EXAM

Is the following statement true or false?

Showrooming is a shopping process that begins in a store and ends with an online purchase.

Is the following statement true or false?

Invoice is a supplier’s bill for goods purchased by Walmart in accordance with purchase order terms.

Is the following statement true or false?

Universal Product Code (UPC) is a 12-digit POS barcode used to track merchandise in stores.  It allows items to be scanned at the register.

Is the following statement true or false?

Open Orders refers to an order with a quantity of zero.

Is the following statement true or false?

Constraint is a restriction placed on the calculation of recommended order quantities like cube, weight, cases.

Is the following statement true or false?

Limited Time Offer (LTO) refers to a reduced price for a product or service that will be available for a prescribed time only.

Is the following statement true or false?

Webrooming is a shopping process that begins in the store with browsing and ends with an online purchase.

Is the following statement true or false?

Score System is the financial P&L that provides a summary of all financial metrics that are important to both a supplier and to his/her Walmart buyer.

Is the following statement true or false?

Product Information Management (PIM) is the spreadsheet used in eCommerce to manually create and maintain items.

Is the following statement true or false?

Return Authorization (RA) is an approval by the supplier for Walmart to remove product from the shelf or store.

Is the following statement true or false?

Distribution refers to how widely available your product is to the consumer; or an area within the distribution center that allows freight to be received, labeled, and shipped out to the stores within one day, if the DC is on schedule.

Is the following statement true or false?

Lost Item is a product sold at a loss in order to attract customers.

Is the following statement true or false?

Sam’s Club is a chain of warehouse clubs that sell groceries and general merchandise, often in bulk.

Is the following statement true or false?

Supplier Quality Excellence Program (SQEP) is Walmart’s program set up to evaluate, measure, and monitor suppliers’ inbound quality in order to exceed customer satisfaction, improve end to end accuracy and visibility, drive continuous improvement towards perfection, implement First Time Quality (FTQ), and reduce operational costs.

Is the following statement true or false?

Sellers pay a Referral Fee on each product sold on Walmart Marketplace. The Referral Fee is calculated as a percentage of the gross sales proceeds from the sale of each product.

Is the following statement true or false?

Bulk Upload method: This method involves entering your catalog details into Excel spreadsheets.

Is the following statement true or false?

Voluntary Inter-Industry Commerce Standard is a standard for electronically sending orders and invoices (EDI) that Walmart supports.

Is the following statement true or false?

Apparel Distribution Center (ADC) is used for Apparel to de-consolidate orders and send to RDC’s.

Is the following statement true or false?

Promotional Calendar is an Annual calendar listing of all scheduled Walmart promotions.

Is the following statement true or false?

Walmart’s Global eCommerce division provides online retailing for Walmart only.

Is the following statement true or false?

The FedEx Advantage program gives Walmart Marketplace sellers free access to reduced rates on FedEx Express®, FedEx Home Delivery® and FedEx Ground® shipping services.

Is the following statement true or false?

These are the current performance metrics: 90-Day Order Defect Rate <1%; On-Time Shipment Rate >90%; Valid Tracking Rate >90%.

Is the following statement true or false?

Omni Item Setup Spreadsheet is a spreadsheet used to setup products for Omni Channels on Walmart.

Is the following statement true or false?

Carrier Code is a unique combination of letters (code) assigned to a carrier by the Interstate Commerce Commission (ICC).

Is the following statement true or false?

Responsible Sourcing is the buying and selling merchandise through a supply chain that is socially and environmentally responsible.

Is the following statement true or false?

Rollback refers to 10- to 30-day price reduction used to drive sales.

Is the following statement true or false?

The Global Data Synchronization Network (GDSN) is an internet-based, interconnected network of interoperable data pools and a global registry known as the GS1 Global Registry, that enables companies around the globe to exchange standardised and synchronised supply chain data with their trading partners using a standardised classification.

Is the following statement true or false?

The Business line of credit from Marcus by Goldman Sachs is an invite-only program designed to help sellers power their next Marketplace opportunity.

Is the following statement true or false?

Severe weather, natural disasters and fraud holds will have to be requested to have them be removed from your Order Defect Rate.

Is the following statement true or false?

Cost Crush is an incorrect cost on a received purchase order.

Is the following statement true or false?

Navigation Time is the time the driver with the load is scheduled to arrive at the gate of the DC.

Is the following statement true or false?

Wildcard is a character used while searching or querying that represents one or more characters. In the Walmart Scheduler, an asterisk (*) represents one alphanumeric character and a question mark (?) represents one or more alphanumeric characters.

Is the following statement true or false?

Walmart Sponsored Products Program is the self-serve Walmart Sponsored Products program for select Marketplace sellers.

Is the following statement true or false?

World-Wide Environmental and Regulatory Compliance Solutions (WERCS) is a third party that collects/authorizes MSDS (Material Specifications Detail Sheet).

Is the following statement true or false?

The Walmart Site to Store® (S2S) Program is a service that offers reduced shipping for online orders to any Walmart store.

Is the following statement true or false?

Chargebacks occur when a Walmart customer disputes credit card charges with their financial institution for purchases made on Walmart.com.

Is the following statement true or false?

Markup is any decrease in retail price.

Is the following statement true or false?

Breakdown is when palletized freight needs to be unpacked and sent to different departments or different stores.

Is the following statement true or false?

Batch Processing is the processing of information that is accumulated during the day and then processed together at one time during the evening.

Is the following statement true or false?

Promotion Rules refer to the rules and guides that Walmart expects from its Suppliers and Sellers running promotions on their marketplaces.

Is the following statement true or false?

Zones are the nine east to west divisions in the US that represent areas with similar climates and elevations. Lower numbers are warmer areas.

Is the following statement true or false?

Business Support Manager (BSM) is the person responsible for managing the forecasted sales of an item.

Is the following statement true or false?

Walmart does not automatically issues customer refunds for most failed deliveries that result in a return to send carrier exception scan.

Is the following statement true or false?

To ensure that Sellers have correct prices for their items, Walmart analyzes the market and sets item price lifts based on that market analysis.

Is the following statement true or false?

Pallet is a flat wooden or plastic platform that is transported with cartons, cases, boxes, or even loose material on top.

Is the following statement true or false?

Variance Days refers to the most number of days allowed between the date an item is received at the DC and its sell-by date.

Is the following statement true or false?

International Safe Transit Association (ISTA) is the author of test procedures that define how couriers should perform to ensure protection of their contents.

Is the following statement true or false?

The first seven digits of the 9 digit Supplier Number are the vendor number.

Is the following statement true or false?

Walmart Marketplace sellers must have a minimum return window of 30 days, which begins 7 days after an item’s ship date, with the exception of certain electronics items.

Is the following statement true or false?

Category refers to similar products within a department.

Is the following statement true or false?

A Trade Item Configuration (aka Trade Item Hierarchy) describes how Walmart can categorize an item based on your available Trade Items.

Is the following statement true or false?

The Content Quality Dashboard provides insights that will help you understand how your items are performing based on variables that affect a consumer’s purchasing decisions.

Is the following statement true or false?

Accounts Payable Invoice System (APIS) is a Retail Link® app for searching accounting issues.

Is the following statement true or false?

Supplier Number or Vendor Number is a number assigned to a supplier by Walmart to identify the company.

Is the following statement true or false?

Sellers may choose to provide customers with longer return windows.

Is the following statement true or false?

Online Item File (OIF) is a Catalog of all store items and logistics data associated with each item.

Is the following statement true or false?

Bill of Landing (BOL) refers to documentation of shipment. The bill of landing travels with the merchandise and is signed by the shipper and carrier in order to prove shipping and/or receiving.

Is the following statement true or false?

Old Inventory is an item that has not had inventory removed from the DC in the last 30 days. The cause could be such things as low sales, overstocked inventory in the stores, trapped freight.

Is the following statement true or false?

Global Supplier Management (GSM) is an app in Retail Link® used to manage supplier agreements and related matters.

Is the following statement true or false?

The Vendor Contract Number is composed of the two-digit department number and vendor sequence number.

Is the following statement true or false?

All types of products can be listed on Walmart Marketplace.

Is the following statement true or false?

Alignment Code is a designation indicating how an item is stored.

Is the following statement true or false?

Electronic Data Interchange (EDI) refers to sending orders and invoices electronically from computer to computer.

Is the following statement true or false?

On-Hand refers to the total quantity of an item in the store, excluding what’s on the counter and in the stockroom, in eaches or selling units.

Is the following statement true or false?

High Radius is an accounts payable portal used to run Purchase Orders for Sellers and Vendors.

Is the following statement true or false?

In an effort to educate DSVs and improve performance and operations, DSVs will be required to complete the DSV Certification Program.

Is the following statement true or false?

Global Location Number (GLN) is Part of the GS1 systems of standards used to identify a location uniquely.

Is the following statement true or false?

Factory ID is a numeric value Walmart assigns to a factory used to produce product. Knowing this and having this is a required step in item creation.

Is the following statement true or false?

Importer of Record (IOR) is the party responsible for customs clearance.

Is the following statement true or false?

Shrinkage refers to the difference between inventory that is on hand in the system and what is physically on hand.

Is the following statement true or false?

Transportation Management System (TMS) is a Retail Link® app by which collect suppliers schedule trucks. Your Routing Requests are done through this app.

Is the following statement true or false?

Contract Number (for dotcom) is the vendor 2-digit department number and 1-digit sequence number.

Is the following statement true or false?

GS1-128 is a detailed level of label that can include details of an item, such as serial numbers. Formerly known as a Code 228 barcode.

Is the following statement true or false?

Geo-fencing is a virtual fence Walmart puts around online products when those products cannot reach the consumer within two days.

Is the following statement true or false?

Manifest is a Seller’s list of all materials included in a shipment.

Is the following statement true or false?

Gross Margin Percent is sales minus sales divided by cost.

Is the following statement true or false?

Walmart Fulfillment Services (WFS) is a new program that allows sellers to store their inventory at Walmart fulfillment centers. When a customer places an order on Walmart.com, WFS picks, packs and ships the item(s) to the customer on a seller’s behalf. WFS also handles all customer support and returns for these orders.

Is the following statement true or false?

Cash Discount is the allowance for paying on time as spelled out in the supplier agreement.

Is the following statement true or false?

Key Features (also known as Highlights) are normally formatted as bullet-points on your product detail page to spotlight the more prominent features and benefits of your product.

Is the following statement true or false?

Traited is when an item has been published successfully on Walmart’s online store.

Is the following statement true or false?

Pro/BOL Number is a delivery tracking number carriers use to track loads.

Is the following statement true or false?

Lost Sales refer to those selling opportunities that have been lost because an item was out of stock or because a particular brand or line of merchandise is not carried or any other reason that caused a retailer to lose the opportunity to sell.

Is the following statement true or false?

Walmart.com has partnered with FTF Commerce to help you quickly and easily meet all of their DSV program requirements (e.g., purchase order acknowledgements, shipment notifications, inventory status updates and more).

Is the following statement true or false?

Co-Op is a financial charge levied on the buyer to the supplier for a variety of reasons, for example, advertising or rollbacks.

Is the following statement true or false?

Walmart Electronics Guidance is a guide to how to list electronic products on Walmart.

Is the following statement true or false?

The published status refers to an item, and the life cycle status refers to an offer.

Is the following statement true or false?

Proof of Receipt (POR) is a signed receipt or bill of lading proving that a delivery has been completed.

Is the following statement true or false?

Rate of Sale (ROS) is the amount of stock sold from one ordering week to the next.

Is the following statement true or false?

Dun & Bradstreet (D&B) is a third-party provider of logistics solutions.

Is the following statement true or false?

Swell Allowance is a manufacturer’s refund to cover the costs of returned products by the consumer.

Is the following statement true or false?

Each/Eaches refers to a sellable unit/more than one of the same sellable units.

Is the following statement true or false?

Boxed Order is the initial order to stock or fill a store’s shelf space.

Is the following statement true or false?

Request for Pickup (RFP) refers to the function within the Retail Link® app called WTMS in which a collect supplier requests loads be picked up.

Is the following statement true or false?

Deal is an app in Retail Link® used to create, track and pay for a promotion such as Instant Savings.

Is the following statement true or false?

Endless Aisle is expanding the store aisle virtually by allowing in-store customers to virtually browse.

Is the following statement true or false?

Service Level Agreements are performance measures that you, as a Seller or Vendor of Walmart, agree to when it comes to selling on Walmart.

Is the following statement true or false?

Stock Keeping Unit (SKU) is one individual item of merchandise.

Is the following statement true or false?

Run Time (RT) is the amount of time from receipt of a purchase order by the vendor to the receipt of goods to the destination.

Is the following statement true or false?

3rd Party Logistics (3PL) is a provider offering outsourced logistics services to suppliers.

Is the following statement true or false?

Instant Savings Bulletin (ISB) is a name for Sam’s Club instant coupons. Also called a tabular, tab, or booklet.