Reducing Costs: Walmart Business Addresses the Business Landscape of 2024

Bolster your bottom line

2024 should mark a time of increased stability for many businesses still struggling after a period of economic uncertainty and shifting supply and demand. With interest rates and inflation still high, though, returning to normal can be tricky. For business owners, this means finding new ways to balance budgets.

At Walmart Business, we understand that reinforcing the bottom line means taking a hard look at everything from invoices to the cost of office supplies. That’s why we’ve prepared the following guide to reducing costs in 2024.

The business landscape in 2024

After a four-year period when industries struggled to adapt to the ups and downs of the COVID-19 pandemic, 2024 has emerged as a year of still lingering inflation and economic correction. Experts expect inflation to ease and interest rates to go down, but in the meantime, businesses are demonstrating that they have learned from the recent past and are able to make course corrections.

While previously, businesses were able to balance their bottom lines by increasing prices for their goods and services, inflation has made that lever difficult to pull. Prices for items of all kinds are higher, with the Consumer Price Index (CPI) up 3.1% in January 2024 from January 2023, and consumers are not willing or able to absorb further increases. As a result, businesses must look elsewhere to make ends meet. 

Successful businesses need to adapt to the new reality and make smart choices. Read how clinical psychologist Dr. Kimberly Lemke uses Walmart to save both time and money.

How Walmart Business can help

Given all the challenges that businesses are dealing with in 2024, Walmart Business is proud to be able to offer solutions. From reducing expenses to improving operational efficiency, Walmart Business has the tools you need to cut costs and grow your business.

Reduce expenses

One way to maximize profits is by reducing expenses. The less money going out, the more you can use to grow your business. 

With a broad array of low-price products and exclusive features and services, Walmart Business can help you keep your business stocked and equipped to meet the demands of the coming year. 

• Low prices: Walmart Business offers low prices on items from office supplies to groceries and essentials. Whether you’re stocking your break room or your boardroom, find the items you need—for less.

• Free shipping: Walmart Business members receive free shipping, no order minimum on practically anything your office needs.¹ You can also have your items delivered from a store for orders $35 and over.²

• It pays to shop: Sign up for Walmart Business+ to receive access to features like our Rewards, where you can earn 2% on purchases of $250 or more.³ This way you can earn money as you spend money.
  

For even more information on how shopping at Walmart can help you reduce expenses, be sure to read 5 Ways Walmart Business Leverages Convenience for Business Growth. 

Optimize procurement processes

Cutting costs is about more than saving money on goods; it’s also about streamlining your ordering process. The less time you spend on procurement, the more time you can spend on what’s important.

• Shared accounts: Walmart Business members can add up to five users per multi-user account, with shared payment methods. Admin and buyer roles mean you can delegate ordering by department and keep track of what your team members are spending and on what. 

• Subscription ordering: Save time by automatically reordering items you use every day on an easy to manage schedule.⁴

• Shop with ease: Get the products you need online, on the app or in the store.
  

Read Time is the New Currency: Here’s How Walmart Business Helps You Save It for information about why your time is even more valuable than you might think.

Improve operational efficiency

Boost your bottom line by spending less to get more. With Spend Analytics, you can track your spending across categories, time periods and users. This allows you to get a top-down view of where your money is going so you can make the right decisions quickly and accurately.

Sign up for Walmart Business

Start cutting costs right now by signing up for a free account at Walmart Business, where we save you time, money and hassle. Simply verify your business to start saving money on a broad range of products and access to features like installation and assembly, tech services and product protection plans. Already a member? Upgrade your account and take advantage of additional benefits with a Walmart Business+ account.

Need more ideas? Check out Elevate Your Business with Walmart: Exploring the Advantages of a Walmart Business+ Membership to learn the many ways a Walmart Business+ membership can help your business thrive.

Better yet, talk to people just like you by joining the Walmart Business Community. Read Collaborate, Connect and Thrive: The Power of the Walmart Business Community for more details on how you can collaborate, compare and converse with your peers.   

¹Excludes most Marketplace items, freight and certain location surcharges.

²Restrictions apply. Additional fee applies for Express delivery.

³Exclusions apply. See full terms for details.

⁴Shipping, delivery and minimum order fees may apply. Eligible items only. Terms apply.