Many of our key Far East manufacturers have been doing business with us for over
30 years. In some instances, we are now working with the second generation of
entrepreneurs from the same families. We believe these relationships give us a
stable and sustainable advantage over many of our competitors. Manufacturers who
produce our products use formulas, molds and certain other tooling, some of which
we own, in manufacturing those products. We employ numerous technical and quality
control personnel responsible for ensuring high product quality. Most of our products
manufactured outside the countries in which they are sold are subject to import
duties, which increase the amount we pay to obtain such products.
The Nutritional Supplements segment owns most of the formulations used in products
it sells, with the majority having formulations that are proprietary, and in some
cases, include ingredient combinations that are exclusive to the segment. The
segment relies predominantly on clinically studied ingredients to validate efficacy
and dosage. The segment engages in, and has completed multiple clinical studies
on key proprietary formulations. Quality is paramount to the efficacy of our products
and a competitive differentiator in nutritional supplements. Products are formulated
and manufactured under the direction of the Company, which adheres to a rigorous
triple testing method to ensure the stability, purity, potency, and safety of
all finished products.
Our retail customers seek to minimize their inventory levels and often demand
that we fulfill their orders within relatively short time frames. Consequently,
our policy is to maintain several months of supply of inventory in order to meet
our customers’ needs. Accordingly, we order products substantially in advance
of the anticipated time of their sale to our customers. While we have limited
formal long-term arrangements with our suppliers, in most instances, we place
purchase orders for products several months in advance of receipt of orders from
our customers. Our relationships and arrangements with most of our manufacturers
allow for some flexibility in modifying the quantity, composition and delivery
dates of orders. Because of long lead times for most of our foreign sourced products,
from time to time, we must discount end of model product or sell it through closeout
sales channels to eliminate excess inventories. Most purchase orders are in U.S.
Dollars.
Helen Of Troy Limited's Comment on Supply Chain
Many of our key Far East manufacturers have been doing business with us for over
30 years. In some instances, we are now working with the second generation of
entrepreneurs from the same families. We believe these relationships give us a
stable and sustainable advantage over many of our competitors. Manufacturers who
produce our products use formulas, molds and certain other tooling, some of which
we own, in manufacturing those products. We employ numerous technical and quality
control personnel responsible for ensuring high product quality. Most of our products
manufactured outside the countries in which they are sold are subject to import
duties, which increase the amount we pay to obtain such products.
The Nutritional Supplements segment owns most of the formulations used in products
it sells, with the majority having formulations that are proprietary, and in some
cases, include ingredient combinations that are exclusive to the segment. The
segment relies predominantly on clinically studied ingredients to validate efficacy
and dosage. The segment engages in, and has completed multiple clinical studies
on key proprietary formulations. Quality is paramount to the efficacy of our products
and a competitive differentiator in nutritional supplements. Products are formulated
and manufactured under the direction of the Company, which adheres to a rigorous
triple testing method to ensure the stability, purity, potency, and safety of
all finished products.
Our retail customers seek to minimize their inventory levels and often demand
that we fulfill their orders within relatively short time frames. Consequently,
our policy is to maintain several months of supply of inventory in order to meet
our customers’ needs. Accordingly, we order products substantially in advance
of the anticipated time of their sale to our customers. While we have limited
formal long-term arrangements with our suppliers, in most instances, we place
purchase orders for products several months in advance of receipt of orders from
our customers. Our relationships and arrangements with most of our manufacturers
allow for some flexibility in modifying the quantity, composition and delivery
dates of orders. Because of long lead times for most of our foreign sourced products,
from time to time, we must discount end of model product or sell it through closeout
sales channels to eliminate excess inventories. Most purchase orders are in U.S.
Dollars.
Sources:
Helen Of Troy Limited's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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