BOSTON, Nov. 21,
2023 /CNW/ -- Today, Bamboo Rose announced a
joint project with retail giant, Walmart, to develop and implement
a state-of-the-art enterprise sourcing platform (ESP)
revolutionizing the way the company does business with tens of
thousands of suppliers around the world. The cutting-edge
technology will bring together disparate systems, improving
efficiencies and helping the company stay true to its mission of
everyday low cost.
Through the new ESP, Walmart Sourcing associates around the
globe will more easily collaborate with buyers, product development
teams and suppliers improving the way the company procures and
imports goods for resale. The single sourcing platform creates
greater visibility across teams enabling Walmart associates to make
more informed purchasing decisions on volume and cost, improving
access of goods to other markets and potentially reducing waste in
categories such as perishable goods and other sensitive product
lines.
The implementation of the ESP solution will streamline the
supply chain, eliminating waste in categories such as perishable
goods and opening doors for products to be sold in connected
markets. Additionally, the implementation will be impactful across
all markets and business units in Walmart and Sam's Club.
"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 able to work with Bamboo Rose to develop a
brand-new ecosystem connecting our global teams with a single
platform, empowering us to go beyond simply streamlining
information. With this technology, we'll be able to engage with
suppliers across multiple growth stages, expand global offerings
and make more efficient decisions," said Daniel Berg, Vice President of Product Global
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 faced by our customers and we craft solutions that drive
positive business outcomes for global retailers. This initiative is
a testament to our commitment to innovation and delivering
exceptional value," said Mike
Mattei, Chief Revenue Officer at Bamboo Rose.
Walmart's new global multicategory sourcing approach supports
EDLC for customers. The initiative is a win no matter how you look
at it; advancing technology, supporting the supplier network, and
saving 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
people-led, tech-powered omnichannel retailer helping people save
money and live better – anytime and anywhere – in stores, online,
and through their mobile devices. Each week, approximately 240
million customers and members visit more than 10,500 stores and
numerous eCommerce websites in 19 countries. With fiscal year 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 opportunity. Additional information about Walmart
can be found by visiting corporate.walmart.com, on Facebook at
facebook.com/walmart, on X (formerly known as Twitter) at
twitter.com/walmart, and on LinkedIn at
linkedin.com/company/walmart/.
About Bamboo Rose
Bamboo Rose is a global leader in enterprise retail technology
solutions. With a focus on understanding customer challenges and
delivering tailored solutions, Bamboo Rose empowers retailers to
achieve positive business outcomes and drive success in the
ever-evolving retail landscape. Visit
bamboorose.com/ or find us on
LinkedIn at
linkedin.com/company/bamboorose/ to learn
more.
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SOURCE Bamboo Rose