Lawrence Screw Products, Inc.
Vendor Managed Inventory (VMI)Products and
Product Procurement
Approaches and SystemsQuality
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Vendor Managed Inventory (VMI) Services

Vendor Managed Inventory
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Vendor Managed Inventory
 

At Lawrence Screw, we make your business our business. With a variety of vendor managed inventory services, we'll help you find the system that works best for you. And because 99 percent of our inventory is customer specific, we carry what you need - and we store it for you, too. Lawrence Screw takes care of the logistics, no matter the product, to bring you tangible results, including:

  • Increased Productivity
  • Reduced Waste
  • Reduced Inventory
  • Reduced Operational Costs

Because we take care of everything from quality checking to recycling, you can enjoy a streamlined procurement process-and a competitive advantage. With warehouse locations in Illinois, Louisiana, Mississippi, Texas, Oklahoma, Wisconsin, China, and Puerto Rico, we're rapidly expanding our global presence to better serve you, wherever you may be.

Lawrence Screw programs are technology-based systems designed to incorporate manufacturing principles into your inventory replenishment process. Lawrence Screw truly manages inventory based on our customers' usage and adjusts inventory levels based on demand, ensuring you have the parts you need to run your business.

We offer custom service based on customer requirements. Lawrence Screw provides flexible VMI Systems that can be developed to meet each customer's needs.

Vendor Managed Inventory (VMI): Eliminates non-value-added activities like receiving, inspection, and material handling while reducing inventory.

Lawrence Screw's 3rd Party Logistics (3PL): Customer-specific warehousing helps us manage any customer product needs, while utilizing the Lawrence Screw method of supply which provides visibility to the category spend via our customized reporting and other measuring tools. 3PL allows cooperation between the customer's selected vendors and Lawrence Screw. This results in supplier reduction while maintaining technical contact with customer-trusted vendors.

Lawrence Screw manages materials for customers worldwide. We help to save our customers time and money by:

  • Reducing inventory levels and investment
  • Reducing the floor space required for storing inventory
  • Giving back resources being used in the procurement process for class "C" items
  • Eliminating shortages by gaining control over inventory fluctuations due to seasonal demand or special job consumption fluctuations
  • Improving Supply Chain Management and consolidating suppliers
  • Streamlining Accounting processes with consolidated invoices & monthly billing
  • Reporting and Performance Metrics

 

Lawrence Screw has the best reporting capabilities in the industry. The following list of reports is just a sampling of what we provide to our customers:

  • Exception Reports
  • Inventory Valuation Reports
  • Usage Reports
  • Non-Usage Reports
  • Inventory Turns
  • Defective Parts Per Million
  • On-Time Delivery
  • System Overview
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Vendor Managed Inventory - Capabilities

Areas Covered Worldwide
Global
Residential
Industrial
Marine
Electronics
Automotive
Transportation
Recreation
Construction
Food Processing
Machinery
Mining
Oil, Gas, Petroleum
Software Used Distribution One V2 ERP Software    http://www.distone.com
VMI Capabilities Freight Management
Logistics
Quality Control
Recycling
Scaling of Inventory Based on Forecast
Shipping
Packaging/Crating
Warehousing
Quality Control Equipment CMI Plating Thickness Machine
Hardness Testing
Micro Hardness Testing
Tinius Olsen Tensile Testing
Microscopes
Torque Tension Analysis
Hydrogen Embrittlement Testing
Optical Comparator
SmartScope (CMM and Optical Comparator in one)
Customer Service Features Inventory Tracking
  • Integrate Customer Data to MRP Systems
EFT (Electronic Funds Transfer)
EDI (Electronic Data Interchange)
Customized Data Programming
Vendor Managed Inventory
Integrated Supply Program
Automated Supply Program
3rd Party Logistics
Packaging Capabilities Crating
Kitting
Labeling
Bar Coding
Roll Sorting
Table Sorting
Returnable Containers Reduces Total Cost
Improved Product Protection
Improved Worker Safety
Improved Cleanliness
Improved Space Utilization
Lower Environmental Impact
Industry Standards ISO - International Organization for Standardization
  • ISO 9001:2008
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