Vendor Managed Inventory
Service Detail from bisco industries
Customized Vendor Managed Inventory
When it comes to managing your supply chain vendor managed inventory (VMI) can have a significant impact on the bottom line. Imagine reducing the cost of carrying inventory, replenishing stock automatically, and customizing packaging all in one solution. That’s just a flavor of what a customized VMI program from bisco industries can offer.
At bisco we customize each and every VMI program to meet the unique needs of your business and help you improve profit margins. Here are 3 popular VMI features to help you meet your business challenges:
1. Demand Forecasting
Utilizing data from an electronic data interchange (EDI), bisco can develop demand forecasts to help ensure inventory is always available. Key data needed to develop accurate demand forecasts include current and historical sales volume, production volume, and inventory levels (on-shelf, in-transit, on-order).
2. Bin Stocking
In a classic two bin bin stocking system, bin one is stocked with parts for consumption while bin two contains reserve stock that ensures a line down situation does not occur. Inventory levels can be tracked using barcoding and EDI systems or by onsite checks at regular intervals (i.e. twice per month).
3. Kitting
bisco will review your bill of materials and package items together to provide production ready kits. Single line item releases reduces vendors, SKU’s, inventory, inspection, transaction and acquisition costs. Additionally, kitting streamlines procurement and speeds up the manufacturing cycle.
Working at bisco industries
bisco industries, a leader in electronic component and specialty fastener distribution, is growing and looking for friendly and knowledgeable people to join our team. Come join one of North America’s Top 20 Electronics Distributors where we believe that employees are our greatest asset. We have sales offices throughout North America and are expanding offices internationally. We believe in promoting from within and as a growing company, the opportunity to move up our corporate ladder is great. Imagine being the leader of your own sales group in a matter of only a few years. Check out current job listings
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bisco industries
bisco industries is a premier distributor of Electronic Components and Fasteners used for production in Aerospace, Communication, Computer, Fabrication, Industrial Equipment, Instrumentation, Marine and Military Industries. We strive to be our customers' sole supplier of electronic components and fasteners by being a local presence, providing exceptional service and offering one-stop-shopping.
In addition to having a broad line we provide unsurpassed customer service. While other distributors refer smaller customers to call centers, bisco industries understands that every customer deserves personalized service. That is why every inquiry will be directed to a trained sales professional knowledgeable in a specific category, who will be able to quote, give feedback or reference an alternative item within four hours. Our excellence in inventory management enables us to pass down cost savings to our customers. Product managers constantly analyze our stock and usage trends to ensure that we have the parts our customers need in stock, shortening lead times and improving costs.
Today, bisco industries, Inc. employs over 500 employees at forty-nine (49) locations. These facilities are strategically located throughout the United States and Canada to offer local service, one-stop-shopping, and ensure fast delivery and availability to our customers.
Value Added Services
bisco's Value Added Services provide solutions for streamlining all steps of your procurement process, from designing in to shipping out. We offer a wide range of value added services that will streamline your purchasing and supply chain operations. These services can lower your purchasing, receiving, and accounting costs drastically while allowing your employees to concentrate on more important job functions. Whether your company uses an MRP, Kan Ban, or Just-In-Time system, bisco industries, can integrate a value added program to save your company time and money. Most importantly, we understand that your needs are specific to your organization and we tailor our programs to meet your unique requirements. By deriving your program from one of the below programs or generating an original one, bisco industries will establish a value added program that works for you. Call your local sales office for more details about setting up a value added service with your company.