Family Businesses, Moneyball, and Supply Chain Innovation with ShelfAware CEO Andrew Johnson
Andrew Johnson, CEO of ShelfAware, explains how his family's industrial distribution business, O-Ring Sales and Services, evolved into a supply chain innovation company. He details the 'Moneyball' approach to incremental innovation, which allowed the company to triple its size without increasing headcount by automating vendor-managed inventory (VMI). Johnson discusses the development of RFID-powered smart labels and the strategic shift from traditional clipboard-based inventory checks to real-time, cloud-based visibility for manufacturers.