Wal-Mart impose charges to new suppliers

[Wal-Mart Vendor]

How much money do they need????

http://www.msn.com/en-us/money/comp...ppliers-as-its-costs-mount/ar-AAc0XCt?ocid=se

 

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[Vigilante]

As a former Walmart buyer, I can tell you they have been doing this for years. Not sure why this made a news story, other than the fact that maybe the consistency is now unilateral, but the concept is nothing new. Hell, when I was a buyer for Best Buy in the early 1990's, they did this with every vendor. New store orders and new item orders ALWAYS contained a formulatic discount, and slotting fees, endcap fees, advertising fees.

Vendors are not stupid, though. If what I have to get from Walmart is $80, and I know all these fees are $20 (aggregate) my invoice cost to them is $100. They can take what ever percentages they want. At the end of the day, the vendor is still going to net what ever the vendor needs, or the vendor won't sell. The buyers and the salesmen all play the same game, and acknowledge as such.

The only one that thinks this is a story is the reporters who need something to talk about. The article says this is not the way Walmart has done business in the past. I can tell you that nearly every single month I was employed by Walmart as a buyer, I was calling vendors for additional discounts, cash for various projects, or advertising support.

Your question is how much money do they need?

The answer is simple, and hasn't changed.

More.

 

[Wal-Mart Vendor]

As a former Walmart buyer, I can tell you they have been doing this for years. Not sure why this made a news story, other than the fact that maybe the consistency is now unilateral, but the concept is nothing new. Hell, when I was a buyer for Best Buy in the early 1990's, they did this with every vendor. New store orders and new item orders ALWAYS contained a formulatic discount, and slotting fees, endcap fees, advertising fees.

Vendors are not stupid, though. If what I have to get from Walmart is $80, and I know all these fees are $20 (aggregate) my invoice cost to them is $100. They can take what ever percentages they want. At the end of the day, the vendor is still going to net what ever the vendor needs, or the vendor won't sell. The buyers and the salesmen all play the same game, and acknowledge as such.

The only one that thinks this is a story is the reporters who need something to talk about. The article says this is not the way Walmart has done business in the past. I can tell you that nearly every single month I was employed by Walmart as a buyer, I was calling vendors for additional discounts, cash for various projects, or advertising support.

Your question is how much money do they need?

The answer is simple, and hasn't changed.

More.

Welp @Vigilante when you need an intern to go get your coffee I'm your girl! :-0

 

[Wal-Mart Vendor]

@Vigilante would you pm me your contact info? I was contacted by a film crew who is filming in Bentonville this week doing a documentary on Wal-Mart and their suppliers. I am sure you know all the people they intend on interviewing , Mark and new owners at 8th and Walton? I really would like to speak with you.

 

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