Enhance Your MRO Efficiency with Inventory Management Services

How Parker Distribution can help optimise your inventory management

Stock Holding

Certified Parker Distributors provide instant access to a wide range of quality Parker components and parts through their trade counters and ParkerStore retail network. This means you can quickly find replacement parts, minimising downtime and keeping your production lines running smoothly. The extensive network ensures that you have immediate access to the inventory, technical support, and services needed to maintain operational efficiency. Visit in-store or order by phone, many offer same-day delivery!

Vendor Managed Inventory (VMI)

Managing inventory levels of maintenance, repair, and operating supplies (MRO) can be a major challenge. Vendor Managed Inventory (VMI) programs offer a solution that dramatically reduces purchasing and re-supply costs, eliminates stock-outs, and allows you to be more efficient and profitable.

Kanban Services 

Kanban inventory management is a system designed to optimise the flow of materials and products through a production process. It relies on visual signals, often in the form of cards or digital boards, to indicate when new inventory is needed. Unlike traditional push systems, Kanban operates on a pull system, meaning new inventory is only ordered or produced when there is a demand for it.  

Benefits of Kanban Services:

• Minimised Downtime: Kanban ensures that replacement parts are available exactly when needed, reducing the time equipment is out of service.
• Cost Efficiency: By maintaining optimal inventory levels, Kanban helps avoid overstocking and understocking, which can lead to cost saving.
• Improved Workflow: The visual nature of Kanban boards helps teams track the status of parts and tasks, leading to better coordination and smoother operations.
• Less Admin: Invoices are raised regularly as agreed, and you are only billed for the parts used reducing unnecessary admin.
• Increased Reliability: With a steady supply of necessary parts, the reliability and longevity of equipment are enhanced, leading to fewer unexpected breakdowns.
• Lean Operations: Kanban aligns with lean principles by reducing waste and ensuring that resources are used efficiently.

Full Service Inventory Management

Parker Distributors can manage the entire purchasing supply chain, offering MRO expertise and multi-supplier support. Their Full Inventory Management Services track inventory levels continuously, with automated reorder alerts to prevent stockouts. Just-in-time delivery aligns with production schedules, reducing on-site inventory needs and freeing up capital.

They provide regular data analysis and reporting on usage patterns, inventory turnover, and demand forecasting to help you make informed decisions. Customised solutions, including kitting services or consignment inventory, are tailored to specific needs. Close collaboration ensures inventory aligns with production schedules, streamlining communication for quick issue resolution. By optimising inventory levels and reducing excess stock, you can lower carrying costs and improve cash flow, reducing time and resources spent on inventory management.

Benefits of Full Service Inventory Management:

• Enhanced operational efficiency through streamlined processes.
• Significant cost savings from better inventory control.
• Flexibility to adapt quickly to changing demands without the burden of excess stock.
• Ability to focus on core competencies rather than inventory management.

Kitting

Kitting is a logistics technique where individual but related items are grouped together to create a new SKU (Stock Keeping Unit) that is sold as a single unit. By reducing the number of suppliers, kitting improves efficiency and provides a more streamlined and organised product offering.

Technology-driven Materials Requirements Planning (MRP) systems ensure all components and assemblies are purchased, manufactured, and kitted according to your specifications. A stringent quality system guarantees 100% conformance at every manufacturing stage. Engineers assemble the final kit, which is then checked against the Bill of Materials (BOM) before dispatch.

Benefits of Kitting:

• Simplified and optimised order handling.
• Prevents the accumulation of obsolete items.
• Reduced assembly costs.
• Enhanced accuracy in order fulfilment.
• Leverage economies of scale by grouping products.

Asset Management

The Parker Tracking System (PTS) is an innovative asset management solution designed to streamline the tracking and management of MRO parts and supplies. PTS utilises unique barcodes and RFID tags to provide real-time visibility and traceability of components throughout their lifecycle. This system is particularly beneficial for when you require precise inventory control and efficient maintenance schedules.

Parker Distributors leverage PTS to enhance their inventory management services by ensuring accurate stock levels, reducing downtime, and improving overall operational efficiency. By scanning the PTS tags, distributors can quickly access detailed information about each part, including its history, usage, and maintenance records. This not only helps in timely reordering and minimising stockouts but also supports proactive maintenance strategies, ultimately leading to cost savings and increased equipment reliability.

Certified Parker Distributors offer a range of inventory management services that can enhance operational efficiency, reduce costs, and ensure you have the right parts when you need them. Contact your local Parker Distributor to find out about the levels of inventory management services they provide.  

By leveraging these services, you can focus on your core business activities while enjoying the benefits of optimised inventory management.