VMI Done Our Way
“Vendor Managed Inventory (VMI)” “Kanban” “Just-In-Time (JIT)” “Platform Management” “Plant Provider” “Supplier Owned/Managed Inventory (SOMI)” “Consignment”
Everyone is familiar with the buzzwords associated with inventory management strategies. The problem with these strategies is that they are universal, and no two facilities are alike. The unique Bamal “Point of Use” (POU) system embodies the best features of each management strategy to form a system that is custom tailored to the client’s unique operating characteristics and requirements.
From raw material to installation, a POU program with Bamal Fastener has many benefits, including:
- Reduced inventory
- Reduced supply base
- Shortened lead times
- Reduced transactional costs
- Minimized obsolescence
- Elimination of incoming inspection
- Elimination of incoming handling
- Reusable containers
- Increase in reporting capabilities
- Increase fill rates
- Increase productivity
- Increased service levels