From Sunday’s NWAOnline.com
Wal-Mart Stores Inc. has joined the ranks of retailers that impose penalties on suppliers that fail to deliver products within the company’s prescribed four-day window.
Effective Feb. 1, under the new policy, suppliers whose products arrive at regional distribution centers before or after that period face a 3 percent penalty based on the cost of the goods.
Previously, the company requested delivery within a four-day window but gave suppliers no incentive to meet the schedule, said Dan Fogleman, a Wal-Mart spokesman.
“This is a common practice among national retailers, andreally in line with charges assessed by our closest competitors,” Fogleman said.
Competitors Target Corp., Best Buy Co. Inc. and Kohl’s Corp. are among the other retailers that assess penalties for early or late deliveries.
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