Our Vendor Managed Inventory (VMI) system is designed to streamline your inventory management, transforming it into a lean and efficient supply chain. Whether you’re looking to enhance an existing system or starting from scratch, our VMI solution can help you reach your efficiency goals, all while giving you peace of mind.
With our extensive experience in the fastener industry, we understand that each customer has unique needs. Our VMI system, developed in collaboration with Computer Insights, Inc., allows us to tailor solutions that fit your specific requirements. It is designed to seamlessly integrate with any manufacturing environment, regardless of size or location, ensuring your products reach their destination on time.
What are the benefits?
Our VMI system offers a range of benefits, including:
- Ease of Use: A user-friendly and highly effective system that simplifies inventory management.
- Customizable Inventory Levels: Easily adjust and refine bin quantities based on your usage.
- Cost Savings: Maintain optimal inventory levels to reduce overhead and free up valuable floor space.
- Time Savings: Streamlined materials management saves time for purchasing and production planning.
- Eliminated Shortages: Minimize the risk of product shortages.
- Support for Lean Initiatives: Strengthen your lean initiatives and improve overall efficiency.
How does it work?
The Fastener Warehouse Ltd. VMI service uses a simple barcode scanner integrated with our specialized inventory management system, tailored specifically for the fastener industry.
Here’s how we get started:
Pre-assessment
The first stage involves a detailed assessment of your needs, including:
- Collaborating with a team of Fastener Warehouse and customer representatives.
- Understanding your unique challenges, goals, and desired outcomes.
- Analyzing your workspace layout for maximum efficiency.
- Identifying the materials and processes needed for smooth implementation.
- Establishing strategies to address product shortages and improve material management.
- Implementing continuous monitoring for measurable improvements aligned with your goals.
Program Set-up
The next step is setting up your VMI service, which includes:
- Determining usage patterns for all parts to set appropriate bin quantities.
- Procuring or creating racks to hold bins.
- Installing hardware and software to facilitate seamless information flow.
- Creating a database that includes all product information and scanner locations.
- Providing labels for easy and accurate scanning.
At Fastener Warehouse Ltd., we are committed to simplifying your inventory management, helping you reduce costs, and ensuring you have the right parts when you need them. Let us partner with you in achieving a smoother, more efficient supply chain.
