Supply Chain Value-Add Services

Vendor Managed Inventory – Approach

Having a Vendor Managed Inventory program can help eliminate non-value-added activities like receiving, inspection, and material handling while reducing inventory.

Our goal in fitting a Vendor Managed Inventory (VMI) system to a customer is to best meet the unique needs of the customer’s manufacturing operation. First, we listen to what the customer’s objectives are, and what things could be improved upon. Then, we tailor a VMI system to meet the specific needs of the customer, also considering where their operations are located globally and the volume of different parts consumed at each plant.

VMI, Consignment, C-class/3PL

Our goal as a global fastener provider is to provide a complete solution offering that meets the fastener needs of our manufacturing customers with the goal of efficient, cost effective manufacturing.

We strive to partner with our customers by integrating into their manufacturing operations at the plant level, and integrating into their procurement team at the corporate level. We achieve this by providing an inventory management solution tailored to each customer’s unique needs paired with local offsite warehousing. And we integrate with our customer’s procurement team by providing advanced reporting capabilities to allow timely response to any changes at the plant level.

Vendor Managed Inventory – Capabilities

Areas Covered

• Worldwide

Having accurate and timely information is critical to running an effective manufacturing operation, so we strive to offer reporting that is tailored to meet the unique needs of our manufacturing customers. Our advanced reporting capabilities offer increased efficiencies and help keep our customer’s lines up.

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: