Walmart has pumped significant funds and effort into increasing its B2B operations to facilitate procurement for its stores from suppliers. Just weeks ago, the retail chain conglomerate revealed a new online procurement service for its wholesale stores in parts of India. On Monday, Walmart announced the latest development in its B2B eCommerce efforts.
The corporation revealed the launch of B2B eCommerce facilities in Punjab to service its Best Price Modern Wholesale members. According to reports, the service is available to four of the existing five wholesale members, who can now book their orders online to restock merchandise.
According to Walmart India President and CEO Krish Iyer, the newest facilities connected to www.bestprice.in were created in response to the positive feedback and increased productivity from the other B2B eCommerce efforts throughout India by Walmart. “The overwhelming response that we received from the members has encouraged us to launch the B2B eCommerce platform in seven Best Price Modern Wholesales stores,” Iyer said. “Due to the convenience of online shopping, our reseller (Kirana) members are glad that they are now able to spend more time in their shops with their customers."
The digital procurement service is available 24/7, reports said, and delivers goods straight to wholesale stores. Ahead of the launch of the Punjab project, Walmart reportedly organized workshops and training tools to help the company’s wholesale buyers to benefit from the new digital procurement strategy, which aims to facilitate growth in the retail locations, reports said.
Walmart said it plans to roll out the service to the remaining Punjab location to complete the project later this month.
Earlier last year, Walmart rolled out its eCommerce service support for its Best Price wholesale stores in India to support procurement efforts. The corporation runs 20 wholesale stores across the nation, according to reports.