B&Q plan to reduce supply chain complexity
B&Q is focusing on reducing complexity in its end-to-end supply chain to reduce costs and support lower prices, according to parent company Kingfisher.
In its preliminary results, Kingfisher said sales at B&Q UK& Ireland were up 0.4 per cent (+0.1 per centlike-for-like) to £3.7 billion.
In October last year, Kevin O’Byrne, an executive director of Kingfisher, assumed directleadership of B&Q UK& Ireland. He hasbrought in three executives from sister companyScrewfix: Steve Willett, previously Screwfix CEO; David Lowther,supply chain; and Guy Eccles, HR.
O’Byrne has been tasked with re-energising the business. Examples of priorities include improving storenavigation and customer communication, and driving footfall with better targetedmarketing.
The other priority is to simplifying the business and grow sales and economic profit to make it moreagile in the market place and more efficient.
“Examples of priorities includedelivering a seamless and efficient omni-channel experience for customers,optimising the store footprint, reducing complexity in the end to end supply chainthereby reducing costs to support lower prices, and undertaking a detailedreview of all the 19 categories across our stores focusing on customer needsand business models,” the group said.
Overall, Kingfisher report a 5.2 per cent rise in sales to £11.1bn, while pre-tax profit was up 4.1 per cent to £744m.
Source: logisticsmanager.com
Portal: logistik-express.com