True Value 2014 Annual Report Download - page 11

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TRUE VALUE 2014 ANNUAL REPORT 9
IMPROVING INVENTORY EFFICIENCY
BETTER PRODUCTIVITY AND SERVICE LEVELS
Working to exceed flow rate industry standards We are immersed in a
comprehensive initiative to improve both fill-rate performance and inventory
productivity. From suppliers to members, we’re engaging everyone in the supply
chain to track and deliver better order-fill performance while improving inventory
turns. It’s a critical balance—together, we’ll get it done.
A more ecient True Value means more competitive and more profitable
True Value retailers. We’re making it happen.
An integrated supply chain We’re integrating all supply chain functions into a
comprehensive system with unified metrics and management for maximum eciency,
reliability and responsiveness.
Investing in technology We’re investing in our IT infrastructure, refreshing our
hardware and software to improve functionality and security, moving toward a cloud-
based platform to minimize future upgrade costs.
Greater transparency and visibility We’re developing tools that enable members
to track orders, monitor fill-rate performance and other measures—and drive more
responsive service.
Product development eciency We reformulated True Value paint in record time to
meet exacting third-party test standards and align with consumer preference—at the
same member price.
OR EFFICIENCY
ANALYZE
COLLABORATE
EXECUTE
IMPROVE
“ Eciency supports
success.”