A majority of organisations appreciate that a significant activity cost is absorbed by them in the process of acquiring industrial consumables and components.

Typical areas where costs are absorbed are:

• Raise purchase order
• Chase suppliers
• Reconcile statements
• Audit accounts
• Raise cheques
• Usage reports

• Find & pick product
• Monitor stock usage
• Check-in deliveries
• Source special products
• Facilitate products returns
• Emergency purchase

Justin Thyme work to reduce your acquisition costs.

We work with you to identify and agree the present processes and the activity costs associated with acquiring and managing industrial consumables and components.
We record the consumption levels of products to be included in the project.
When we have completed this process we will suggest ideas on how our services could reduce the identified acquisition costs and potential product waste.

Once this is done we present a fully priced proposal.

Our proposal will:

• Enable identification of activities that will be eliminated.

• Anticipate reductions in product use.

• Introduce new opportunities to manage the supplier base.

• Enable suppliers to eliminate activity and reduce their operating costs.

System Capability

Usage rate audit

• Consumption patterns within a site of different components
• Consumption patterns for individual components across all sites
• Expected forward order patterns
• Regional and other geographic analysis of patterns of usage

Replenishment periods audit

• Time from replenishment to alert
• Patterns of use through time
• Time from alert to replenishment
• Anomalies in usage

Financials

• Stock levels and valuation at any one moment in time
• Total delivery orders underway at any moment in time
• Cost of forward commitment to replenishment of items
• Cost of forward commitment to delivery service

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