R. L. Polk & Co., the automotive aftermarket's source of automotive information, presented Dayco Products LLC and NAPA Auto Parts with the 2007 Polk Inventory Efficiency Awards today. The awards were presented during the 2007 Global Automotive Aftermarket Symposium (GAAS) in Chicago.
The Polk Inventory Efficiency Award recognizes and rewards outstanding aftermarket companies for process improvements relative to inventory efficiency. In the Manufacturer category, Dayco Products, LLC, based in Tulsa, Okla. was recognized for its achievements in implementing data and technology standards across its entire enterprise resulting in significant reductions in inventory and vastly improved fill rates. The award was accepted by Dennis Welvaert, president of Dayco's North American Aftermarket Division.
In the Retailer / Distributor category, Atlanta-based NAPA Auto Parts received the honors for creating a best-in-class inventory classification system aimed at making daily stock adjustments in company stores that led to substantial increases in top-line revenues and provided an exceptional return on investment. Larry Samuelson, president of U.S. Automotive Parts Group accepted the award on the company's behalf.
"Both NAPA and Dayco demonstrate an outstanding commitment to improving their inventory efficiency," said Mike Gingell, vice president of Strategic Markets at Polk. "Their efforts not only impact their companies, but everyone in the distribution channel down to the end user. Congratulations to both companies for their achievements."
The awards were presented by Kathleen Schmatz, president and CEO of the Automotive Aftermarket Industry Association (AAIA), Steve Handschuh, president and COO of the Automotive Aftermarket Suppliers Association (AASA) and Stephen Polk, chairman, president and CEO of R. L. Polk & Co.
In addition to receiving the Polk Inventory Efficiency Award, both companies received the honor of having a $1,000 donation given in their name by Polk to the Global Aftermarket Scholarship fund which assists students who are looking to begin their career in the automotive aftermarket.
About R. L. Polk & Co.
R. L. Polk & Co. is the premier provider of automotive information and marketing solutions. Polk collects and interprets global data, and provides extensive automotive business expertise to help customers understand their market position, identify trends, build brand loyalty, conquest new business and gain a competitive advantage. Polk helps automotive manufacturers and dealers, automotive aftermarket companies, finance and insurance companies, advertising agencies, media companies, consulting organizations, government agencies and market research firms make good business decisions. A privately held global firm, Polk is based in Southfield, Mich. with operations in Australia, Canada, China, France, Germany, Japan, the Netherlands, Spain, the United Kingdom and the United States.
Source: R. L. Polk & Co.
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