New OTIF changes are here! Learn how Walmart Suppliers are adapting to hit the new 98% goals at the online Supplier Community panel hosted by SupplyPike on October 7.
At this event, you will:
- Get an in-depth explanation of what the new changes are,
- Hear how logistics companies are having to adapt to reach these goals,
- See overall trends in the industry, as well as how companies are adapting, and
- Have a chance to get your questions answered by experts who work for suppliers, transportation, consulting firms, and more!
What is OTIF?
OTIF is a compliance program that Walmart implements to create a better supply chain. The retailer designed the program to ensure that products are on the shelf when they need to be and where they need to be.
There are two key factors that determine a Walmart Supplier OTIF Score. If the supplier was:
- Did the cases delivered arrive on time at the distribution center, or were all cases ready for pick up by the appointment time?
- Did Walmart receive all of the cases ordered?
If a supplier happens to miss either of these criteria less than 98% of the time, then they can face hefty fines.
One study found that less than 40% of Walmart suppliers made their OTIF goals in 2019, and Walmart estimates that poor In-Full performance accounted for $1.7 billion in lost sales during the 2018 fiscal year. This suggests that not hitting the OTIF goals can have major impacts for both a supplier and the end consumer.
At the OTIF Panel
During this Q&A event, attendees can expect answers from industry leaders on:
- How OTIF has been affecting suppliers
- Best Practices when considering OTIF
- The key metrics suppliers should examine to measure their OTIF performance
- The future of retailers measuring supplier performance
During the event, you will get a chance to ask questions to the following industry leaders.
Director of Customer Development at SupplyPike
Stacy leads the Customer Development team for SupplyPike, a supply chain software solutions company in NW Arkansas focused on helping CPGs increase their retail intelligence and profitability. Her passion is to help suppliers better understand their business. Stacy has over 10 years of experience in the retail industry, with experience in sales, account management, replenishment, and supply chain.
Vice President of Corporate Sales Solutions at Hub Group
Colby Beland joined CaseStack in August 2010 as the company’s Vice-President of Sales & Marketing. In December 2018 CaseStack was acquired by the Hub Group, Inc. and is now the Vice President of Corporate Sales Solutions at Hub Group.
Colby holds a BSBA degree in Supply Chain Management from the Walton College of Business, and has spent the last 26 years working in multiple facets of the supply chain with extensive knowledge in retail logistics, warehousing, international shipping, freight consolidation, less-than-truckload, truckload, intermodal, parcel, expedited transportation, and brokerage services. Mr. Beland is a Board member of the University of Arkansas Supply Chain Management Research Center, and sits on many local boards, in addition to being actively involved in coaching youth football, basketball, and baseball travel teams.
Vice President Operations at Island Ventures
Taylor is the Vice President Operations for Island Ventures, a local venture capital firm with a multifaceted team that brings decades of experience across numerous categories and business types. Taylor is a proven operator within the PE arena with a demonstrated history of working in the consumer goods industry. He also has experience as a professional aviator with multiple roles held within corporate aviation.
OTIF Radar Product Owner at SupplyPike
Ryan manages SupplyPike’s OTIF Radar application, a product built to help suppliers isolate poor performance in their supply chain and resolve issues before it impacts their bottom line. He is responsible for the product direction, strategy, and research of OTIF Radar and enjoys engaging with real people focused on solving real problems for their company and industry.
Join us for a one hour-long live Q&A session for October 7th, at 11 am
|Agenda Item||Duration (subjected to change)|
|Housekeeping||11:00 – 11:05|
|Announcement of the new changes to OTIF||11:05 – 11:15|
|Prepared questions lead by a host||11:15 – 11:45|
|Open Q&A for the audience to ask questions||11:45 – 12:00|
This event is free to attend. To register, please go to https://www.supplier.community/products/otif-panel-discussion.
We look forward to seeing you there!