GANT started in 1910 in New Haven, Conn., with one man's vision to create the perfect...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
GANT started in 1910 in New Haven, Conn., with one man's vision to create the perfect Oxford cloth button-down shirt. Over the years, GANT developed into a global lifestyle label for the entire family, with sales activities in over 70 countries. The company, which is headquartered in Sweden, offers apparel, footwear, linens and housewares. Rapid time-to-market performance enables companies to capture retail sales when customers are buying. When the new UK management team for GANT saw turnaround times from order to delivery of nearly three weeks, they knew something had to change. Too much old inventory and too great an emphasis on airfreight were affecting profitability. In addition, the team had been charged with changing GANT UK's role in the supply chain from supporting nearly exclusively the company's wholesale functions to a balance of wholesale and retail channels. GANT decided to capitalize on the retail expertise and capabilities of EXPRESS Logistics, including their robust warehouse management technologies and local capacity. Implementation of the solution started in December 2008. GANT moved its warehouse operations into the EXPRESS Logistics warehouse facility in Hemel Hempsted, which runs the PKMSⓇ warehouse management system for integrating warehouse, labour, transportation and inventory logistics. The EXPRESS Logistics transportation services were based on a "cost-plus" structure, making transportation expenses transparent to GANT while reducing their actual cost-per- shipment charges. This solution also enabled EXPRESS Logistics to provide on-site, real-time customer service for GANT, answering their customers' questions and resolving their issues on the spot. Since the initial implementation, EXPRESS Logistics identified and implemented additional efficiencies throughout the GANT distribution process. Building on their success with continuous year-over-year cost savings, GANT now turns to EXPRESS Logistics for packaging product for its Swedish and German operations and implementing a retail-specific e- commerce process. The results were fruitful. Initial Key Performance Indicators called for a 15 percent improvement on all of the prior service provider's metrics within a six-month period. EXPRESS Logistics achieved this and more. With greater visibility and better control over its inventory, GANT cut its reliance on airfreight by 70 percent in the first year. At the same time, the turnaround time from order to delivery went from Questions: 1. What were the challenges faced by GANT apparels? 2. Briefly summarize the solution implemented by EXPRESS logistics. 3. What were the results of the solution or the benefits for GANT Apparels? GANT started in 1910 in New Haven, Conn., with one man's vision to create the perfect Oxford cloth button-down shirt. Over the years, GANT developed into a global lifestyle label for the entire family, with sales activities in over 70 countries. The company, which is headquartered in Sweden, offers apparel, footwear, linens and housewares. Rapid time-to-market performance enables companies to capture retail sales when customers are buying. When the new UK management team for GANT saw turnaround times from order to delivery of nearly three weeks, they knew something had to change. Too much old inventory and too great an emphasis on airfreight were affecting profitability. In addition, the team had been charged with changing GANT UK's role in the supply chain from supporting nearly exclusively the company's wholesale functions to a balance of wholesale and retail channels. GANT decided to capitalize on the retail expertise and capabilities of EXPRESS Logistics, including their robust warehouse management technologies and local capacity. Implementation of the solution started in December 2008. GANT moved its warehouse operations into the EXPRESS Logistics warehouse facility in Hemel Hempsted, which runs the PKMSⓇ warehouse management system for integrating warehouse, labour, transportation and inventory logistics. The EXPRESS Logistics transportation services were based on a "cost-plus" structure, making transportation expenses transparent to GANT while reducing their actual cost-per- shipment charges. This solution also enabled EXPRESS Logistics to provide on-site, real-time customer service for GANT, answering their customers' questions and resolving their issues on the spot. Since the initial implementation, EXPRESS Logistics identified and implemented additional efficiencies throughout the GANT distribution process. Building on their success with continuous year-over-year cost savings, GANT now turns to EXPRESS Logistics for packaging product for its Swedish and German operations and implementing a retail-specific e- commerce process. The results were fruitful. Initial Key Performance Indicators called for a 15 percent improvement on all of the prior service provider's metrics within a six-month period. EXPRESS Logistics achieved this and more. With greater visibility and better control over its inventory, GANT cut its reliance on airfreight by 70 percent in the first year. At the same time, the turnaround time from order to delivery went from Questions: 1. What were the challenges faced by GANT apparels? 2. Briefly summarize the solution implemented by EXPRESS logistics. 3. What were the results of the solution or the benefits for GANT Apparels?
Expert Answer:
Answer rating: 100% (QA)
GANT faced several challenges that needed to be addressed in order to improve profitability and meet the changing needs of the company The high turnaround time from order to delivery was negatively af... View the full answer
Related Book For
Managerial Accounting Tools for business decision making
ISBN: 978-1118096895
6th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date:
Students also viewed these general management questions
-
Consider a linear programming as follows: Max 3x1+5x2 Sat, 3x1+2x2 18 x1 4 2x2 < 18 (a) What if cost coefficient changes from [3,5] to [4,5], solve it by pulp module.
-
Mike Cichanowski founded Wenonah Canoe and later purchased Current Designs, a company that designs and manufactures kayaks. The kayak-manufacturing facility is located just a few minutes from the...
-
Mike Cichanowski founded Wenonah Canoe and later purchased Current Designs, a company that designs and manufactures kayaks. The kayak-manufacturing facility is located just a few minutes from the...
-
Suppose the United States imposes a tariff on imported sugar. What are the consequences of this on consumers, domestic and foreign producers, and land use?
-
How is safety stock included in a material requirements plan? What is safety time?
-
Y3K, Inc., has sales of $6,183, total assets of $2,974, and a debt equity ratio of .57. If its return on equity is 11 percent, what is its net income?
-
4. ETHICS ETS Payphones, Inc., sold pay phones to the public. The company then leased back the pay phones from the purchaser, promising a fixed 14 percent annual return on their investment. Although...
-
You have just been hired as a financial analyst for Lydex Company, a manufacturer of safety helmets. Your boss has asked you to perform a comprehensive analysis of the companys financial statements,...
-
please solve all parts of the question with good detail and formatting. . inta Corporation, is a leading manufacturer of sports apparel, shoes, and equipment. The company's 2020 financial statemen...
-
Janet, Karen, and Lisa are equal general partners in JKL Partnership. In Year 1 the partnership made liquidating distributions to each of the partners. Information about the assets distributed and...
-
Which of the following countries has the highest literacyrate? a. Russia b. Egypt c. Haiti d. Algeria e. Libya
-
Following are transactions of Danica Company. December 13 Accepted a $28,000, 45-day, 2% note in granting Miranda Lee a time extension on her past-due account receivable. December 31 Prepared an...
-
Culture affects the workplace as well as the leaders within the organization. What are some of the most notable effects of diversity on leadership and organizational behavior? Support your view and...
-
Describe fully and accurately and in separate and numbered paragraphs three problems or hurdles that affect the implementation of strategy, as put forward by Lawrence Hrebiniak in the Seminar...
-
If $2000 is invested right now at 3.7% interest with annual compounding, then the value of the investment at the end of 10 years is: 2.) If $3000 is invested right now at 4.8% interest compounded...
-
Apple offers sales price discounts to college students. Apple can use sales variance analysis to assess the effects of these sales discounts. Assumed data for a local college follow. AQ = Actual...
-
an explanation of general responsibilities of ONLY auditors, and not just limited to Chuck Industries.. Explain the responsibilities of management and auditors of Chuck Industries Co in relation to...
-
For a nonzero constant a, find the intercepts of the graph of (x 2 + y 2 ) 2 = a 2 (x 2 - y 2 ). Then test for symmetry with respect to the x-axis, the y-axis, and the origin.
-
What are the four perspectives used in the balanced scorecard? Discuss the nature of each, and how the perspectives are linked.
-
Kitchen Help Inc. (KHI) is a manufacturer of toaster ovens. To improve control over operations, the president of KHI wants to begin using a flexible budgeting system, rather than use only the current...
-
What steps are frequently involved in managements decision-making process?
-
Describe the factors that affect personal financial decisions.
-
List eight strategies for achieving financial goals.
-
Explain opportunity costs and how they might affect your personal financial decisions.
Study smarter with the SolutionInn App