walmart
Enterprise_
Innovation
Strategic Leader Human-AI Collaboration Data-Informed Decision Making
problem statement
Summary
Enabling Smarter Sourcing Through AI-Driven Insights
The Enterprise Surety Assessment Platform (ESAP) empowers Sourcing Managers and Merchants in supplier cost profiling and commodity price variability by introducing a consolidated data platform with improved cost visibility, accelerated supplier negotiations, and reduced manual workload aligning with Walmart Sourcing’s vision to expand and build resilient and efficient process.
Problem Statement
Sourcing Managers and Merchants at Walmart face critical challenges in making informed sourcing decisions due to:
- Dependency on Supplier-Provided Information: Reliance on data from suppliers led to issues in risk identification and increased costs due to raw material price fluctuations.
- Manual Data Gathering: Collecting cost profiles and commodity prices manually was labor-intensive, delaying negotiations and strategic decisions.
- Lack of Consolidated Data Repository: Absence of a unified commodity data repository hindered efficient analysis and decision-making.
- High Costs of Third-Party Data Subscriptions: Engaging with external data providers was expensive and complex, adding to operational challenges.
the process
Approach
Leading design stretagy for a Walmart-owned insight platform that automatically cleans and combines commodity data from multiple sources to enhance decision-making.
Leveraging AI-driven predictive analytics and intuitive data visualization to empower sourcing managers with actionable insights for faster, data-driven decision-making and effective risk mitigation.
Strategic Priorities Include:
- Developing business partnerships and maintaining a customer advisory board.
- Integrating AI/ML to enhance predictive insights and support pricing strategies.
- Achieving a unified, scalable data repository that covers more than 80% of key commodity market data.
- Reduce manual data processing time by up to 60%, freeing up resources for strategic initiatives.
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Impact & Outcomes
Efficiency Gains:
- Reduced manual risk review and data reconciliation efforts by 40%.
- Streamlined reporting processes, allowing risk managers to focus on high-impact decisions.
Enhanced Decision-Making:
- Real-time risk insights empowered proactive adjustments to risk management strategies.
- Improved transparency and communication led to a 30% increase in risk mitigation success rate.
Scalability & Adaptability:
- The unified platform accommodated growth, easily integrating new risk data sources.
- Flexible design allowed customization based on evolving business needs and regulatory changes.
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Designed & developed by Pratik Shah