We're looking to realize savings and improvement from this innovation in three areas.
Historically, a parallel relationship exists between inventory and service: if you want high service levels, you need a lot of inventory. We want to switch that, and deliver high service levels with less inventory.
We have to identify our best suppliers, know their strengths and weaknesses, and meet with them regularly to share this information. The linchpin is having accurate data and key performance indicators.
We work with all kinds of logistics providers: freight forwarders, customs brokers, export and import specialists, warehouses, and carriers.
With ocean capacity razor thin from Europe to North America, we have to be innovative and creative.
At the end of the day, the technology is only a tool. If no one uses the tool, we've wasted time and resources.
This allows the team to focus on important issues, instead of fighting fires.