Austin Hardware® Resource Center

Vendor Managed Inventory Control Options (VMI)

Posted by Rob Dell'Elmo on Apr 26, 2019 11:00:00 AM
There are a number of options, and plenty of decisions to make for companies considering a Vendor Managed Inventory (VMI) program. Depending on a company’s goals, budget, and available resources they’ll have to decide on the type of VMI program, to what extent the VMI provider’s personnel will be...
Read More

Topics: Vendor Managed Inventory, inventory management

What is VMI or Vendor Managed Inventory?

Posted by Rob Dell'Elmo on Apr 22, 2019 9:30:00 AM
For many companies, a Vendor Managed Inventory program represents a better replenishment strategy. Vendor Managed Inventory (VMI) is exactly what the name suggests. A program in which one of your vendors acts as a partner who takes on the day-to-day tasks and responsibility of managing your...
Read More

Topics: Vendor Managed Inventory

Two Bin Stocking System - Warehouse Inventory Management

Posted by Austin Hardware on Apr 17, 2019 9:50:00 AM
Are you a manufacturing company? If so, does your business depend on inventory to get by? If you answered yes to one or both questions you might be familiar with a two-bin system. A widely used inventory management system, a two-bin system basically deals with two bins to help you or your team keep...
Read More

Topics: Vendor Managed Inventory, inventory management

Vendor Consolidation

Posted by Austin Hardware on Apr 11, 2019 12:59:00 PM
  If you’re considering vendor consolidation, you should consider that it is one of the easiest ways to control your supply chain. You are basically drastically reducing the number of vendors you deal with, therefore simplifying your business. Let’s face it, there are a lot of things that need to...
Read More

Topics: Vendor Managed Inventory

Inventory Management Software - Why You Need It!

Posted by Austin Hardware on Apr 8, 2019 12:57:00 PM
Why Do You Need Inventory Management Software?   Inventory management is a crucial part of your business and having a solid system in place to help you run business is as important as your inventory. If your business depends on inventory you need to be sure that you are running things smoothly....
Read More

Topics: Vendor Managed Inventory

Inventory Management | Non-Consigned Vendor Managed Inventory

Posted by Rob Dell'Elmo on Apr 2, 2019 11:00:00 AM
There are two types of VMI program – Non-Consigned and Consigned. Both Non-Consigned and Consigned VMI programs offer customers a similar list of benefits, which you can read more about HERE. In a Consigned VMI program, the inventory is put in place, but the customer doesn’t pay for it until it’s...
Read More

Topics: Vendor Managed Inventory, inventory management

What is Production or Manufacturing Inventory?

Posted by Austin Hardware on Mar 29, 2019 12:00:00 PM
What is Production Inventory? If your business produces a finished good, then you may be familiar with the concept of production inventory. Simply put, production inventory is the amount of goods you have on hand to complete the manufacturing process. It’s all the parts and supplies your business...
Read More

Topics: Vendor Managed Inventory

What is inventory Management?

Posted by Austin Hardware on Mar 26, 2019 12:25:26 PM
    To keep things simple; inventory management is the management of inventory and stock.  If your inventory is managed properly it will mean you always have the correct levels of stock on hand. This has a lot of benefits for your business. For some, this is easier said than done. However, having...
Read More

Topics: Vendor Managed Inventory

Recap from The 2019 NTEA – The Work Truck Show

Posted by Austin Hardware on Mar 12, 2019 4:12:14 PM
    We’re back from 2019’s NTEA aka The Work Truck Show in Indianapolis, IN. This year’s show was a success, and we were able to meet up with new and current customers, showcasing some of Austin hardware’s new and best products. In addition, we were able to lean in to our team members and product...
Read More

Inventory Management Designed To Improve Your Bottom Line.

Posted by Austin Hardware on Mar 4, 2019 11:02:33 AM
There are many ways that selecting the right Vendor Managed Inventory (VMI) partner can simplify your business and help you to start saving time, money, and improve your bottom line. Let’s break down what VMI is all about.
Read More

Topics: Vendor Managed Inventory, inventory management