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Wednesday, February 20, 2013
How to Become a Walmart Vendor
Ten steps to make good business !
Choose the program that applies to the products or services you sell. If you plan to apply as a minority- or woman-owned business, your company must supply a current certificate.
Register your company with Dun & Bradstreet at dnb.com, if you have not already done so. Walmart buyers pull a D&B report before deciding whether to accept your business as a vendor. Dun & Bradstreet will assign a number to you upon registration. Include this number in the financial section of the application. Walmart does not accept risk ratings of seven or above. A score of one indicates low risk and nine reflects the highest risk.
Download the proposal packet from the Walmart website at walmartstores.com and fill it out completely. Requirements include product liability insurance, a copy of the Uniform Code Council that lists your business bar code and sometimes, you must mail a sample of the product with the bar code on it.
Submit the application online for the National Supplier Program. Visit your local store manager with the paperwork and a sample product, if your business wishes to participate in the local purchase program. The store manager will notify corporate if he is interested. All other requirements are the same. Call the appropriate phone number listed on the Walmart website for the type of service you provide. Write down the reference number assigned to your application for future use.
Respond to the buyer’s request for a meeting or to provide additional information. Sometimes the buyer skips this step if he already has sufficient information.
Complete and return the vendor agreement paperwork. After approval, call the Electronic Data Interchange help desk to set up electronic access to the Walmart vendor system. The EDI will set up an electronic work desk within the Walmart vendor database, and assign a temporary pass code so you can access the system.
Access your account online and complete the Supplier Agreement. You will find the link to this form on the "New Agreements" tab of your work desk. After approval, the Walmart corporate office will assign a vendor number to your business. It sends the vendor number to your company email and to the buyer with whom you have been working.