10 Questions
What is one of the most important tools available to managers for achieving higher levels of efficiency and productivity in business operations?
Information systems and technologies
What system digitally links Walmart's suppliers to every one of its stores?
Retail Link system
What was Walmart's sales figure in fiscal year 2014?
$473 billion
What does Walmart's Retail Link system enable suppliers to do as soon as a customer purchases an item?
Ship a replacement to the shelf
What contributed significantly to Walmart's achievement of $473 billion in sales in fiscal year 2014?
Retail Link system
What is one of the most important tools for achieving higher levels of efficiency and productivity in business operations?
Information systems and technologies
What is the primary function of Walmart's Retail Link system?
Digitally links its suppliers to every one of Walmart’s stores
What contributed significantly to Walmart's achievement of $473 billion in sales in fiscal year 2014?
Retail Link system efficiency
What does Walmart's Retail Link system enable suppliers to do as soon as a customer purchases an item?
Know to ship a replacement to the shelf
What is the significance of Walmart achieving $473 billion in sales in fiscal year 2014?
It represented nearly one-tenth of retail sales in the United States
Study Notes
Achieving Efficiency and Productivity in Business Operations
- One of the most important tools for achieving higher levels of efficiency and productivity in business operations is the Retail Link system.
Walmart's Retail Link System
- Retail Link is a system that digitally links Walmart's suppliers to every one of its stores.
- The primary function of Walmart's Retail Link system is to enable suppliers to monitor and manage their inventory levels in real-time.
- The system enables suppliers to automatically replenish their stock as soon as a customer purchases an item.
Walmart's Sales Figure
- Walmart's sales figure in fiscal year 2014 was $473 billion.
- The implementation of the Retail Link system contributed significantly to Walmart's achievement of $473 billion in sales in fiscal year 2014.
- Achieving $473 billion in sales in fiscal year 2014 is significant because it highlights the company's ability to optimize its business operations and achieve high levels of efficiency and productivity.
Test your knowledge of how information systems and technologies can improve business efficiency with this quiz. Explore the impact of these tools on operations, productivity, and management behavior, using Walmart as a case study.
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