Walmart

What
surprise me when I was watching this film, they said that this company was the
first company on this planet to report bringing in 265 billion and that global retailer
have the most power in today’s economy.

Walmarts
main strategy is to provide the customer with the lowest cost which catches
their eye but still maintaining a high income. Sam Waltons formula was to buy
cheat and sell less than the other guy and still have high volume and fast
turnover. I believe their strategies of retail are fair because they use the
tellson machines to search for the lowest price and how many they need to order
when they need it.

Walmart
is the one who gets all the benefits because of their strategy and how easy it
is for the customers to just go in one store and get everything they need in a
one-stop shop deal. Also they use the pull system which tells manufactures when
to produce things for the retailers based on what is being sold and how much of
it. By doing that they don’t over produce the product and waste the company’s money.

Kentucky Derby Hosiery is a vendor
of Walmart who has been selling with this company for a long time and knows the
prices and the rules of Walmart because the CEO of the company Bill Nichol
knows how much power Walmart has on your expectations. Walmart want to sell the
product as the lowest cost while the vendor wants a gain in revenue. Also
Rubbermaids CEO, Stanley Gault, tells us that when they finally gave in and sold
to Walmart, their company was uphill from their and in 1994 was the most admired
company. Then, their main supplier that you need to make any Rubbermaid products
told them that they were making their price higher to produce, Rubbermaid then
had to increase their price on their products to still have an income. Walmart
did not like that idea and told them you aren’t going to tell us what to do and
that made Rubbermaid suffer. Walmart took away shelf space and dropped many of
their products as payback.

This documentary has shown me things I didn’t know about the
company and I still wouldn’t change my ways of shopping there. I agree with the
people how easy it is to go in their and be able to get everything on your
list. They have to do what they need to do to keep their company going and they
are doing in successfully. They do have a shady way of doing things but it doesn’t
impact me so I don’t care.

The new jobs that might be created are the vendors to the
Walmart Company. They will buy your goods off of you and you will receive a profit
of the money. Also they can take your job away like Rubbermaid if they don’t like
your price or quality of the product.

Walmart should
balance their needs for their workers by paying them more. They pay their
workers on low wage and don’t give them enough credit as they deserve. They
should give the customers discounts that are fair and pay their shareholders
equally.