9.1 Discussion Walmart Store Risks and Opportunities

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Bellevue University *

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425

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Management

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Jan 9, 2024

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Uploaded by bhicks39

Bettina Graffenread 9.1 Discussion: Walmart Store Risks and Opportunities Scenario B The following are some external and internal factors that could be positively affecting the inventory turnover ratio, along with some actions you could take to take advantage of these opportunities:  External Factor: Residential Development: The increase in residential development in the area could drive more foot traffic to your store, contributing to the inventory turnover ratio. To take advantage of this opportunity, you could consider increasing your marketing efforts to target new residents in the area. You could also consider expanding your product offerings to cater to the needs of the new residents.  Internal Factor: New Inventory Management Practices: The new inventory management practices implemented in July could contribute to the increase in the inventory turnover ratio. You could consider optimizing your inventory management practices further to take advantage of this opportunity. For example, you could analyze the sales data for the Office department to identify the most popular products and adjust your inventory levels accordingly. You could also consider implementing a just-in-time inventory system to reduce the inventory you must keep on hand.

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9.1 Discussion Walmart Store Risks and Opportunities

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