Field Notes

data driven inventory Field Fastener

Not having a good handle on your inventory needs can lead to excess and slow moving inventory. Without proper inventory management one can watch their inventory overhead slowly climb out of control.

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conflict-free materials

The sky is clear, the sun is hot. The thermometer in the shade of the foreman’s tent reads 120 degrees Fahrenheit. Mamadou, a local Congolese laborer swings his makeshift pick ax at a large stone trying to dislodge a ribbon of Tin trapped inside.

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engineering

Workflow process. In simple terms, it’s all of the actions needed to turn raw material into a finished/sellable product. But is there only one way to create a finished/sellable product? No, of course not. There are always different ways to obtain the design goal. I like to use this analogy. How many different methods can be used to turn a wet sponge into a dry sponge?

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Field culture

Field has been in the news a lot lately. Field is a distributor of fasteners and other ‘C’ commodities to the OEM market. They are the best in the industry at providing ongoing cost reduction through both technical support services and inventory management systems.

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review and evaluate

Fasteners are often the very last item that is considered when reviewing a new product design when they should actually be one of the first.

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bin stocking

Fasteners are relatively low cost components compared to other products purchasing professionals, production, and engineering teams manage at manufacturing plants. However, they can be very costly, across functional areas, if they are not thoughtfully and strategically handled.

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transitions

Fasteners remind me of that kid at camp who does all of the work: puts out the fire, makes sure there’s plenty bug spray packed for the hike, and patches holes in the canoe. This kid carries the load and is happy to get up every day and do it… matter of fact, she likes it! But, for whatever reason, this kid gets ZERO recognition.

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vendor managed inventory

While the concepts and benefits of Vendor Managed Inventory (VMI) have been relevant for years, both inventory management providers and manufacturers struggle to identify the ROI associated with VMI programs.

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steel tariffs

There has been much discussion regarding tariff sections 232 and 301, but what do they really mean for the fastener industry? To recap, on May 31, 2018, the Department of Commerce announced the imposition of tariffs on imported steel and aluminum products from Canada, Mexico, and the European Union (EU). The 25 percent tariff on imported steel and the 10 percent tariff on imported aluminum ...

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Field NPS Score

Field, a global innovator of supply chain and engineering based cost savings solutions providing fasteners and other direct materials to the OEM market, announced today that they’ve received a NPS score of 73 from their latest customer survey.

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Field groundbreaking

Take a listen to Field President, Jim Derry, talking to Thor Conklin on his podcast, Peak Performers.

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self-drilling screws

Let’s get real for a minute, shall we? At the beginning of your fiscal year when you are given your cost reduction goals, what’s the first thing you do? You probably sit back and relax and pour yourself a cup of coffee, right? Sure, if you do great. But most of us would agree that we sit back and panic for a few minutes.

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