(Matthew Boyle – Bloomberg)
Long known for squeezing its vast network of suppliers, Wal-Mart Stores Inc. is about to step up the pressure.
The focus this time is delivery scheduling, and the company’s not messing around. Two days late? That’ll earn you a fine. One day early? That’s a fine, too. Right on-time but goods aren’t packed properly? You guessed it -- fined.
The program, labeled “On-Time, In-Full,” aims to add $1 billion to revenue by improving product availability at stores, according to slides from a presentation obtained by Bloomberg, and it underscores the urgency Wal-Mart feels as it raises wages, cuts prices and confronts a powerhouse rival in Amazon.com Inc. that’s poised to grow with its planned purchase of Whole Foods Markets Inc. Click here to read more.