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 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.
"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. "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."
A recent, similar supply chain best practices review for the retail industry included retailers with more than $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 the 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.
