Can Hodell-Natco’s VMI program really save you money?
Often manufacturers have reservations about switching to a vendor-managed inventory (VMI) program. They wonder if the effort to change is really worth it in cost savings. The answer is a resounding “Yes!” Cost savings can be found in numerous ways and are not just limited to the obvious material cost savings, but also soft cost savings like labor savings, reduced freight costs, and inventory reduction.
There are a plethora of creative cost saving measures to reduce both hard and soft costs for our manufacturing partners. Hodell-Natco’s expert sales team is trained to spot inefficiencies within your fastener supply chain program. They can assess your production needs and recommend ways to save you time and money in both the short- and long-term. Whether it’s spotting a more cost-effective product alternative, or helping you maintain optimal inventory levels- Hodell-Natco’s VMI system will bolster your production output and help improve your bottom line.
But don’t take our word for it! Listen to this short clip from our customer, a global leader in electrical power generation, talk about how Hodell-Natco saved his company a huge amount of money.
In the first year as our partner, this customer saved $250,000 in combined hard and soft cost savings. And because we strive to find ongoing cost savings for our customers, we have found $70,000 – $100,000 in cost savings every year since. We never give up on helping our customers succeed!