MAHLE Aftermarket Inc. was presented with the Polk Inventory Efficiency Award from IHS Automotive Tuesday during an awards ceremony at the Global Automotive Aftermarket Symposium (GAAS) in Chicago.
Ted Hughes, manager – marketing and Chris Booth, supply chain Coordinator – North America were on hand for MAHLE Aftermarket to accept the award.
Now in its 10th year, the Polk Inventory Efficiency Award recognizes members of the aftermarket for their efforts toward inventory efficiency and process improvement within their organizations, MAHLE says.
Honored with the award in the Manufacturer category, MAHLE Aftermarket Inc. was recognized for the implementation of a systematic approach to managing its product portfolio, using vehicles in operation (VIO) data to prioritize trends and new coverage areas, while customizing inventory based on parts demand and consumption, the company says.
The approach also incorporated a new warehouse management system at its Master Distribution Facility in Olive Branch, Ms. The new system includes voice recognition picking for parts and provides part number and barcode verification, ultimately reducing excessive paperwork, increasing order fill rates and decreasing turnaround time, MAHLE says. The implementation of the solution virtually eliminated errors, achieving 30 percent improvement in picking efficiency since its implementation in 2013.
Additionally, the inclusion of a supplier portal and scorecard for MAHLE suppliers allowed for more timely communication and data delivery, providing the means for MAHLE to award supplier achievements. In total, MAHLE says these improvements allowed for aggressive inventory reduction – nearly 25 percent since 2010.
“For any company in the aftermarket, managing inventory and supply chain are especially vital investments to synchronize product supply and demand for efficient product flow,” says Jon Douglas, general manager, MAHLE Aftermarket North America. “It is a great honor to be recognized for this achievement; and for our team’s diligence over the years in implementing these programs.”
“It’s a pleasure to recognize the efforts of the team from MAHLE with this year’s award,” adds Mark Seng, global aftermarket practice leader, IHS Automotive. “Commitment to and success in managing a multi-faceted approach to achieving efficiency is one of the cornerstones of these awards.”