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. Burritt , C., Wolf, C. & Boyle, M. (Ma7 27, 2010). “Why Wal-Mart Wants to Take The Driver’s Seat.” Businessweek.com. Accessed June 10, 2010. “Dear EarthTalk : I heard that Walmart is having a bigger positive impact on the environment than any other U.S. institution. What are they doing along these lines?” (May 16, 2010). Earth Talk. Retrieved June 10, 2010, from Research Library. Gaudin , S.. (2008, April). Some Suppliers Gain From Failed Wal-Mart RFID Edict. Computerworld, 42(18), 12-13. Retrieved June 10, 2010, from Research Library. “Issues/Supplier Relationships.” Walmartwatch.com. Accessed June 10, 2010. “The Real Facts About Wal-Mart: Wages.” Wakeupwalmart.com. Accessed June 10, 2010.