Option 1: Vendor Managed Inventory (VMI)
Are you aware of how much product shrinkage costs your business? Are you dealing with too many vendors and spending an excessive amount of time and money placing multiple purchase orders with them? Do your techs make frequent trips to supply houses or big box stores to pick up products, taking them away from billable working hours? Are you looking for ways to standardize the products you carry? If inventory is managing you, choose Barnett to solve your supply chain dilemma.
Barnett’s Vendor Managed Inventory (VMI) solution is a comprehensive on-site supply chain management program that is tailored to meet the demands of your business. You provide Barnett with the warehouse space at your location and we’ll take care of the rest; Barnett’s VMI program allows you to focus on your business while we handle your inventory needs.
VMI program benefits include:
• Significant reduction of required warehouse inventory
• Elimination of warehouse shrinkage
• Cost savings through vendor consolidation and product standardization
• Reduced warehouse labor costs since Barnett will provide an on-site employee • to manage your warehouse
• Fewer purchase orders for additional savings
• Improved inventory tracking and accurate job costing
• Special item sourcing and purchasing
For more information on how Barnett’s VMI program can save you money, please call your Barnett sales representative today toll-free at 1-800-288-2000.
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Option 2: Truck Stock Replenishment
Are you carrying the right level of inventory on your trucks? Do your techs still make too many stops at supply houses and home centers to purchase products? Do you have the right product mix on your trucks? Do you have an accurate record of daily product usage from your trucks?
Barnett developed the Truck Stock Replenishment program to increase your productivity, decrease your carrying costs, and save you money. This program is designed for contractors who do not need an on-site representative, but would still like to reap the benefits of better managed inventory.
Here’s how it works:
1. Your Barnett sales representative will conduct a needs assessment to verify eligibility and ensure that Barnett’s Truck Stock Replenishment program is a good fit with your business model.
2. Standard truck stock lists will be created for each category of your type of service vehicles. These lists provide the foundation for truck bin labels with Barnett part numbers which will be created for placement in each truck.
3. As your business technicians use inventory, they can manually record or scan each of the items as they are used. At the end of the day, the daily usage information is then provided and order information is transmitted to Barnett for replenishment.
4. Once your usage amount has reached a predetermined point, Barnett’s Truck Stock Replenishment program will automatically box replenishment orders for your truck and consolidate the boxes for your next scheduled delivery.
Major benefits to you include:
• Dramatic reduction in inventory carrying cost
• Decrease in inventory shrinkage
• Reduced warehouse labor costs
• Order efficiency and cost savings through product standardization
• True cost savings generated through vendor consolidation
• Additional order efficiency through Barnett’s inventory scanner
Barnett’s Automated Truck Stock Replenishment program requires a three truck minimum. We also offer a Truck Stock Replenishment program for those with fewer than three trucks. Replenishment inventory is received by the contractor and easily distributed to each service technician. To learn more about this version of Truck Stock Replenishment, please contact your local Barnett representative or call us toll-free at 1-800-288-2000.
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Option 3: Customized Solution
If your business model doesn’t fit a VMI or Truck Stock Replenishment program, Barnett will work with you to come up with a unique supply chain solution to manage your inventory. Call us today at 1-800-288-2000 to learn how we can make your contracting business more productive and more profitable.
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