Inventory management and control involves substantial costs to businesses in a wide range of industries. From manufacturing to construction, renewable energy and railroad, countless companies in many industries rely on a fastener distributor to help keep those costs in line.
The Just In Time Inventory Management Philosophy
Unless a business is purely service, inventory is required to assemble, install or manufacture a product. And Just In Time (or JIT) inventory management provides those necessary elements as required, reducing the need to stock excess inventory and invest in large warehouses.
Other forms of inventory management include VMI (or vendor-managed inventory) and CMI (or customer-managed inventory). Both require sizeable investments and a greater level of risk when compared to JIT. However companies that use JIT need to be well organized and connected with a variety of reputable suppliers in order to make this management system work.
How Your Fastener Fits Into the Picture
Many businesses buy into JIT, shaving expenses and improving their bottom line. When it comes to fasteners used in the assembly and manufacturing processes, companies need to hook up with a reputable fastener distributor. Sourcing fasteners quickly and affordably is difficult without the dependable help of a distributor.
A good relationship with your fastener distributor means access to the necessary supplies on time and for a reasonable price. Fasteners tend to have a minor role on material lists, but play a major part in the assembly and manufacturing of countless products. Without the right fasteners delivered right on time, your business will grind to a halt and the JIT philosophy will crumble.
Find a fastener distributor with offices and warehouses nearby to facilitate immediate delivery. Distributors with 24-hour access (via phone or web) provide around-the-clock service, allowing you to place orders when it suits your business schedule.
Consider the distributor’s size, and how long they’ve been in business. Do they deal mainly with imported product? Have they experienced shortages in recent months, blocked by import duties and other issues? A medium to large distributor often offers shorter lead times, although smaller distributors provide valuable personalized service. Established distributors have ways to find your fasteners fast, and can help you to navigate new waters when developing products and expanding your line.
Just In Time inventory management is used by many businesses across North America, providing cost-cutting measures and supporting healthy growth in a variety of industries. Your fastener distributor provides vital help with JIT practices. Talk to a distributor rep today about how this type of inventory management system will work in your company.
Started her career in the fastener world in 1991 working at Melfast as a receptionist, also handling clerical duties. Later on she began training in sales and also taking on purchasing duties. She is currently responsible for all purchasing and also is responsible for the sales of many accounts of Melfast.