FORECASTING & REPLENISHMENT WITH RETAIL LINK® DATA
Keep your products on the Walmart shelf by improving your ability to forecast accurately and replenish properly. Uncover best practices for forecasting, replenishment, and fulfillment, and learn solutions for supply chain problems.
An intense class packed with practical value and hands-on learning.
It sounds simple: Get the right number of items into Walmart when they’re needed, and don’t run out. But it’s become a complicated game, and the rules keep changing. Accurate forecasts are essential to producing purchase orders that support both in-stock and merchandise flow. Replenishment is critical to profitability.
Learn how and when to replenish inventory, and how safety stock is used. Leave class understanding the roles and responsibilities of the Walmart replenishment team and knowing the prescribed paths for communicating and collaborating with them.
All 8th & Walton classes for Walmart suppliers selling in Canada are taught by Heather Reid of Mississauga, Ontario. For 22 years, Reid worked at Walmart Canada, organizing and facilitating its Retail Link® courses of study and other training programs. She has taught over 2,000 suppliers.
Who should take this class:
Those who are new to Walmart or new to retail; those who work directly with supply chain issues or have responsibility in supply chain areas; those who want to reduce fines. Analysts, supply chain managers, accountants.
NOTES:
8th & Walton classes are exclusively for Walmart suppliers; only a supplier who works directly with Walmart may register.
The content for this class was updated 3/10/23.
You Will Learn
- Introduction to replenishment
- Basic item information
- Why you are out of stock
- What influences product demand
- Challenges of demand forecasting
- Replenishment Pyramid
- Overview
- The process in detail
- When to cleanse history
- How to establish an initial mean
- GRS forecasting
- New item locations
- Promotions
- Collaborating with replenishment managers
- Item 104 Week Sales Report
- Corporate Item Demand Forecast
- Demand Forecast by Store
- Corporate POS Report Query
- Last 13Wk POS Next 13Wk Forecast
- How it works at store level and DC level
- How to provide recommendations
- What comprises it
- How it determines dates on POs
- The significance of TiHi
- Components and goal of EOQ
- How it all fits together
- What constitutes a full truckload
- Benefits of vendor pooling
- What 3PL (3rd Party Consolidation) entails
- Lead Time by Warehouse by PO
- Purchase Order
- Fill Rate & MABD Compliance %
- Supply Plan
- Focus on GRS Forecast
- Best practices for —
- How to create and analyze these reports:
- How demand, calendar allocation, and forecast work together
- How plan analysis works
- Safety stock
- Lead Time
- Best practices for new items and new mods
- Best practices for EOL (end of life)
- How to complete Supplier Closing template
- How to optimize orders
- Truckload optimization
- PO types and procedures
- Best practices for meetings and communication
- How to create and retrieve these valuable reports:
THIS CLASS RUNS FROM 9:00 A.M. TO 4:30 P.M. EASTERN TIME.
IT IS A LIVE ZOOM MEETING WITH A MAXIMUM OF 10 PARTICIPANTS/INSTRUCTOR.
PRICE: $650 USD
SAVE 10% WHEN YOU PURCHASE 3 CLASSES AT ONE TIME.
Registration closes at 3 P.M. Eastern Time on the last business day prior to the class.
Requirements
NOTE FOR NEW WALMART SUPPLIERS: In order to produce valid reports, your company should be shipping to Walmart prior to taking this class. Since our classes do not use dummy data, if you are not shipping to Walmart, you will have no data with which to produce reports.
Meet Your Teacher
Heather Reid worked for Walmart Canada for 22 years prior to joining Canada’s 8th & Walton in 2016. While at Walmart, she organized and facilitated its Retail Link® and various system-training programs for both internal and external Walmart customers. She also facilitated a four-day supplier training session on a bi-weekly basis, teaching over 2,000 suppliers. She has a vast knowledge of Replenishment (GRS) and is an expert in Retail Link® and in Accounting for both Walmart Canada and Walmart US. In addition to her deep knowledge of retail systems, Heather is an extraordinary teacher. She holds a diploma in Human Resources, Marketing, and Accounting and has held the Canadian Human Resource Leader (CHRL) designation.
Enroll Today!
$650 USD