NEW YORK – Wal-Mart Stores Inc (WMT.N) said on Tuesday the company will share more data with suppliers to move faster in replenishing out-of-stock items as it tries to better compete with rivals like Amazon.com Inc (AMZN.O)
The company, which does business as Walmart, said its On Shelf Customer Availability (OSCA) data, which was only accessible internally, will be shared at the Supplier Growth Forum, a two-day event at Walmart headquarters in Bentonville, Arkansas, on Tuesday and Wednesday.
“We have reduced inventory in stores in order to have the right amount of stock and have made significant progress in the past few years,” said Steve Bratspies, chief merchandising officer at Walmart U.S., told Reuters. “We want to focus on improving that even more.”
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