300 Words Please Explain Logistics Give Wal Mart Advantage Q34285439

In 300 words or more please explain How did Logistics giveWal-Mart an advantage?

Expert Answer

Walmart is an international retailer, which has a valueproposition of providing the cheapest price for any product andthus attracts buyers and consumers through its promise of providingthe best value in the market. For a cost leader it is imperativethat they procure goods and efficiently get supplies at the mostcompetitive rates in order for the business to be viable andprofitable. That is where logistics comes into play and ensuresthat a company’s cost of goods sold remains low.
Logistics is about ensuring that goods are procured at acompetitive price