VMI for Commercial Fleet Van Upfitters
The Challenge
We partnered with a leading builder of commercial fleet van upfitters to improve their current fastener vendor managed inventory flow provided by a national account supplier.
Customer VMI Pitfalls
- Inventory regularly over shipped regardless of min/max levels
- Expedited product requirement turnaround challenges resulting in frequent downtime
- Out-of-state individual representation which limited on-site visits and up-close monitoring
- Cost Saving Programs not launched forward
WFS Solution
We designed a customized Vendor Managed Inventory Solution for the customer following personal attention of specific needs. After analyzing their current scenario, we proposed some of the below mentioned strategies:
- Collaboration with Plant Management and Floor Production Staff to promote transparency and full partnership environment
- Just in time inventory guaranteed by local stocking at our WFS facility in order to support production demand
- All customer part numbers were able to be cross-referenced on all labels to ensure the correct material would be placed on the production line
Product substitutions and other cost saving alternatives contributed to an estimated 30% reduction of overall consumable expenses after implementation.