New York — Lee Scott will retire as CEO of Wal-Mart on February 1, and what a legacy he leaves. Sales up 2.4 times, on a $167 billion dollar company. Inventory days down 23% to 34. Receivable days as close to zero as you can get, and payables never higher than a manageable 39 days.
This is a North River Management Grade A company if there ever was one. Wal-Mart’s endless stream of innovations aimed at dematerializing unneeded inventories and eliminating interstitial supply chain costs has born great fruit: Scott recently told the press of the current economic crisis, “this is our time.” You got that right, Lee.
Read on at North River Course Corrections.