A recent Supply Chain Consortium survey queried 100 retail and consumer goods companies regarding their supply chain practices. The findings include:
61 Percentage of companies that meet with suppliers on a monthly basis to discuss performance.
29 Percent that meet with suppliers on a quarterly basis to discuss performance.
90 Percent that have assessed financial penalties to suppliers in the past 12 months.
72 Percent that monitor supplier performance with respect to shipment of the correct products and correct quantity.
66 Percent that do not have a formal improvement suggestion program with suppliers.
76 Percent that do not receive feedback from suppliers about the effectiveness of their internal processes.