
The Benefits of Min/Max Inventory Management in 2022
Summary: A definitive guide to setting stockroom min/max levels based on actual usage data from the point-of-use. This article defines ...
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M and L Electrical used to struggle with an ongoing problem of purchasing more material than was truly needed for each job. Inefficient processes like hand-counting inventory and eyeballing estimates for how much material was needed left M&L with costly overstock.
Finally, they found the eTurns TrackStock VMI app through Rexel, one of their vendors. "With eTurns, we're able to track every aspect of our inventory. We get alerts when items reach a minimum level so we know to order more. I can always see current inventory and track usage, and the app is easy to use," says Barron.
Jason has advice for other contractors who may be choosing an onsite inventory app:
Before eTurns allowed Barron and his team to more precisely view their inventory levels and usage, they were stuck in a guessing game. With eTurns, they can track usage with one QR code scan, set min/max levels, and get email alerts on when to reorder. "We used to have to send five or six POs every week. Now with eTurns VMI, we're down to only one a week and it is sent through the app." The eTurns app allows Barron's team to review suggested orders and tap to send.
When Rexel came to M&L offering VMI inventory management with the eTurns app in a consignment model, it was a game changer. On top of saving time and money tracking inventory and placing POs with eTurns, M&L also saves on carrying costs thanks to their vendors' use of consignment inventory. Using the eTurns app, the team at M&L simply scans inventory as they remove it from the trailer for use. At the end of the job, they only pay for what they've used. "Where eTurns has saved me the most money is that it lets me give my inventory back to my vendors at the end of every job because it provides accurate consignment usage reporting that my vendors and I can trust." "We really value getting consignment inventory from our vendors, and I don't see how that could be possible without eTurns."
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