Fast-Rite International

Vendor Managed Inventory (VMI)

Vendor Managed Inventory (VMI)

Save Money & Time

Reduce warehouse costs, and increase the control and visibility of your inventory with Fast-Rite’s Vendor Managed Inventory programs. Fast-Rite offers a variety of Lean Distribution-based inventory management systems designed to optimize the way you run your business. These real-time programs utilize the latest technology available to ensure accuracy and timeliness. Our vendor managed inventory (VMI) programs eliminate your supply chain redundancies – increasing your profits and lowering your overhead.

With Fast-Rite’s Inventory Management Programs, You Can:

•     Minimize your inventory
•     Maximize your production space, while reducing floor space needed for dedicated inventory stock
•     Eliminate safety stock
•     Manage waste
•     Eliminate MRP
•     Reduce soft costs associated with administration, inventory and expediting
•     Ensure your stock is delivered right to the point of use, exactly when you need it
•     Consolidate purchasing and billing
•     Reduce labor time

Fast-Rite Virtual Inventory System

Fast-Rite’s innovative Virtual Inventory System uses the latest technologies to electronically monitor and automatically trigger replenishment for their inventory. Using the latest in digital bin systems, we can know exactly when your parts reach their replenishment trigger and can prepare the next refill, without walking in to scan the rack. Did the third shift consume everything in bin C5? We will know it, and can react to this immediately. This program can eliminate the need for purchase orders and saves time, freeing up your valuable resources to do other work. This flexible program can be tailored to your company’s specific needs. We can provide the latest in Auto-Managed devices including bin scales, automatic data feed bins. Our calibrated weight-activated bins can calculate bin quantities either by exact count or trigger point. The first is an exacting count of item quantities, allowing an understanding of usage per day. Usage by the user can be tracked also. Reorders are activated upon bin quantity reaching pre-set minimum levels. Our Actylus TM brand bins work by a minimum level trigger point. Upon reaching the minimum the individual bin signals Fast-Rite for replenishment and also lights up for visual confirmation.