![]() |
|
![]() | ||
|
Subject:
Wal-mart stats - NEED BY JUNE 6TH AM !!! ($50.00)
Category: Business and Money Asked by: jss3-ga List Price: $50.00 |
Posted:
03 Jun 2005 14:47 PDT
Expires: 03 Jul 2005 14:47 PDT Question ID: 529086 |
How many invoices does Wal-mart pay annually? In the past several years what has been the growth in number of invoices? Other stats would be helpful: number of checks printed. Number of Vendors, etc. Source of information is important as well. Please don't answer after Tuesday June 7th. Thanks. | |
| |
|
![]() | ||
|
Subject:
Re: Wal-mart stats - NEED BY JUNE 6TH AM !!! ($50.00)
Answered By: bobbie7-ga on 04 Jun 2005 15:00 PDT |
Dear jss3, Thank you for accepting my findings as the official answer to your question. Regarding your clarification: I'll see if I can find the number of transactions that are processed and will get back to you as soon as possible. Thanks, Bobbie7 79 million invoices a year ?A.T. Kearney, Plano, Texas, estimated $40 billion is wasted each year due to supply chain inefficiencies, and much of that is linked to unsynchronized data. More thanhalf of invoices contain errors, for example, and reconciliation costs at least $60 perinvoice. For Wal-Mart Stores, which processes 79 million invoices a year, the potential savings are phenomenal.? UCCnet http://www.uccnet.org/Docs/pdf/ExecTechDataSync.pdf ------------------------------------------------------------ Wal-Mart issues 1.6 million checks to its vendors annually ?Wal-Mart issues 1.6 million checks to its vendors annually. In any given year, approximately twenty of these checks are stolen. Between April 1999 and April 2000, six checks were stolen from Dallas, Texas. Postal inspectors informed Wal-Mart officials that the Dallas thefts were not part of an organized scheme but were independent criminal acts. The inspectors also indicated that several individuals responsible for stealing the checks had been apprehended.? Source: Find Law: UNITED STATES COURT OF APPEALS http://laws.lp.findlaw.com/scripts/printer_friendly.pl?page=4th/021912p.html ?The Court observed that the record indicated that Wal-Mart issues 1.6 million checks to vendors annually and approximately 20 Wal-Mart checks are stolen from the mail each year.? First published on BankersOnline.com 08/11/03 http://web.archive.org/web/20041021074704/http://www.bankersonline.com/operations/whopays.html ------------------------------------------------------------ According to the following excerpts, Wal-Mart has between 21,000 and 30,000 vendors. ?To control costs and manage deliveries, Wal-Mart implemented a costly technology system in the '90s. Electronic data exchange allows it to optimally manage inventories with its 21,000 vendors. And the vendors take note: Wal-Mart accounts for more than half the sales of AT&T phone cards; 28 percent of Dial products; and 20 percent of sales for Hershey Foods, Clorox, Revlon and Rayovac.? http://www.wiredpen.com/2003/week43/ ?Wal-Mart's U.S. sales of $203.7 billion, out of $244.5 billion worldwide for the year ended Jan. 31, affected more than 21,000 suppliers. The company sells more than half of AT&T's phone cards and Procter & Gamble's Swiffer dust mops.? http://seattletimes.nwsource.com/html/nationworld/2001771046_walmart21.html ?Consequently, Wal-Mart, which has approximately 30,000 vendors, has recognized Henkel as "Vendor of the Year" in 1999, 2000, and 2002 in four departments: stationery, hardware, paint, and housewares. Wal-Mart also selected Henkel as a "Category Captain." In this capacity, Henkel uses its point-of-sale information from other customers, analyzes the data, and helps determine where products should be displayed.? Oracle: Business Intelligence http://www.oracle.com/oramag/profit/03-nov/p43henkel.html ?In April, Wal-Mart told its 30,000 suppliers to conform to GTIN standards and register with UCCnet. The registry then runs a compliance check to make sure the data follows industry standards for describing the item in an effort to catch errors. It also checks that each code represents only one item. UCCnet then zaps the data to Wal-Mart's Retail Link using XML.? ?So far 140 of its 30,000 vendors, including Kraft, Nestle Purina, Kellogg's and Campbell Soup Co., have signed on. Procter & Gamble has all 16,000 of its U.S. products uploaded to Retail Link via UCCnet.? http://www.forbes.com/best/2002/1007/webextras01_print.html | |
|
![]() | ||
|
Subject:
Re: Wal-mart stats - NEED BY JUNE 6TH AM !!! ($50.00)
From: bobbie7-ga on 03 Jun 2005 19:36 PDT |
Dear jss3, Please review the following information. If my findings meet your needs, please let me know and I will gladly post it as the official answer to your question. Thanks, Bobbie7 Google Answers Researcher ------------------------------------------------------------ 79 million invoices a year ?A.T. Kearney, Plano, Texas, estimated $40 billion is wasted each year due to supply chain inefficiencies, and much of that is linked to unsynchronized data. More thanhalf of invoices contain errors, for example, and reconciliation costs at least $60 perinvoice. For Wal-Mart Stores, which processes 79 million invoices a year, the potential savings are phenomenal.? UCCnet http://www.uccnet.org/Docs/pdf/ExecTechDataSync.pdf ------------------------------------------------------------ Wal-Mart issues 1.6 million checks to its vendors annually ?Wal-Mart issues 1.6 million checks to its vendors annually. In any given year, approximately twenty of these checks are stolen. Between April 1999 and April 2000, six checks were stolen from Dallas, Texas. Postal inspectors informed Wal-Mart officials that the Dallas thefts were not part of an organized scheme but were independent criminal acts. The inspectors also indicated that several individuals responsible for stealing the checks had been apprehended.? Source: Find Law: UNITED STATES COURT OF APPEALS http://laws.lp.findlaw.com/scripts/printer_friendly.pl?page=4th/021912p.html ?The Court observed that the record indicated that Wal-Mart issues 1.6 million checks to vendors annually and approximately 20 Wal-Mart checks are stolen from the mail each year.? First published on BankersOnline.com 08/11/03 http://web.archive.org/web/20041021074704/http://www.bankersonline.com/operations/whopays.html ------------------------------------------------------------ According to the following excerpts, Wal-Mart has between 21,000 and 30,000 vendors. ?To control costs and manage deliveries, Wal-Mart implemented a costly technology system in the '90s. Electronic data exchange allows it to optimally manage inventories with its 21,000 vendors. And the vendors take note: Wal-Mart accounts for more than half the sales of AT&T phone cards; 28 percent of Dial products; and 20 percent of sales for Hershey Foods, Clorox, Revlon and Rayovac.? http://www.wiredpen.com/2003/week43/ ?Wal-Mart's U.S. sales of $203.7 billion, out of $244.5 billion worldwide for the year ended Jan. 31, affected more than 21,000 suppliers. The company sells more than half of AT&T's phone cards and Procter & Gamble's Swiffer dust mops.? http://seattletimes.nwsource.com/html/nationworld/2001771046_walmart21.html ?Consequently, Wal-Mart, which has approximately 30,000 vendors, has recognized Henkel as "Vendor of the Year" in 1999, 2000, and 2002 in four departments: stationery, hardware, paint, and housewares. Wal-Mart also selected Henkel as a "Category Captain." In this capacity, Henkel uses its point-of-sale information from other customers, analyzes the data, and helps determine where products should be displayed.? Oracle: Business Intelligence http://www.oracle.com/oramag/profit/03-nov/p43henkel.html ?In April, Wal-Mart told its 30,000 suppliers to conform to GTIN standards and register with UCCnet. The registry then runs a compliance check to make sure the data follows industry standards for describing the item in an effort to catch errors. It also checks that each code represents only one item. UCCnet then zaps the data to Wal-Mart's Retail Link using XML.? ?So far 140 of its 30,000 vendors, including Kraft, Nestle Purina, Kellogg's and Campbell Soup Co., have signed on. Procter & Gamble has all 16,000 of its U.S. products uploaded to Retail Link via UCCnet.? http://www.forbes.com/best/2002/1007/webextras01_print.html |
Subject:
Re: Wal-mart stats - NEED BY JUNE 6TH AM !!! ($50.00)
From: omnivorous-ga on 03 Jun 2005 20:42 PDT |
Bobbie7 -- That data's astoundingly good, given the lack of public data for information like this. Sources like A.T. Kearney can't be beat -- I'm just surprised that you didn't post this information as an answer. Having backup in the number of vendors from other sources is really just the icing on the cake. Given the fact that Wal-Mart probably doesn't even "invoice" in the traditional sense -- I find your comment to be an extraordinary "Answer." Best regards, Omnivorous-GA |
Subject:
Re: Wal-mart stats - NEED BY JUNE 6TH AM !!! ($50.00)
From: waukon-ga on 04 Jun 2005 00:27 PDT |
An astonishingly good answer on a which should have been a very boring topic. I have privately speculated that G**gle should be next on Wal-Mart's acquisition list (actually, a merger would make more sense). They are already in the ISP business and have started online sales. They already own their own bank. With G**gle's innovations married to their awesome inventory control and delivery system, think of the possibilities (for good or ill). |
If you feel that you have found inappropriate content, please let us know by emailing us at answers-support@google.com with the question ID listed above. Thank you. |
Search Google Answers for |
Google Home - Answers FAQ - Terms of Service - Privacy Policy |