services/inventory-management

Inventory Management

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Vendor Managed Inventory

Mi Fluid Power Solutions can provide a customized program based on our customer’s specific needs. By working with us, customers can expect the following:

Benefits

Optimize necessary inventory for operation
Reduce processing costs and increase efficiency through fewer invoices
Improve profitability by optimizing inventory costs
Eliminate manual efforts and multiple handling of product
Reduce human intervention and errors
Focus on eliminating non-value added costs/deploy people away from inventory management
Accurate and automated data collection

Optimize inventory management. Improve profitability.

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Inventory Management Solutions

Opportunities:

Reduce inventory levels
Increase inventory turns
Reduce inventory carrying costs
Reduce procurement costs
Increase on-time deliveries
Work towards error-free order entry & processing
Gain space savings within the facility

Inventory Management

Mi Fluid Power Solutions can provide a customized program based on our customer’s specific needs. By working with us, customers can expect the following:

Benefit statements:

Will help customers efficiently identify, organize, optimize and manage inventory
Cut costs associated with maintaining and issuing spare MRO parts so there is no need to look for parts that may or may not be on the storeroom shelf
Assist personnel in optimizing your storeroom management process
Analyze usage history
Establish minimum and maximum replenishment levels
Identify overstock and under-stock inventory
Inventory rationalization processes