Categories
Business

New Step-Stool Versions From Walmart Help Save $30 Million In Costs

Walmart is a massive entity. Making even the tiniest changes to its operations can help the company save lots of money. Doug McMillion, the CEO of Walmart, stated at an annual shareholder meet of Walmart, current stools in use at Walmart’s distribution centers would be swapped out for a lighter version. The meeting was held in Arkansas. The move is likely to save the company around $30 million a year, he said to shareholders.

Tractor trailers are loaded with items by workers who use stools to get this done. Items are packed to the top, said McMillion. With the goal being to maximize the number of items loaded into a trailer, this would cut costs and decrease road mileage. Since more items are loaded, this allows for lesser trips and saves valuable time.

However, the previous stools used at Walmart by workers were extremely heavy, clunky and big. People no longer wanted to carry the stool around with them, and therefore, items were not being packed to maximum capacity, since people were not using a stool. This was costing a loss of several million dollars to the retailer chain, whose sheer scale and magnitude makes even the smallest mistakes have massive consequences.

The latest version of this stepping stool is much lighter and easier to carry around. This has allowed Walmart to get better in packing trailers to maximum capacity. This would allow for saving the company over millions every year. Walmart has previously stated that it would save around $200 million by changing light bulbs installed in its parking lots & stores. It had also saved over $20 million, using different floor wax. This is in line with these adjustments. Walmart provides extremely low prices to all its customers, which is its tagline. This is only possible by minimizing costs.