Walmart evidently has now come up with a plan to make a billion $$ in Revenue

drvrtech77 · Jul 13, 2017

In an effort to cut down on costs, Walmart has announced that it will fine suppliers who deliver goods early, starting in August.

Early? Late? Missing? That Might Be A Fine
According to Bloomberg, the new program is called ‘On-Time, In-Full’ and it is designed to add to Walmart’s revenue by $1 billion by improving product availability while reducing inventory.

In August, Walmart will start to require shippers who provide full truckloads of fast turn goods like groceries to “deliver what we ordered 100 percent in full, on the must-arrive-by date 75 percent of the time.” Failure to comply with Walmart’s requirement on a month by month basis will result in a 3% fine on the value of the load. This means that late shipments will be fined, but so will early shipments.

Walmart’s goal is to have all of these types shipments “on-time, in-full” 95% of the time by February 2018.

‘On-Time, In-Full’ Scoring System Is Not Disputable
To accompany the aggressive new program, Walmart will create a scoring system that will identify the reason that a load is either early or late. If, according to the scoring system, Walmart is at fault for the non-timely delivery, the shipper won’t be charged. If Walmart deems that the shipper is at fault, there are no recourses. “Disputes [with the scoring system] will not be tolerated,” according to Walmart.

The current ‘On-Time, In-Full’ scores for Walmart’s current top suppliers are nowhere near the 95% goal. Some of Walmart’s top 75 suppliers have scores as low as 10%.

Bloomberg speculates that bad weather may not even be a sufficient excuse for missing an ‘On-Time, In-Full’ deadline.

Walmart To Penalize Suppliers For Delivering Early, Starting In August | CDLLife

Sublime · Jul 13, 2017

Eff Walmart. And Amazon too.

UsualSuspect · Jul 13, 2017

Suppliers should band together and tell Wally if they delay in accepting, or loading, there are substantial penalties. Problem is, none of them will do it, they will just bow down and take it like a punk in jail cell.
This gives me another reason not to shop there.

Freddy57 · Jul 13, 2017

The suppliers are going to have to utilize higher quality trucking companies and dump the low reliability companies. It should actually drive up rates as the list of usable companies shrinks.

Cat sdp · Jul 13, 2017

Walmart blows anyways.....haven't done a load for them in like 20 years.

And only go the the local super center when I've got no choice.....

P.S. I wonder if standing in line at the receiving window is a valid excuse for being late ?

Chasingthesky · Jul 13, 2017

Oh thank god. I know we've all been worried that Walmart wasn't making enough profit

Rn8806 · Jul 13, 2017

drvrtech77 said: ↑

In an effort to cut down on costs, Walmart has announced that it will fine suppliers who deliver goods early, starting in August.

Early? Late? Missing? That Might Be A Fine
According to Bloomberg, the new program is called ‘On-Time, In-Full’ and it is designed to add to Walmart’s revenue by $1 billion by improving product availability while reducing inventory.

In August, Walmart will start to require shippers who provide full truckloads of fast turn goods like groceries to “deliver what we ordered 100 percent in full, on the must-arrive-by date 75 percent of the time.” Failure to comply with Walmart’s requirement on a month by month basis will result in a 3% fine on the value of the load. This means that late shipments will be fined, but so will early shipments.

Walmart’s goal is to have all of these types shipments “on-time, in-full” 95% of the time by February 2018.

‘On-Time, In-Full’ Scoring System Is Not Disputable
To accompany the aggressive new program, Walmart will create a scoring system that will identify the reason that a load is either early or late. If, according to the scoring system, Walmart is at fault for the non-timely delivery, the shipper won’t be charged. If Walmart deems that the shipper is at fault, there are no recourses. “Disputes [with the scoring system] will not be tolerated,” according to Walmart.

The current ‘On-Time, In-Full’ scores for Walmart’s current top suppliers are nowhere near the 95% goal. Some of Walmart’s top 75 suppliers have scores as low as 10%.

Bloomberg speculates that bad weather may not even be a sufficient excuse for missing an ‘On-Time, In-Full’ deadline.

Walmart To Penalize Suppliers For Delivering Early, Starting In August | CDLLife
Click to expand...

drvrtech77 said: ↑

In an effort to cut down on costs, Walmart has announced that it will fine suppliers who deliver goods early, starting in August.

Early? Late? Missing? That Might Be A Fine
According to Bloomberg, the new program is called ‘On-Time, In-Full’ and it is designed to add to Walmart’s revenue by $1 billion by improving product availability while reducing inventory.

In August, Walmart will start to require shippers who provide full truckloads of fast turn goods like groceries to “deliver what we ordered 100 percent in full, on the must-arrive-by date 75 percent of the time.” Failure to comply with Walmart’s requirement on a month by month basis will result in a 3% fine on the value of the load. This means that late shipments will be fined, but so will early shipments.

Walmart’s goal is to have all of these types shipments “on-time, in-full” 95% of the time by February 2018.

‘On-Time, In-Full’ Scoring System Is Not Disputable
To accompany the aggressive new program, Walmart will create a scoring system that will identify the reason that a load is either early or late. If, according to the scoring system, Walmart is at fault for the non-timely delivery, the shipper won’t be charged. If Walmart deems that the shipper is at fault, there are no recourses. “Disputes [with the scoring system] will not be tolerated,” according to Walmart.

The current ‘On-Time, In-Full’ scores for Walmart’s current top suppliers are nowhere near the 95% goal. Some of Walmart’s top 75 suppliers have scores as low as 10%.

Bloomberg speculates that bad weather may not even be a sufficient excuse for missing an ‘On-Time, In-Full’ deadline.

Walmart To Penalize Suppliers For Delivering Early, Starting In August | CDLLife
Click to expand...

States 3% value of load if load is 100.000 thats three grand.don't think so wally world

Oor · Jul 13, 2017

Early? Walmart takes loads early? Since when?

CrappieJunkie · Jul 13, 2017

drvrtech77 said: ↑

In an effort to cut down on costs, Walmart has announced that it will fine suppliers who deliver goods early, starting in August.

Early? Late? Missing? That Might Be A Fine
According to Bloomberg, the new program is called ‘On-Time, In-Full’ and it is designed to add to Walmart’s revenue by $1 billion by improving product availability while reducing inventory.

In August, Walmart will start to require shippers who provide full truckloads of fast turn goods like groceries to “deliver what we ordered 100 percent in full, on the must-arrive-by date 75 percent of the time.” Failure to comply with Walmart’s requirement on a month by month basis will result in a 3% fine on the value of the load. This means that late shipments will be fined, but so will early shipments.

Walmart’s goal is to have all of these types shipments “on-time, in-full” 95% of the time by February 2018.

‘On-Time, In-Full’ Scoring System Is Not Disputable
To accompany the aggressive new program, Walmart will create a scoring system that will identify the reason that a load is either early or late. If, according to the scoring system, Walmart is at fault for the non-timely delivery, the shipper won’t be charged. If Walmart deems that the shipper is at fault, there are no recourses. “Disputes [with the scoring system] will not be tolerated,” according to Walmart.

The current ‘On-Time, In-Full’ scores for Walmart’s current top suppliers are nowhere near the 95% goal. Some of Walmart’s top 75 suppliers have scores as low as 10%.

Bloomberg speculates that bad weather may not even be a sufficient excuse for missing an ‘On-Time, In-Full’ deadline.

Walmart To Penalize Suppliers For Delivering Early, Starting In August | CDLLife
Click to expand...

Good. Nice to see a good company like Walmart trying to be more effecient.

Western flyer · Jul 13, 2017

Something's big going on at wal-mart.
They seem to be angry and lashing out
At everybody lately.

Just looking for a fight and daring anyone to
Challenge them.
This is what happens when the arrows on
Profits start pointing down.

I have a tenant who rents from me, he's a manager at Walmart, been at Walmart 15 years. Says the revenue from each store has
Been going down 2 to 3 percent each year at just about
Every store.
That's his words not mine.

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