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Westminster Company

In: Business and Management

Submitted By eywinn
Words 1347
Pages 6
Westminster Company
Elaine Winn
Saint Leo University
MGT 309 Introduction to Logistics Management
Instructor: Patti Williams
September 13, 2015

Integrated Consumer Products
Introductions
Originally founded as a family owned pharmaceutical supply business, Westminster Company expanded, aggressively introducing new products. The small family owned business, consisting of three separately owned companies, each manufacture and distribute their own unique line of products. Viewed as a successful corporation, the family refuses to rest on its laurels and constantly seek means of improvement.
Impact on Alternatives Through growth, new alternatives are introduced to monitor inventory, procure supplies and transport and warehouse purchases received. The changes under consideration should each produce a positive effect. The introduction of POS technology and receipt of customer based orders creates a system designed specifically to increase sales while minimizing warehoused items. Fulfilling these orders would enable fewer but more accurate deliveries. The use of RFIDs affords the ability to identify products purchased and moved throughout the day for both orders and the fulfillment of same. On-site work teams could assist in debundling delivered products, allowing for more appropriate procurement decisions. Integrated delivery of the three separate locations would incorporate deliveries into one location, subsequently decreasing delivery and transfer costs. Achieving a mix of all products on a single trailer to retail customers could initially increase the overall cost, however would reduce costs of specialized shipments to various locations. Through the integration of locations, fewer staff would be required to package and ship the inventory, thus reducing expenses. The lack of expending funds for warehouse overhead

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