A PROJECT REPORT ON WAL MARTIn partial fulfillment of MBA program 2014-16 NRIBM affiliated by GTU.Submitted to,Prof. SRUSHTI MITTALSubmitted on:-10TH NOV.2014Roll no.Name

NR14018ChaudharyAjaykumar

NR14033GanatraDhara

NR14042Gupta Rohan

NR14049Joshi Arzoo

NR14063MadhvaniDrashti

NR14095ParmarVivek

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FOUNDER OF WALMARTSam Walton was born on March 29, 1918, in Kingfisher, Oklahoma. He was the first son of Thomas Walton, a banker, and his wife, Nancy Lee. Early in his life Walton and his family moved to Missouri, where he was raised. Upon his graduation from Hickman High School in Columbia, Missouri, in 1936, his classmates named him "most versatile boy." After high school, Walton stayed close to home and enrolled at the University of Missouri in Columbia, where he graduated with a degree in economics in 1940. Following college, Walton got his first real taste of the retail world when took a job in Des Moines with the J.C. Penney Company, which was still a relatively small retailer. After serving as an Army captain in an intelligence unit during World War II, Walton returned to private life in 1945 and used a $25,000 loan from his father-in-law to acquire his first store, a Ben Franklin franchise in Newport, Arkansas.In less than two decades, Walton, working with his younger brother, James, came to own 15 Ben Franklin stores. Walton was responsible for a lot of the success. His vision of a discount retail store in rural areas was accompanied by the founders hard-charging, demanding style. Walton, who often began his work days at 4:30 in the morning, expected results from those beneath him, and wasnt afraid to change course or reshuffle his personnel if he didnt like the numbers that came back to him. In 1985Forbesmagazine named Walton the wealthiest man in the United States.Over that last several years of his life, Walton suffered from two types of cancer: hairy-cell leukemia and bone marrow cancer. He died of the latter on April 5, 1992, at the University of Arkansas Medical Sciences Hospital in Little Rock, Arkansas. Just a month before his death, Walton was honored by President George H.W. Bush with the Presidential Medal of Freedom.A GLANCE ON WALMARTWal-Mart Stores helps people around the world save money and live better anytime and anywhere in retail stores, online, and through their mobile devices. Each week, more than 245 million customers and members visit our 11,096 stores under 69 banners in 27 countries and e-commerce websites in 10 countries. With fiscal year 2013 sales of approximately $466 billion, Walmart employs more than 2 million associates worldwide. In 2012 Walmart celebrated 50 years of helping people save money so they can live better

COMPANY PROFILE

TypePublic

IndustryRetail

Founded1962; 52years agoRogers, Arkansas, U.S.

FoundersSam Walton

HeadquartersBentonville, Arkansas, U.S.

Number of locations11,088(April 2014)

Area servedWorldwide

Key peopleS. Robson Walton(Chairman)Doug McMillon(President & CEO)

ProductsApparel/footwear specialty,cash & carry/warehouse club,discount store,hypermarket/supercenter/superstore,supermarket,eCommerce

OwnersWalton family

WebsiteCorporate.Walmart.comWalmart.com

MISSION & VISION OF THE COMPANY MISSION Their mission is to provide goods and services for their customers at everyday low prices. With their innovative technology they strive to have merchandise ranging from food, clothes, music, etc, on hand 24 hours a day 7 days a week. They are committed to the growth of Wal-Mart and challenge There self to be better. They strive to have the best, be the best, and provide quality and assurance to their customers Their employees are a huge asset to their company, and they would not be the without them. They have a huge impact on what their company was, what it is, and what it will be. They also feel it is important to give generously to those who are less fortunate than others which is why Wal-Mart donates thousands of dollars a year to different organizations

VISSION

The vision of Wal-Mart is to be the largest and best retail organization of the world, through offering the best products not only on time but also provide efficient service.

LOGO HISTORY

DIVISION OF WALMART

SAMS CLUB:Sam Walton opened the first Sam's Club in 1983 to meet a growing need among customers who wanted to buy merchandise in bulk. Sams Club supports community-based programs that empower young people, families and small businesses to make smart choices that lead to healthy and bright futures. Through cash and in-kind donations as well as the dedication of our associates, we focus on youth entrepreneurship education, small business support, and health and wellness Like other warehouse clubs, Sam's Club sells most of its merchandise inbulkand directly offpallets. The clubs are arranged much likewarehouses, with merchandise stocked in warehouse-style steel bins. Products sold include jewelry, designer goods, sunglasses, crystal and collectibles, electronics, floral, apparel, food and meats. Most locations have Pharmacy, Tire and Battery, Photo, Bakery, Optical, Caf and Floral departments. Sam's Club markets items under the private labelsSimply Right(FormerlyMember's Mark),Bakers & Chefs, andSam's Club including products byRichelieu Foods,a private label manufacturer of frozen pizza, salad dressing, sauces, marinades, condiments and deli salads. Sam's Club does not sell theSam's ChoiceorGreat Valuebrands, that are available in Walmart stores. However, Sam's Club is changing some of the Member's Mark items, such as baby wipes to the name Simply Right. The Member's Mark Deli products is also changing names to Artisan Fresh. Another notable feature in most locations is the presence of stands at whichShopper Eventsemployees prepare various food products for members to sample before purchasing.

WALMART INTERNATIONAL

Walmart became an international company in 1991, and we operate in 26 countries outside the United States. With more than 6,100 stores internationally, we leverage our global resources to meet local needs. Walmart International is currently the fastest growing part of our business and is led by President & CEODavid Cheesewright. As of January 2014, Walmart's international operations comprise 6,337 storesand 800,000 workers in 26 countries outside the United States.There are wholly owned operations in Argentina, Brazil, Canada, and the UK. With 2.2million employees worldwide, the company is the largest private employer in the U.S. and Mexico, and one of the largest in Canada.In the financial year 2010, Walmart's international division sales were $100billion (equivalent to $108billion in 2014), or 24.7 percent of total sales.

WALMART US Walmart US comprises of four types of stores named, WALMART EXPRESS, WALMART SUPERCENTERS, WALMART NEIGHBORHODD MARKET, SUPERMERCADO DE WALMART

1) WALMART EXPRESS :The Walmart Express format was created in 2011 to offer low prices, convenient shopping, and our smallest footprint yetan ideal format for urban and rural areas that lack access to larger stores. Walmart Express stores are about 15,000 square feet and offer groceries, general merchandise and even pharmacies.Walmart Expressis a chain of smaller discount stores, with a range of servicesfrom simple grocery shoppingto check cashing and even gasoline service. The concept is focused on small towns that are not able to support a larger store, and in large cities where physical space is at a premium. Walmart planned to build 15 to 20 Walmart Express stores, focusing on Arkansas, North Carolina and Chicago, by the end of its fiscal year in January 2012."This is about access to breadth of assortment", says Walmart's Anthony Hucker, vice president of strategy and business development.As of December 2011, Walmart Express opened inRichfield, North Carolina,Snow Hill, North Carolina,Gentry, Arkansas, Prairie Grove, Arkansas, Gravette, ArkansasandChicago, Illinois.

2) WALMART SUPERCENTERS:

Walmart began building Supercenters in 1988 a decision that led to become the nations largest grocer. Each store is about 182,000 square feet and employs about 300 associates. Walmart Supercenters offer a one-stop shopping experience for electronics, apparel, toys and home furnishings with the added convenience of a grocery store with fresh produce, bakery, deli and meat and dairy products. Most Supercenters are open 24 hours, and may also include specialty shops such as pharmacies, banks, hair and nail salons, name-brand restaurants, vision centers or health clinics. These stock everything a Walmart discount store does, and also include a full-service supermarket, including meat and poultry,baked goods,delicatessen,frozen foods, dairy products, gardenproduce, and fresh seafood. Many Walmart Supercenters also have a garden center,pet shop,pharmacy, Tire &LubeExpress, optical center, one-hour photo processing lab, portrait studio, and numerous alcove shops, such as cellular phone stores, hair and nail salons, video rental stores, local bank branches.

3) WALMART NEIGHBORHOOD STORES :

Walmart Neighborhood Markets were designed in 1998 as a smaller-footprint option for communities in need of a pharmacy, affordable groceries and merchandise. Each one is approximately 38,000 square feet and employs up to 95 associates. Walmart Neighborhood Markets offer fresh produce, meat and dairy products, bakery and deli items, household supplies, health and beauty aids and a pharmacy.

4) WALMART SUPERMERCADO CENTERS :Walmart opened"Supermercado de Walmart"locations to appeal toHispaniccommunities in the United States. The first one, a 39,000 square feet (3,600m2) store in theSpring Brancharea ofHouston, opened on April 29, 2009. The opening was Walmart's first entry in the Hispanic grocery market in Houston.In 2009 another Supermercado de Walmart opened inPhoenix, Arizona.

PRODUCT RANGE

Best Price Modern Wholesale Store offers over 5,000 items under one roof across multiple categories like

Snacks and Hot Beverages Beverages Packaged Foods Confectionery Commodities Dry Fruits Spices Household items Restaurant Supplies Linen Hair and Personal Care Detergents and Cleaning Aids Luggage Apparel and Footwear Office Supplies and Stationery Electronics and House Hold appliances

FACTS ABOUT WALMART

1. In fiscal year 2012, Walmart registered approximately $444 billion in sales, which is $20 billion more than Austrias GDP. If Walmart were a country, it would be the 26th largest economy in the world.2. Walmart has more employees worldwide -2.2million than the population of Houston. The mega-retailer employs 1.4million people in the U.S. alone.3. If Walmart were an army, it would have the second largent military in the world, behind china.4. The average family of four spends over $4,000 a year at Walmart.5. Each week, Walmart serves more than 200 million customers at more than 10,400 stores in 27 countries.6. One of every four dollars Americans spend on groceries is spend at Walmart.7. Selling of banana is more than any other item in Walmart.8. Chinas exports to Walmart accounted for 11 percent of the growth of the total U.S. trade deficit with china between 2001 and 2006.9. Walmart parking lots alone take up an area roughly the size of Tampa, Florida.10. More than 6100 retail units operated in 26 countries.11. Nearly 140 million people served each week.Nearly140 million

WALMART IN INDIA

Bharti Enterprises tied-up withWalmartfor opening chain ofretailstores all over India. The two companies, in August 2007, made a surprise statement that they have signed a wholesale cash-and-carry deal. The first Best Price Modern Wholesale opened inAmritsarin May 2010. As partners, the two companies jointly built 20 superstores. These superstores are located in major cities such as Amritsar, Zirakpur, Jalandhar, Kota, Bhopai, Ludhiana, Ralpur, Indore, Vijayawada, Agra, Meerut, Lucknow and Jammu.The partnership between Bharti Enterprises and Walmart has been dissolved. But the two companies have now agreed to go their separate ways. Bharti will acquire the Compulsory Convertible Debentures held by Walmart in Cedar Support Services, a company owned and controlled by Bharti. Bharti, which operates 212 stores plans, plans to continue growing independent of Walmart. Bharti indicated that it is committed to building a world class operation and will continue to invest in a retail concept called Easyday. For its part, Walmart will contiunue to operate the 20 superstores opened since 2007 without the benefit of any partnership. However, there is a problem. The Indian government requires retailers to source 30 percent from small suppliers which is difficult for Walmart to comply with. Another problem is the continuing US investigation of fraud in Mexico, Brazil, China and India. In Indian, the government is investigating whether a loan made by Walmart to Bharti broke foreign investment rules.

SWOT ANALYSIS

STRENGTH: Scale of operations Competence in information systems Wide range of products Cost leadership strategy International operations

WEAKNESS: Labor related lawsuits High employee turnover Little differentiation Negative publicity OPPORTUNITIES: Retail market growth in emerging markets Rising acceptance of own label products Trend toward healthy eating Online shopping growth

THREATS: Increasing competition from brick and mortar and online competitors Increasing resistance from local communities Rising commodity prices

SUPPLY CHAIN MANAGEMENTIn the 1980s, Walmart began working directly with manufacturers to cut costs and more efficiently manage the supply chain.Under a Walmarts supply chain initiative called Vendor Managed Inventory (VMI), manufacturers became responsible for managing their products in Walmarts warehouses. As a result, Walmart was able to expect close to 100% order fulfilment on merchandise.The companys supply chain has only become more effective since then. Walmart embarked on strategic sourcing to find products at the best price from suppliers who are in a position to ensure they can meet demand. The company then establishes strategic partnerships with most of their vendors, offering them the potential for long-term and high volume purchases in exchange for the lowest possible prices.Furthermore, Walmart streamlined supply chain management by constructing communication and relationship networks with suppliers to improve material flow with lower inventories. The network of global suppliers, warehouses, and retail stores has been described as behaving almost like a single firm.Wal-Marts whole thing was collaboration Thats a big part of what made them so successful.Also, Technology plays a key role in Walmarts supply chain, serving as the foundation of their supply chain. Walmart has the largest information technology infrastructure of any private company in the world. Its state-of-the-art technology and network design allow Walmart to accurately forecast demand, track and predict inventory levels, create highly efficient transportation routes, and manage customer relationships and service response logistics.Walmarts supply chain management strategy has provided the company with several sustainable competitive advantages, including lower product costs, reduced inventory carrying costs, improved in-store variety and selection, and highly competitive pricing for the consumer. This strategy has helped Walmart become a dominant force in a competitive global market. As technology evolves, Walmart continues to focus on innovative processes and systems to improve its supply chain and achieve greater efficiency. In short, Supply chain management is moving the right items to the right customer at the right time by the most efficient means and No one does that better than Walmart.

DISTRIBUTION SYSTEM OF WALMARTWalmarts 158 distribution centers are hubs of activity for business. Its distribution operation is one of the largest in the world. Walmart logistics has a fleet of 6,500 tractors, 55,000 trailers and more than 7,000 drivers. A regional distribution center can have up to12 milesof conveyor belts, which can move hundreds of thousands of cases through the facility each day. There are 9 disaster distribution centers, strategically located across the country and stocked to provide rapid response to struggling communities in the event of a natural disaster. Each distribution center is more than 1 million square feet in size, and uses more than 5 miles of conveyor belts to keep products moving to our stores 24 hours a day. Every distribution center supports 90 to 100 stores in a 200-mile radius.

Trucks and Truck DriversWalmart is able to move goods to and from distribution centers because this maintain a private fleet of trucks and a skilled staff of truck drivers. Drivers are part of one of the largest and safest fleets, and every year they drive 700 million miles to make millions of deliveries to our stores and clubs. Each driver averages around100,000 miles annuallythats like driving around the world 4 times! Just last year, Walmart drivers logged 28 millionfewermiles while transporting 65 millionmorecases. Those improvements avoided nearly 41,000 metric tons of carbon emissions the equivalent of taking 7,900 cars off the road.

FUTURE PLANS OF WALMART

Walmart is planning to open a new distribution center in Mankato, in late 2015 creating about 300 jobs.

Global expansion is mantra of Walmart for the future.

Walmart plans to hire 1,00,000 veterans over five years

Walmart is moving ahead with a plan to open hundreds of small-format stores

REFERENCES

www.news.walmart.com http://www.biography.com/people/sam-walton-9523270#final-years http://www.wal-martindia.in/ProductRange.aspx http://www.walmart.com/cp/All-Departments/121828 http://www.dailyfinance.com/photos/18-facts-about-walmart-that-will-blow-your-mind/ http://www.therichest.com/business/companies-business/10-mind-blowing-facts-about-walmart/ www.corporateWalmart.com www.walmart.com www.tradegecko.com

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