![]() ![]() Bin systems have become a popular way for OEMs to organize parts at the point of use. And if you’re already using some form of VMI but need ways to up your efforts, the following tactics could maximize your gains.īin Systems. If you’re concerned about carrying too much inventory that’s not yet in production, running out of critical parts, or getting parts closer to the point of use efficiently, perhaps a dynamic vendor-managed inventory system could help by closing the gaps. And we’re constantly looking for ways to maximize our own warehousing and distribution systems, so we can provide the level of service that customers demand. As a $13 billion manufacturer of some 700,000 parts, distributed and inventoried around the world, we understand the struggle. If you’ve ever been stuck without needed parts, with too many of the wrong parts, or without enough hours in the day to get parts where they need to be, you know what we’re talking about.Īnd we might be able to help. And it might help you save time and money. But it might help you smooth out the rough edges when it comes to prompt, comprehensive service. ![]() It may not revolutionize the systems and builds you are creating for your packaging customers. In essence, that can mean taking advantage of some other company’s better process.įor example, the daily requirement of managing inventory. However on other occasions those financial gains can come from maximizing repetitive but vital organizational tasks. In many cases, this added profit and reduced cost comes from developing a better system or process. OEMs are constantly challenged to squeeze more out of the supply chain pipeline to reduce costs and increase profitability. A Better Strategy for Inventory Management ![]()
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