Manufacturer of Aerodynamic devices for dry vans and refrigerated trailers
PROJECT SIZE: $10,000
Sure Stock 2.0: Fast, Simple, and Easy to Use, Scanner System
Large Manufacturer of aerodynamic devices for dry vans and refrigerated trailers. The products are sold to trucking companies and leasing companies, who then hire installers to outfit their fleets.
Rochester, New York
THE SITUATION BEFOREHAND
The Manufacturer has been experiencing tremendous growth over the last three years, but still making all their own installation hardware kits in house (a very complex and time consuming job), which lead to multiple stock outs daily.
SWITCH TO FASTENERS DIRECT
The Manufacturer decided to buy all their kits premade, from Fasteners Direct, which resulted in keeping track of one inventory item, rather than 10. The Sure Stock 2.0 system provided by Fasteners Direct allows the manufacturer full control of stock and provides an efficient way to manage stock.
The manufacturer was able to return loose and mixed up inventory for a credit worth
over $20,000, and are now operating on $10,000.
A COMPLETE LOOK AT THE PROJECT
THE CHALLENGES THEY FACED BEFOREHAND
THE MANUFACTURER WAS CREATING THEIR OWN KITS, RESULTING IN MULTIPLE STOCK OUTS DAILY.
The challenge was that this manufacturer was making all their own installation hardware kits in house. This is a very complex and time consuming task, especially if you do not have the proper software. For example: If a hardware kit has 10 parts, and just one small part is missing, then the whole shipment is held up. This means that the manufacturer has to keep track of all the various pieces as well as supply the needed manpower and quality checks. They were experiencing multiple stock outs daily, causing a great deal of inefficiency and stress.
THE ACTION FASTENERS DIRECT TOOK
FASTENERS DIRECT STARTED MAKING KITS AND PUT IN PLACE SURE STOCK 2.0
Fasteners Direct analyzed the situation and suggested that this manufacturer buy all their kits pre-made. This would result in keeping track of one inventory item instead of 10. Fasteners Direct has the proper software and experience to put the kits together and have them ready as needed.
Fasteners Direct also took back all the loose parts and gave the manufacturer full credit, while installing the new Sure Stock 2.0 system with a scanner. This system empowers the customer to take full control of their stock, and provides an efficient way to re-order parts as they are consumed.
THE RESULTS FROM BOTH TEAMS
THE MANUFACTURER IS NOW SAVING 50% ON FASTENERS.
The manufacturer returned all their loose and mixed up inventory for a credit worth $20,000. This allowed them to use the credit and purchase usable stock and prepackaged kits.
Here's the kicker:
They are now operating on $10,000 worth of inventory instead of $20,000. SDO: They ended up with almost $10,000 extra just because the Sure Stock 2.0 system can replenish stock just in time, saving thousands of dollars in inventory