FORECASTING & REPLENISHMENT WITH RETAIL LINK® DATA

It sounds simple: Get the right number of items into Walmart when they’re needed, and don’t run out. But it’s become a complicated game, and the rules keep changing. Accurate forecasts are essential to producing purchase orders that support both in-stock and merchandise flow. Replenishment is critical to profitability.

Learn how and when to replenish inventory, and how safety stock is used. Leave class understanding the roles and responsibilities of the Walmart replenishment team and knowing the prescribed paths for communicating and collaborating with them.

All 8th & Walton classes for Walmart suppliers selling in Canada are taught by Heather Reid of Mississauga, Ontario. For 22 years, Reid worked at Walmart Canada, organizing and facilitating its Retail Link® courses of study and other training programs. She has taught over 2,000 suppliers. 

Who should take this class:
Those who are new to Walmart or new to retail; those who work directly with supply chain issues or have responsibility in supply chain areas; those who want to reduce fines. Analysts, supply chain managers, accountants.

You Will Learn

Introduction to replenishment

• Basic item information
• Why you are out of stock
• What influences product demand
• Challenges of demand forecasting
• Replenishment Pyramid

Focus on GRS Forecast

• Overview
• The process in detail
• When to cleanse history
• How to establish an initial mean

Best practices for —

• GRS forecasting
• New item locations
• Promotions
• Collaborating with replenishment managers

How to create and analyze these reports:

• Item 104 Week Sales Report
• Corporate Item Demand Forecast
• Demand Forecast by Store
• Corporate POS Report Query
• Last 13Wk POS Next 13Wk Forecast

How demand, calendar allocation, and forecast work together

How plan analysis works

Safety stock

• How it works at store level and DC level
• How to provide recommendations

Lead Time

• What comprises it
• How it determines dates on POs

Best practices for new items and new mods

Best practices for EOL (end of life)

How to complete Supplier Closing template

How to optimize orders

• The significance of TiHi
• Components and goal of EOQ

Truckload optimization

• How it all fits together
• What constitutes a full truckload
• Benefits of vendor pooling
• What  3PL (3rd Party Consolidation) entails

PO types and procedures

Best practices for meetings and communication

How to create and retrieve these valuable reports:

• Lead Time by Warehouse by PO
• Purchase Order
• Fill Rate & MABD Compliance %
• Supply Plan

THIS CLASS RUNS FROM 9:00 A.M. TO 4:30 P.M. EASTERN TIME.
IT IS A LIVE ZOOM MEETING WITH A MAXIMUM OF 10 PARTICIPANTS/INSTRUCTOR.
PRICE: $650 USD

SAVE 10% WHEN YOU PURCHASE 3 CLASSES AT ONE TIME.

Registration closes at 3 P.M. Eastern Time on the last business day prior to the class. Please use your supplier email address to register.

Requirements and Notes

• Each student must register; one participant per registration.
• Each student must use his/her camera throughout class.
• You must have authorized access to Retail Link®.
• You must have a Retail Link® ID and password.
• Please have Excel ready to use.
• NOTE FOR NEW WALMART SUPPLIERS: In order to produce valid reports, your company should be shipping to Walmart prior to taking this class. Since our classes do not use dummy data, if you are not shipping to Walmart, you will have no data with which to produce reports.
• Prior to class, you will be sent a Supplement with information pertinent to your class.
• Within three days after your class, you will receive a Certificate of Completion in your email. Many suppliers post this on LinkedIn because it keeps a profile fresh and exciting as well as up-to-date.
• 8th & Walton classes and seminars are exclusively for Walmart suppliers; only a supplier who works directly with Walmart may register.
• With its goal of improving content and presentation, 8th & Walton records each class. This is used strictly for its own edification and then only on an as needed basis. The recordings are not shared outside 8th & Walton. 8th & Walton always treats the privacy of its students, any comments students may make during class, and Walmart’s proprietary information with utmost respect. 
• Students are not allowed to record using a note-taker. 8th & Walton values the privacy of its students and adheres to confidentiality always. We also honor proprietary information from Walmart. Furthermore, class materials are written and copyrighted by 8th & Walton, and recording them is an infringement of copyright laws.
• 8th & Walton, LLC, Bentonville, AR is in no way affiliated with or endorsed by Walmart or its affiliates. All references to Walmart, as well as its affiliates, trademarks, and brands, are not intended to imply that 8th & Walton LLC is a Walmart vehicle for advertising or any other commercial purposes. Retail Link® and Walmart Luminate™ are registered trademarks of Walmart.