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It'll be interesting to see what this does to Florida's supply chain program. I went to a school that's ranked in the top 3 for supply chain programs. And desp
by cosmie 8y ago
It'll be interesting to see what this does to Florida's supply chain program.
I went to a school that's ranked in the top 3 for supply chain programs. And despite not being in the supply chain program myself, I stumbled into a 6 month internship with a company consistently ranked in the top 2-3 for supply chain.
Walmart is the type of company that invents supply chain management methods which eventually get taught in schools. In a similar fashion to how Google invents solutions and releases whitepapers around those concepts that spawn entire ecosystems of concepts and systems.
One thing Walmart is notorious for is how they onboard new suppliers. They effectively dictate the margins they'll let you have on a product. If you tell them that isn't possible, their SCM division will look over your internal processes with the fervor of a forensic accountant, and tell you exactly what you need to do to shape up your operations and get to the level they demand. If you're a fledgling company that scored a Walmart contract, it can be incredibly helpful in rapidly evolving your SCM/Logistics. And once you can service Walmart, you can service any company.
Although I'm not sure if that's offered for all suppliers or just their smaller suppliers that are at risk of not being able to keep up with Walmart's volume. And it's not really optional, but rather a form of risk management as well as price control. If they think you won't be able to deliver, they won't award you the contract and risk empty shelf space.
I'm curious if they'll take a similar approach to these SCM programs. None of the universities listed have ranked supply chain programs, but with Walmart directing their associates to the programs, I doubt they'll stand by and not demand changes to suite their needs. And with their expertise, they could easily catapult these programs to top ranked ones.