An energy and utilities customer faced challenges with high costs and inefficient management of custom parts. Without a clear strategy for global sourcing, the customer struggled to optimize their fastener procurement and material flow.

Martin Supply conducted a complete overhaul of the customer’s fastener spend and material flow. Collaborating with the customer’s engineers, Martin standardized and consolidated the SKU mix, significantly reducing complexity. Leveraging its global network, Martin sourced cost-effective suppliers for the customer’s needs while managing the existing supply chain to minimize financial disruption. Onsite fastener management was also transferred to Martin to enhance logistical efficiency.

Martin’s solutions delivered transformative results:

• SKU Reduction: Eliminated 146 SKUs from the fastener mix through standardization and consolidation.

• Cost Savings: Achieved $240,000 in annual savings through global sourcing.

• Improved Logistics: Managed $113,000 of existing orders during the transition, reducing financial impacts, and eliminated the need for two material handlers.

Significant Cost Reduction: Standardization and global sourcing saved the customer $240,000 annually.

Operational Efficiency: Martin’s logistics management streamlined processes and eliminated the need for two material handlers.

Simplified Inventory: SKU consolidation reduced complexity and improved material flow.