Vendor Managed Inventory Solutions for Companies in New York, New Jersey, Delaware, Pennsylvania & Nationwide
Purchasing the tools, equipment, and other industrial supplies your business needs to run smoothly on a daily basis can be a time-consuming, costly process. Dealing with multiple vendors, managing dozens of purchase orders and invoices, and tracking shipments and packing lists all can create inefficiency in your business processes and cost you time and money. However, Vendor Managed Inventory (VMI) solutions from Muenz-Engineered Sales Company (MESCO) can help you streamline the entire process for ordering, purchasing, and stocking the supplies you need.
Here's a quick look at how our Vendor Managed Inventory solutions can optimize a typical company's purchasing processes. Let's say your company orders supplies from many different vendors. Whenever you place an order, it might get sent from your shop floor to the purchasing department and put out to bid. After speaking with your vendor(s) about pricing, you choose one to do business with. Then you enter the order, and the vendor processes, ships, and bills it. Your accounting department then has to match up the packing list with the purchase order, and the invoice, then issue payment.
All of this activity creates costs up and down the supply chain. In fact, at MESCO we've found that the cost of a tool or product is often less than 5% of the total cost of generating a purchase order. The real costs come from the procurement, carrying, and processing of the products, which can average roughly $250 per order. However, our Vendor Managed Inventory solutions can cut out many of the redundant and costly steps in the process. By serving as your "one-stop shop," we can cut down on purchase orders and invoices, consolidate your purchases into a monthly or bi-monthly system, and put an end to the tedious task of reconciling packing lists. Our system generates reports that can tell you exactly when items are received and gives you a single invoice to pay – not dozens. In short, we can help you eliminate many of the steps involved in procuring the supplies you need – steps that often waste precious time and money.
Best of all, when you trust our Vendor Managed Inventory solutions, you'll be creating a firm relationship with a partner who values your business and wants to help you solve problems and save money. Our team has a wealth of experience in Integrated Supply and VMI, we offer a comprehensive inventory of industrial supplies, and we place the utmost priority on the satisfaction of our customers. To supplement our VMI software packages, we also offer comprehensive tool crib management and other inventory management systems.
To learn more about Vendor Managed Inventory solutions from MESCO and how they can help streamline your business and cut costs, contact us today. We'll also be proud to tell you about the wide variety of industrial supplies we offer, including industrial adhesives, industrial abrasives, PPE equipment, and so much more.