... he originally noted on yellow legal pads. From the very beginning, he wanted to know what the customers purchased, what inventory was selling and what stock was not selling. Wal-Mart now "tracks on an almost instantaneous basis the ordering, shipment, and delivery of literally every item it sells, ... the hand held scanners and better electronic cash registers. Again these devices "helped Wal-Mart become more efficient at tracking goods, reordering them, and keeping them in stock. With the hand held scanners, for example, "managers could now inventory and reorder goods in an hour and a h...

• Word Count: 2514
• Approx Pages: 10
• Grade Level: Undergraduate

... guaranteed. Wal*Mart led the industry in 1993, with $67,345,000 in net sales. Their gross profit was 24.9 and net income was 2,333. Their end of the year stock price had gone down slightly form the previous year to $25 per share. One might say that Wal*Mart has been a real player in the discount retail store industry and ... are in the growth/maturity phase and just as Wal*Mart copied industry leaders during this phase, so too are these companies. Whether it's owning their own distribution centers or investing in electronic scanning of UPC at the point of sale, Kmart and Target are catc...

• Word Count: 2102
• Approx Pages: 8
• Grade Level: Undergraduate