Wal-Mart

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Wal-Mart

A very large discount retail store chain. Wal-Mart is one of the largest corporations in the world. The first Wal-Mart was established in 1962. It was one of the first companies to practice the just-in-time supply chain management system in order to reduce costs to a minimum. Wal-Mart's founder, Sam Walton, was one of the first retailers to always buy from the lowest priced wholesaler; this drove sales higher, which allowed Wal-Mart to negotiate still lower prices from wholesalers. This practice, while controversial, became a staple of Wal-Mart. It is based in Bentonville, Arkansas.
References in periodicals archive ?
To date, no glitches--only positive glimpses of what's to come,' Wal Mart Chief Information Officer Linda Dillman said Tuesday.
By recruiting Oliver who brings a deep relationship with buyers and operations personal at Wal Mart, and providing CirTran with a local presence in Wal-Mart's back yard, we position ourselves to achieve this key objective and strengthen our relationship with Wal-Mart.