Code 66: Markdown Monies / Price Protection

Overview

Code 66 deductions are related to markdown monies and price protection agreements between Walmart and suppliers. These deductions are typically based on negotiated agreements documented through Retail Link, Co-op Agreements, or Online Supplier Agreements (OSA/GSM).

Suppliers should review the applicable agreement details and confirm the deduction with the sales representative who approved the arrangement. The invoice number associated with the deduction represents the co-op number.

Code 66 deductions should be verified against approved supplier agreements and supporting documentation before determining whether a dispute is appropriate.

Common Root Causes

• Markdown or price protection deductions applied according to an approved agreement.
• Supplier agreement terms not matching supplier expectations.
• Missing documentation supporting the approved deduction.
• Incorrect understanding of co-op agreement or price protection terms.
• Discrepancies between Retail Link records and supplier documentation.

How to Prevent Code 66 Issues

• Review markdown and price protection terms in supplier agreements before accepting them.
• Maintain documentation for all approved price protection arrangements.
• Ensure sales representatives provide written confirmation for special agreements.
• Regularly review Retail Link and Online Supplier Agreement (OSA/GSM) information.
• Verify deduction terms before approving pricing changes or promotions.

Can It Be Disputed?

Code 66 deductions should be reviewed with the sales representative who approved the deduction. If the deduction does not match the approved agreement or supporting documentation is incorrect, suppliers may be able to request a correction.

How to Resolve Invalid Code 66 Deductions

Review the deduction details in Retail Link and locate the related Co-op Agreement or Online Supplier Agreement (OSA/GSM). The supplier contact field identifies the representative responsible for approving the deduction.

• Review the applicable Co-op Agreement or OSA/GSM documentation.
• Verify the invoice number listed is the related co-op number.
• Contact the approving sales representative for confirmation.
• Request supporting documentation if the deduction cannot be verified.
• Provide agreement records and approval documents when requesting correction.

Supporting Documentation

• Retail Link Co-op Agreement details.
• Online Supplier Agreement (OSA/GSM) documentation.
• Written approval or correspondence from the sales representative.
• Pricing agreements or markdown authorization documents.
• Supporting records showing the approved price protection terms.

Conclusion

Code 66 deductions are generally connected to markdown monies and price protection agreements. Suppliers should carefully review approved agreements, maintain supporting documentation, and verify deductions with the approving representative. Proper documentation and agreement review are essential for resolving incorrect price protection deductions.