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RALEIGH, NC and ATLANTA, GA, March 14, 2005—Six leading consumer products companies have joined forces to conduct an in-depth review of the supply chain best practices and metrics of the world’s leading consumer products companies.Campbell Soup Company, Coca-Cola, Coors, Hallmark, Whirlpool, and Polo Ralph Lauren Corporation have formed the Advisory Board for the Consumer Products Supply Chain Best Practices Review.
Focused on supply chain processes, the Advisory Board will define the specific processes and metrics to be surveyed and 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 consumer products companies within various industry sub-categories.
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.
“We are excited to have these high-profile companies serve on the Advisory Board and spearhead the Consumer Products Best Practices Review,” said Jim Tompkins, President of Tompkins Associates, the leading supply chain consulting and integration firm. “Participating companies will be able to compare their operations to their peers, to best practices and to emerging supply chain innovations. They also will 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, “This Advisory Board will ensure that the best practices review focuses on the supply chain processes and metrics that are relevant to the consumer products industry. Most importantly, the results will be detailed and actionable.”
A recent, similar supply chain best practices review for the retail industry 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. This same process, guided by a separate Advisory Board, will now be applied to the consumer products industry.
Consumer products companies interested in learning how they can participate in the Supply Chain Best Practices Review may contact Bruce Tompkins at 919-855-5527 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.
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Media
Contact:
E-mail
Myra Schwartz or call 919-855-5533
See
Also:
Supply Chain Handbook Press Kit (Acrobat PDF, 1.5 Mb)
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