From the Wires
enVista Receives Supply & Demand Chain Executive’s 2012 Green Supply Chain Award
By: Business Wire
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.
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.
For more information about enVista, please call 877-684-7700 or contact email@example.com.
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