Supplier Managed Inventory Program

Inventory Management   |   Inventory Control  |   Reporting  |   Product Evaluation

Delivering quality products on-time at competitive prices is just part of what we can do for you. Our goal is to minimize your cost without sacrificing product quality.

At Eckart & Finard, one of our goals is to develop innovative programs which offer total lower cost alternatives to those customers who wish to take advantage of such a program. With our Total Lower Cost initiative, we can work with the customer as a team to implement a cost savings program tailored to meet that customer's specific needs. When working toward total lower cost, we address cost of acquisition, cost of possession, and cost of utilization. Once these aspects of business operation have been identified, we then look at where and how costs can be reduced or operations made more efficient.

Inventory Management

Our Double-bin Barcoded Kanban Stock replenishment system (DBKS) reduces costs by streamlining the ordering, receiving, inventory management, and accounts payable processes. This system eliminates both the necessity of storing excess stock and the possibility of running out of stock. All stock is divided into two bins containing the working and reserve inventories, along with a bin label, which contains barcoded data as well as all pertinent visual data (part number, reorder quantity, description, location). When the working inventory is depleted, items can be reordered from the bin label via our remote barcode ordering system. The reserve inventory then becomes the new working inventory; a new reserve will be delivered on our next visit to your site.

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Inventory Control

We can help you to achieve maximum utilization of inventories through usage analysis, setting up storage facilities, setting up safety stock, creating a master database of line item detail, and developing a consigned inventory.

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Reporting

Eckart & Finard can generate reports for customers, which can then be analyzed to determine where improvements can be made. Examples of such reports include:
  • Item usage by location
  • Frequency of buys
  • Stocked quantities
  • Pricing

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Product Evaluation

We can conduct an analysis of the fasteners a customer is using to determine if there are alternatives that would reduce the number of stocked parts through consolidation or reduce the cost of special parts through standardization.

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