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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 947 |
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Wal-Mart is able to squeeze out the lowest cost from supplies by buying in bulk and then passing those savings down to customers. Walton's philosophy was to pass down these savings down to customers and in return volume will dictate the company's profits. During the process, Wal-Mart embraced technology and was one of the first companies to use technology to track their inventory supply to keep proper inventory in stock at all times...
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During the process, Wal-Mart embraced technology and was one of the first companies to use technology to track their inventory supply to keep proper inventory in stock at all times. This early innovative initiative had a huge impact early in their success and is now imitated by many businesses. Today, Wal-Mart buys from over 61,000 suppliers in the United States...
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