Austin Hardware® Resource Center

Inventory Management Reporting and KPI's

Posted by Austin Hardware on Jun 11, 2019 10:09:33 AM
     The Importance of KPIs The use of impartial, dispassionate data to measure business success is critical. It reassures you when you’re doing something correctly, and helps you make adjustments to your plan when needed. These metrics, often referred to as Key Performance Indicators (KPI's) apply...
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Topics: Vendor Managed Inventory, Warehouse Management, inventory management

How Does Custom Kitting Work?

Posted by Austin Hardware on May 17, 2019 3:43:00 PM
How does custom kitting work? Inventory kitting, custom kitting or bundling products together is a strategy that allows businesses to save time and money. Instead of buying products one by one, kitting is a way to buy all the parts and products you need – say for manufacturing a good – therefore...
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Topics: Vendor Managed Inventory

Reducing Lead Times

Posted by Austin Hardware on May 9, 2019 11:00:00 AM
Reducing Lead Times Why should you focus on your business' lead times? It's important to ask yourself this question, especially if your business is serious about getting things done. When it comes to your supply chain, reducing lead times is essential if you want real performance for your business....
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Topics: Vendor Managed Inventory

Why Your Replenishment Process Needs To Include Vendor Inventory Management

Posted by Rob Dell'Elmo on May 1, 2019 11:00:00 AM
For many companies, a Vendor Managed Inventory program is a better way to handle replenishment. The natural question for you to ask now is … why? What are the benefits of having a supplier manage MY inventory?  In a word … MONEY. Now that’s obviously an oversimplification. But when you break it...
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Topics: Vendor Managed Inventory, inventory management

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...
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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...
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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...
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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...
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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....
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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...
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Topics: Vendor Managed Inventory, inventory management