Retail Grocer
Venn-Corp and its affiliates have been working with one of the largest retail grocers in North America since 2005 to manage the inbound FF&E program for the construction and/or retrofit of a 1000+ store development program. Venn-Corp manages the FF&E program from issuance of purchase orders, through warehousing the FF&E inventory, to the job site delivery, all of which is integrated with the program/project schedule.
Venn-Corp has integrated its management systems with our customer’s procurement, project management and accounting systems to facilitate accurate data exchange and reduce staffing costs related to their management of their capital program logistics:
Venn-Corp developed and implemented integrated program logistics reporting, including:
Venn-Corp manages FF&E vendor and logistics contracts through project “close-out". This process:
Venn-Corp’s management of the program has resulted in Venn-Corp receiving the client’s “Vendor of the Year” award for 2011/2012 for the following cost reduction successes:
Venn-Corp has integrated its management systems with our customer’s procurement, project management and accounting systems to facilitate accurate data exchange and reduce staffing costs related to their management of their capital program logistics:
- Receipt of FF&E and capital program purchase order data electronically, allowing Venn-Corp to take oversight of the vendor production schedules
- Venn-Corp maintains daily contact with project managers to update delivery schedules from vendor to site, eliminating the need for further action by the customer
- Venn-Corp provides consolidated project invoicing in a format that is imported into the customer accounting system, allocating costs by store, project and purchase order
Venn-Corp developed and implemented integrated program logistics reporting, including:
- Owner-defined cost allocation budgeting and reporting
- Exception reports of vendors failing to conform with their PO instructions
- Budget overruns identified by a purchase order number and accounting convention
Venn-Corp manages FF&E vendor and logistics contracts through project “close-out". This process:
- Has reduced incidents of damage claims by 15%
- Resolved open issues within payment cycle, eliminating potential liens against the project
- Provides the owner a project summary outlining challenges to overcome and opportunities to benefit future projects in the program
Venn-Corp’s management of the program has resulted in Venn-Corp receiving the client’s “Vendor of the Year” award for 2011/2012 for the following cost reduction successes:
- From 2007 through 2011, Venn-Corp reduced the program warehousing costs by 25%, while program volume has increased in excess of 50%
- Reduced applicable line transit costs by 22% and improved the energy efficiency of the program by converting shipments to rail from OTR trucking
- Implemented a program vendor consolidation program, reducing shipping costs by 54% versus standard vendor solutions
