MIS in Wal-Mart

The remarkable growth of Wal-Mart is mainly due to two reasons; continuous focus on customer needs and low cost leader ship that is maintained through efficient supply chain management. In 1991 Wal-Mart invested 4 billion $ in order to build a retail link system in which they connected 10000 Wal-Mart retail suppliers that helped all the suppliers to watch their respective inventory level so that they have enough idea that at what time or day they have to supply the product. This whole process was a two way process suppliers and Wal-Mart both were connected. Suppliers now have a good idea about their respective product that that how well their product is competing against competitors. 

After few years this system was made stronger in a way that it was linked with internet-enabled SCM system that include many things apart from inventory management, like it covered forecasting, replenishment, planning etc. More over forecasting proved to be effective like for some products they can forecast the demand which helped them to reduce inventory storage costs as a result they were able to meet the low cost leadership. This forecasting system used CPFR which is defined as business practice for business partners to share forecasts and results data through the Internet, in order to reduce inventory costs while at the same time, enhancing product availability across the supply chain.