PBN Announces Epec As Winner of Supply Chain Excellence Award
[February 17, 2016: New Bedford, MA] The third annual Manufacturing Awards hosted by Providence Business News (PBN) has announced that Epec Engineered Technologies has won a manufacturing award in the category of Supply Chain Excellence.
Beginning in 2014 and continuing through the end of 2015 Epec reduced the cost of freight by 2% which equated into significant cost savings. This was accomplished by working closely with key freight suppliers and instituting many new procedures such as changing methods of purchasing product to move from LCL ocean shipments to full container ocean shipments.
Epec's approach is implementing forward supply chain processes in areas such as forecast management, replenishment strategies, warehousing and logistics and electronic data interchange (EDI) along with forever focusing on reducing production lead times.
"Our supply chain management and logistics operation is crucial to the competitive advantages that Epec has in the marketplace. By focusing significant resources on improving our supply chain each year, we can ensure that we have the best cost position in our industry and be able to deliver product faster than anyone else." – Ed McMahon, CEO
Epec was among 13 other winning manufacturers of different categories selected by a panelist of judges. A recognition dinner will be held at Bryant University's Bello Center on Tuesday, March 15th, from 5:30-8:00pm.
About Providence Business News (PBN)
Providence Business News (PBN) was founded in 1986 by Robert Bergenheim and his son Roger Bergenheim. PBN is the only dedicated news source that serves the state of Rhode Island and its business community. In 2013, New England Newspaper & Press Association named PBN the New England newspaper of the year. For more information please visit http://www.pbn.com.