Tale Of Two Retailers
During the first Consumer Electronics Supply Chain Academy at CES 2007 (see pg. 100 for more on the conference), all segments of the consumer electronics industry supply chain—including retailers, manufacturers, distributors, TPLs, service providers and solution providers—addressed the growing challenges to increase revenues and gross margins while taking costs out of the total CE supply chain. This article is the first in a series that will highlight the objectives, strategies and tactics introduced in a true spirit of collaboration by the leaders in the industry at the CECSA conference. The first deals with the initiatives of two premier retailers: Best Buy and Circuit City.
Executives of the two major retailers articulated how they are fundamentally transforming the supply chains at their organizations to gain a competitive edge.
Bob Willett, CEO of International and CIO of Best Buy, and Ron Cuthbertson, Circuit City’s senior vice president of supply chain operations and head of global sourcing, explained how collaboration with their customers and their vendors are the driving forces behind how new technology and strategies are going to deliver a big payoff for their ongoing investments in new supply chain systems.