Approaches and Systems - Vendor Managed Inventory
Approaches and Systems
Because every business is different, Lawrence Screw offers multiple approaches to vendor managed inventory.
VMIJust In Time (JIT)Kanban
Just-in-time Kanban approach maximizes your return on investment, efficiency, and quality by reducing in-process inventory. By utilizing your MRP or requirements data we develop a schedule to meet your needs. This scheduling system uses real-time demand rates to determine production and supply, leading to better component management. We'll know what to produce, when to produce it and how much you'll need.
Consignment can be provided with or without a Vendor Managed Inventory System. Consignment is a useful option for those who want to cut-down on unnecessary inventory. Lawrence Screw owns the inventory for you, so you'll only pay for what you use. We can take you to a zero inventory level. You have the parts you need to build you r products on hand but pay for them only when you use them.
Third Party LogisticsSupplier Reduction
If you have suppliers that are not able to provide Vendor Managed Inventory we can manage these suppliers directly as a "C" item or we can manage them with a 3PL program with no cost to you.
To make the most of your facility, let Lawrence Screw take care of storage. By keeping your inventory off-site, you'll free-up more space for production processes.
Approaches and Systems- Capabilities
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||VMI / Just In Time Deliveries (JIT)
3rd Party Logistics
|Just In Time & Kan-Ban Advantages
Improved Supplier Relationships
Improved Flow of goods (Warehouse to shelves)
Reduced Lead Time
Reduce Handling and Storage Cost to You
||Not Invoiced Until Item is Used
||Over 120,000 Square Feet of Storage Facilities Heated
||Dedicated / Regional
We open warehouses to support our customers near their operations to reduce shipping cost and time.
Space, labor and equipment dedicated to multiple clients under long term contract to reduce costs.
||ISO Quality System Standard
International Organization for Standardization
We can procure products to all major industrial standards