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Managed Inventory

In order to assess suitability for a managed stock system, we initially require a list of the items and the annual usage. The usage is critical because the key to ensuring the correct operation of managed inventory is not the stock you hold, but the additional stock we hold off site.


The process.

An initial meeting to understand the specifics of your business.

Preparation and submission of a full quotation.

Agreement of stock levels and frequency of replenishment.


Final agreement and Contractual engagement.

An initial meeting to understand the specifics of your business.

Preparation and submission of a full quotation.

Agreement of stock levels and frequency of replenishment.

Signing an agreement.


Implementation.

How the system works

In2Components Managed Inventory
  • Each customer requirement is unique and therefore the size, scope and complexity changes with each new implementation. What does not change is our attention to detail.
  • Each item is checked and individually identified to ensure that the correct stock is brought to your site.
  • A dedicated location must be made available to house the stock.
  • For each individual managed item two colour coded bins are loaded with stock. The front bin for production to draw stock from and a back bin as a back up when the front bin is empty.
  • When the front bin is empty it is placed behind the replenishment bin, immediately providing a coloured indication that a bin needs to be re filled. The pick face gives a clear visual indication of the stock status both for the client and for the stock manager.
  • The amount of stock in each bin is defined by the usage and frequency with which the stock manager visits your site. There should be enough stock to cover the time between two visits. The first visit to note that demand (usage) has occurred and the second visit to make the delivery (replenish).
  • At the end of an agreed period, weekly or typically monthly we generate an invoice detailing the items supplied during the given period. This reduces the number of purchase orders and therefore invoices to process.

Want to find out more?
Get in touch

Contact

01527 502211

sales@in2components.com

In 2 Components
82 Arthur Street
Lakeside
Redditch B98 8JY

VAT No.
729356703

Company Registration No.
3713118

In 2 Components
82 Arthur Street
Lakeside
Redditch, B98 8JY

01527 502211

sales@in2components.com