Industry:
North American Consumer - Industrial Manufacturer
Application:
Application: Inventory & stocking programs
Opportunity:
With this project, FCT faced unpredictable customer demand for products against challenging lead times on both ends. Our direct customer’s needed to offer their customers short lead-time in an unpredictable sales cycle. FCT in turn, needed to offer short lead-time in spite of this unpredictability and long lead-time for material used on the flex circuit.
Solution:
FCT and our customer resolved the procurement challenge by working closely with the end customer’s procurement department in mapping out a Just In Time (JIT) delivery plan while utilizing FCT’s inventory/stocking program services. The customer provides FCT with detailed weekly forecast updates along with consumption rates and their on-site inventory status. This allows FCT to properly purchase the long lead materials and plan production batches while supporting overall inventory management. This allows our customer to turn the inventory of flex circuits in excess of 40 times per year without any line down stock outs.
Result:
The ability to provide support to our customer relating to; JIT delivery, support in stocking and inventory management plus more, has led to a close working relationship between our organizations. This value added service helps our customer to meet their production schedules and end customer needs without the worry of getting caught in a line down situation. By providing the customer with value added services we have been able to develop a long term relationship that continues to grow for both of our organizations.
