Vendor Managed Inventory

VMI2 (1)

The Right Partner is Critical to VMI Success

As competition intensifies and every dollar is scrutinized, manufacturers must focus their attention on their supply chain. Partner with Martin to manage and maintain industrial supplies, class C component fasteners and other critical parts with our Vendor Managed Inventory (VMI) services. Martin is experienced, process-driven and excels at finding cost-saving solutions. 

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Martin goes beyond the transaction to become a part of your team, keeping your business running smoothly and making sure you achieve your desired goals.

Vendor Managed Inventory Solutions

A successful VMI program requires several elements to succeed: commitment from management, a well-defined goal for service levels, and tight system integration. We pair that with good reporting and consistent communication to create a VMI program that helps you operate better. To get started, we complete an onsite consultation that examines your current inventory process. From there, our highly specialized team of professionals deliver:

  • Analysis of product mix, stocking levels, and frequency of restocks
  • Implementation of a new, 5S driven process
  • Continued follow up with detailed usage reports for smarter inventory purchasing
Storage bins and racks in a warehouse ideal for inventory management and stock concepts
VMI-Analytics

Vendor Managed Inventory Benefits

Our VMI services offer several financial and operational advantages.

  • Decrease on-hand inventory – Clear minimums and maximums are set to comply with a just-in-time strategy, reducing inventory.
  • Improved pricing – Orders are based on production schedules, lowering the total cost of procurement. Reallocated labor to value-added activities. Martin frees up your plant personnel to work on other tasks.
  • Improved accuracy – Martin ensures bins are properly filled.
  • Increased fill rate – VMI reduces stockouts with process-driven reviews and continuous communication.
  • Lower shipping costs – With a partner like Martin, orders are optimized and economic order quantities achieved at a lower freight cost.

Vendor Managed Inventory Case Study

We help companies lower their total cost of ownership on parts critical to assembly.
To learn more, read one of our success stories.

Integrated-Supply-VMI-Case-Study
Cost Savings $30,466

VMI Case Study

A foundry used drums for scrap material, but struggled to keep the right amount on hand, causing major issues with production. On top of that, they were paying a premium price. Martin Integrated Supply took over management of the customer’s drums, including sourcing and biweekly delivery, saving the customer $30,466 in inventory costs.

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