Vendor Managed Inventory Solutions
Vendor Managed Inventory (VMI) solutions have a wide variety of benefits to businesses and Original Equipment Manufacturers (OEM) looking to increase production pace, avoid stock-outs, and reduce the total cost of ownership (TCO). Running out of fasteners, consumables and other class C items can halt production and affect project time. Overstocking inventory increases carrying cost. Multiple purchase orders or last-minute rush deliveries further add to job costs. Labor associated with the organization, labeling, and tracking of products takes valuable time away from your core business.
The advantages seem obvious for any VMI partnership but choosing the right fit matters. A partner like Eugene Fastener provides value-added services in addition to regular stock replenishment ensuring that your inventory is lean for maximum profitability. Instead of estimating numbers and stocking blind, a partner like Eugene Fastener leverages your usage data to guarantee lean inventory and reduce not only physical storage space of your inventory but also your overall part expenses.
Eugene Fastener and Supply Company delivers supply chain management solutions that will improve your businesses efficiency and profitability. Our Vendor Managed Inventory (VMI) solutions are rooted in technology and are designed specifically for your business. As an inventory partner we develop a customized strategy tailored specifically to your business according to your set parameters.
As a VMI Partner, here is what we'll do for you:
- Design a stocking plan optimized to your specific inventory requirements.
- Bar code label your bins and stocking locations.
- Deliver your product according to a prearranged schedule.
- Supply parts to ensure that you won't run out, but are not overstocked.
- Product is stocked at our warehouse, as backup to your on-site inventory.
- Provide you with management reports and review them with you.
Our VMI Solutions whether it be Bin Maintenance, Just In Time (JIT) Solutions, Kitting, or Industrial Vending Systems will streamline processes, mitigate risks, and improve overall performance. Explore the different services we can provide to manage your inventory and enhance your profitability.
Please contact us if you would like to schedule a visit or on-site demo.