Every time a customer delays a job because they didn’t have the right materials on hand, time and money is lost. It’s not just the delay of work that’s costly. Costs are added from the time spent searching for an item, talking to other team members about the missing item or paying higher prices for expedited delivery of an item.
Every time this happens, distributors worry about losing that customer to another distributor or, worse, Amazon. Sure, Amazon can have certain items delivered overnight, but that doesn’t help your customers today. Today, your customer has one concern and that is to run their business as smoothly as possible and turn a profit. They rely on you to help them avoid inventory mismanagement that can cause:
- Production shortages
- Shipment delays
- Imbalanced lead times
- Poor customer satisfaction rates
- Overpaying for parts and materials
- Loss in revenue
With industrial vending programs from 1sourcevend, distributors can effectively manage their customers’ inventory needs, virtually eliminating last-minute purchases. Not only will your customers spend less money on unplanned purchases with automated vendor managed inventory, your customers will reduce their inventory consumption by 30% or more. Now, this good because the unexpected savings often encourages customers to shift other existing spend your way – spend that was likely going to your competitor. We’ve actually seen distributors capture upwards of $10,000 in additional business each month as a result of our inventory management and vending programs.
Competition is stronger than ever and requires today’s distributors to be agile and proactive if they want to retain current customers and gain new ones. One of the ways you can do that is to offer value to your customers that they can’t find anywhere else. The vending software solution from 1sourcevend provides your customers with value while allowing you time to develop new business. Our cloud-based inventory control software tracks inventory levels in real-time, eliminating the need for time-consuming manual counts. The solution also allows for auto-replenishment, eliminating the risk of stockouts and overages.
Amazon is many things to many people, but it cannot help manage customer inventory. If you’re curious how inventory control through vending can help your distribution business, we’d love to talk with you. Request a free online demo of our powerful inventory-control software.