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CVS's Supply Chain Performance and New DC Impress
Excellent presentation at the ProMat Executive Forum from Kevin Smith, Sr. VP of Supply Chain and Logistics at drugstore giant CVS, on what the retailer is doing in both areas. It's an impressive story.
CVS' supply chain supports some 5300 retail stores, including those recently acquired with the acquisition of Eckard's. As with an increasing number of supply chain leaders, especially in retail, Smith and his organization clearly understand their mission is to support the stores and make it easy and satisfying for shoppers to do business at CVS.
At the same time, they recognize a dollar of supply chain savings in "on-marginal" meaning it goes directly to the bottom line. Smith also talked about striving for "the Wow! factor" impressing customers, competitors and analysts with new supply chain innovations and performance.
In the front of the supply chain, CVS is doing collaborative planning with suppliers on 45%......
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Title: Scm Management
Approximate Word Count: 565
Approximate Pages: 3 (250 words per double-spaced page)
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