Report: Walmart to share more data with suppliers, tighten delivery requirements
Walmart is reportedly bringing more transparency to its supplier base and revising its on-time goals.
The chain will share more data with suppliers in an effort to move quicker in replenishing out-of-stock items, reported Reuters.
It also is tightening suppliers’ deadlines for delivery, and will require large suppliers to deliver full orders within a specified delivery window 85% of the time or face a fine of 3% of the cost of goods, the report said. This an increase over Walmart’s previous 75% on-time goal.
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The chain will share more data with suppliers in an effort to move quicker in replenishing out-of-stock items, reported Reuters.
It also is tightening suppliers’ deadlines for delivery, and will require large suppliers to deliver full orders within a specified delivery window 85% of the time or face a fine of 3% of the cost of goods, the report said. This an increase over Walmart’s previous 75% on-time goal.
Click here to read more.