Wal-Mart gets stricter with suppliers
July 12, 2017,
Bentonville, Ark. – Wal-Mart Stores is zeroing in on inventory with a new program that keeps suppliers’ deliveries punctual.
In other words, suppliers must deliver their goods to Walmart stores as planned, and on time to avoid paying a penalty, according to a report today by Bloomberg.
Wal-Mart’s goal is to add $1 billion to revenue by offering its customers better availability of products, Bloomberg said based on a recent Wal-Mart presentation it obtained.
Also motivating this strategy is increasing pressure Wal-Mart is feeling from major competitors, namely Amazon.com, which recently announced its acquisition of Whole Foods.
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