Wholesale & Distribution International 2018 - Volume 5, Issue 1 - 34
and technology and how you leverage that for the future," he
adds. "We spent a significant amount of time future-proofing
our new distribution center in Georgia so we can get our product to customers faster."
Getting product out faster helps solve clients' just-in-time
challenges. This pioneering company is always looking for ways
to improve its processes and procedures. "Adding automation
to our warehousing and secondary processes have been instrumental in increasing the throughput of our production and
shipping departments," Washington says.
"Packard has worked with our partners upstream and downstream in the supply chain to move the entire chain forward,"
he continues. "We must have the mindset that what we are doing across our distribution centers today will not sustain us for
next year's growth. We have to continue to find ways to grow
and improve our processes continually."
The company's partners want to be part of its success and allow it to remain competitive in the market and pass those savings on to its customers. "Faster and cheaper, that's what everyone wants," Washington adds.
SECURING ITS LEGACY
Packard transitioned to an employee stock ownership plan
(ESOP) in August 2017, to secure the company's unique culture into the next generation. The purpose of this ESOP is to
enable Packard's eligible employees to share in the growth and
prosperity of the company, accumulate capital for their future
economic security and acquire beneficial stock ownership interests in the company.
"My hope for this new employee-owned path is two-fold: to
continue the legacy of service, selection and satisfaction that
CEO Tom Campbell and I have nurtured these past 45 years,
and to provide a concrete future for our hardworking employees and valued customers," Kirkland says. This long, prayerfilled journey was not forged into lightly."
It took the company one year to conduct its research and do
its due diligence on how an ESOP would work before it implemented the new structure.
"We are really excited and our employees are more en// Arc Suppression Technologies // is creating a new add-on market
for industrial and commercial HVACR power switching. Our NOsparc arc
suppressors solve a significant problem in HVACR system operation and
maintenance, while adding to our distributor's bottom line as an add-on
to contactor sales. Packard's experience in launching new technology and
products into this space makes them an invaluable partner in bringing our
products to this important market.
// ebm-papst Inc. // is an innovator and market leader in fans, blowers,
and motors with core competencies in motor technology, aerodynamics,
and electronics. With over 15,000 products, we provide solutions to a wide
range of markets including Air-conditioning and Ventilation, Appliance,
Automotive, Commercial Refrigeration, Heating, Industrial, Lighting, IT/
Telecom, Medical, Transportation and more. We are proud to be a supplier
to Packard Inc.
34 www.wdimagazine.com Volume 5, Issue 1