VMI
You are here: Home » Cost Savings » VMI
Vendor Management of Inventory.
|
 |
Maintaining the right stock levels of the thousands of items in the Engineering Stores is the essence of good Facilities Management. Obsolescence, unpredictable usage rates and heavy administration all combine to create a large overhead and low utilisation. They usually come under the collective heading of MRO items i.e. products used in Maintenance, Repair and Operations |
The cost of acquiring MRO products, storage and delivery to the using department will invariably be greater than the purchase cost. FineCal can eliminate some of these and significantly reduce others by monitoring and replenishing items to agreed levels. The product range and complexity will vary by industry and Company. Experience has shown that companies reducing the number of their suppliers and grouping MRO products into five or six manageable areas may be preferable to selecting one supplier across the whole range. This minimises the loss of product and sourcing expertise, which can be very costly if it goes wrong. Therefore we recommend starting with the traditional groupings of MRO items and expand outwards.
- Engineering
- Janitorial
- Office
- Packaging
- Safety
FineCal’s product expertise lies within Abrasives, Adhesives, Packaging, Personal Safety and Specialist Tapes which usually fall within Engineering or Packaging. However we have successfully sourced items for specific customers across the full MRO range and continue to expand product choice and options.
Some of the benefits to be enjoyed working with FineCal include:
- Consumable cost reductions: pricing, procurement, stock holding & back-up
- Storage areas reduced because we offer more in-time deliveries ready for shop floor / production use.
- We can manage your stock requirements and replenish ready for issue.
- We’ll simplify procurement by reducing suppliers and the associated transaction costs supplying you with a purchase report on an agreed and regular basis.
|
What could be simpler… Choose FineCal as your preferred supplier.
|
| |
Contact us on 0117 971 1111 or 029 2046 2644 to enquire or send us a message by clicking the phone. |
 |
back to top