FORECASTING & REPLENISHMENT

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 what goes into creating orders, how modular changes are planned, and how safety stock is used.

Leave class with tools for better communication with your replenishment manager. You’ll have a deeper understanding of the roles and responsibilities of the Walmart replenishment team, and walk away with a solid grasp of the prescribed paths for communicating and collaborating with them.

Who should take this class:
Replenishment analysts and managers, forecasting managers, demand planners, allocation managers.
Produce suppliers: This class contains some reports which do not apply to you and which you will be unable to complete.

You Will Learn

Demand Forecast

• Breaking down the forecasting process
• When and how to “cleanse” your history
• Best practices for the start date
• Best practices for new item location
• Best practices for promotions

Fulfillment

• How the demand forecast data translates to fulfillment
• Explanation and use of the plan analysis
• Understanding safety stock
• Explanation of the allocation calendar
• Components of lead time
• How to prepare for new items/new modulars
• How to prepare for an item leaving the modular

Understanding the significance of:

• Keeping your purchase orders clean
• Optimization and Economic Order Quantity (EOQ)
• Truck load optimization (TLO)
• Utilizing other tools within Retail Link (NOVA, OTIF, SQEP, ASPEN, etc.)
• Walmart’s replenishment structure

How to create and use these reports:

• Store Demand Forecast
• Order Forecast
• Future Valid Item/Store
• Out of Stock Root Cause Dashboard

THIS CLASS RUNS FROM 9:00 A.M. TO 4:30 P.M. CENTRAL TIME.

IT IS A LIVE ZOOM MEETING WITH A MAXIMUM OF 10 PARTICIPANTS/INSTRUCTOR.

PRICE: $650

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

Registration closes at 3 P.M. Central Time on the last business day prior to the class.

Requirements and Notes

• Each student must register; one participant per registration.
• NOTE FOR NEW WALMART SUPPLIERS: In order to produce valid reports, your company should be shipping to Walmart prior to taking this class.
• During this class, no data is shared, confidentiality is maintained throughout, and proprietary materials of Walmart’s are not distributed.
• Content for this class is revised frequently — whenever changes or updates occur.
• Suppliers should have access to Luminate™ and should know Excel before registering for this seminar.
• 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.