Vendor Managed Inventory

Let Us Manage Your Inventory

The goal of Vendor Managed Inventory is to provide a mutually beneficial relationship where both sides will be able to more smoothly and accurately control the availability and flow of goods.
As your Commodity Manager, Bostwick-Braun uses its experienced staff and extensive technology to review your inventory mix and current MRO acquisition process from request to consumption, as well as suggesting profit improvement solutions.

After this research, The Bostwick-Braun Company will compose and present a proposal to assume the responsibility as your MRO Materials Manager.

Vendor Managed Inventory Will:

• Allow your purchasing staff to focus on other responsibilities
• Reduce the number of purchase orders and invoices
• Promote standardization / leverage your spend
• Reduce the number of vendors that you do business with
• Increase inventory turns
• Reduce the amount of on-hand inventory
• Allow for better measurement of usage by cost center within single or multiple locations
• Allow for documented cost savings

Vendor Managed Inventory Services:

• Audit and manage MRO items in your stockroom
• Create stockroom catalogs
• Offer 24-hour sales support
• Provide manufacturer warranty support
• Furnish summary billing services
• Provide inventory reports
• Document hard / soft cost savings
• Hold on-site product and safety seminars
• Gear our inventory to your need

Vendor Managed Inventory Goals:

• Lower MRO procurement costs
• Reduce number of purchase orders and invoices through vendor consolidation
• Automate procurement/inventory management process
• Reduce MRO stockroom inventory investment and Total Cost Ownership (TCO)
• Reduce inventory obsolesence
• Classify inventory type; fast-moving, critical parts, production, etc.
• Establish and achieve Key Performance Measurements (KPM's)
• Review of monthly expenditure reports
• Increase inventory turns