This can be achieved by consolidating your purchasing, or by utilising a kitting service. Whatever your component requirements are, Arrival Electronics, an inventory management specialist have the solution. In today’s challenging market Purchasing professionals are under more and more pressure to reduce their supply base and their time is precious so by working with us to identify suppliers that are fairly time consuming we are able to offer significant cost savings by offering a consolidated purchasing plan. In our experience we find that, more often than not, a customer will be using a significant number of vendors where each of the vendors are only supplying a few different components. These smaller suppliers can drain the resource quickly from a purchasing department in terms of administration costs, generating multiple requests for quotation, raising multiple purchase orders, progressing and receiving multiple deliveries not to mention the accounts function of matching and processing multiple invoices. As part of its vendor reduction programme, Arrival Electronics can offer a single point of contact for this, reducing many suppliers to just one.
We see the importance of being fully understanding of our customer’s needs and the fact that they want to focus their time, money and energy servicing their own customers to the best of their ability rather than losing valuable time having to progress and manage multiple low volume vendors. By using a consolidated purchasing service it enables buyers to concentrate their efforts on their key products and high volume suppliers. It also has the benefit of removing multiple cost centres. By utilising the component knowledge inherent in kitting or inventory management companies you have the ability to enjoy the buying power of multiple companies and the benefits that this brings in obtaining support from manufacturers that may not necessarily be available to you based on your individual spend and can often result in improved pricing levels. Remember, even if there is parity on pricing there are many overhead costs that can be removed including shipping costs which can amount to a considerable saving. It is not uncommon for companies to spend up to 20% of their inventory value on processing, handling and storage of their inventory and with the consolidated purchasing or kitting programmes available this is significantly reduced whilst improving your on time delivery and increasing your cost performance.
The object of the service is to enhance what your business is already achieving and to become an extension of your business. There are many options available in how to manage a consolidated purchasing or kitting programme most of which are tailored to the customer’s needs. There are many factors to take into account when deciding the best option for your business so why not discuss this in more detail with a company who specialises in inventory management and who is able to enhance what you are able to offer to your customers. It is a service offering that bears no additional costs to your business and is designed to offer flexibility within your supply chain and a reduction in the overall delivery lead time of your end product. There are no cost implications to you in testing the consolidated purchasing or inventory manage programme so why not pick up the phone and put this service to the test! You will be surprised at how effective it may prove!
For more information or to discuss your requirements please call us on 01243 558155, email us at firstname.lastname@example.org or visit www.arrivalelectronics.co.uk. Arrival Electronics is also exhibiting at the upcoming Southern Manufacturing exhibition, visit our team on Stand A26.