Services
Once you have placed your order with Wisco Industries, Inc., you will enjoy all the VALUE-ADDED services of tool maintenance, inventory control, just-in-time delivery of parts that meet your exact specifications and our Kanban Program solution. You don't have to worry about the secondary operations such as painting, plating, heat treating, etc.
An Asset in the Supply Chain: Kanban Program
If there is one thing that we have come to count on, it is uncertainty in the economy. Because of this uncertainty, it is important for businesses to be flexible and agile. One of the ways to achieve this result is to have strong cash flow. When an organization has strong cash flow, it means that has liquidity. Liquidity allows an organization to make strategic business moves and react quickly to the changing environment. One of the major deterrents to strong cash flow is having excess capital tied up in inventory. In terms of lean principles, inventory has been identified as one of the "Seven Deadly Wastes". Inventory sits on your floor and ties up valuable space burdens your cash flow efficiency. Wisco offers a solution to your problems – a Kanban Program.
Developed by the Japanese, a Kanban program allows you to enjoy the same efficiencies that a supermarket enjoys from the standpoint of inventory management. Basically, this system offers a demand approach (pull system) as it relates to supplying the customer. Rather than trying to work with unpredictable forecasting or the uncertainty of a new product launch, one is able to manage piece flow in accordance with customer needs. As product is depleted (purchased), signals are sent downstream through the supply chain to signal an increase in production.
How does it work? Wisco Industries has successfully implemented a Kanban program with many customers. This involves a joint effort between Wisco and its customers to create the best program for a given product. This is usually achieved by creating four buckets:
- Customer order quantity
- Customer Trigger
- Wisco Production Quantity
- Wisco Trigger
Using these buckets, you and Wisco will agree to certain inventory and run sizes that will be the most beneficial for your product needs. By creating these buckets, you will be able to enjoy many advantages:
- Lower run rates
- Adjustable run rates based on empirical evidence
- Reduced inventories for supplier and customer
- Reduced Lead Times
- Easily automated to reduce overhead
Using a Kanban program takes much of the guesswork out of inventory management. You will always have a redundant safety stock that will provide a comfortable buffer but also has the flexibility to be adjusted based on demand. Additionally, you will always have product when you need it so that orders may be filled in a timely fashion. Call Wisco today or via our Contact Us page to find out how our Kanban program can help you with improved inventory management and greater cash flow.
Find out more about what Wisco has to offer with Contract Manufacturing, Custom Metal Stamping, Laser Cutting Services, Metal Fabrication and Metal Stamping.
