(Sourcing and Procurement Article - Continued)
It’s unrealistic to expect retail corporate buyers to aggressively critique vendor offerings, for at least three reasons: (1) they would be critiquing the merchandise they had decided to stock on store shelves; (2) vendors would go ballistic over unfavorable reviews; and (3) it could potentially impact Wal-Mart sales revenue – which simply isn’t going to happen.
There are some things on the site about product trends that might be modestly useful for consumers. And at least for now, consumer responses to the blog posts seem to be uncensored. In response to the laptop post, for example, one reader comments that Best Buy has been offering a sub-$500 machine for weeks. On the same topic, another consumer wrote that “As I looked at the inventory, what I found is that it is mostly dud stock that ranges from 1 year to 2+ years old.”
Leveraging the Idea?
Many corporations now do some form of blogging, but generally these are from execs to the masses. The Wal-Mart approach though may trigger related approaches for buyers in other companies.
For example, an internal blog by buyers might provide useful information for users across the enterprise. Feedback from one plant on some problems with a given material or vendor could be related in a blog that other sites could access. Or, a procurement manager could report on a recent vendor site visit, or trends he or she sees in a product category, etc.
The advantage here, of course, is that buyers can speak much more freely, as an internal communication not a public one, though history shows that buyers would need to treat almost everything as if it had the possibility of going public. If you write a blog criticizing a supplier, you can expect that blog will find its way into the supplier’s hands before too long.
What’s your take on the Wal-Mart buyer blog site and idea? How do you think the concept can be potentially put to use for buyers/procurement managers in other areas? Let us know your thoughts at the Feedback button below. |