Mevotech was honoured with the Polk Inventory Efficiency Award at the Global Automotive Aftermarket Symposium (GAAS).
“On behalf of Mevotech, we are pleased to receive this prestigious award from Polk. It is validation for the hard work of our employees,” said Ezer Mevorach, president of Mevotech. “We are honoured to join previously recognized industry leaders and serve as a role model for others striving to better their inventory efficiency practices.”
The Polk Inventory Efficiency Award is given to aftermarket companies for process improvements in supply chain and inventory efficiency. A significant factor for Mevotech in improving efficiency has been its Excellence in Inventory Strategy (EXIST) program designed to address the issues of limited warehouse space and maintaining accurate inventory. The program manages the product lifecycle from engineering through supply chain and ultimately to the customer.
Mevotech’s EXIST program has provided substantial business and parts business impact. The inventory strategy decreased order turn times by nearly 60%, increased fill rates by seven percentage points and improved product time-to-market. EXIST also reduced warehouse inventory by 20% and increased inventory accuracy by 10 percentage points.
For more information about Mevotech Inc., or the EXIST program, visit www.mevotech.com or contact Robert Rego at (416) 783-7800 x3293.