Walmart serves members and customers nearly 260 million times per week around the world. Becoming a Walmart supplier can have an enormous impact on your business.
Throughout economic downturns, changing trends in consumer behavior, and increasing competition ㅡWalmart continues to thrive and sell massive quantities of products from thousands of brands. Best of all, they continue to add new suppliers every single year.
Do you want to be one of those suppliers?
If so, you’ll need to know more about EDI and the associated requirements from Walmart to be an approved supplier. Fortunately, you’ve come to the right place!
Not only are we going to break down the information you need to know, but we’ll handle all of the technical stuff for you as your EDI provider. Getting approved as a Walmart vendor is easier than you think when you have the right help.
The 5 Basic Requirements To Be An Approved Walmart Supplier
Walmart doesn’t approve every brand that wants to be a supplier. They operate on a massive scale and, like all smart businesses, want to minimize risks as much as possible.
To learn more about Walmart’s requirements and the application process, visit their official Suppliers page. Below you can get a better idea of their basic requirements.
1. You must be EDI capable
To get approved as a new Walmart supplier you will need to be EDI capable, and you will need to use AS2 to send EDI transactions between your company and Walmart. Application Standard 2 (AS2) is the most usual method of transmitting EDI data over the internet.
AS2 is the benchmark for security and reliability for the Internet and cloud-based EDI systems, which is why Walmart requires vendors to use it.
2. You must provide accurate data through a GDSN
As an approved supplier, you will need to be 100% in-sync with Walmart and provide specific data through a Global Data Synchronization Network (GDSN). Essentially, GDSN allows trading partners to share their business data with each other automatically.
This gives Walmart confidence in their suppliers because as suppliers update their database, Walmart’s database is automatically updated ㅡkeeping everyone informed in real-time.
3. Your products require source tagging
To reduce shrinkage, Walmart requires suppliers to use source security tagging. This is the practice of applying disposable anti-theft labels during the manufacturing or distribution process. Tagging products with an authorized source tagging label certifies your products are legitimate.
4. You must be a regional-only supplier
Walmart is increasing the amount of locally-based products in their stores, and they only accept regional suppliers now. That means your startup or growing company has a better chance of getting your products in your local Walmart stores than ever before.
5. Your D&B risk rating must be less than 7
Walmart requires you to register with Dun & Bradsheet and have a D&B risk rating of less than 7. This D&B rating provides a quick indication of your company’s creditworthiness, which helps Walmart identify profitable opportunities for risks and growth that could affect cash flow.
Learn more about D&B risk ratings here.
How BOLD Van Gets You Connected With Walmart
In addition to providing the most cost-effective pricing model and first-class EDI service, BOLD Van also helps you with all of the EDI requirements to become an approved Walmart supplier. In fact, we do it for you!
As your EDI supplier, we will:
- Provide you with AS2 software
- Install AS2 software on your website
- Configure your AS2 for communication with Walmart
- Test your AS2 compatibility with Walmart
- Support and maintain AS2 software on your website
All of this is included for free in your service price! You’ll be to monitor and manage the process every step of the way. We’ll even walk you through the steps for GDSN compliance.
If becoming EDI capable and complying with Walmart’s requirements are the only things preventing your company from becoming an approved vendor ㅡyou have nothing to worry about. We’ve got you covered!
BOLD VAN offers a variety of EDI solutions. From cloud-based to full EDI system implementation, we’ve got the right solution for you. Speak to an EDI Solutions Specialist today 844-265-3777.