Vendor Managed Inventory (VMI) Services

[click to enlarge] Vendor Managed Inventory

At Lawrence Screw, we make your business our business. With a variety of vendor managed inventory services, we'll help you find the system that works best for you. And because 99 percent of our inventory is customer specific, we carry what you need - and we store it for you, too. Lawrence Screw takes care of the logistics, no matter the product, to bring you tangible results, including: Increased Productivity Reduced Waste Reduced Inventory Reduced Operational Costs

Because we take care of everything from quality checking to recycling, you can enjoy a streamlined procurement process-and a competitive advantage. With warehouse locations in Illinois, Louisiana, Mississippi, Texas, Minnesota, Kentucky, Arkansas, Wisconsin, China, and Puerto Rico, we're rapidly expanding our global presence to better serve you, wherever you may be.Look for us soon in Florida.

Lawrence Screw programs are technology-based systems designed to incorporate manufacturing principles into your inventory replenishment process. Lawrence Screw truly manages inventory based on our customers' usage and adjusts inventory levels based on demand, ensuring you have the parts you need to run your business.

We offer custom service based on customer requirements. Lawrence Screw provides flexible VMI Systems that can be developed to meet each customer's needs.

Vendor Managed Inventory (VMI): Eliminates non-value-added activities like receiving, inspection, and material handling while reducing inventory.

Lawrence Screw's 3^rd Party Logistics (3PL): Customer-specific warehousing helps us manage any customer product needs, while utilizing the Lawrence Screw method of supply which provides visibility to the category spend via our customized reporting and other measuring tools. 3PL allows cooperation between the customer's selected vendors and Lawrence Screw. This results in supplier reduction while maintaining technical contact with customer-trusted vendors.

Lawrence Screw manages materials for customers worldwide. We help to save our customers time and money by:

• Reducing inventory levels and investment
• Reducing the floor space required for storing inventory
• Giving back resources being used in the procurement process for class "C" items
• Eliminating shortages by gaining control over inventory fluctuations due to seasonal demand or special job consumption fluctuations
• Improving Supply Chain Management and consolidating suppliers
• Streamlining Accounting processes with consolidated invoices & monthly billing
• Reporting and Performance Metrics

Lawrence Screw has the best reporting capabilities in the industry. The following list of reports is just a sampling of what we provide to our customers:

• Exception Reports
• Inventory Valuation Reports
• Usage Reports
• Non-Usage Reports
• Inventory Turns
• Defective Parts Per Million
• On-Time Delivery
• System Overview

Vendor Managed Inventory - Capabilities