1. Personal Relationships
Meaning: A person’s association, involvement, connection with other people.
Importance
Extended knowledge
People who will help you;
“A friend in need is a friend indeed”
2. Effort
Meaning: Exertion of physical/mental power for a specified purpose.
Importance
“You reap what you sow”
“No pain, no gain”
“The pursuit of happyness”
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is reflected in a relatively low PPE to sales ratio of 15.5% which contributes to higher capital turnover, and thereby, higher ROIC. On the other hand, Inditex which sticks to vertical integration needs its own production plants and such need is reflected in the higher costs for physical assets: 37.8%. Higher level of PPE/sales ratio puts downward pressure on capital turnover, thus, ROIC, but tha
service means the degree of ability to satisfy customers' demand by inventory. To satisfying service level, high level of inventory is needed and it leads to expensive inventory cost. So the business set up appropriate level of service. Finding point of balance between level of service and inventory cost in accordance with business's objective, iskey point and purpose of inventory management.
KEY TO ALWAYS LOW PRICES
With 5500 store to supply with goods, Wal-Mart became the biggest delivering business in the U.S. You cannot drive on a US a highway for more than 20miles without seeing a Wal-Mart truck.
Optimizing such vast operations can only be done with extensive use of Information Technology (IT). IT enabled Wal-Mart’s success.
Wal-Mart is very secretive about their data war