Walmart to Revolutionize Sourcing through Cutting-Edge Initiative with Next-Gen Tech Innovator, Bamboo Rose

Rhea-AI Summary

Bamboo Rose (BMBR) partners with retail giant Walmart to develop a cutting-edge enterprise sourcing platform (ESP), aiming to revolutionize the company's business operations. The ESP will enhance collaboration between Walmart's global teams, buyers, and suppliers, leading to more informed purchasing decisions, improved access to goods in different markets, and potentially reducing waste in categories like perishable goods. The implementation of the ESP solution is expected to streamline the supply chain, eliminate waste, and open doors for products to be sold in connected markets, impacting all markets and business units in Walmart and Sam's Club.

BOSTON, Nov. 21, 2023 /PRNewswire/ -- Today, Bamboo Rose announced a joint project with retail giant, Walmart, to develop and implement a state-of-the-art enterprise sourcing platform (ESP) revolutionizing the way the company does business with tens of thousands of suppliers around the world. The cutting-edge technology will bring together disparate systems, improving efficiencies and helping the company stay true to its mission of everyday low cost.

Through the new ESP, Walmart Sourcing associates around the globe will more easily collaborate with buyers, product development teams and suppliers improving the way the company procures and imports goods for resale. The single sourcing platform creates greater visibility across teams enabling Walmart associates to make more informed purchasing decisions on volume and cost, improving access of goods to other markets and potentially reducing waste in categories such as perishable goods and other sensitive product lines.

The implementation of the ESP solution will streamline the supply chain, eliminating waste in categories such as perishable goods and opening doors for products to be sold in connected markets. Additionally, the implementation will be impactful across all markets and business units in Walmart and Sam's Club.

"At Walmart, we're constantly looking for ways to improve our business so we can help our customers save money and live better. I'm thrilled to be able to work with Bamboo Rose to develop a brand-new ecosystem connecting our global teams with a single platform, empowering us to go beyond simply streamlining information. With this technology, we'll be able to engage with suppliers across multiple growth stages, expand global offerings and make more efficient decisions," said Daniel Berg, Vice President of Product Global Sourcing at Walmart.

"We believe retailers succeed when they collaborate internally and across supplier networks to provide openness and opportunities for collective growth. At Bamboo Rose, we deeply understand the challenges faced by our customers and we craft solutions that drive positive business outcomes for global retailers. This initiative is a testament to our commitment to innovation and delivering exceptional value," said Mike Mattei, Chief Revenue Officer at Bamboo Rose.

Walmart's new global multicategory sourcing approach supports EDLC for customers. The initiative is a win no matter how you look at it; advancing technology, supporting the supplier network, and saving money for families around the world. With a focus on innovation and customers, Walmart is poised to transform the retail industry once again.

About Walmart
Walmart Inc. (NYSE: WMT) is a people-led, tech-powered omnichannel retailer helping people save money and live better – anytime and anywhere – in stores, online, and through their mobile devices. Each week, approximately 240 million customers and members visit more than 10,500 stores and numerous eCommerce websites in 19 countries. With fiscal year 2023 revenue of $611 billion, Walmart employs approximately 2.1 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy, and employment opportunity. Additional information about Walmart can be found by visiting corporate.walmart.com, on Facebook at facebook.com/walmart, on X (formerly known as Twitter) at twitter.com/walmart, and on LinkedIn at linkedin.com/company/walmart/. 

About Bamboo Rose
Bamboo Rose is a global leader in enterprise retail technology solutions. With a focus on understanding customer challenges and delivering tailored solutions, Bamboo Rose empowers retailers to achieve positive business outcomes and drive success in the ever-evolving retail landscape. Visit bamboorose.com/ or find us on LinkedIn at linkedin.com/company/bamboorose/ to learn more. 

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SOURCE Bamboo Rose

FAQ

What is the joint project announced by Bamboo Rose and Walmart?

Bamboo Rose and Walmart have announced a joint project to develop and implement a state-of-the-art enterprise sourcing platform (ESP) to revolutionize the way Walmart does business with tens of thousands of suppliers around the world.

What are the expected benefits of the ESP?

The ESP aims to enhance collaboration between Walmart's global teams, buyers, and suppliers, leading to more informed purchasing decisions, improved access to goods in different markets, and potentially reducing waste in categories like perishable goods.

How will the ESP impact Walmart and Sam's Club?

The implementation of the ESP solution is expected to streamline the supply chain, eliminate waste, and open doors for products to be sold in connected markets, impacting all markets and business units in Walmart and Sam's Club.

Who are the key figures involved in the joint project?

The key figures involved in the joint project are Daniel Berg, Vice President of Product Global Sourcing at Walmart, and Mike Mattei, Chief Revenue Officer at Bamboo Rose.

What is Walmart's focus with the new global multicategory sourcing approach?

Walmart's new global multicategory sourcing approach supports EDLC for customers, aiming to advance technology, support the supplier network, and save money for families around the world.