RALEIGH, NC and ATLANTA, GA, April 18, 2005-Five leading retail companies have joined forces to continue and expand an in-depth review of the supply chain best practices and metrics of the world’s leading retail companies. Best Buy, JC Penney, Rite Aid, Safeway, and Target have formed the Advisory Board for the 2005 Retail Supply Chain Best Practices Review.
Distribution center operations, direct-to-consumer operations and transportation (including international, ocean and truck) are the primary topics that the Advisory Board plans to review and analyze in 2005. The Advisory Board will oversee the collection and analysis of responses from participating companies through a web-based interview tool. The data analyzed will be presented to participants in a series of reports and review meetings that will provide very specific insights into the current and best practices of retail companies within various industry segments.
Supporting the Advisory Board in the execution of the Supply Chain Best Practices Review will be Tompkins Associates and The Soleus Group, who have developed an alliance to jointly market and deliver supply chain benchmarking services aimed at introducing clients to the best practices of the world’s leading enterprises. This industry-specific best practices review will provide a truly unique foundation for delivering improved supply chain execution results and strategy breakthroughs.
“There is tremendous value to retailers who participate in the next segment of the retail best practices review. It will enable them to look beyond the bounds of their distribution networks and begin to identify opportunities that will strengthen their supply chains,” said Jim Tompkins, President of Tompkins Associates, the leading supply chain consulting and integration firm.
“Continuing and expanding the best practices review will allow industries to compare their operations to their peers, to best practices and to emerging supply chain innovations,” Tompkins said. “They will also be able to chart the next steps they should take towards using their supply chains for competitive advantage.”
John Traendly, managing partner of the Soleus Group, the leading supply chain benchmarking firm, added, “These top-performing retailers will complete a process that provides insight into incremental and quantum improvement opportunities that uniquely fit retail-specific strategies.”
The initial Retail Supply Chain Best Practices Review, which took place in 2004 and focused on inbound supply chain practices, included retailers with over $500 billion in sales, 87,000 retail outlets and 3.8 million associates. The first phase of this ongoing retail review included 3,000 questions across 37 different functional topics. As a bonus, participants in the 2005 Best Practices Review will receive access to the results of the 2004 review.
Retail companies interested in learning how they can participate in the Supply Chain Best Practices Review may contact Mike Futch at 919-855-5505 for more information.
About the Companies
Tompkins Associates is the leading operations-focused consulting and integration firm, specializing in end-to-end supply chain solutions. Customers look to Tompkins’ expertise to develop and implement strategies for intelligent solutions in distribution center design, warehouse strategic planning, distribution network configuration, transportation system planning, system integration and implementation, logistics and manufacturing outsourcing, and supply chain optimization. As consultants and integrators for more than 30 years, Tompkins offers a proven track record and deep industry expertise for solutions that reduce costs and improve overall supply chain performance. The company is headquartered in Raleigh , NC . For more information, visit www.tompkinsinc.com.
The Soleus Group is a consulting services company focused on assisting clients in achieving world-class supply chain execution. Core offerings enable supply chain management to gain insights into what is possible through a sharing of best practices and value-based benchmarks. The Soleus Group’s role is to provide supply chain management with insights into incremental and quantum improvement opportunities that uniquely fit their enterprise strategies. Services include both industry-centric and multi-industry forums for sharing experiences, performance metrics, trends, and innovative processes. The company is headquartered in Atlanta , GA. Visit www.soleusgroup.com for more information.