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Home » Industries » Fastener Distribution
Fastener Distribution
The fastener industry faces the complexities of long lead times, regional warehousing, consignment inventory, heavy yet inexpensive items, and dealing with rework.
Key Absolute Value solution elements for the Fastener Industry
| Almost every fastener in the world is made in China. |
Forecast handles long lead times. Net Time Phased Expected Inventory function provides view across time for accurate replenishment. |
| Heavy product is expensive to expedite and/or move. |
Absolute Value helps you buy for one vendor, across multiple warehouses, by location with the appropriate replenishment paths. |
| Inaccurate forecasts |
Choose customers and items on which to collaborate for large construction projects. Let standardized forecast handle the statistical stocking levels. Absolute Value will reforecast the past by item to select the best forecast formula going forward. |
| Too often the wrong inventory is on hand or the right inventory is out when needed. |
Buy based on the sum of statistical and collaborative forecasts. Absolute Value further refines the forecast with taking lead time into account. |
| Need to forecast by reworked item. |
Absolute Value handles forecasting for kitting. It also forecasts at the finished goods level, taking the BOM into consideration, to provide better visibility to explode components and greater accuracy for future orders. |
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