Solution: GENCO addressed the operations, design and labor of the supply chain, targeting four essential goals that apply to both immediate and future needs—mitigate risk, transfer assets, establish a variable pricing model, and build a flexible platform. To meet the four goals, strategic shifts were made, such as changing the pricing model from fixed to variable and moving assets into the hands of GENCO.
Results: The company has achieved significant savings through continuous improvement efforts. To improve the partnership over the next several years, GENCO will engage in value stream mapping to develop ideas and create a more streamlined supply chain.
About the Solution Provider: GENCO, a subsidiary of FedEx Corp. (NYSE: FDX), is a leading supply chain solution provider specializing in product lifecycle logistics® for technology, retail, consumer and industrial goods, and healthcare industries. Operating more than 38 million square feet throughout North America, GENCO provides a comprehensive range of integrated logistics services.
