


HOW A VENDOR-MANAGED INVENTORY INSULATES YOUR SUPPLY CHAIN FROM RISK The electric engineering industry faces a conundrum. Lead times and costs for essential   rely on tight time margins and limited buffers to remain operational. Solving this takes a  both mitigation and risk insulation.  engineering supply chain continues to surge.  prices for key grid components and lead times  “material bottlenecks across multiple industry sectors.” 


 nearly 48 per cent in the past 60-days. Such  placing pressure on deliveries and adjusting   on-order costs. Lead times are also increased when


component manufacturers face capacity  to limited mining infrastructure and vehicle  the copper market tighten in such a way that manufacturers are unable to keep up with demand. These shifts in production conditions 


34


 


By Kristen Beadle, Business Development Manager, WireMasters


especially when projects progress quicker than expected. Product use becomes misaligned  teams exposed when procurement does not adjust at the same time.


SECURING SUPPLY CHAIN PROTECTION WITH VMI VMI provides a practical response to these challenges. The model itself is built around   usage at customer sites and update these client  provide transparent data accessible through online portals that mirrors how the information is used by internal inventory specialists. Using VMI to check stock and incoming shipments gives customers a clear view of these procurement details. It also helps engineering and design teams understand how  teams can use tailored reports supported by 


 


 manufacturer status all in one place. This not only streamlines the procurement


  systems that depend on reliable component  downtime.   50-week lead time on a specialised cable with  which presented an evident risk to production schedules.   precision and operational continuity. But for  a successful program remains. As a supply    downs with expert oversight so clients do not have to worry about quality missteps.


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