Understanding Inventory Management. Management Essay

Inventory Management
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With the onset of globalization, it has become really difficult for businesses or brands to manage supply chains (Grob, 2018). Three main things have increased supply chain risks in recent months: a dire need for top-notch products at low prices, a decrease in access to reliable information, and an increase in supply chain complexity.
In the case of Walmart, companies within its supply chain synchronize their projected sales via a well-planned, collaborative, forecasting, and replenishment system. Its supply chain initiative is known as Vendor Managed Inventory (VMI). This is what urges manufacturers to play their duty in manufacturing and distributing Walmart’s products without any compromise on quality.
As such, the brand does not have any problem related to the supply chain. In fact, its supply chain ma...