Walmart Global Tech’s Post

Many thanks to Austin P. at PYMNTS for the great conversation and opportunity to share more about how we’re leveraging AI-driven technologies in our supply chain to handle potential disruptions, from natural disasters to sudden shifts in customer behavior, so that we’re consistently doing what we do best - serve our customers. #AI #DigitalTransformation #SupplyChain #RetailInnovation #Walmart

Interesting view - High performers x Lower performers (supply chain organizations) - investments on AI/ML technologies to support the main supply chain's processes! https://lnkd.in/dY78CnZe

Did you know that last-mile delivery can account for up to 53% of the total shipping cost? 😮 In the fast-paced world of e-commerce and same-day deliveries, the last mile in the supply chain has become a defining factor for retailers' success. 🛍️📲 🤖 The solution may be #AI. It can be used in e.g. demand forecasting to analyze data and maximize their sales as well as reduce resource usage at the same time. Another good practice where #AI can be of help is delivery routes optimization. Ready to optimize your last-mile strategy? More insights in the article below 🚚 #SupplyChain #Retail #Logistics

Did you know that last-mile delivery can account for up to 53% of the total shipping cost? 😮 In the fast-paced world of e-commerce and same-day deliveries, the last mile in the supply chain has become a defining factor for retailers' success. 🛍️📲 🤖 The solution may be #AI. It can be used in e.g. demand forecasting to analyze data and maximize their sales as well as reduce resource usage at the same time. Another good practice where #AI can be of help is delivery routes optimization. Ready to optimize your last-mile strategy? More insights in the article below 🚚 #SupplyChain #Retail #Logistics

This story explores how Walmart uses AI and machine learning to revolutionize supply chain management, enhancing agility, resilience, and customer satisfaction amidst ongoing disruptions. It highlights the integration of real-time data and automated decision-making to optimize inventory flow and prepare proactively for challenges, marking a transformative shift towards tech-powered supply chain ecosystems. https://lnkd.in/gMJXeSHz #SupplyChain #SupplyChainManagement #AI

Artificial intelligence is making a huge difference for retail supply chain optimization, as there’s a greater need for fast delivery to shops and end customers, and an increasing focus on tight inventory control. AI helps retailers understand exactly how their supply chain is operating, make improvements throughout and eliminate waste and overhead. In this article, we’ll explore some of the trends in AI for the retail supply chain. https://loom.ly/nLTe0S8

🛒 𝐓𝐡𝐫𝐨𝐰𝐛𝐚𝐜𝐤 𝐭𝐨 2021: 𝐖𝐚𝐥𝐦𝐚𝐫𝐭'𝐬 𝐀𝐈-𝐃𝐫𝐢𝐯𝐞𝐧 𝐒𝐮𝐩𝐩𝐥𝐲 𝐂𝐡𝐚𝐢𝐧 𝐓𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 🛒 In 2021, amidst global supply challenges, Walmart leveraged AI to revolutionize its supply chain operations, setting a benchmark for retail logistics. Here’s how AI made a pivotal impact: - 𝐃𝐞𝐦𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭𝐢𝐧𝐠 - Walmart implemented advanced AI algorithms to predict consumer demand patterns more accurately. This technology enabled them to optimize stock levels, reducing overstock and shortages across their stores nationwide. - 𝐈𝐧𝐯𝐞𝐧𝐭𝐨𝐫𝐲 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 - AI systems were used to automate and streamline inventory processes. This integration allowed for real-time tracking and management of goods, ensuring shelves were always stocked with what customers needed most. - 𝐋𝐨𝐠𝐢𝐬𝐭𝐢𝐜𝐬 𝐎𝐩𝐭𝐢𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 - Walmart utilized AI to enhance their routing algorithms, improving the efficiency of their delivery networks. This not only reduced shipping times but also lowered operational costs, making the supply chain more resilient. 🌐 𝐋𝐨𝐨𝐤𝐢𝐧𝐠 𝐀𝐡𝐞𝐚𝐝 Walmart’s AI initiatives in 2021 demonstrated the transformative potential of AI in retail SCM. As we look to the future, the role of AI in enhancing operational efficiency and customer service remains crucial. Rizzbuzz is here to help your business harness these technologies for a smarter, more responsive supply chain. 🔗 𝐃𝐢𝐬𝐜𝐨𝐯𝐞𝐫 𝐡𝐨𝐰 𝐑𝐢𝐳𝐳𝐛𝐮𝐳𝐳 𝐜𝐚𝐧 𝐭𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦 𝐲𝐨𝐮𝐫 𝐬𝐮𝐩𝐩𝐥𝐲 𝐜𝐡𝐚𝐢𝐧 𝐰𝐢𝐭𝐡 𝐀𝐈. 𝐒𝐞𝐧𝐝 𝐮𝐬 𝐚 𝐦𝐞𝐬𝐬𝐚𝐠𝐞 𝐧𝐨𝐰! #Throwback #SupplyChainInnovation #Walmart #AIinRetail #RizzBuzz #FutureOfLogistics

It's the busiest time of the year for our retail clients. We're proud to partner with them to improve their customer experience and business results utilizing AI. #RetailTech #CustomerExperience #AI

A recent article from Supply Chain Xchange highlights results from our commissioned IDC survey on #DecisionIntelligence. Learn how companies can benefit: https://hubs.li/Q02hLX3L0 #AI #DecisionAutomation #SupplyChain

#Walmart Automating Supplier Negotiations! One particularly interesting use case is in supplier negotiations. Walmart has trialed using a generative AI chatbot to close deals with 89 suppliers of items like shopping carts and other store equipment. Of those suppliers, the chatbot closed deals with 64 percent, gaining an average of 1.5 percent in cost savings and an extra 35 days in extended payment terms. An impressive 83 percent of suppliers actually liked the chatbot negotiation – proving that not only can automated negotiations result in better terms, but they can provide a good experience for vendors, too. #GAI #vendorsnegotiations #contract #procurement #automated https://lnkd.in/gRMJJFGr