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Walmart uses innovative technology to track inventory and restock their shelves, thus allowing the retail chain to cut costs.Strategically, the idea is to minimize links in supply chain, sharing information with suppliers, and linking purchasing to sales in a more direct way.The technical backbone of Walmart’s supply chain innovation is inventory management software, which allows to implement automated re-ordering and cross docking and other inventory tactics.Cross docking is the centerpiece of Walmart’s strategy to replenish inventory efficiently. It means products are loaded from inbound or outbound truck trailers right away without extra storage.Suppliers and manufacturers within Walmart’s supply chain synchronize their demand projections under a collaborative planning, inventory forecasting and stock replenishment scheme.The network of global suppliers, warehouses, and retail stores has been described as behaving almost like a single firm.
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