Open to Buy (OTB)?
What Is Open to Buy? Open to Buy (OTB) is a financial planning tool something like a budget, but focusing specifically on inventory. OTB considers not only inventory on hand, but also merchandise in...
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Resources, articles, and podcasts that focus on the needs and interests of suppliers working with Walmart or aspiring to do so.
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Over-the-Counter (OTC)
OTC drugs are those sold “over-the-counter” the same as other products, as opposed to those that require a prescription. While OTC is one of the Walmart acronyms that is used widely...
READ MOREBiggest Challenge for Walmart Suppliers?
A recent survey by the Harvest Group and WalmartHelp identified one issue as the biggest challenge faced by Walmart vendors: “fixing poor retail execution.” 56% of respondents chose this...
READ MOREReusable Plastic Container (RPC)
RPC stands for Reusable Plastic Container. When you ship produce, the conventional options are wood or corrugated cardboard. Let’s follow these packages. Regular corrugated cardboard shipping...
READ MORECould Retail Link Improve Worker Safety?
The Wall Street Journal quoted 8th & Walton’s Jeff Clapper saying that Retail Link helps the company work with suppliers to maintain cost and quality. Dara O’Rourke, an associate...
READ MOREInstant Redeemable Coupon (IRC)
Your first mental association with the acronym IRC might be the International Rescue Committee or Internet Relay Chat – but if you’re a Walmart supplier, IRC means “Instant...
READ MOREHealth and Beauty Care (HBC) / Health and Beauty Aids (HBA)
Health and Beauty Care (HBC) or Health and Beauty Aids (HBA) products are non-food CPGs associated with looking and feeling good. They include items like these: OTC (Over the Counter) medicines...
READ MOREUniversal Product Code (UPC)
A universal product code (UPC) is a type of bar code. The code includes 12 numerals, plus a “guard bar” at the beginning that specifies the system being used, a bar that identifies the...
READ MOREDo You Have Products in Walmart Puerto Rico?
Walmart has a dozen supercenters in Puerto Rico and plans to convert the remaining half dozen Division 1 stores into supercenters as well. There are also 11 Sam’s Clubs, 27 Amigo Supermarkets, and...
READ MOREElectronic Data Interchange (EDI)
(Editor’s note: EDI is just one of the basics a supplier needs to grasp when working with Walmart. Have questions about this and other areas? Contact an 8th & Walton adviser before your...
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