Our customers have seen major advantages in using us to manage their inventory, realising that this is a non-core business function and an area which can be run far more efficiently by a third party.
Oxford Bearings Ltd has gained substantial experience in materials management operations. We have the expertise to manage the entire procurement process.
- Source specified materials
- Work with your existing supply chain
- Manage inventory
- Remove obsolete stock cost effectively
- Work with vendors to control OEM supplied equipment
- Provide warehousing
- Timed deliveries to specified locations
- Report on product usage, stock levels, forecasts and deliveries
Vendor Managed Inventory can reduce costs in the following ways
- Eliminates the need for warehousing
- Improves efficiency for stores personnel
- Reduces the need for day-to-day procurement
- Eliminates the cost of slow moving, redundant or damaged stock
- Bulk buying enables economies of scale, which can translate into cost savings for customers
- Vendor Reduction Programme reduces purchasing and administration costs and increase efficiency
- Reduced incoming carriage charges
