What is the new model of VMI for fasteners?
What are fasteners & C-class parts and the new Vendor Managed Inventory model? The answer is: New Vendor Managed Inventory, abbreviated as NVMI. IIIBEAR fastener platform helps customers break through the traditional inventory management predicament of "manual inventory checks, replenishment based on experience, and production halts due to material shortages", and is currently using digitalization to reshape supply chain rules, achieving zero inventory errors, zero replenishment delays, and zero production interruptions in fastener and C-class parts inventory management, thereby enhancing efficiency and reducing costs by approximately 30% in a comprehensive manner.
IIIBEAR has launched the NVMI® intelligent logistics solution. Through its wholly-owned smart cabinet factory, Bear Bit, it has independently developed the Internet of Things NVMI® intelligent material management system. By integrating smart fastener cabinets and smart micro-warehouses for fasteners and other intelligent logistics equipment, it shares the current inventory and actual consumption data of customers' materials. Based on the actual consumption model and trend, it conducts efficient replenishment operations with solid grounds. It can also choose the fastener consignment solution to provide digital intelligent management solutions for the terminal customers in the manufacturing industry, making material management simpler, smarter, more efficient and more economical!
The "Four Major Faults" of Traditional Inventory Management
1. Manual inventory of the black hole: The full inventory process takes several days each month, but the error rate between the book records and the actual items still exceeds 5%.
2. Inventory situation is extremely uneven: The purchase price of urgent materials can be over 200% higher than that of regular materials, while the storage of obsolete materials may occupy more than 30% of the warehouse space.
3. Production disruption crisis: Line shutdowns due to material shortages, with an average loss of tens of thousands or even hundreds of thousands of yuan each time.
4. Out-of-control inventory management： The fixed storage locations set up are difficult to be implemented 100% accurately.
IIIBEAR Fasteners' NVMI® Intelligent Logistics Solution: Five Core Weapons
1. Electronic Tag System
Real-time and accurate display of inventory quantity, improving the efficiency of inventory management.
2. IMOD Intelligent Replenishment System
Based on the consumption trend of customer materials, conduct planned restocking, identify obsolete products, and improve the quality of inventory.
3. Online Warning System
Sharing online warning information for shared materials can reduce communication costs. IIIBEAR can efficiently prepare and replenish goods in advance.
4. Reduce costs
The usage records of each screw are detailed down to the second. Digital management eliminates the need for dedicated personnel to supervise the warehouse, thereby reducing the cost of manual management.
5. Collect materials by swiping the card
One person, one card. This ensures that the usage is controllable and the management is safe and convenient.
The visible benefits of the NVMI® intelligent logistics solution from IIIBEAR fastening: A 30% overall cost reduction
1. Reduce the use of materials that are purchased in excess, distributed in excess, or used in excess.
2. Avoid material shortages and reduce production halts and suspensions caused by material shortages.
3. Eliminate stagnant materials and reduce the loss of materials that have been stored for a long time and are about to be scrapped.
4. Digital management: No need for personnel to supervise the warehouse, no need for manual inventory checks, reducing labor costs.
The saas management system of the NVMI® intelligent logistics solution for IIIBEAR
Inventory status monitoring: Data is presented in an intuitive and visual manner. Inventory quantities are updated automatically and in real time online, ensuring consistency between records and actual inventory. A single click allows for the export of statistical reports.
Intelligent Replenishment Alert: The system automatically issues an alert when the inventory falls below the minimum safety level, and automatically generates a replenishment order.
Record details: The collection records are updated in real time online, facilitating traceability and management.
Lighted picking: LED - Integrated illuminated picking system. This picking system indicates the location of the materials, thereby enhancing the efficiency of material retrieval.
A successful case study of the NVMI® intelligent logistics solution for IIIBEAR fasteners
The Bear Bit NVMI® intelligent logistics solution from IIIBEAR has established partnerships with customers in various industries such as railways, power grid systems, robotics, energy storage, power cabinets, pump and valve water treatment, and motor power, helping enterprises reduce costs and increase efficiency.
IIIBEAR fastener NVMI® intelligent logistics solution project has been successfully implemented quickly.
The customer can complete the win-win cooperation in just three steps:
Express one's intentions, pain points and demands to the IIIBEAR, and clearly define the improvement goals of NVMI.
2. Based on the solutions provided by IIIBEAR, select the appropriate cooperation method according to one's own assets, personnel, and site conditions.
3. After the equipment arrives, provide timely training for relevant personnel on its usage.
If you have any fastener requirements, or if you wish to implement the NVMI® intelligent logistics solution or purchase the fastener intelligent cabinet, please visit the IIIBEAR Website (www.iiibearfastener.com). We provide professional and detailed guidance to help you achieve digital transformation, reduce costs and increase efficiency!
