How much excess inventory clutters your valuable floor space to absorb the long lead times or missed delivery dates your vendors impose?
In order to offset vendors unable to hit lead times, some companies invest in the additional soft cost of storing components, turning vendor inefficiencies into their inefficiencies. What if there was a partner who always had the capacity to manage variable lead times. In this case, purchasing managers were mismanaging inventory as it related to cash. Inventory levels were not investigated to strategically determine the proper levels to keep stocked and quantities to buy. The lack of attention equated to money lost.
In this case, purchasing managers were mismanaging inventory as it related to cash. Inventory levels were not investigated to strategically determine the proper levels to keep stocked and quantities to buy. The lack of attention equated to money lost.
Mainstay works hard to focus on the middle ground of relationships to help capture available cash.
Both Mainstay and the partner can benefit financially with added efficiencies to orders.
This partner was asking for a quote of 1,500 pieces, however, the material yielded 2,000 pieces. The question became, where does the cost for the material of the extra 500 go? At 2,000 pieces, the price per piece is less, creating efficiencies. The partner realized they wanted the 2,000-piece price but only consumed 1,000 pieces each month. Creating a blanket order for 12,000 pieces for the year, Mainstay was able to manage inventory and release 1,000 pieces with a next day lead time.
To the partner, the order was the same as before but now there was a strategic alignment where all parties benefited financially. When was the last time a vendor saved you money?
Mainstay has capacity for variable lead times and eliminates associated inefficiencies. This allows partners to free up precious cash flow and floor space. If you’re tired of overcompensating for vendor inefficiencies request a conversation with Mainstay today.