- Walmart to revolutionize sourcing through cutting-edge initiative with next-generation technology innovator, Bamboo Rose
BOSTON, Nov. 21, 2023 /PRNewswire/ -- Today, Bamboo Rose announced a joint project with retail giant Walmart to develop and deploy a next-generation enterprise sourcing platform (ESP) that will revolutionize the way the company does business with tens of thousands of suppliers around the world. Cutting-edge technology will bring disparate systems together, improving efficiency and helping the company stay true to its low-everyday-cost mission.
Through the new ESP, Walmart Sourcing associates around the world will more easily collaborate with buyers, product development teams and suppliers, improving how the company acquires and imports goods for resale. The single sourcing platform creates greater visibility across teams, allowing Walmart associates to make more informed purchasing decisions on volume and cost, improving product access to other markets and potentially reducing waste in categories such as perishable products and other sensitive product lines.
Implementing the ESP solution will streamline the supply chain, eliminating waste in categories such as perishables and opening doors for products to be sold in connected markets. Additionally, the implementation will impact all Walmart and Sam's Club markets and business units.
"At Walmart, we're constantly looking for ways to improve our business so we can help our customers save money and live better. I'm thrilled to be working with Bamboo Rose to develop an entirely new ecosystem that connects our global teams with a single platform, enabling "It allows us to go beyond simply streamlining information. With this technology, we will be able to interact with suppliers in multiple stages of growth, expand global offerings and make more efficient decisions," said Daniel Berg, vice president of Global Product Sourcing at Walmart.
"We believe retailers succeed when they collaborate internally and across supplier networks to provide openness and opportunities for collective growth. At Bamboo Rose, we deeply understand the challenges our customers face and craft solutions that drive positive business outcomes for customers. global retailers. This initiative is a testament to our commitment to innovation and delivering exceptional value," said Mike Mattei, Chief Revenue Officer of Bamboo Rose.
Walmart's new global multi-category sourcing approach supports EDLC for customers. The initiative is a victory, no matter how you look at it; advance technology, support the provider network and save money for families around the world. With a focus on innovation and customers, Walmart is poised to transform the retail industry once again.
About Walmart Walmart Inc. (NYSE: WMT) is a technology-driven, people-led omnichannel retailer that helps people save money and live better, anytime, anywhere, in stores, online and across their mobile devices. Every week, approximately 240 million customers and members visit more than 10,500 stores and numerous e-commerce websites in 19 countries. With fiscal 2023 revenue of $611 billion, Walmart employs approximately 2.1 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunities. Additional information about Walmart can be found by visiting corporate.walmart.com, on Facebook at facebook.com/walmart, on X (formerly Twitter) at twitter.com/walmart, and on LinkedIn at linkedin.com/company/walmart/.
About Bamboo Rose Bamboo Rose is a global leader in technology solutions for retail businesses. With a focus on understanding customer challenges and delivering customized solutions, Bamboo Rose enables retailers to achieve positive business outcomes and drive success in an ever-evolving retail landscape. Visit www.bamburose.com/ or find us on LinkedIn at linkedin.com/company/bamboorose/ for more information.
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