Technological evolution has advanced at a rapid pace, and with these enhancements come greater opportunities for optimization. Walmart is taking the reins to streamline its supply chain and maximize profits with an acquisition. The retail chain has announced it is acquiring Volt Systems to enhance on-demand visibility into merchandising resources.
As noted in the release, Volt Systems' application offers suppliers current store-level data, actionable analytics, and shelf intelligence, enabling them to plan, forecast, and optimize product assortment, according to a release. As a result of these insights, consumers will receive a more seamless omnichannel shopping experience with less friction due to out-of-stock offerings.
Walmart’s latest acquisition supports its investment in technology and innovation in order to better anticipate shopper demand. The big-box retailer will be acquiring Volt Systems outright, including the company, associates, technology, and customer agreements.
With consumers’ need for seamless services, how will this new application streamline services to boost sector sales in the specialty arena? Deli Market News will report.