Vendor Managed Inventory

If you run an operation of any size, from a small local manufacturing plant to a global distributor, it is essential that you stay on top of your inventory levels. In many cases, business owners opt to maintain their inventory in-house, whether they manage it themselves or delegate it to another employee. This course of action, however, can cause difficulties and can slow your operation down by burdening your employees with time-consuming, non-productive tasks. In today's post, we're going to talk about how vendor managed inventory from ASF Components can optimize your processes, reduce costs, and save your sanity.

When investigating vendor managed inventory programs, some of the best questions that you can ask are, "Does this program save me time?" and "Does this program save me money?" If the answer to both of these questions isn't a resounding yes, then you should take that as a sign that you need to look at other providers. While it's great to hone in and focus on finding a provider that addresses one solitary issue that you are experiencing, it is more important to think forward, plan, and identify what your operation will need tomorrow, next month, and next year. In today's post, we're going to look at how VMI from ASF Components can help you save time, reduce costs, and plan for the future.

Do you – or your employees – spend countless hours tediously managing your operation's inventory? Do you perform regular, agonizing hand counts of your class "C" components? Have you found yourself thinking... "Is there a better way to do this?" In short, the answer is a resounding, "Yes!" With vendor managed inventory from ASF Components, the burden of tracking your operation's inventory is shifted from you to your supplier. By allowing us to manage your inventory, you receive the parts that you need, when you need them and – more importantly – you free up massive amounts of time that can be better spent performing productive, profitable tasks.

If you've recently become interested in implementing a vendor manage inventory program into your operation, you have almost certainly weighed the costs and the benefits. After performing those calculations, you've become aware of the amount of money that you can save by employing VMI. More importantly, you've learned that you can significantly ease your plant's logistics, saving you – and your employees – valuable time.

If you've been thinking about transitioning your inventory management over to a vendor managed inventory program, you likely have a slew of questions. Does the vendor you're considering have access to a large number of SKUs? Do they take steps to ensure the quality of the class "C" components that they're sourcing? Can they adjust stock levels, as needed, as new information comes to light? If these questions were asked of the team at ASF Components, our answer would be a resounding, "yes, absolutely." In this post, we're going to look at how our capabilities – and experience – can help you streamline your supply chain and make inventory management a breeze.

When searching for a provider of vendor managed inventory services, it's essential that you vet each candidate's distribution capabilities. Regardless of your operation, your provider's ability to deliver critical parts and components in an accurate, timely manner is the key to successfully transitioning to VMI. A great VMI partner will offer a broad inventory, a wide shipping area and an adaptable inventory strategy. In this post, we're going to talk about how these elements – and others – contribute to a well-run and effective VMI program.

When implementing your vendor managed inventory program, it pays to work with a partner that has extensive experience in providing engineering and planning support. With the ability to take a reliable, data-driven approach to VMI, a provider that is capable of viewing your problems from an engineering standpoint can help you cut costs, lower on-hand inventory and reduce your company's overhead. This is accomplished primarily through proactive monitoring of your business' needs and regular adjustment of your class "C" component stock levels.

Quantity is important when you’re looking at a vendor managed inventory provider to handle your class “C” components. You need to be certain that your stock levels will be consistent, that your employees will have access to the parts that they need and that you’ll receive the timely, accurate shipments that your operation requires to run efficiently. However, quantity isn’t everything… you also need to be able to depend on your vendor managed inventory services. You need to know that the class “C” components they are sourcing for you are able to perform to your standards. You need to be able to rely on your VMI provider to not just source parts, but to vet them for quality. Today, we’re going to look at why – and how – ASF Components is equipped to ensure the quality of your class “C” components inventory.

Whether you’re a major manufacturer or a new startup, it’s worthwhile to investigate all of your inventory management and stocking options. While it may seem simple and straightforward to manage your own inventory, there are a number of key benefits to be gained by utilizing ASF Components’ vendor managed inventory solutions. From reducing costs to hastening delivery, we’re going to take a closer look at five of the major benefits that you can gain from our warehouse logistics and vendor managed inventory services.

At ASF Components, we go to great lengths to ensure that our clients’ class “C” components inventory stays current and stocked. Whether we’re researching the latest in warehouse technologies or we’re investing in new, returnable container programs, we stay on top of industry developments and aim to be ahead of the curve when it comes to providing our clients with vendor managed inventory services.