As an Original Equipment Manufacturers or OEMs, you require parts to build the products you specialize in. These parts are valid investments to the operation, for as long as they are within the parameters of demand your customers need. Knowing this demand includes what’s happening in the market at any one time and issues that need to be resolved.
That’s where we at Class C Components come in, fulfilling our specialized role to carry out Vendor Managed Inventory where we gather your Product Activity Report with demand information such as actual sales and transfers as well as data on current inventory including those in transit.
Our VMI software then analyzes the data and produces a recommended order for replenishment. Factors that influence this analysis include forecasts, sales frequency and sale’s dollar velocity that takes into consideration periodicity and frequency or seasonality.You and your supplier go through the review with Purchase Orders for all parties before the order is processed.
This is where part kitting in Minnesota is carried out after an agreement of inventory turns, fill rates and the transaction costs.
Part kitting allows for the streamlining of orders, putting together various related parts to be shipped as one which effectively saves you on cost.
We can move these components for kitting services into a separate location, opening up more workspace for more production. Your productivity can then improve with less need for further labor which also saves you on cost. With our complimentary part kitting in Minnesota area that comes with our role carrying out Vendor Managed Inventory for your plant, you get to focus on your expertise as a specialized OEM.
