Correct Craft is a United States-based builder of powerboats primarily for waterskiing and wakeboard use. It was founded in 1925 by Walt C. Meloon as the Florida Variety Boat Company. Correct Craft is the oldest family-owned and operated boat manufacturer in the world.

For many years, they have been a key member of the American Boatbuilders Association (ABA), which is an industry association representing independent boat manufacturers in the United States. Founded in 1992, the ABA is composed of 13 leading boat manufacturers that build recreational boats in the United States, including some of the most well-known names in the industry.

The purpose of the ABA is to provide its members with resources and support to help them compete more effectively in the global marketplace. The ABA works to improve the industry's ability to provide high-quality boats, to promote the interests of its members, and to advocate for policies that benefit the industry as a whole.

Some of the services and benefits provided by the ABA to its members include networking opportunities, industry data and research, access to technical information, advocacy on behalf of the industry, access to insurance, as well as special vendor relationships negotiating power with vendors.

As an example, our largest company, Nautique Boat Company, purchases 48% of the cost of raw materials used to produce their boats through ABA Approved vendors. Although each company operates independently, with its own purchasing team, the ABA allows us to achieve better rates and reduce risk with the vendors that are essential in producing final products. 

We would like your help updating our supply chain to help us increase efficiency and reduce risk. First, you will begin by evaluating our supply chain data, including distinguishing between ABA purchases vs. non-ABA purchases for 2022 across all our companies. Ultimately, we are most concerned with our non-ABA purchases since these vendors are not fully vetted, and thus may pose incremental risk.   Are these non-ABA vendors candidates for becoming part of the ABA?  

If not, we would like to explore if there might be any synergies within our non-ABA vendors, which may help to maximize efficiency and/or reduce costs.

After that, we want you to conduct an overall risk analysis of our current suppliers based on information available on the web. Key to this process is identifying where our vendors source their raw materials and whether or not there are risk factors associated with their supply chains. We will also assess our suppliers' ability to provide backup materials and how they have dealt with delivery delays.

Lastly, we would like for you to make recommendations on the best practices we can implement that will help us create more efficiency and reduce risk when it comes to our non-ABA vendor approval and onboarding process. 

Ultimately, our goal is to optimize our supply chain to minimize risk and maximize efficiency while ensuring that our suppliers are reliable and sustainable. 

The project will involve a comprehensive evaluation of the current supply chain to optimize it for minimizing risk and increasing efficiency, including:

Overall, the project will enable us to optimize our supply chain for minimizing risk and increasing efficiency while ensuring that we are working with vendors that meet our quality standards.

To measure the success of the project, we would like you to: