Comparison of Supply Chain Management Practices Essays -- Wal-Mart and

This key provides a comparison of the supply train caution practices of Wal-Mart and Toyota. analogy was do after researching, examining, and analysing each companys supply set up management practices, in relation to each companys values and philosophy. compare was done in five sections, by examining strategic alliances, procurement and outsourcing, challenges and endangerments, sustainable strategies, and efficient supply chains in relation to technology. Additional figures and references apply can be found in the appendix and reference list.Comparison of the two supply chain management practices showed that despite being from contrary industries, with different company philosophies, Wal-Mart and Toyota both have similarities in their supply chain management practices. In particular, the two companies are similar in their responses to challenges and risks faced, as well as the incorporation of sustainable strategies in their supply chain practices, and their usage of techn ology to increase the efficiency of their supply chains.In conclusion, a number of recommendations are presented for each firm. Wal-Mart is advised to foster a to a greater extent collaborative supplier relationship, especially with local entities in unfamiliar markets, as well as encouraging suppliers to build more sustainable trading operations through the research of efficient packaging designs. Recommendations for Toyota include revising contracts and risk management with Toyotas current and future suppliers for stricter quality control on their supply chain, so as to ensure delivered materials are standardised. more thanover, Toyota could also make it new geographic markets though a strategic alliance with real companies. By doing so, Toyota is able maintain thei... ..._philosophy/toyota_global_vision_2020.html.Toyota Global. (2013, September). Sustainability Report 2013. Retrieved fromhttp//www.toyota-global.com/sustainability/report/sr/pdf/sustainability_report13_fe.pd f.Trudell, C., & Hagiwara, Y. (2014, April 10). Toyota Recalls More Than 6Million Vehicles Worldwide. Bloomberg. Retrieved from http//www.bloomberg.com/news/2014-04-09/toyota-recalls-6-76-million-vehicles-worldwide-including-rav4.html.Useem, J., Schlosser, J., & Kim, H. (2003). One Nation Under Wal-Mart.Vitousek, P. M. (1994). beyond global warming ecology and globalchange. Ecology, 75(7), 1861-1876.Waller, M., Johnson, M. E., & Davis, T. (2001). Vendor-managed inventory inthe retail supply chain. Journal of business logistics, 20, 183-204.Want, R. (2004). RFID A key to automating everything. ScientificAmerican,290(1), 56-65.