From the Wires
enVista Receives Supply & Demand Chain Executive’s 2012 Green Supply Chain Award
Nov. 15, 2012 08:45 AM
enVista, a leading supply chain consulting and IT services firm,
announced today that it has received Supply & Demand Chain Executive
Magazine’s 2012 Green Supply Chain Award for services that
enable and promote sustainability. enVista consultants are LEAN Six
Sigma experts, helping companies reduce waste from source to
consumption. The firm is profiled in the December issue of Supply &
Demand Chain Executive Magazine.
The 2012 Green Supply Chain Awards recognize companies making green
practices a core part of their supply chain strategy, and are working to
achieve measurable sustainability goals within their own operations
and/or supply chains, in the areas of Sourcing/Procurement,
Fulfillment/Logistics, Operations, Product Lifecycle Management and
other areas of the supply chain. The awards also recognize providers of
supply chain solutions and services assisting their customers in
achieving measurable sustainability goals. Supply & Demand Chain
Executive received nearly 100 entries for the 2012 Green Supply
Chain Award.
enVista was presented the 2012 Green Supply Chain Award based on its
work with a major tire retailer. enVista modeled and redesigned the
retailer’s supply chain network to synchronize inventory with demand. By
positioning inventory closer to the demand point, while increasing store
shipment frequency, the retailer witnessed a 4.15-9.72 percent increase
in comparative sales compared to the non-test stores in the same
geography. A SKU optimization analysis based on demand, revenue margin
and demand variability revealed that tire assortment carried in
inventory could be reduced by 20 percent. This reduction would generate
a one-time, $28.2 million inventory value reduction and decrease annual
carrying costs by $3.3 million. The shift also significantly reduced the
retailer’s energy consumption and safety stock.
The second step involved positioning the right amount of inventory at
the right locations (DC, spoke or store). This increased inventory turns
at the stores by 60 percent and contributed to a one-time working
capital reduction of $24.6 million, as well as reduced annual carrying
costs by $35.9 million over a period of five years. enVista consultants
and LEAN experts also recommended the retailer reduce warehousing costs
and better manage energy consumption by leasing unused warehouse space.
In addition, enVista right-sized the retailer’s private fleet for the
last-mile delivery at each spoke location to eliminate unnecessary
transportation costs and emissions.
enVista President and CEO Jim Barnes said, “It is immensely gratifying
to help companies make a positive environmental impact by reducing waste
throughout their supply chains. The results for our clients are often
immediate and usually deliver not only desired sustainability, but also
a significant impact to the bottom line. We are incredibly honored to
receive the 2012 Green Supply Chain Award.”
enVista enables companies to improve sustainability through Supply Chain
Strategy, Operations, Technology, Transportation, ERP and IT Consulting
Services and solutions. These reduce inventory and transportation waste
and optimize facilities, supply chain networks and labor productivity.
enVista also promotes Green Practices and Sustainability within its own
organization through a variety of corporate practices and programs.
About Supply & Demand Chain Executive
Supply & Demand Chain Executive is the executive's user
manual for successful supply and demand chain transformation, utilizing
hard-hitting analysis, viewpoints and unbiased case studies to steer
executives and supply management professionals through the complicated,
yet critical, world of supply and demand chain enablement to gain
competitive advantage. Visit us on the web at www.SDCExec.com.
About Cygnus Business Media
Cygnus Business Media (www.cygnusb2b.com)
is an internationally recognized business-to-business media company. Our
diverse portfolio serves 15 market categories with print and interactive
products, and live events. Through our media, we reach more than 1.7
million print subscribers, nearly 1 million industry professionals via
our Custom Marketing services, and we attract almost 2 million unique
visitors to our websites monthly.
About enVista
enVista is a leading supply chain consulting and IT services firm,
delivering innovative solutions that improve profitability, enhance
customer service and reduce waste from source to consumption. Our
unrivaled consulting experience, deep vertical industry expertise and
comprehensive solutions portfolio, enable clients to leverage one
strategic partner that consults, implements and operates across Supply
Chain,Transportation, Retail, IT and ERP.
www.envistacorp.com
For more information about enVista, please call 877-684-7700 or
contact info@envistacorp.com.
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