Supplier Managed Inventory (SMI) Business Model
Business Model Overview:
This business model utilizes Veterans Trading Company as a contracted value-added partner for the acquisition, management, and just in time (JIT) delivery of materials directly to the customer's specified location.
Customer Benefits:
Customers can focus on the efficiencies and productivity of their manufacturing processes. Ready to Process Quality inspected materials delivered to a specified location, to the correct configuration, quantity, and packaging.
- Reduction of resources necessary for material quoting, sourcing, and procurement.
- Reductions in resources necessary for material planning and inventory visibility.
- Reduction of resources necessary for receipt, inspections, testing, storage, and movement of materials.
- Elimination of productivity downtime due to material shortages.
- Reduction of resources necessary for supplier account payable processing due to Single Supplier Management.
- Reduction of resources necessary for processing material traceability records retention.
- Reductions in resources necessary for supplier interaction activities such as: Expediting, First Article Facilitation, and Supplier Corrective Measures.
- Labor flexibility assisting employee attrition management.
- Business growth due to reductions of non-productive workspace.
On-Site Procurement (OSP) Business Model
Business Model Overview:
This business model utilizes Veterans Trading Company as a contracted skilled labor provider. VTC employed Purchasing Agents and Transaction Specialist working onsite at the customer locations. Trained to customer defined policies and procedures, while directly interacting with functional customer liaisons to perform material acquisition activities on customer supported software/ERP systems.
Customer Benefits:
Customers can focus their skilled resources as departmental oversight personnel. Increasing process accuracy and efficiencies to desired key process indicators, while reducing cost.
- Reduction in cost associated with hiring, insurance, and payroll taxes.
- Greater resources utilization for oversight of operational controls to mitigate risk and ensure customer satisfaction.
- Enhance labor flexibility during high peak periods and business growth.
- Ability to grow existing resources within the company or organization.
Customer Direct Procurement Services (CDP) Business Model
Business Model Overview:
This business model utilizes Veterans Trading Company as a value-added partner for the acquisition of materials shipped directly from the supplier to a committed delivery date and a specified customer location.
Customer Benefits:
Customer procurement staffing can focus directly on large contracted material needs, while low volume material acquisitions can be placed with VTC where quoting, sourcing, and purchasing can be outsourced to a third party via purchase orders.
- Reduction of resources necessary for material acquisition during activities associated with quoting, sourcing, and procurement.
- Procurement resources flexibility during high peak periods, business growth.
- Ability to grow existing resources within the company for procurement oversight and risk associated with supplier sourcing.
- Reduction in cost associated with hiring, insurance, healthcare, and payroll taxes.
- Reduction of resources necessary for supplier account payable processing due to single supplier management.
Industrial Products and supplies (MRO) business model
Business Model Overview:
This business model utilizes Veterans Trading Company as a value-added partner for the acquisition of materials necessary to support the customer operational environment.
Customer Benefits:
Customer procurement staffing can focus directly on material acquisitions for materials that will be utilized in the manufacturing of products and/or assemblies intended for resale. While industrial supplies material acquisitions can be placed with VTC and our supply chain partners where quoting, sourcing, and purchasing can be conducted with ease.
5 EASY STEPS FOR INDUSTRIAL PRODUCT AND SUPPLIES PURCHASING WITH VETERANS TRADING COMPANY
- Reduction of resources necessary for material acquisitions for site operational support associated with quoting, sourcing, and procurement.
- Flexibility to reallocate and/or grow existing resources within the company for needed direct procurement activities.
- Reduction in cost associated with hiring, insurance, healthcare, and payroll taxes.
- Reduction of resources necessary for supplier account payable processing due to single supplier management.