Vendor Managed Inventory (VMI)

VMI is a supply chain solution where the VENDOR has the responsibility of MANAGING an appropriate on site INVENTORY and supply chain to support the customer's production needs.

Benefits of VMI include:

• Distributor inventory on all agreed items
• JIT order deliveries
• Consolidated/summary invoicing
• Customer or SBS operated
• Reporting capabilities; usage and on-time delivery

Reduced Inventory

Reduce your current inventory by up to 50 percent without causing stock outs!

Most companies have more inventory on the shelf then required. This practice is wasteful and directly impacts the bottom line. As a part of our work, we will:

• Analyze existing inventory and activity
• Identify manufacturing preferences
• Standardize and reduce the number of manufacturers
• Set new, lower reorder points
• Improve overall inventory system
• Stock and deliver inventory on a just in time basis where required

As a part of our inventory reduction program, we help our customers eliminate unwanted excess or surplus inventory and improve overall inventory systems to ensure long-term cost reductions. Our services include:

• Inventory liquidation
• Identification and reduction of obsolete inventory
• Inventory burn-down
• Alternative Savings

Our team will analyze your inventory needs and, where appropriate, recommend alternative products that meet all form, fit and function requirements. It is not uncommon for this analysis to produce price savings of 10% or more.

Process Improvements
When it comes to improving the procurement process and reducing costs, Specialty Bolt has the most experienced team in the country. No other company can match our experience and record of accomplishment.

The cost associated with procurement includes more than the price of the product. In fact, there are many steps, personnel and layers that all add to the cost of procurement.

Our proven system will help reduce costs related to:

• Ordering
• Receiving
• Inventory management
• Payment