For companies, such as Tyson Foods Inc.
Today’s blog is by Gayl Southard, Vice President Administration for SafeSourcing.
For companies, such as Tyson Foods Inc., moving product from farmers to vendors worldwide still requires phone calls, spreadsheets and vendor relationships with middlemen that take a cut of the profits. The broker fees add up and getting up-to-the-minute pricing information isn’t always reliable. Inventory and supply are not on a centralized database.
Scott Spradley, Chief Technology Officer at Tyson, the second largest processor of chicken, beef, and pork in the U.S. indicated some of their partners still rely on fax machines. To fill a supermarket order for chicken, salespeople need to call the warehouses across the country. Improving technology could dramatically improve company profitability. Tyson is employing technology with robotic arms to package poultry and digital equipment for sales teams to identify consumption trends. Spradley said a couple of years ago while he was preparing for a board meeting he was thinking about all of the components that made up his breakfast sandwich and all the stops those separate ingredients had to make before it reached the consumer. Thousands of miles are involved in bringing ingredients together, as well as packaging, for one breakfast sandwich. By reducing mileage using technology costs will come down.
For more information on how SafeSourcing can help your procurement efforts, or on our Risk Free trial program, please contact a SafeSourcing Customer Service Representative. We have an entire team ready to assist you.
Julia-Ambra Verlaine, WSJ, 3/9/2021