Wal-Mart: Average Family Saves $2329 / Year

This morning, I came across a statistic in an interview with a Wal-Mart executive that caught my attention. According to a Wal-Mart sponsored study -- which I can't seem to locate online, but is referenced in numerous articles -- Wal-Mart saved the averaged "American household on average $2329 in 2004". According to the interview, "the report reveals how Wal-Mart's entry into a market [also] creates independent opportunities for suppliers ... mainly by removing the inefficiencies in the system. We work closely with suppliers to bring about efficient supply chain management. This will result in passing on the savings to the customers." As anyone in the tech world knows, you can hire just about any analyst or research firm to toss together some numbers and sign their name to it, but usually there's some truth to the research. In this case, while I can't vouch for having saved $2329 at Wal-Mart last year, I can appreciate the argument that Wal-Mart makes by saying that it passes savings onto customers from an efficient operating environment and leverage over its suppliers. Regardless of the exact number, it's clear that Wal-Mart's Spend Management practices are helping consumers by increasing purchasing power in the home.

Jason Busch

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