VENDOR MANAGED INVENTORY

An aerospace composites manufacturing company was experiencing product availability issues, long-lead times, and increased costs due to supply chain disruptions. To improve supply chain efficiencies and minimize production delays, the customer sought to consolidate suppliers, reduce shipping & handling costs, reduce lead times, and minimize line-down situations for their high-use products. The GracoRoberts sales and sourcing team customized a stocking agreement fit for the customer’s needs, taking into account high-use products, specifications, consumption rates, and shelf-life and min/max stocking requirements. The new stocking agreement provided the customer a consistent and reliable supply of product to avoid future supply disruptions. Regularly scheduled review meetings with the material manager and GracoRoberts team were implemented to maximize procurement and stocking efficiencies going forward.