Kroger and Walgreens to Buy Products Together to Cut Costs

Total Retail | December 12, 2019

Grocery store Kroger and drug store Walgreens are teaming up. In an effort to cut supplier costs, the two companies want to start buying merchandise together, CNBC reported. The chain retailers will call this partnership the Retail Procurement Alliance, and will have them identifying overlap in products that they both are receiving so they can place their orders together. This will increase scale and lower costs for both parties, as well as reduce waste. The alliance will also evaluate if it's possible for Kroger to start manufacturing items in-house for Walgreens and vice versa, CNBC reported. Furthermore, Kroger and Walgreens hope that other companies will join the Retail Procurement Alliance in the future.

Spotlight

Learn about the industry’s first pharmaceutical supply chain solution that is reducing the cost of care and ensuring access to critical medications for hospitals and health systems.


Other News

Dom Nicastro | April 03, 2020

Read More

Dom Nicastro | April 03, 2020

Read More

Dom Nicastro | April 03, 2020

Read More

Dom Nicastro | April 03, 2020

Read More