Value Chain study aims to identify best suppliers; 'We were wrong,' UA's Hite says; former CIA director Tenet tops star-studded lineup of speakers, entertainers
The annual convention of the Mechanical Contractors Association of America always represents the epitome of industry education and entertainment, and this year's meeting in Phoenix Feb. 28-Mar. 3 may have been one of the best ever. About 1,700 people attended the star-studded event at the sparkling three-year-old Marriott Desert Ridge Resort.
Particularly well-attended was a humorous program introducing a study titled “The Value Chain: Adding Value to the Supply Chain,” published last year by the Mechanical Contracting Education & Research Foundation (MCREF). It can be obtained for $15 from the MCAA publications list at www.mcaa.org/store. The study offers guidance to contractors on how to evaluate suppliers in accordance with a concept of “Measured Cost by Activity,” defined as “unit price” + “true cost.”