcode on the product. This is especially helpful when there is clearance that isn 't always marked and sometimes clearance items are cheaper than they
One of the components of Walmart’s supply chain in which their success is heavily relied on is the continuous improvement of their supply management as a whole, particularly within their e-commerce division. According to an article on the website logistics company Cerasis, “Not only has Walmart excelled over the decades in traditional supply chain management, but. is also focused on continuous improvement by investing more into emerging technologies to capture more of the e-commerce market.” (University of San Francisco, 2015). A concept that our class discussed time and time again throughout the semester was the concept of continuous improvement.
This class helped me to become more aware of my weaknesses. I recommend this module to all students. The resources helped me to understand how I could become more effective and to realize my own strengths and weaknesses regarding my skills and working in a group environment. I found the Business Ethics principles an inspiring module. I think everyone should learn these principles.