Efficient inventory management is the backbone of any manufacturing business. Yet, many organizations still rely on outdated systems that lead to inefficiencies, higher costs, and operational bottlenecks. At Field, we understand how these challenges can weigh on your operations, which is why we have built our business around Vendor Managed Inventory (VMI) systems that deliver significant cost savings and operational improvements for our customers.
This blog takes a closer look at a real-life example of how Field helped one customer revolutionize their inventory system, resulting in improved efficiency, enhanced accuracy, and a noteworthy annual savings of over $50,000.
Rethinking an Outdated System
The Customer's Previous System
When Field was approached by a manufacturing customer to review their inventory management system, we immediately recognized the inefficiencies in their existing process. Here’s how it worked:
This setup created a ripple effect of inefficiency that impacted the assembly team, wasted valuable time, and required resources that could have been better allocated elsewhere.
Centralizing Efficiency with Field's VMI System
Recognizing that the existing system was slowing down operations, Field designed and implemented a custom centralized line-side VMI system tailored to the customer’s specific needs.
How the New System Works:
The Results of Implementing Field's VMI System
The transition to Field’s centralized line-side VMI solution delivered game-changing benefits for the customer. Here’s how the improvements broke down:
Improved Inventory AccuracyField’s VMI team effectively managed inventory levels, increasing accuracy and providing real-time visibility into stock availability. This boosted the customer’s confidence in their inventory system and virtually eliminated the errors that previously plagued their operations.
Operational EfficiencyBy moving stock closer to the assembly line and empowering operators with easy access to parts, downtime waiting for components reduced significantly.
Repurposed WorkforceThe former crib attendant, who spent their days shuttling parts, was reassigned to a role with greater value to the operation, maximizing workforce productivity.
Cost SavingsThe new system led to cost reductions that exceeded $50,000 annually, thanks to better inventory management, reduced labor costs, and smoother operations.
Strengthening the Partnership
Field’s approach to inventory management extends beyond transactional solutions. By working closely with the customer and maintaining transparency, we earned their trust and became a valued partner in their supply chain.
Testimonial from the Customer
“Field is an extremely easy supplier to partner with. They are always willing to do whatever it takes to meet our needs and offer alternate solutions when what we are asking isn’t possible. Whenever there is a problem, question or concern, they communicate that to us immediately so a solution can be worked out before it affects production. We value their expertise in the fastener industry and appreciate suggestions they have made to us for continuous improvement.”
Master Scheduler
Why Vendor Managed Inventory Systems Matter
A Vendor Managed Inventory (VMI) system is more than an operational upgrade; it’s a strategic advantage in a competitive marketplace. Here’s why businesses should consider partnering with an experienced VMI provider like Field:
Reduced Inventory CostsLowering inventory levels without compromising availability leads to significant cost savings.
Enhanced EfficiencyCentralized and tailored systems ensure parts are available when and where they’re needed, improving assembly operations.
Time SavingsProcurement and replenishment processes are managed by the supplier, giving in-house personnel the time to focus on high-impact tasks.
Stronger Supply Chain PartnershipsA well-managed VMI program fosters collaboration and trust between suppliers and buyers.
Take the Next Step Toward Smarter Inventory Management
At Field, we believe every business deserves an inventory system that supports its growth, reduces inefficiencies, and drives cost savings. With our data-driven approach, tailored solutions, and dedicated team, we’re here to help your organization succeed.
If you’re ready to streamline your operations and achieve measurable results, contact us today to learn more about how our Vendor Managed Inventory systems can transform your business.