Inventory Management

Many of our OEM customers elect to receive their product via a Fastenal Managed Inventory program. With this approach, your local Fastenal service team will monitor your usage patterns and upcoming production needs, stock product locally and regionally to anticipate your demand, and continually provide just the right amount, when and where it’s needed in the facility, minimizing interruptions and your total cost of ownership.

Key Advantages of a Fastenal-managed program

  • Decades of inventory management experience with hundreds of thousands of OEM customers.
  • Up to daily inventory turns to support your inventory reduction goals.
  • Our ability to deliver to the point of use means less inventory build-up, fewer touches.
  • Locally-stocked emergency inventory can typically be delivered within the hour.
  • FMI bin-stock program – free bins based on clear, up-front service agreement.
  • Bar-coded inventory with accurate item tracking by location/GL code.
  • Reduced paperwork via a ‘touch-less’ reordering process (blanket P.O.s, P-Cards, etc.).
  • 125+ dedicated implementation specialists to manage a seamless transition.

Lean Six Sigma Support: Creating Flow, Eliminating Waste

Fastenal’s team of Lean Six Sigma specialists are available to participate in Lean events and support your Lean initiatives. Services include DMAIC process mappings – tracking the movement of material through your current process, identifying areas where costs can be reduced or eliminated, presenting a business plan to achieve a specific cost savings goal, and meeting regularly to track progress toward that goal.

Solutions Include:

  • Workstation design
  • Up to daily inventory turns to support your inventory reduction goals.
  • Just-in-time (JIT) systems
  • 2-bin systems
  • Kanban (inventory signaling system)
  • Point-of-use delivery stations
  • Kitting analysis/custom-packaging
  • In-plant solutions (on-site branch or crib managed by Fastenal personnel)
  • Industrial vending (MRO, safety, metalworking)
  • Integrated supply

Learn more about our lean solutions.