Top 10 VMI Advantages
1.Improved Customer Satisfaction Through “Quick Turn and On Time Delivery” $$$$$
2. No incoming inspection cost, DOCK to STOCK $$$
3. Eliminate Redundant Testing and Inspection $$$
4. Reduce On hand Inventory $$$
5. Low Cost Kitting $$$
6. Mitigate Obsolescence and Large MOQ’s (Minimum Order Quantity)
7. Reduce Administration and Overhead Costs $$$
8. Increased Inventory Turns (double digits typical) $$$
9. Increase Working $$$ Capital
10. VMI Program costs, more than offset by $$$ Savings
“Our goal is to ensure that our customers get the parts they need, when they need them — and how they need them — to integrate smoothly into their quality assurance and manufacturing processes. That’s why we offer a wide range of processing, testing, stock control, and inventory management services – from the major inventory management methodologies such as Kanban and JIT to value-added testing, traceability, and storage services.”
MICHELLE AUBREY, PRESIDENT, ES COMPONENTS
Vendor Managed Inventory
The industry’s only true, vendor managed inventory system...
We can manage your inventory through our exclusive Vendor Managed Inventory (VMI) program. You’ll work closely with a dedicated VMI program manager and have secure, firewall-protected access to your own inventory and shipping information, with easy-to-understand reports emailed to you on a regular basis. You’ll know exactly how many of your items are in stock, when they’re shipping, and be alerted to any back-orders to avoid manufacturing disruptions. It’s one of the many ways we help our customers maintain delivery, competitive pricing, improve their cash flow, and reduce quality inspection delays.
VMI
Improved cash flow
Increased inventory turns
Reduced quality inspections
Fixed competitive pricing
Detailed reporting status
Dedicated VMI Program Managers
Requirement and obsolescence monitoring
Consignment Programs
Turn obsolete, overstock, and residual inventory into cash
Our market price knowledge ensures you get the maximum value for your products
Tax advantages for inventory write-off
Reduced physical inventory storage concerns
Custom detailed reporting on your current inventory position
Immediate access to your inventory if you need an item
JIT/Bonded Stock
We will bond inventory to your specific requirements
Bonded inventory can be shipped just-in-time
Dock-To-Stock
ES Components is a certified dock-to-stock supplier
Quality ratings approaching 6 Sigma levels
Eliminates internal inspecting
Kitting
Customized kitting program to manage bill of materials (BOM) or hybrid assembly
Store and kit components based on specific requirements
AdvantagesReduce SKUs In Your Warehouse
Lower Transaction Costs
Fewer Returns and Shrinkage
Reduce The Amount Of Packaging Materials
Reduce The Amount Of Floor Space Used
In Your Manufacturing FacilityIncrease Both Internal and External
Customer Service Levels
Kanban Programs
Enhanced operational efficiency
Maintain required bin quantities
Release frequency maintenance