Fasteners of all types are used in a wide range of industries from manufacturing and fabrication to construction, equipment manufacturing, and service industries. When looking for nut and bolt suppliers to provide these necessary components of the business, determining which company can offer you the best in supplies and additional services and savings is always time well spent.
One Supplier for All Parts
A significant challenge for many OEMs is having to deal with multiple nut and bolt suppliers. Often companies providing materials tend to carry the most common sizes and options in nuts and bolts, but when rarely requested items are required, the delivery becomes more problematic.
This results in OEMs using multiple suppliers, each with their own area of specialization. Not only is this inefficient and ineffective for the OEM, but it means dramatically increasing the time required to place orders, manage inventory, coordinated receiving and entering parts into inventory and also in paperwork management.
By working with one supplier for all required materials and components, there is also less risk in order errors and oversights. Additionally, the supplier becomes familiar with the needs of the OEM, which makes the working relationship stronger.
Lower Costs
With one supplier there is less cost to supply chain management and also fewer logistic issues. By choosing a VMI or Vendor Managed Inventory system from nut and bolt suppliers, costs of maintaining the correct inventory levels can be dramatically cut. Additionally, and this is critical for OEMs, there is a plan in place to prevent issues with inventory shortages that can impact production, services, and the ability to maintain production requirements.
Utilizing the technology used in VMI systems is another cost and time-saving feature to consider. Manual inventory counts and ordering can be eliminated, allowing your staff to focus on production and process rather than on counting and paperwork.
