There are few lessons get saved in brain for no specific reason.One such lesson was a case study of Walmart Inc that I learned in our strategy class @ Harvard Business School
\nProfessor asked 3 questions
\nQ1 Raise hands if there are any Walmart suppliers \u2013 Few raised
\nQ2 Raise hands if you are happy to be supplier for Walmart \u2013 Same few raised again
\nQ3 Raise hands if you make profits from Walmart \u2013To my surprise none raised
\nI wondered why they are happy while they don’t make profits
\nWalmart gives its vendors long lead time to deliver.As a vendor those orders are manufactured when they don’t have orders from other customers.So basically to run a factory there are fixed costs such as employee salaries etc.Irrespective of vendor has orders or he has to pay those fixed costs
\nAlthough they don’t make profits on walmart they are happy and ready to supply
\nSince Walmart gives orders with 1 yr leadtime, By doing this they are making orders when factory idle thus not losing in fixed costs
\nThese lessons can be used in today\u2019s economic situation to gain business
\nStay tuned I will share how we used some of those learnings in services industry @ TopMindz to grow our business during pandemic<\/p>\n","protected":false},"excerpt":{"rendered":"
There are few lessons get saved in brain for no specific reason.One such lesson was a case study of Walmart Inc that I learned in our strategy class @ Harvard Business School
\nProfessor asked 3 questio<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[],"class_list":["post-1189","post","type-post","status-publish","format-standard","hentry","category-linkedin-posts","wpcat-18-id"],"_links":{"self":[{"href":"https:\/\/lakamsani.me\/blog\/wp-json\/wp\/v2\/posts\/1189","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakamsani.me\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakamsani.me\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakamsani.me\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/lakamsani.me\/blog\/wp-json\/wp\/v2\/comments?post=1189"}],"version-history":[{"count":0,"href":"https:\/\/lakamsani.me\/blog\/wp-json\/wp\/v2\/posts\/1189\/revisions"}],"wp:attachment":[{"href":"https:\/\/lakamsani.me\/blog\/wp-json\/wp\/v2\/media?parent=1189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakamsani.me\/blog\/wp-json\/wp\/v2\/categories?post=1189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakamsani.me\/blog\/wp-json\/wp\/v2\/tags?post=1189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}