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Vendor Managed Inventory Services

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Vendor Managed Inventory Services

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If your storeroom has a lot of expense items (non-inventory), a Vendor Managed Inventory (VMI) solution can save time, reduce costs while improving availability of parts.

If your storeroom has a lot of expense items (non-inventory), a Vendor Managed Inventory (VMI) solution can save time, reduce costs while improving availability of parts.

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Vendor Managed Inventory Services

  1. 1. Presentation by Greg Carter, Electrical Marketing Prepared for EECO (Electrical Equipment Company) electricalmarketing.net | 856.381.7834 gcarter@electricalmarketing.net What You Should Know About
  2. 2. Ready for a VMI Managed Storeroom? What you should know… Presentation by Greg Carter, Electrical Marketing Prepared for EECO (Electrical Equipment Company)
  3. 3. What’s Your Current Storeroom Inventory? Prepared by Electrical Marketing. www.electricalmarketing.net If your storeroom has a lot of expense items (non-inventory), a Vendor Managed Inventory (VMI) solution can save time, reduce costs while improving availability of parts.
  4. 4. According to EECO Storeroom Management Survey, other items include: Ballast, conduit, fittings, solenoid valves, tape, stack-ons, electronic parts, float switches, gearboxes, power supplies, proprietary OEM parts Storeroom Inventory Breakdown Prepared by Electrical Marketing. www.electricalmarketing.net
  5. 5. Prepared by Electrical Marketing. www.electricalmarketing.net Getting Ready for Storeroom Assessment
  6. 6. First An on-site assessment will determine if a VMI is right for you. A VMI is best for storerooms with parts that have frequent turn rates. Prepared by Electrical Marketing. www.electricalmarketing.net On-Site Storeroom Assessment
  7. 7. High Turnover Storeroom Parts Next The Vendor will categorize high turnover items for possible inclusion in VMI. Parts classified, assigned bin locations. Slow movers (OAN, DNRs) may be handled outside VMI.Prepared by Electrical Marketing. www.electricalmarketing.net
  8. 8. Prepared by Electrical Marketing. www.electricalmarketing.net Parts bins are labeled and barcoded for easy identification. “Right part, right time, right price”. Organized storerooms minimize labor for finding parts. Inventory Barcoding, Labeling
  9. 9. 3 – 6 Months The VMI Vendor will review for stock outs, excesses, urgent order instances. Prepared by Electrical Marketing. www.electricalmarketing.net Electrical Storeroom Review Min/Max levels change over time. A review helps anticipate these situations.
  10. 10. Prepared by Electrical Marketing. www.electricalmarketing.net . Electrical Storeroom VMI Assessment Parts Assessment • History • Classification Is VMI Right for You? • Manage OAN or DNR? • High Turn Only Storeroom Assessment • What’s Happening? • Adjust
  11. 11. Prepared by Electrical Marketing. www.electricalmarketing.net Electrical Storeroom Self Evaluation Spend 5 minutes, get a check up on your MRO storeroom. If you haven’t done one in a while, this online storeroom evaluation will help.
  12. 12. Electrical Marketing specializes in e-Business content development exclusively for the Industrial/Electrical Supply Chain. Jump-start your e-Business electricalmarketing.net 856.381.7834 gcarter@electricalmarketing.net Prepared by Greg Carter, Electrical Marketing. www.electricalmarketing.net

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