The Custom was having issues controlling costs. Buyers were tasked with managing inventory, keeping the line running, and looking for cost savings.
Martin met with the Customer and over a series of meetings and proposals took full control over the procurement, stocking, shipping, and line management on two of their high use C-class components.
The results have been tremendous. The Customer owned inventory was reduced by over $690,000 due to a mix of consignment and supply chain activities. Also, Martin’s sourcing activities have resulted in the customer’s cost being reduced by $30,000 annually.