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Walmart > Supply Chain > Flashcards

Supply Chain Flashcards

1
Q

1BW

A

One Best Way

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2
Q

Four Core Responsibilities

A
  1. Create the Annual Operating Plan (AOP)
  2. Monthly Close
  3. Bi-Monthly Forecast
  4. Analysis to drive productivity/cost savings and to ensure appropriate decisions are being made.
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3
Q

Annual Operating Plan

A
  • Ensure the business is aligned to key assumptions.
  • Building level plans drive quarterly incentive payouts
  • Identify key risks and opportunities
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4
Q

Monthly Close

A
  • Ensure the financials are correct.

- Explain drivers of variance to plan and forecast.

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5
Q

Bi-Monthly Forecast

A
  • Ensure business alignment.

- Identify risks and opportunities.

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6
Q

Quarterly Incentive Program

A

Potential bonus based on productivity, accuracy/damages, and quality.

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7
Q

Warehouse Claims

A

Charges to DC of 0.17% of sales to compensate stores for routine losses that happen during handling for stores that do not file a claim.

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8
Q

Primary DC revenue sources

A

Warehouse Service Charge, Buying Allowances, Trucking Income, Shrink Accounts (Stock Shortages, Warehouse Inventory Variances)

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9
Q

Warehouse Service Charge

A

1.4% of sales + inbound freight + outbound freight. Upcharge for the service we provide the stores.

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10
Q

Trucking Income

A

0.61% of sales for RDCs and 0.3% for FDCs

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11
Q

DSD

A

Direct store delivery. Supplier directly delivers products to store.

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12
Q

Prepaid transportation

A

Supplier is responsible for shipping product to DCs and cost is included in product cost. About 66% of total transportation.

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13
Q

Collect transportation

A

Walmart is responsible for picking product up at supplier and shipping to DC. About 34% of total transportation.

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14
Q

Staple stock

A

Inventory that is stored within the DC

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15
Q

Distribution assembly

A

Inventory that is typically shipped and received the same day

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16
Q

Break pack

A

The most labor-intensive freight type. A case needs to be opened to remove the inner packs inside.

17
Q

Non-conveyable inventory

A

Large, bulky items

18
Q

Base Wage Rate

A

(Maintenance wages + associate wages + temp/contractor wages + 2/3 OT wages) / Total Hours

19
Q

AP0341R

A

Payroll daily accrual

20
Q

AP0340R

A

Daily accrual reversal

21
Q

AP0345R

A

True payout earned by associates

22
Q

WHSE GP

A

Warehouse gross profit. Calculation of COGS expenses. Measures how well we are managing our inventory.

23
Q

What accounts make up warehouse GP?

A
  • cost of good sold (debit or credit)
  • inventory variances (usually debit)
  • buying allowances (usually credit)
  • transportation expense (usually debit)
  • other COGS and cost of services (usually debit)
24
Q

Buying allowances

A

Generated by supplier/merchant agreements in which we receive a percentage of the total inventory cost received in the building. Usually a credit balance. Warehouse allowances are excluded from SG&A networks since merchants capture this on their P&L.

25
Q

5 criteria to retrieve data from Reporting Cube in Essbase

A
  • Year
  • Scenario (actual, plan, etc)
  • Period
  • Entity
  • Accounts
26
Q

MIP

A

Management incentive plan

27
Q

COGS networks

A

GMC, Imports

28
Q

SG&A Networks

A

RDCs, Fashion, Specialty

29
Q

Cross Docking

A

Unloading freight from an inbound load and loading it directly into an outbound shipment with little to no storage in between.

30
Q

Ship Void

A

An order is canceled by the system when it has not been billed to the store and the label and freight have not been physically located after 6 days.

31
Q

OIR

A

OSHA incident rate: a measure of OSHA recordables per 100 FT employees.

32
Q

LTCR

A

Lost Time Case Rate: a measure of lost time injuries per 100 FT employees.

33
Q

Cost Bust

A

A product is billed to a store with an incorrect cost or weight.

Walmart (7 decks)

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