According to a press released published in Daily Finance, Caribou Coffee, the second-largest coffeehouse operator in the United States, increased its inventory turns 20 percent and increased fulfillment service to over 99 percent within the first year of updating its supply chain processes. In order to improve its system, Caribou began using technology at its distribution centers to ensure that all 585 of its locations throughout the country were being sufficiently taken care of and that all products would be replenished in a timely manner.
Karen Francois, director of strategic sourcing, said that in order to continue to provide customers with excellent service, the company needed to improve its supply chain management.
"We set forth aggressive goals for our supply chain including increasing capacity utilization up to 20 percent and decreasing our inventory by 25 percent," she said. "In the 12 months following our implementation of [the system], we found our product availability and buyer efficiency both increased and the solution has exceeded our expectations and given the Caribou team more visibility and focus."
Walgreens is another major corporation recently recognized for improving its supply chain management system. On October 9, the drugstore chain won the Environmental Protection Agency's 2012 SmartWay Excellence Award, which the company was given for its freight supply chain efficiency, performance and environmental sustainability. In order to improve its supply chain management, Walgreens optimized its supply routes to maximize efficiency, which enabled it to reduce its carbon footprint 15 percent between 2010 and 2011, Drug Store News reported.
The corporation was one of 40 companies participating in the EPA's program. Walgreens Senior VP of Supply Chain Management Reuben Slone said in a statement that the company continues each day to ensure it is improving its supply chain system for a variety of reasons, including sustainability.
"We continue exploring new technologies and strategies to improve fuel efficiency, lower costs and encourage stewardship of the environment," he said.