Inventory Management
Demand forecasting, safety stock analysis and replenishment.
General details
Inventory management covers demand forecasting, safety stock analysis and replenishment. It is used to keep fastener stock at a level that supports production without excess.
Process
The Seller reviews historical usage and forecasts future demand, then sets safety stock levels. Replenishment orders are placed to maintain those levels, often through a two-bin or kanban system.
Materials handled
This service applies to fasteners in steel, stainless steel and aluminium. It is often used for consumable parts and can cover consignment stock held at the Buyer's site.
Capacity
Ask about the forecasting method, the review period, and the rules for safety stock. Ask how consignment stock is counted and invoiced.
Certifications
Certifications held by our suppliers
These belong to the companies that supply us, not to this service.
- bizSAFE Level 3
Quality control
This is a general guide to what to ask for, and it is not a statement from any supplier.
Ask for a certificate of conformance for replenished stock. Check that stock counts are accurate and that part markings remain legible.