APH Receives 2011 Polk Inventory Efficiency Award
St. Cloud, Minn. – May 20, 2011 – Automotive Parts Headquarters, Inc. (APH), a St. Cloud-based aftermarket auto parts distributor and store group, was recognized for its outstanding achievement in inventory efficiency as the recipient of the 2011 Polk Inventory Efficiency Award in the retailer/distributor award category, during a ceremony on May 19, 2011 at the Global Automotive Aftermarket Symposium in Chicago.
The Polk Inventory Efficiency Award program, now in its seventh year, annually recognizes and rewards outstanding aftermarket companies for process improvements relative to inventory and supply chain efficiency.
“We are pleased to honor APH with this year’s Polk Inventory Efficiency Award,” said Mark Seng, vice president, aftermarket and commercial vehicle and Polk’s global aftermarket practice leader. “It’s an honor to have this organization join a prestigious group of exceptional companies who are driving industry-leading inventory management and supply chain practices within the aftermarket.”
Automotive Parts Headquarters’ unique twist on time-tested inventory management practices helped them standout among other nominees. The organization’s focus was on improving customer service while increasing inventory efficiency. They strive to have the right inventory in their 110 locations, not just the right dollar amount of inventory. As part of this process, they built their CounterLogic database that allows their inventory management system to know which products are required for specific repairs – ensuring all items are on hand when needed.
As a result, APH was able to achieve a substantial reduction in unproductive inventory; double digit increases in coverage; and a healthy improvement in inventory turns.
“We’d like to thank Polk for recognizing our team with this important award in the industry,” said Corey Bartlett, president of Automotive Parts Headquarters. “We’re pleased to be recognized alongside other leaders in inventory efficiency in our industry, and look forward to continuing to hone our processes.”
Award submissions were reviewed by a selection committee comprised of aftermarket industry leaders, not affiliated with Polk or any of the nominated companies. Winners were selected anonymously based on a set of criteria agreed upon by the judging committee.