Sky-Trax and GENCO Named First-Runner up for  Supply Chain Innovations Award
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Partners chosen from more than 40 Innovation Award submissions
Denver, CO - October 8, 2008 - Sky-Trax Inc. and GENCO Supply Chain Solutions today were named first-runner up for the 2008 Supply Chain Innovations Award at the 2008 CSCMP Global Conference in Denver, Colorado. The award, established in 2005 by the CSCMP's Research Strategies Committee and Global Logistics & Supply Chain Strategies magazine, recognizes the best and most innovative teams that demonstrate excellence and innovation in addressing a significant supply chain challenge.
Larry Mahan, Sky-Trax president and chief operating officer, and Cary Cameron, senior vice president, Strategic Processes and Technologies at GENCO Supply Chain Solutions, presented their case study to a panel of industry and academia judges. Their entry, which cited GENCO Supply Chain Solutions' installation of an optically enabled Real Time Location System (RTLS) that eliminates operator-dependent data collection processes, was among 40 submissions that were then narrowed down to a field of seven earlier this year.
Optical RTLS is powered by Sky-Trax's Total-Trax System, which provides 100 percent location and pallet identification accuracy along with significant productivity improvements and fast return on investment.
"We are so thrilled to have participated in this competition. Since its inception, the Supply Chain Innovations Award has attracted well-known companies to compete for this award. To be recognized in a field that included identifiable names as Cisco Systems, Inc., Lockheed Martin Aeronautics Company, and the US Air Force with Booz Allen Hamilton and Morgan Borszcz Consulting is a true privilege," said Mr. Mahan.
"GENCO exemplifies the type of collaborative efforts with our partners that we value," added Mr. Mahan. "Together, we've designed a system that significantly increases warehouse productivity and accuracy."
Case study results presented today confirmed the system's capabilities, which included a reduction in driver training time (from hours to minutes) and cost reductions in equipment (fewer forklifts needed). Additionally, the complete system automatically collects valuable new operational data that includes forklift utilization (time traveled with or without product), travel distances (miles and routes traveled), idle time (non-moving time), number of times a pallet is touched, speed of the material handling equipment, percentage of aisle congestion, and near-collision information among other benefits.
GENCO Supply Chain Solutions' custom software layer provides additional features that enhance existing WMS capabilities and a greater range of data for ongoing analytics and operational improvements.
"Receiving first-runner up honors affirms our confidence in our ongoing partnership with Sky-Trax." said Ms. Cameron. "We were able to quickly implement Sky-Trax technologies to improve our productivity in supply chain facilities. We look forward to expanding our use of Sky-Trax to create efficiencies and increase productivity levels for our customers."
As first-runner up for the 2008 CSCMP Supply Chain Innovation Award, Sky-Trax and GENCO were honored during a presentation at the closing session of the conference and will be featured in the December issue of Global Logistics & Supply Chain Strategies. Their submission was evaluated on the value of the innovation, a written case study, and their oral presentation. The case study will also be published on the CSCMP Web site.
About Sky-Trax Inc.
Sky-Trax develops revolutionary automatic data collection and inch-accurate location tracking systems for warehouse vehicles. Safety and productivity applications employing Sky-Trax's IPS technology are economical and practical to deploy, allowing warehouse professionals to substantially improve safety and warehouse efficiency with automatic inch-accurate material and asset-tracking solutions. The results are fewer safety incidents, lower operating costs, improved inventory accuracy and greater throughput. For more information, please visit www.Sky-Trax.com.
About GENCO Supply Chain Solutions
GENCO Supply Chain Solutions is North America's largest U.S.-based and a Global Top 50 third-party logistics provider and the recognized leader in reverse logistics. The company manages over 125 operations and 37 million square feet of warehouse space throughout North America for a diverse range of retail, manufacturing and government customers. The company provides initial and ongoing value through a complete range of solutions, including contract logistics, transportation logistics, parcel negotiation and audits, reverse logistics, damage research, product liquidation, pharmaceutical services, government solutions and technology solutions. For more information, visit www.genco.com.
Sky-Trax Inc. Contact:
Sarah Sagin
Vice President, Marketing
Sky-Trax Inc.
98 Quigley Blvd.
New Castle, DE 19720
302-395-9540
GENCO Supply Chain Solutions Contact:
Donald Rendulic
Director, Marketing and Corporate Communications
GENCO Supply Chain Solutions
100 Papercraft Park
Pittsburgh, PA 15238
412-820-3922
