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Wal-Mart (WMT) has a New Year's resolution: to save more. Yep, it sounds like the kind of thing you'd see in a Wal-Mart commercial, "This year, I resolve to save more with everyday low prices!" But, it's actually quite real for the Bentonville, Arkansas company. The plan for 2010 is to purchase directly from manufacturers -- rather than procurement companies or suppliers -- which should reduce its supply chain costs for private label products significantly. Currently, Wal-Mart spends around $100 billion to acquire the private label products it sells around the world, approximately 25% of its $400 billion in revenue. The discount retailer will also purchase more of these products internationally -- today, it picks up less than 20% of its private label goods on a country-by-country basis.
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