Inventory Management

In today's environment, capital for inventory can be hard to access and expensive when available. In addition, inventories are expensive to carry. Capital costs (cost to finance), service costs (insurance, inventory control and taxes), storage costs (warehouse rent, equipment, utilities and handling) and inventory costs (obsolescence, damage, shrinkage and excess) all contribute to inventory carrying costs of 2% of the value of the inventory, per month. These hidden costs can average 25% of the value of inventory, or 1% to 3% of revenue each year.

Inventory Management Benefits

• Reduce capital investment and carrying cost of inventory
• Postpone ownership
• Minimize risk of excess, obsolescence and duplicate inventories
• Reduce the cost of maintaining inventories by paying only for the material you use, as you use it
• Reduce the total cost of ownership
• Minimize the number of purchase orders, returns, stock-outs and time needed to the "invoice matching process"
• Eliminate traveling to distributor's will-call counters to pick up small orders, resulting in lost labor time

• Consigned inventory programs
• Guaranteed inventory availability programs
• Visual replenishment programs
• Just-in-time delivery and replenishment programs
• Inventory buy-back programs
• Vendor Managed Inventory Program (VMI)-Anixter and third-party manufacturers
• Web-based, real-time inventory visibility

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