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Presentation by Greg Carter, Electrical MarketingPrepared for EECO (Electrical Equipment Company)
electricalmarketing.net | [email protected]
What You Should Know About
Vendor Managed Inventory
Ready for a VMI Managed Storeroom?
What you should know…
Presentation by Greg Carter, Electrical MarketingPrepared for EECO (Electrical Equipment Company)
What’s Your Current Storeroom Inventory?
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If your storeroom has a lot of expense items (non-inventory), a Vendor Managed Inventory (VMI) solution can save time, reduce costs while improving availability of parts.
According to EECO Storeroom Management Survey, other items include:
Ballast, conduit, fittings, solenoid valves, tape, stack-ons, electronic parts, float switches, gearboxes, power supplies, proprietary OEM parts
Storeroom Inventory Breakdown
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Prepared by Electrical Marketing. www.electricalmarketing.net
Getting Ready for Storeroom Assessment
FirstAn on-site assessment will determine if a VMI is right for you. A VMI is best for storerooms with parts that have frequent turn rates.
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On-Site Storeroom Assessment
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High Turnover Storeroom PartsNext The Vendor will categorize high turnover items for possible inclusion in VMI.
Parts classified, assigned bin locations. Slow movers (OAN, DNRs) may be handled outside VMI.
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Parts bins are labeled and barcoded for easy identification.
“Right part, right time, right price”. Organized storerooms minimize labor for finding parts.
Inventory Barcoding, Labeling
3 – 6 MonthsThe VMI Vendor will review for stock outs, excesses, urgent order instances.
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Electrical Storeroom Review
Min/Max levels change over time. A review helps anticipate these situations.
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Electrical Storeroom VMI Assessment
Parts Assessment
• History• Classification
Is VMI Right for You?
• Manage OAN or DNR?• High Turn Only
Storeroom Assessment
• What’s Happening?• Adjust
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Electrical Storeroom Self Evaluation
Spend 5 minutes, get a check up on your MRO storeroom.
If you haven’t done one in a while, this online storeroom evaluation will help.
Electrical Marketing specializes in e-Business content development exclusively for the
Industrial/Electrical Supply Chain.
Jump-start your e-Business electricalmarketing.net
Prepared by Greg Carter, Electrical Marketing. www.electricalmarketing.net
