The Coles Supplier Portal helps support effective working relationships between Coles and our suppliers, providing better coordination and communication to help drive efficiencies along the supply chain.
The portal also helps our suppliers by providing information to assess their performance on a regular basis and identify opportunities of improvement along the value chain.
We work closely with suppliers to take effective measures towards continuous improvement and have discussions with suppliers about opportunities and areas for improvement.
To our valued Coles Group Suppliers,
I am delighted to announce that today Coles Group was listed on the Australian Securities Exchange (ASX:COL).
As a retailer proudly serving Australians for 104 years, and now officially an independent listed company, today marks both an historic milestone and an exciting new chapter in our history.
Our 115,000 team members working in our Coles Supermarkets, Liquor brands, Coles Express, flybuys and Coles Financial Services across Australia now have the ability to own a direct stake in the company and share in its future success, as do our suppliers and all Australians.
As part of its ongoing commitment to Coles’ success in the future, Wesfarmers retains 15 per cent ownership of Coles Group and 50 per cent ownership in flybuys.
I am excited and confident about our future. I want to assure you we are committed to making life easier for our customers, team members, suppliers and partners. We are investing in the future drivers of growth through our fresh tomorrow strategy to deliver world-class products and service at great value to our customers across the country through all Coles Group businesses.
For our suppliers, we will retain our normal operating processes and continue to look for ways to strengthen our relationships. We also remain committed to important initiatives which support fair and equitable relationships between Coles Group and our suppliers. These include the Coles Supplier Charter, our confidential disputes resolution hotline, our commitment to compliance with the Australian Food and Grocery Code of Conduct and our 14-day terms for all small suppliers.
As we celebrate our new beginning, I want to take this opportunity to thank you for your part in Coles’ history and our future success. We look forward to working together with you and your team as we take this next exciting step in our journey.
Chief Operating Officer