Planning ahead - UFA three year plan
With this success we have held our ground, and now we can look to the future. A renewed vision and mission statement, developed by the board of directors, speaks to our purpose as a co-operative and a business. It deepens the commitment at the heart of our identity — to serve our members and customers and provide trusted solutions for their businesses.
As the new mission and vision were completed, your co-operative’s senior management team got to work on building a three-year strategic plan for UFA. A three-year plan sets a high level direction for business. It lays out key imperatives that will drive us forward, aligning with our goal to deliver knowledge and technology-based solutions for your business.
The first imperative focuses on transforming UFA’s asset portfolio to focus on long-term, sustainable service and technology-enabled business. This will ensure that our asset base is productive and that our service offerings meet business requirements and customer expectations.
The second imperative relates to positioning UFA as a relevant supplier to progressive customers in petroleum, agriculture and livestock segments. We will evaluate our options in bringing technology solutions to our customers, and we will focus on relevant offers that support the UFA brand and enable our customers’ business. It will be important to capitalize on the breadth of our offering and focus on demonstrating “One UFA”.
The third imperative concerns evaluating and transforming key enablers needed to successfully drive UFA’s defined mission and vision. This will require developing and retaining a high performing, engaged workforce that is technology-enabled and relationship-based. We will aim to ingrain data analytics, supply chain and merchandising skill sets. We will seek to implement a ‘fi t for purpose’ IT model that includes enterprise operating systems and point-of-sale systems. We will develop and build culture and capabilities that leverage high quality, fact-based decision making and risk management.
The fourth imperative will focus on supporting the success and sustainability of our co-operative. It is important to modernize member equity to integrate with enterprise systems. We will support our members’ needs through our governance structure, represented by the board of directors and elected delegates. Also, we are building value as a voice for our members and for agriculture through government relations and community partnerships.
Last but not least, our fifth imperative focuses on instilling a mindset that drives operational excellence throughout UFA, allowing us to weather the commodity volatility and risk inherent in our industry segments. We must understand, evaluate and implement effective risk management practices throughout our businesses and continue to drive a safety culture within the organization. We will focus on continuous improvement, encouraging all employees to drive out inefficiencies and deliver cost-saving opportunities.