Cost of Goods Sold (COGS)
Cost of Goods Sold (COGS) is not a special Walmart term but an ordinary accounting term. The cost of goods sold is what it costs to make the items you sell. So far, so simple… but it can get...
READ MOREResources, articles, and podcasts that focus on the needs and interests of suppliers working with Walmart or aspiring to do so.
Cost of Goods Sold (COGS) is not a special Walmart term but an ordinary accounting term. The cost of goods sold is what it costs to make the items you sell. So far, so simple… but it can get...
READ MOREWikipedia thinks EOM stands for “End of Message,” but for Walmart suppliers, it’s “End of Month.” You can probably guess what EOY and EOD mean (End of Year and End of...
READ MOREHigh Expectations Are The Key To Everything (HEATKTE), pronounced “Het-Ka-Tee,” is a Walmart-only acronym that has been popularized by motivational speaker Michael Bergdahl, who wrote a...
READ MOREA large part of Walmart’s Responsible Sourcing initiative is focused on worker safety. Some aspects of worker safety may be complex – keeping tabs on overseas factories to make sure...
READ MORETire and Lube Express (TLE) is one of those acronyms that can probably stump a lot of people, yet when they give up and you tell them what it stands for, they’ll groan in disbelief. How could...
READ MOREWalmart actually uses the term “Always On Shopper,” but “omnichannel” is a sufficiently popular buzzword that it gets thrown around in meetings and at conferences, and a lot...
READ MOREWhat Is Search Engine Optimization? Search Engine Optimization (SEO) is the process of increasing the quality and quantity of traffic to a website through the organic or “un-paid” search...
READ MOREGLN stands for Global Location Number. Walmart’s US is 0078742000008 and Walmart Canada is 0681131000000. It’s a number that identifies the physical location of a company, and thus...
READ MOREISD stands for Information Systems Division. There’s more than one thing that sets Walmart apart from other retailers, but there’s no question about the importance of technology. Being...
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