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As Walmart continues to innovate its supply chain, it aims to make sourcing suppliers easier and more efficient.
The company is working with enterprise retail technology solutions company Bamboo Rose to build a new enterprise sourcing platform, according to a press release last week.
The platform allows retailers’ buyers and product development teams to gain greater visibility into volumes and costs, improve access to products to other markets, and reduce waste in categories such as fresh produce. This makes it easy to collaborate with “tens of thousands” of supplier partners. item.
The sourcing platform will be used “across all markets and business lines” at Walmart and Sam’s Club, according to the announcement.
Daniel Berg, Walmart’s vice president of product global sourcing, said in a statement that the platform will connect the retailer’s global teams and go beyond simply streamlining sourcing information. “This technology will enable us to collaborate with suppliers across multiple growth stages, expand our global offering, and make more efficient decisions,” he said.
Headquartered in Boston, Bamboo Rose’s customers include Loblaws, Paksan and African grocery chain Shoprite.
Walmart announced in April that it was “reengineering” its supply chain to create an omnichannel network to help customers shop in-store or online. To this end, the retailer is opening “next generation” fulfillment centers that can further increase automation and process online orders faster.
Walmart aims to have automated services in approximately 65% ​​of its stores and automated facilities for approximately 55% of its fulfillment center volumes by the end of fiscal 2026.
In the grocery space, Walmart is taking steps to strengthen its control of its fresh food supply chain, including building an end-to-end Angus beef supply chain and spending millions of dollars to build a new dairy facility. There is.