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Inventory Management

Jun 26, 2014


Looking to reduce total costs, increase productivity, and avoid critical stock-outs? Your local Fastenal store team can help by stocking inventory locally (so it’s not tying up cash on your shelves) and taking on the burden of inventory management (so you can focus on core activities).

 
Key Features & Benefits

• Ability to deliver to the point of use means less inventory build-up and fewer inventory touches
• Bar-coded inventory with accurate item tracking by location
• Back-up inventory is stocked locally and can typically be delivered within an hour
• Significant vendor consolidation opportunity; ability to supply virtually any fastener or consumable need
• Reduced paperwork through a touch-less reordering process (blanket POs, P-Cards, etc.)


Which Solution Is Right for You?

When it comes to inventory management, we live by two rules: never over-stock you, and never let you run out. Beyond that, it's up to you – your program will be tailored to support your operation and business goals. Here’s a look at our core solutions:
 
FMI (Fastenal Managed Inventory)
Your local Fastenal store provides clean, professional bins and keeps them continuously filled as part of a clearly defined service agreement – no surprises or hidden agendas. The bin labels are vinyl, washable, removable, and include a clear product description and image. Learn how you can get a FREE bin and contact your local Fastenal store today.
 
Production Line Support
Our flexible solutions include process mappings, workstation design, point-of-use replenishment, and just-in-time systems (kanban, 2-bin, etc.) – all backed by local Fastenal store service and our industry-leading sourcing, quality and logistics resources.
 
Industrial Vending
Needed supplies can be “self-served” by employees 24/7, and every transaction is automatically controlled and reported. Your local Fastenal store team monitors the machines online and makes sure they’re always filled with the right products – a completely paperless, hands-free process.
 
In-Plant Location
Looking to make our local service even more local? If it makes business sense, we can set up a Fastenal point-of-sale location (essentially a Fastenal “store”) within your facility. Features include consigned on-site inventory, dedicated Fastenal labor, and Fastenal-managed inventory to the point of use.

Jobsite Solutions
As a solution for remote projects (construction, outages, etc.) we can tailor a jobsite trailer, Conex or gang box managed by local Fastenal personnel and custom-stocked with needed supplies. No matter where the job takes you, Fastenal can keep the product flowing.
 
Dock-to-Dock Delivery
Product is delivered by Fastenal personnel on Fastenal trucks according to a pre-determined schedule – a good fit for union shops, high-security environments, and other sites with limited access.
 
 
Process Mapping/Lean Six Sigma Support
Creating Flow, Eliminating Waste
 
Our nationwide team of Lean Six Sigma Sensei, Black Belts, and internally-trained Blue Belts can work with your personnel to map how product moves through your current system and identify bottle necks, extra steps, and other sources of waste. You’ll be presented with a detailed business plan to create flow, eliminate waste, and reduce the total cost of ownership.
June 26, 2014
Inside this issue
Solutions Administrator

Working as a Full-Time Solutions Administrator, you will responsible for assisting the Fastenal Automated Supply Technology (FAST) Solutions team in clerical and administrative duties. 

Customer Site Warehouse

Working as Part-Time Customer Site Warehouse Support, you will facilitate the movement of product through our customer site. 

Accounts Receivable Support

Working as Part-Time Accounts Receivable Support, you will enjoy the opportunity to participate in a fast-paced work environment focusing on a variety of accounts receivable duties for Fastenal's world-wide locations.