Monday, 9 May 2016

Intelligent inventory management!

Anglia Components has launched a new intelligent inventory management service offering vibrant electronics manufacturers a flexible, instantly accessible inventory of commodity components on an invoice at usage basis to support their growth.

The new service aims to give SMEs the competitive advantage they need to compete with high volume manufacturers. Anglia 80/20 offers a new level of flexibility in the supply chain, which was previously only available to large volume users through consignment/Vendor Managed Inventory (VMI).  There is no start-up cost with the new Anglia 80/20 service. Participating customers receive an agreed level of inventory on their regularly used commodity components that are held on their site providing instant accessibility. The level of inventory is scaled according to the customer’s forecast demand, and is only invoiced as it is used. Customers can track component usage in real time through an intuitive web-based dashboard, eradicating the need for manually updated usage reports. Inventory can also be replenished daily, weekly or monthly with monthly consolidated invoicing if required. This simple but effective process is further complemented by a ‘single scan’ booking in system allowing users to book in a delivery containing multiple parts quickly and error free.

Commenting, Steve Rawlins, CEO of Anglia, said, “Anglia is investing for the success of its customers. Anglia 80/20 gives them zero lead-time, zero up-front cost and zero management cost. Using this new service, customers are able to grow quickly and scale rapidly to exploit demand spikes with an instantly accessible stock of commodity components on site without the need to commit valuable cash up-front. Anglia 80/20 is much more flexible than traditional VMI and available to a much wider range of customers. We manage the customer’s stock of commodity parts, reducing errors and streamlining the supply chain, reducing excess inventory and associated costs.”

The Anglia 80/20 web based management dashboard helps customers track stock and manage inventory in the light of changing demand patterns. High or low usage, leading to potential understock or overstock situations are flagged up using an intuitive colour coded system. An amber icon shows the customer that stock levels need to be reviewed and a red icon shows a potentially critical situation requiring immediate attention.

David Pearson, Technical Director of Anglia, added, “Anglia 80/20 goes beyond VMI. We track consumption and determine quantities and times of replenishment to make sure that customers’ production lines run smoothly, eliminating line stops and delivery returns. This is all supported with buffer inventories held in our UK warehouse and supplier pipeline. Customers get peace of mind, knowing that the components they need will be delivered at the right time in the right amount, to ensure that production keeps rolling without excess inventory.”

Features to support customers in managing their supply chain include an auditing and stock take mode, allowing customers to periodically verify the inventory held on their site. This information is then transmitted directly back to Anglia eliminating the need for onsite stock audits required with a traditional VMI system. A management-reporting dashboard is provided that can be customised to provide the information and reports required by each individual customer. Anglia 80/20 offers full transparency of all aspects of inventory usage down to individual part number level with full lot traceability and includes an audit trail of all user activity on each part. Anglia 80/20 is multi-currency, and can handle a combination of Sterling, Euro and Dollar inventory.

Anglia 80/20 covers all of the commodity passive, electromechanical, connector and semiconductor components on Anglia’s 800,000 strong component line card. Customers are issued with a free starter pack including a wireless 2D scanner and barcoded user cards for security, which allow selective authority levels and auditable user information. Anglia 80/20 is free to use and complements the customer’s established business management system. There are configurable, downloadable reports in standard formats that can easily be imported/uploaded to the customer’s own system. Anglia 80/20 customers receive regular contract pricing reviews ensuring that pricing is always competitive.

@angliaLive #PAuto

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