Walmart is the retail giant which is still standing strong with a mammoth revenue of $648 billion. The company has witnessed a series of changes where a business needs to evolve and change and adapt to the market conditions. 

The eminent risk of the company was the rise of the e-commerce platforms, and that was taking away the market share from the company. However, the company has made the timely shift, and that helped the organization to remain relevant and incorporate the latest technology which allowed the business to stay competitive ever after. 

One of the core areas where the company has made a change is the development of the modern supply chain, and that made the organization successful and helped it to remain strong in the face of adversities.

Why Supply Chain is Important for a Retail Business? 

The supply chain is a vital part of the business as it joins the manufacturers and the retailers in a straight line and makes a product available efficiently in front of the customer. To fix the issues of the management, one might apply the inventory management RFID and other resources that are quite good in quality and mobilize the supply chain of the company. 

The better the supply chain more operationally excellent the company will become, and through that, a company can become successful in the retail business. Here, we will look into Walmart’s strategy of improving the supply chain and increasing the retail business. 

Investment in Supply Chain from an Early Stage

Walmart is an organization that has understood the retail game long before other players. When the Internet opened the channel of online shopping then, only it understood the need to fulfill orders and invest in the supply chain to prepare the business to take on the competition when it faces similar brands that are selling through e-commerce. 

Removing the Hindrances from the Supply Chain 

The next thing that the company has changed is starting to make purchases in a bulk order and then transporting those goods to the large network of Walmart stores. Now, to catch on the e-commerce trend and to start delivering to the customers it has started to make ties directly with the manufacturer. 

With fewer intermediaries in the supply chain, it can protect margins and remain profitable in this venture, also taking on the competition directly. In this case, any other company can also invest in an RFID warehouse tracking system, which allows the company to streamline the supply chain and restore the margins of the business. 

Fostering the Long Lasting Relationship With the Vendors 

The next is the role of the long-lasting relationship with multiple vendors, and that is a necessary faction of the business. It has helped Walmart to build strategic relationships with the vendors, and that helps the brand to keep the customer’s price competitive.  

Creating Regional Distribution Centers 

Finally, it’s the regional distribution through the stores of Walmart. The company has gained the strategic advantage of giving customers a shopping experience and even delivering items to its customer’s homes. 

These are some of the key aspects that allow the company to stay relevant in the retail business and remain a dominant player in the market.