This website does not support Internet Explorer. Please, switch to Edge, Chrome, or Firefox browser to view this page.

Learn about IE support
o9 video

Watch next

December 1, 2023

Wolverine Worldwide's Supply Chain Transformation

In a recent conversation with Bishu Jayaram, Senior Vice President of Global Sourcing at Wolverine Worldwide, we gained valuable insights into the company's supply chain transformation journey. From overcoming challenges during periods of disruption to investing in advanced technology and streamlining operations, Wolverine Worldwide has prioritized resilience and operational efficiency. Here are the top 5 takeaways from the session, shedding light on the company's forward-looking strategy and its focus on optimizing the balance between cost and value.

1. Flexibility and Adaptability Are Key:


Wolverine Worldwide experienced supply chain congestion, port issues, and inflation during the disruptive periods, causing chaos within the industry. However, the company recognized that flexibility is key to mitigating risks. By adapting to changing order volumes, run lengths, and consumer demands, Wolverine Worldwide improved its ability to navigate through disruptions successfully. This emphasis on flexibility enabled the company to optimize its supply chain and enhance operational efficiency.

2. Transparency Drives Collaboration and Problem-Solving:


Wolverine Worldwide implemented a culture of transparency and collaboration throughout its organization. Regular meetings were held, involving stakeholders from different departments, including the CEO, brand presidents, and supply chain leadership. This transparent approach facilitated the identification and resolution of issues in real-time. By fostering open communication, the company created a platform where everyone had a role and contributed to the organization's success.

3. Cost Optimization through Strategic Sourcing:


The company undertook a strategic sourcing exercise, focusing on cost savings and optimization. By tearing down thousands of shoe samples and analyzing components and materials, Wolverine Worldwide identified areas for improvement. Frameworks were established to standardize product specifications and optimize material usage. The company also leveraged negotiations with suppliers, inviting them to bid for business and driving significant cost savings. This strategic approach to sourcing not only resulted in substantial cost reductions but also improved efficiency throughout the supply chain.

4. Digitization and Integration for End-to-End Planning:


Wolverine Worldwide recognized the need for digitization and integration across its supply chain functions. The company invested in a Product Lifecycle Management (PLM) system, digitizing materials and streamlining bill of materials. This digital transformation allowed real-time costing and provided designers with cost insights during the product development stage. Furthermore, the company aimed to integrate financial planning, merchandising, and inventory plans, forming an end-to-end planning team to improve visibility and decision-making across the organization.

5. Collaboration with Stakeholders and Future Focus:


The success of Wolverine Worldwide's supply chain transformation relied on collaboration with stakeholders, including brand teams, designers, and suppliers. By involving them in decision-making processes and forming steering committees, the company ensured buy-in and alignment with its strategic goals. Looking ahead, Wolverine Worldwide plans to continue its journey of digitization, exploring AI and digital sampling while enhancing visibility of real-time inventory. The company aims to strengthen planning capabilities and become more resilient against future disruptions.

Idc marketscape worldwide retail merchandise operations management solutions 2023 vendor assessment graph no padding around

o9 Solutions Named a Leader in the IDC MarketScape Report

Learn why o9 Solutions was recognized as a Leader in Supply Chain Planning Solutions in Retail Merchandise Management.

I agree to the privacy policy.

Resources

View our related articles, white papers, use cases & videos

video

Digitization Leaders: What Differentiates the Best from the Rest?

20 min
Digitization leaders: what differentiates the best from the rest? thumbnail
video

A New Era of AI

22 min
A new era of ai thumbnail
video

Retail best practices for the holiday season

1 min
Auto draft thumbnail
video

How Generative AI Enhances Operational Efficiency and Consumer Engagement

27 min
How generative ai enhances operational efficiency and consumer engagement thumbnail
video

How Estée Lauder Selects Next-Gen Planning Solutions

35 min
How estée lauder selects next gen planning solutions thumbnail
video

How Walmart Proactively Responds to Disruptions

25 min
How walmart proactively responds to disruptions thumbnail
video

Control Tower Best Practices

58 min
Control tower best practices thumbnail
video

How to Approach a Change Management Program

2 min
How to approach a change management program thumbnail
video

Retail Demand Planner Frustrations: How to Improve Forecast Accuracy and Collaboration

2 min
Auto draft thumbnail
resource

Quality Brand Growth in the Age of Disruption

O9 whitepaper ipa mockup
video

Demand Volatility and Channel Complexity

13 min
Demand volatility and channel complexity thumbnail
video

Solving Supply Chain Challenges with the o9 Digital Brain

22 min
Solving supply chain challenges with the o9 digital brain thumbnail
© – o9 Solutions, Inc.
Privacy Policy Cookie policy Support o9 Guide
tree nation
tree nation