Supplier and Vendor Relations Questions and Answers Flashcards
6 cards from real Walmart practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 Supplier and Vendor Relations Questions and Answers flashcards as text
What is 'collaborative planning, forecasting, and replenishment' (CPFR) in the context of Walmart's supplier relationships?
Answer: A joint process where Walmart and suppliers share data and collaborate on demand forecasts, production plans, and replenishment schedules
CPFR creates a partnership model where both parties contribute to more accurate forecasting and efficient replenishment.
A vendor requests a price increase citing rising raw material costs. How should Walmart evaluate this request?
Answer: Analyze commodity market data, compare with competing suppliers' pricing, evaluate the vendor's cost breakdown, and negotiate alternatives like value engineering
Price increase requests should be evaluated rigorously with market data and negotiation of alternatives.
What is 'supplier diversity' and why does Walmart invest in it?
Answer: Actively sourcing from women-owned, minority-owned, veteran-owned, and other underrepresented businesses to strengthen the supply base and communities
Supplier diversity expands the supply base, fosters innovation, supports communities, and reflects Walmart's customer demographics.
What is an 'electronic data interchange' (EDI) and why is it critical for Walmart's vendor relationships?
Answer: A standardized electronic system for exchanging business documents like purchase orders, invoices, and shipping notices between trading partners
EDI automates the exchange of business documents, enabling the speed and accuracy required for Walmart's supply chain scale.
A vendor's product is recalled due to a safety issue. What is Walmart's expected response protocol?
Answer: Immediately remove the product from all shelves and online listings, notify customers who purchased it, and coordinate with the vendor on the recall process
Customer safety requires immediate removal of recalled products from all channels and proactive customer notification.
What does 'on-time in-full' (OTIF) measure in vendor performance, and why is it important for Walmart?
Answer: The percentage of supplier shipments that arrive within the delivery window and contain the full ordered quantity
OTIF measures the reliability of supplier deliveries, directly impacting Walmart's ability to keep shelves stocked.