Pep Boys Implements Vendor Compliance Optimization Solution from Compliance Networks

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Pep Boys addresses Vendor Compliance as part of strategic initiative to improve Supply Chain Execution.

Compliance Networks, a leading provider of vendor compliance optimization solutions, announced that The Pep Boy’s Corporation has implemented its Retail Compliance Management Solution (rCMS) as part of a strategic effort to improve Supply Chain flow and deliver a better customer experience by lowering the cost of delivering merchandise to the store floor and ensuring product availability to the consumer.

Pep Boys’ has implemented the Compliance Networks solution rCMS, to identify issues, internally and within their vendor community, which adversely affect Supply Chain flow. Utilizing enhanced business intelligence and previously unattainable levels of visibility into its supply chain to improve the flow of goods to the store floor reducing stock outs and lost sales opportunities.

“We at Pep Boys are extremely pleased with our partnership with Compliance Networks” says Dave Schneider, Director of Logistics. “During initial stages, detected violations rose from the previously established baseline as visibility into the supply chain improved. As we continue to work with our vendors to correct issues, vendor performance continues to improve and the frequency of violations has begun to trend down. The resulting improved flow of goods to the store floor has reduced stock outs and lost sales opportunities, reinforcing Pep Boys’ commitment to quality, product availability, customer satisfaction and superior customer experience. Mr. Schneider adds, “Our project team was able to complete implementation within 100 days and since the project utilized Compliance Networks’ gain sharing model, our return on investment was immediate.”

Commenting on the successful implementation, CEO of Compliance Networks, Greg Holder notes, “Pep Boys has always presented a collaborative attitude toward its vendor community. By working with individual vendors and providing documentation to substantiate claims and illustrate how violations were adversely affecting merchandise sales at the store floor, Pep Boys has been able to foster vendor enthusiasm for the project and the opportunity to improve performance - resulting in a win-win situation. We are proud to be their partner for vendor compliance optimization and look forward to working with them on continuing ROI and Supply Chain flow improvement as vendor performance levels increase and new processes and procedures are implemented.

About The Pep Boys Corporation

-The Pep Boys- Manny, Moe & Jack (NYSE: “PBY”), a Philadelphia, PA based company, has 593 stores and more than 6000 service bays in 36 states and Puerto Rico. An expanded selection of national brands has enabled Pep Boys to compete on any level by offering the largest and most comprehensive selection of premium parts and accessories. Along with its vehicle repair and maintenance capabilities, the company also serves the commercial auto parts delivery market and is one of the leading sellers of replacement tires in the United States taking full advantage of the synergy between retail and service centers to create a true "one-stop shop". For more information please visit http://www.pepboys.com

About Compliance Networks, LLC

Compliance Networks delivers best in class solutions for the retail supply chain. Compliance Networks Solutions enables retailers to align their vendor community with the strategic goals of the retail enterprise, systematically eliminating costs and improving overall profitability. The result is a consistent, predictable and more profitable supply chain. Headquartered in Sugar Land, Texas, Compliance Networks also maintains an additional office in Little Rock, Arkansas. Compliance Networks' customer base includes leading retail organizations such as Burlington Coat Factory, Pep Boys, The Sports Authority, Elder-Beerman/Bon-Ton Stores Corporation and Gottschalks Stores. For more information, visit http://www.compliancenetworks.com.

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Pat Beaird