Vendor Managed Inventory
Fastenal offers custom tailored inventory solutions that help you and your business work smarter and cut costs! Here’s how:
◦ Stocking products for fast lead time and zero stock outs ◦ Create custom bin/storage system that makes your inventory easy to manage and access ◦ Continually adjust min/max levels based on actual usage to suit you
Fastenal’s VMI programs focus on driving out waste and increasing productivity – saving you $$$ 1. 2. 3. 4. 5. 6. 7.
Inventory Wastes Transportation Wastes Processing Waste Waiting Times Waste of Motion Waste from Overproduction Waste from product defects
**Data Based on Industry Research
While we ensure our service will be completely custom tailored, let us provide you with a general overview of our core system options:
◦ Dock – To – Dock ◦ FastStock ◦ Fastenal Assisted Inventory Management ◦ Fastenal Managed Inventory
Dock–To-Dock ◦ Product is provided according to a pre-determined delivery schedule that best suits your company’s JIT needs
FastStock ◦ A Fastenal product specialist delivers product that’s labeled and bar-coded for specific in-plant storage sites
Fastenal Assisted Inventory Management ◦ Fastenal personnel inventory, organize and create barcode labels for storeroom bins and provide your company with scanners to monitor inventory and generate replenishment orders online
Fastenal Managed Inventory ◦ Working at a secure on-site store, Fastenal personnel purchase, receive, inventory and dispense contracted products to your point of use.
Fastenal’s programs are design to track and document total cost savings through our services.
Typically our cost saving programs generate 5-10% in combined cost savings during a one year program
Savings are driven through aggressive process improvement, inventory reduction and product/vendor consolidation
Cut supply chain costs by 50%
Results in just weeks
Anytime Access
Increase productive time
Specific and meaningful reports
Worldwide service network
Fully customizable service
Quality control
Canadian Distribution Centre in Kitchener, Ontario
75,000 sq. Feet serving all of Ontario and across Eastern Canada
Over 160 branches located across Canada ◦ Kitchener - 2 ◦ Waterloo - 1 ◦ Cambridge - 1 ◦ Guelph – 1 ◦ Elmira - 1
International Presence
Over 2000 store locations
U.S., Canada, Mexico, Dominican Republic, Puerto Rico, Singapore, China and Europe
Motorola MC70 Allows our OSP’s to scan, email and send orders wirelessly increasing speed & efficiency
Fastenal Part # 1534 5
Description Customer Part # Min/Max
Indicates Do Not Scan
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Improves efficiency; saves time and money by allowing your employees to work on more productive activities
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Talk to your
Fastenal accounts
representative to discover how your business can save critical $$ through our inventory management services ď ˝
Also, to learn more about which service would best suit YOU, talk to your accounts representative
From Your Kitchener Team! “Growth Through Customer Service”