VENDOR MANAGED INVENTORY
Knapp Fasteners Inc. proper and effective management of inventory for our customers can reduce costs involved in carrying inventory, storage space within your facilities, acting on opportunities as they arise, and your time in managing on-site inventory. This is part of our vendor-customer relationship.
Inventory is a significant portion of working capital in most companies. Reducing your
on-hand inventory levels carries a direct increase in the bottom line.
SPACE & OPPORTUNITY COSTS
Overstocked raw materials and work-in-progress take much-needed space away from
higher-value uses such as finished goods and even production space.
Larger inventories often require a much greater level of management and attention.
Internal communication is less frequent and thus less reliable, causing emergency
situations. Rush shipments often carry larger invoice and shipping costs to accommodate
such circumstances, leading to worst-case scenarios such as stock outs and late shipments to customers.
Contact us to learn more about how we can help you with managing your fastener inventory!