Why Implement Buckles-Smith’s Vendor Managed Inventory (VMI)?
April 6, 2017
Minimize your costs with Buckles-Smith’s VMI
As part of Buckles-Smith’s Supply Chain Solutions we can provide your company with a customized Vendor Managed Inventory (VMI) Solution. Throughout the San Francisco Bay Area, Buckles-Smith provides VMI services to both end users and machine builders. Leverage your relationship with Buckles-Smith to effectively outsource a significant portion of your supply chain management. This service allows your company to focus on its core competencies, while reducing acquisition and material handling costs with zero increase in cost of goods.
How can Buckles-Smith VMI help you?
Storeroom Manager: If you are responsible for ensuring that you have the right electrical items on your shelves at the right time, a VMI program is your solution. Whether it’s automation equipment, connectors, conduit, wire, lighting or any other electrical inventory you’re responsible for procuring, Buckles-Smith will create a program that automatically replenishes your stock to a level that you set so that you can supply your team. Whether it’s for routine maintenance or in an emergency situation to minimize downtime, you’ll be the hero by having the correct material in stock.
Finance and Purchasing: With our VMI Solution, we can minimize your cost of doing business by utilizing a “Blanket PO” to fulfill orders using your MIN/MAX criteria and an automatic replenishment schedule. With an approximate average cost of $150.00 to create a PO, imagine eliminating this, yet still receiving an itemized invoice for your tracking purposes. We can also offer best overall price considering costs associated with transactions, inventory, freight, labor and assembly.
Maintenance Management: As the Maintenance Manager, you are responsible for maintaining your plant to keep it running efficiently with minimal to no downtime. With the Buckles-Smith VMI Solution, you will have the parts on hand for your Planned Maintenance as well as those times when the plant is down unexpectedly. Something as small as a fuse or as large as a Variable Speed Drive should never be the reason for extended downtime. Having the right parts on hand through the VMI will ensure that you can get back up and running quickly.
OEM Production Manager: If you are an Original Equipment Manufacturer, you are using many of the same parts to build your machines. With the VMI Solution, you can be certain to have those parts in stock, at all times, preventing any slowdown in production.
Buckles-Smith can work with you to customize a solution that will reduce your downtime and reduce your purchasing process costs. Every program that we collaboratively develop is a “Living Solution” in that it can be modified at any time as your business evolves. We can also provide regular quarterly reporting to show you the detailed value of the program and areas for improvement.
Are you interested in a Buckles-Smith Vendor Managed Inventory solution? Contact Buckles-Smith to further discuss the first steps in evaluating a VMI solution that is custom designed to fit your organization.