Bristol Hose VMI Program
When you partner with Bristol Hose and Fitting’s VMI Program, we’ll help you find ways to streamline your hydraulic hose and fitting needs. We take a hands-on role in the active management of products we provide, which can help you significantly reduce your inventory and procurement costs. We accomplish this by employing properly trained individuals with modern technology.
Allowing BHF to manage inventory reduces the number of layers in the supply chain, increases stock visibility and reduces overall inventory levels. The BHF Vendor Managed Inventory (VMI) program will result in reduced administrative and operating costs due to fewer order problems caused by bad data, fewer emergency orders due to stock-outs, a more consistent order process which typically lowers total order count by 4% – 6%, fewer returns of “dead” inventory created by lack of collaboration on product replacements and reduced transportation costs due to fewer emergency orders and the ability to recognize order consolidation opportunities.
Benefits of Vendor Managed Services
- Specialized Service: A dedicated VMI Specialist is assigned to each Customer. We can perform an audit on the types of equipment you have and then identify the correct type of product needed. Then our trained specialist can help you determine the correct amount and configuration of each product needed to keep in the customers inventory.
- Organization: To help ensure inventory accuracy we will organize and completely set up your new inventory area at no extra cost. For qualifying accounts this can include new bins with labels, cutting equipment and hose crimping machine and tooling.
- Cost Reduction: BHF will take the responsibility for replenishing inventory, which would include on hand inventory review, ordering, managing the logistics of shipping and delivery, and auditing for reporting purposes
