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Essay / Research Paper Abstract
A 3 page paper. Wal-Mart collects an enormous amount of data each week regarding sales and other aspects of its business. This paper describes the knowledge management system at this company. Bibliography lists 3 sources.
Page Count:
3 pages (~225 words per page)
File: ME12_PGkmwm0.rtf
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Unformatted sample text from the term paper:
with this technology, they can track supplies, etc. that are en route to the warehouses. The fact that Wal-Marts annual sales is about half of all of Australia GDP
and that this company alone generates two percent of Americas GDP illustrates the companys need for an excellent knowledge management system (W. P. Carey School of Business, 2006). Wal-Marts growth
rate is not going to stop any time in the near future and as they continue to grow domestically and globally, the company will collect more and more information.
This school wrote that Wal-Mart is "already legendary for supply-chain genius [and now] must refine processes even further if it is to continue to grow at its current clip"
(W. P. Carey School of Business, 2006). That includes gaining even more control than it already has over its supply chain and Mark Barratt who works at this school said
that the company needs to improve "product availability and promotional execution" (W. P. Carey School of Business, 2006). It isnt that Wal-Mart does not already have effective and efficient
processes in place for these aspects of their business. Besides being genius with supply chain management, Wal-Mart is able to get the right products to the right places so that
they are available to consumers at the right time (W. P. Carey School of Business, 2006). This is no easy accomplishment. Wal-Mart is reputed to have the best information
system in the retail industry. Its called Retail Link and it allows the organization to share massive amounts of data with its suppliers on nearly a real-time basis (W. P.
Carey School of Business, 2006). This company tracks about 60,000 units of stock each and every week (W. P. Carey School of Business, 2006). In terms of computer memory, this
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