The secret sauce of Walmart is "enslaving" vendors to manage inventory
Amazon and omni-channel are sexy topics that grab a lot of retail press. But at the end of the day, Walmart is the largest retailer on the planet, and the second largest company in terms of revenue. To continue to grow and remain profitable is a remarkable feat given the size of their worldwide operation. And, Walmart is never one to rest on its laurels! We've posted previously about Walmart's Lab, ventures in social media, and its own initiatives in "long tail" ecommerce. Yet, if there is a secret sauce that makes Walmart successful, it is mastery of using data to hold suppliers accountable in managing its inventory and in stock rates for them!