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This will lead to procurement staff to expand the procurement volume to reduce the risk of stockouts so that business procurement costs.

Third, the status of Wal-Mart's business procurement management (a) focus on purchasing Wal-Mart usually set up a special procurement agency and full-time procurement staff, unified responsible for Wal-Mart Merchandise Purchasing 4, its affiliated stores only responsible for the sale of goods and internal warehouse management, for the procurement of goods, the store only the right to advice, no decision, only according to their own actual situation to the headquarters of the proposed procurement [1].

(B) direct purchase of goods that bypass the brokers, agents, manufacturers and direct contact to purchase.

In the 1980s, Wal-Mart started to reduce its purchase price by 2% -3%.

Purchasing goods directly from manufacturers to reduce procurement costs.

Although the retailing industry had formed an industry-specific rule for dealers' consignment for manufacturers at that time, many manufacturers followed The group boycotted Wal-Mart, but Wal-Mart eventually changed this rule with its strong retail channel and end-user sales capabilities, effectively reducing the length of its supply chain.

(C) the use of innovative procurement model In the procurement process, Wal-Mart does not passively accept the supplier of goods, but proactive and innovative to purchase.

Such as Wal-Mart prior to the purchase of the first store of goods sold for specific analysis, looking for the best-selling, best products; Second, to search for new ideas, innovation, to find their own selling points.

Wal-Mart not only buys conventional products from its suppliers but also allows suppliers to produce products that comply with Wal-Mart's requirements and sells these products under the Wal-Mart brand to Wal-Mart's own-brand products for sale [2].

(D buyout sales, regular settlement Wal-Mart buyout sales model is to buy the suppliers of goods over their own sales, not consignment.

In the meantime, Wal-Mart strictly abides by the principles of purchasing and never defaulters suppliers.

Fourth, the characteristics of Wal-Mart's commercial procurement (A) the focus of price competition Wal-Mart has always focused on price competition, long-term puerile management policy.

In order to realize the promise that "the sales of goods are always the lowest price".

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Company Contact:

• Posted By: Dong Sourcing Market Union Co.,Ltd

• Phone: 057423334321

• Address: Business district, Ningbo , ZHEJIANG , China

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• Website: http://www.dongsourcing.com

• Business Description: Dong sourcing group specialized in sourcing agent, purchasing agent, import and buying agent in China, top 10 China sourcing agent, products range including custom products, packaging products, commodity, baby and children products and other products.