Mevotech Recognized With 2013 Polk Inventory Efficiency Award – UnderhoodService

Mevotech Recognized With 2013 Polk Inventory Efficiency Award

Mevotech Inc. was recently honored with the Polk Inventory Efficiency Award in the Manufacturer Category, at the Global Automotive Aftermarket Symposium (GAAS) held earlier this month in Chicago.

Mevotech Inc. was recently honored with the Polk Inventory Efficiency Award in the Manufacturer Category, at the Global Automotive Aftermarket Symposium (GAAS) held earlier this month in Chicago.

“On behalf of Mevotech, we are pleased to receive this prestigious award from Polk, and it is a validation to the hard work of our employees,” said Ezer Mevorach, president of Mevotech. “We’re humbled to join previously honored industry leaders and serve as a role model for others striving to better their inventory efficiency practices.”

The Polk Inventory Efficiency Award is given to aftermarket companies for process improvements in supply chain and inventory efficiency.

A significant factor for Mevotech in improving efficiency has been its Excellence in Inventory Strategy (EXIST) program to address the issues of limited warehouse space and maintaining accurate inventory. The program manages the product lifecycle from engineering through the supply chain and ultimately to the customer.

Mevotech’s EXIST program has provided a substantial business and parts business impact. The company sais this inventory strategy decreased order turn times by nearly 60 percent, increased fill rates by 7 percentage points and improved product time-to-market. EXIST also reduced warehouse inventory by 20 percent and increased inventory accuracy by 10 percentage points.

You May Also Like

Continental Releases 67 New Part Numbers

Twenty-two new import part numbers, as well as 39 new pulley and tensioner part numbers, are immediately available.

Continental announced a continued development of its import line of products with the addition of 22 new part numbers, as well as the expansion of its metals program, including 39 new pulley and tensioner part numbers. The new product line extensions are immediately available, Continental said.

39 Tensioners and Pulleys

Standard Motor Products Introduces 268 New Numbers

The release provides new coverage in 75 product categories and 80 part numbers for 2023 and 2024 model-year vehicles, SMP said.

BCA Bearings Unveils 2024 Endless Summer Promotion

The Endless Summer promotion runs from May 1 through June 30, 2024.

Clarios to Supply High-Performance AGM Battery to Major OEM

It offers up to 80% reduction in CO2 emissions over traditional AGM batteries, in many cases, Clarios said.

Philips Announces GoPure GP5212 Automotive Air Purifier

It uses a 3-layer filter to deliver cleaner, healthier, fresher air on the go, Lumileds said.

Other Posts

Non-Competes: A Non-Starter, Says FTC

The FTC’s rule is set to take effect in about four months, unless it is blocked by legal challenges.

Snap-on Announces Latest Software Release

The latest software includes new coverage and guided component tests and features.

AACF Launches 65th Anniversary Fundraising Initiative

The campaign aims to raise $65,000 through 1,000 donations of $65 each.

BendPak Founder Don Henthorn Passes Away

Grew company from small machine shop to global leader in car lifts and garage equipment.