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Wal Mart Company Financial Data Paper

Content type

User Generated

Subject

Marketing

Course

HIST 125 6382 Technological Transformations

Type

Research Paper

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Running Head: WAL-MART 1

Wal-Mart

Student’s Name

Institution

Date

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WAL-MART 2

Introduction

Data analysis plays a vital role in decision making within a company. It provides

insight into decisions based on improving the efficiency and productivity of the company.

This enables intelligent decision making by providing infrastructure of data, business

processes, data tools, and visualization. In this case, we will study and analyse the financial

data of Wal-Mart that uses the strategy of cost leadership. This strategy makes Wal-Mart rely

more on sales volume rather than huge profit margins for its success. The strategy is also easy

to copy by the competitors (Ellickson, 2016).

Areas of improvement

“Wal-Mart should improve its HR management standards and also the quality of its

products to improve the performance of the firm. Wal-Mart should also consider expanding

its business to exploit all the economic opportunities available in the developing markets.

Wal-Mart should improve the customers' shopping experience by stocking the shelves

overnight to ensure that the customers get all they need throughout the day.” It should

strengthen its shopping skills and ensure the stores are well merchandised, clean, tidy, and

managers operating them are well engaged. Another area of improvement is on the inventory

levels.

Wal-Mart should ensure it gets its inventory right by planning better and cutting down

the prices of the items nearing their expiry to avoid shrinkage. The quantity of inventory and

its flow require attention which also delivers value to the consumers. Wal-Mart also needs to

re-evaluate the layout and design of the stores in both the neighborhood and supercentres

formats such as the ease of navigation, temperature, and store lighting. Wal-Mart should also

integrate both physical and digital retail. It should improve the store pick up areas and

grocery home shopping on the over 4,500 stores that are 10 miles from about the residential

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Running Head: WAL-MART 1 Wal-Mart Student’s Name Institution Date WAL-MART 2 Introduction Data analysis plays a vital role in decision making within a company. It provides insight into decisions based on improving the efficiency and productivity of the company. This enables intelligent decision making by providing infrastructure of data, business processes, data tools, and visualization. In this case, we will study and analyse the financial data of Wal-Mart that uses the strategy of cost leadership. This strategy makes Wal-Mart rely more on sales volume rather than huge profit margins for its success. The strategy is also easy to copy by the competitors (Ellickson, 2016). Areas of improvement “Wal-Mart should improve its HR management standards and also the quality of its products to improve the performance of the firm. Wal-Mart should also consider expanding its business to exploit all the economic opportunities available in the developing markets. Wal-Mart should improve the customers' shopping experience by stocking the shelves overnight to ensure that the customers get all they need throughout the day.” It should strengthen its shopping skills and ensure the stores are well merchandised, clean, tidy, and managers operating them are well engaged. Another area of improvement is on the inventory levels. Wal-Mart should ensure it gets its inventory right by planning better and cutting down the prices of the items nearing their expiry to avoid shrinkage. The quanti ...
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Tags: data analysis efficiency and productivity intelligent decision making Data Tools Wal Mart Company