An Organization’s Competitive Advantage]
Prior to beginning work on this assignment, review Chapters 3 and 4 in the required textbook, Operations and Supply Chain Management. In addition, review the WalmartLinks to an external site. website.
In retail, point of sale capability is directly tied to factories and supplier cooperation. For example, Walmart’s trucking and GPS, cross-dock warehouse load and unload operations, and RFID enable their supply chain to be fast and on-time (i.e., reliable). Outsourcing and supplier discounts for huge order sizes give Walmart much power in the global supply chains. Competitors such as Target, Safeway, and Costco have copied many of their methods and practices, so Walmart’s competitive advantage has diminished.
Using Walmart’s case as an example, select another company, and review their competitive advantage. How does the company use the competitive priority cost to its competitive advantage? Research, then explain, and provide examples.
In your paper,
- Research how your selected company uses the competitive priority cost to its competitive advantage.
- Explain your company’s priority cost as a strategic advantage.
- Provide examples from your selected company.
The An Organization’s Competitive Advantage paper
- Must be two to three double-spaced pages in length (not including title and references pages) and formatted according to APA Style as outline.
- Must include a separate title page with the following:
- Title of paper
- Student’s name
- Course name and number
- Instructor’s name
- Date submitted
There are different opportunities associated with the addition of new requirements late in the project planning process. Firstly, it will increase the efficiency of vendor managed inventory system. As a result, there will be seamlessness in the working relationship between vendors and Walmart. Vendors will have the ability to accurately determine the timing and quantity of goods needed when restocking their inventory. Secondly, the change will lower the inventory costs for Walmart. That is because the company will not run out of products to sell once the new system is implemented. The third opportunity is that International Logistics Services will make additional revenue when implementing the new requirements.
Even so, there are threats associated with introducing the alteration to the project scope late in the planning stage. Firstly, the change might lead to instances of miscommunication between the stakeholders involved in the project. That is because they were accustomed to planning for the project in s specific way. There might be cases of resistance to change, resulting in instances of miscommunication. Secondly, there might be a scope creep risk (Kloppenborg et al., 2019). Specifically, the additional feature associated with the change will increase the costs of undertaking the project. In many instances, the cost change is unavoidable and might lead to stalling of the entire project. Thirdly, there might be a threat of operational risk. That is because the integration of the change into the planning process might require an increase in the number of people working on the project. When people are added, there will be a need for training and informing them of the present stage of the planning process. That might result in a stalling of crucial operations in the project. Lastly, the changes might lead to decreased performance among stakeholders in the project. That is because of the disruption to the workflow.
Kloppenborg, T., Anantatmula, V., & Wells, K. N. (2019). Contemporary project management (4th ed.). Cengage Learning.