Operations Management For Wal-Mart Stores Inc. Com

Operations Management for Wal-Mart Stores Inc. CompanyNameCourseDateOperations Management for Wal-Mart Stores Inc. CompanyThe concept of operations management (OM) concerns design and management of products, services and processes as well as the supply chain. It also includes the processes of acquiring; developing and utilizing required resources that firms need to deliver goods and services at appropriate specifications (Lewis & Slack, 2003).As a result, the concept of operations management involves operational, tactical and strategic issues. Ideal strategic issues involve determining location and size of manufacturing plans, designing service or telecommunications structure, and designing the supply chain (Lewis & Slack, 2003).However, tactically, OM concerns issues such as project management methods, plant layout and structure, and selection and replacement of equipment (Lewis & Slack, 2003). Operational concepts of OM include inventory management, operation scheduling and control, traffic and material handling, quality control and specification, and policies regarding equipment maintenance. Therefore, this essay discusses operational management issues at Wal-Mart Stores Inc. to analyze OM challenges the company faces as well as stipulate tools and concepts Wal-Mart could use to resolve the challenges (Lewis & Slack, 2003).Description of the CompanyWal-Mart Stores Inc. is