How Wal-Mart Controls Performance

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Essay #: 060955
Total text length is 6,915 characters (approximately 4.8 pages).

Excerpts from the Paper

The beginning:
How Wal-Mart Controls Performance
With more than $400 billion in annual sales, Wal-Mart is the world’s largest retailer by a big margin.
However, such scale also brings challenges. Retailing is a business with often very thin profit margins: Wal-Mart’s is around 3.5%. It achieves this margin even though it always pushes to provide the lowest prices possible to its customers. Given how enormous the company is and how little margin there is for error, how does Wal-Mart control its performance?
Wal-Mart does so in a myriad of ways, focusing particularly on its control of inventory and suppliers, of which it has more than 50,000 in the United States alone. It rules both with an iron fist, striving to keep costs down as much as possible in...
The end:
.....has not left them with any other alternatives.
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