A C-Class Components Success Story
Challenge
An energy and utilities company faced significant challenges in managing costs. Buyers were stretched thin, tasked with controlling inventory, ensuring the production line stayed operational, and finding cost-saving opportunities—all at the same time.
Solution
Martin Supply collaborated closely with the customer through a series of meetings and tailored proposals. Ultimately, Martin took full responsibility for the procurement, stocking, shipping, and line management of two high-use C-class components. This comprehensive approach streamlined operations and alleviated the burden on the customer’s buyers.
Results
Martin’s solution delivered exceptional results. The customer’s owned inventory was reduced by over $690,000 through a combination of consignment and strategic supply chain management. Additionally, Martin’s sourcing activities achieved an annual cost reduction of $30,000 for the customer.
Key Takeaways
Inventory Optimization: Consignment and supply chain activities reduced owned inventory by over $690,000.
Cost Savings: Improved sourcing resulted in $30,000 in annual savings for the customer.
Operational Relief: By taking over procurement and line management, Martin allowed the customer’s team to focus on other priorities.