|
The company, which does business as Walmart, said its On Shelf
Customer Availability (OSCA) data, which was only accessible
internally, will be shared at the Supplier Growth Forum, a
two-day event at Walmart headquarters in Bentonville, Arkansas,
on Tuesday and Wednesday.
"We have reduced inventory in stores in order to have the right
amount of stock and have made significant progress in the past
few years," said Steve Bratspies, chief merchandising officer at
Walmart U.S., told Reuters. "We want to focus on improving that
even more."
The retailer will also tighten deadlines for delivery. In 2017
the company told suppliers it ultimately wanted orders delivered
on time 95 percent of the time or they would pay a fine. The
company hoped to add $1 billion to revenue by improving product
availability at stores.
Wal-Mart has been implementing that goal in phases.
It will now require large suppliers to deliver full orders
within a specified delivery window 85 percent of the time or
face a fine of 3 percent of the cost of goods.
Previously, large suppliers had to hit a 75 percent threshold to
avoid fines.
For smaller suppliers the delivery threshold will move to 50
percent, up from 33 percent. The change will take effect in
April, Bratspies told Reuters.
(Reporting by Nandita Bose in New York; Editing by Jeffrey
Benkoe)
[© 2018 Thomson Reuters. All rights
reserved.] Copyright 2018 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
Thompson Reuters is solely responsible for this content.
 |
|
