Top retailers form group to review supply chain best practices

Best Buy Co. Inc., JC Penney Co. Inc., Rite Aid Corp., Safeway Inc. and Target Corp. 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 consulting firms 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 best practices.

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. 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.

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