Does Wal-Mart’s competitive strategy and its supply chain strategy have aligned goals – does Wal-Mart achieve strategic fit? Give specific examples to back up your argument. Compare Wal-Mart and Target in terms of strategic fit – what are the differences? Look at the mission statements for each company - comment on this. You can tell a lot about the strategic fit of a company by reading the mission statement.

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68 Chapter 3 Supply Chain Drivers and Metries CASE STUDY Financial Statements for Walmart Stores Inc. and Macy's Inc. Table 3-8 contains the financial results for Walmart and based on their supply chain strategy and structure? Com- Macy's for 2012. Evaluate the financial performance of pare the metrics for each company with similar metrics cach company basced on the various metrics discussed in for Amazon and Nordstrom from Table 3-I. Which met- Section 3.1, such as ROE, ROA, profit margin, asset ries does each company perform better on? What supply turns, APT, C2C, ART, INVT, and PPET. Can you chain drivers and metrics might explain this difference in explain the differences you see in their performance performance? TABLE 3-8 Selected Financial Data for Walmart Stores Inc. and Macy's Inc. Year ended January 31, 2013 (S millions) Walmart Macy's Net operating revenues 469, 162 27,931 Cost of goods sold Gross profit 352,488 16,725 116,674 11,206 Selling, general, and administrative expense 88,873 8,440 Other Costs 88 Operating income 27,801 2,678 Interest expense 2,251 388 Other incometlossnet 187 134 Income before income taxes 25,737 2.290 Income tares 7,981 804 Net income 17,756 1,486 Assets Cash and cash equivalents 7,781 1,836 Net receivables 6,768 371 Inventory 43,803 5,308 Prepaid expenses and other 1,588 361 Total current assets 59,940 7,876 Property, plant, and equipment 116,681 8,196 Goodwill 20,497 3,743 Other intangible assets 561 Other assets 5,987 615 Total assets 203, 105 20,991 Liabilities and Stockholder Equity Accounts payable Short-term debt 59,099 4,951 12,719 124 Total current liability 71,818 5,075 Long-term debt 41,417 6,806 Other liablities 3,059 Total liabilities 121,367 14,940 Stockholder equity 81,738 6.051