This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Polk Recognizes 2013 Inventory Efficiency Award Winners At Global Automotive Aftermarket Symposium

CHICAGO, May 21, 2013 /PRNewswire/ -- Polk honored Mevotech Inc. and Performance Warehouse Inc. with the 2013 Polk Inventory Efficiency Award during a ceremony held today at the Global Automotive Aftermarket Symposium (GAAS) at the Hyatt Regency O'Hare near Chicago.

(Logo: )

The Polk Inventory Efficiency Award program, now in its ninth year, recognizes and rewards outstanding aftermarket companies for process improvements in supply chain and inventory efficiency.  This year's awards were presented by Mark Seng, vice president, aftermarket and commercial vehicle and Polk's global aftermarket practice leader, and Stephen Polk, chairman, president and CEO of R. L. Polk & Co.

"We are honored to recognize the efficient contributions of Mevotech and Performance Warehouse in this year's program," said Seng. "Inventory efficiency often translates to cost savings and better practices, and both of these organizations have integrated industry-leading inventory management and supply chain practices into their operations, serving as respected benchmarks for others in the automotive aftermarket community."

Mevotech, founded in 1982, was recognized by Polk in the Manufacturer category.  Based in Toronto, Mevotech specializes in providing top quality, technology advanced automotive parts, as well as unparalleled service and customer support. 

To overcome the challenges of limited warehouse space and maintaining accurate inventory while remaining efficient, Mevotech launched its Excellence in Inventory Strategy, EXIST.  The four-stage program managed the entire product lifecycle from control process to engineering through supply chain and ultimately to the customer, reducing inventory levels while maintaining industry leading fill rates.

With a first-to-market product strategy, Mevotech's EXIST program provided a substantial business and parts business impact.  Over an aggressive two-and-half year implementation, the inventory strategy decreased order turn times by nearly 60 percent, increased fill rates by seven percentage points and improved product time to market to nearly three times faster.  EXIST also reduced warehouse inventory by 20 percent and increased inventory accuracy by 10 percentage points.  

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.18 1.64%
FB $117.43 -0.96%
GOOG $692.36 -0.84%
TSLA $232.32 -3.92%
YHOO $36.01 -1.42%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs