"On-Time, In-Full" Policy Hits Vendors with Non-Negotiable Fines for Slight Infringements.
Times are tough for Wal-Mart right now. The largest retailer in the U.S., which for years ruled the market with its “Everyday Low Price” guarantee, has been getting consistently beaten by Amazon in the price department. In order to try to offset this, Wal-Mart has sought to move much of the burden onto their suppliers. This has come in the form of not only cost adjustment for their goods, but also strict new rules regarding their supply chain set to go into effect this month.
To read the full article, go to Speaking Logistics.