“My whole job is to make decisions about trade-offs between time inventory cost and service, right across the chain.”
– Colin Yankee, Executive Vice President/Chief Supply Chain Officer with Tractor Supply Company
All retailers are currently undergoing a series of major adjustments in response to changing consumer patterns and preferences. From BOPIS to same day store delivery, inventory strategies and supply chain execution are being remade before our eyes.
Tractor Supply Company is no exception. They are “the largest rural lifestyle retailer in the United States,” or – as Supply Chain Now co-host Greg White puts it: “Disneyland for plow boys.” As their Chief Supply Chain Officer, Colin Yankee is doing his best to make sure that consumers can engage through a number of distribution channels without any loss to their overall experience.
In this episode, Colin provides an inside look at his company’s supply chain for Supply Chain Now Co-hosts Greg White and Scott Luton about:
· The importance of aligning his team before trying to apply technology to their processes, and what allowed them to achieve in 2020
· What companies have to do it they want to achieve supply chain resilience and efficiency at the same time
· The plans that Tractor Supply Company is putting in place to keep the gains in market share they picked up over the last year
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