Customized Vendor Managed Inventory
When it comes to managing your supply chain vendor managed inventory (VMI) can have a significant impact on the bottom line. Imagine reducing the cost of carrying inventory, replenishing stock automatically, and customizing packaging all in one solution. That’s just a flavor of what a customized VMI program from bisco industries can offer.
At bisco we customize each and every VMI program to meet the unique needs of your business and help you improve profit margins. Here are 3 popular VMI features to help you meet your business challenges: Read more…
bisco Ranks #19 on 2017 Top 50 Electronics Distributors List
bisco industries is now among the top 20 electronics distributors in the world according to SourceToday’s (formerly Global Purchasing) 2017 Top 50 Electronics Distributors List. bisco’s ranking at nineteen (19) marks a move up of two spots from the 2016 ranking. In addition, 2017 is the 6th consecutive year that bisco has ranked among the top 25 distributors.
bisco industries Named 2016 MDM Market Leader
bisco industries has been included on Modern Distribution Management’s 2016 Top Fasteners Distributors list. 2016 is the fifth consecutive year that bisco has ranked as a MDM Market Leader. bisco’s ranking was driven by yet another year of record revenue with strong growth in the aerospace and communication equipment industries.
Commenting on bisco’s recognition as a MDM 2016 Market Leader, bisco’s Director of Marketing, Adam Wong, said,
It is exciting to see our customer-focused approach succeed. We help manufacturers in all sectors to become more profitable by providing electronic hardware and fasteners at the right time, place and cost. bisco believes in unique service for unique customers; every customer has distinct needs when optimizing production, so our organization gives all representatives across North America the ability to completely tailor the services we provide. bisco’s ranking on MDM’s 2016 Top Fasteners Distributors list is an outstanding outcome of adapting and innovating for our clients’ needs.
About MDM Market Leaders
The MDM Market Leaders lists identify the top distributors by revenue across 15 distribution sectors. Data to determine placement on the Market Leaders lists was collected from the companies’ public filings and news releases. For companies that did not provide their data, MDM estimated rankings based on past reported revenues, average revenue increases within the sectors, data from economic reports and conversations with industry experts. All companies for which revenues were estimated are notated with “N/A” on the lists.
bisco Attends Kentucky Design-2-Part Show
November 4th-5th marked this year’s Design-2-Part (D2P) show in Covington, KY. The D2P show focused on the Kentucky, Indiana, and Ohio markets and served as an avenue for hundreds of manufacturers, fabricators, and suppliers to connect. During the event supply chain members were able to discuss strategies to improve quality, reduce costs, and expedite product to market time.
bisco’s team was joined by Heyco rep, Bill VanBebber, who provided technical expertise on Heyco’s product catalog of strain relief bushings, solar power components, and liquid tight cordgrips. The bisco team met with about 100 engineers and buyers during the event and is looking forward to working with them to optimize their supply chains.
In the Chicago area? bisco’s team will be attending the Fabtech show next week.
Helping Clients Optimize Their Supply Chains Since 1973
bisco leverages our strong relationships with manufacturers to provide our clients with the best pricing, availability, and access to custom manufacturing services. In addition, we have decades of experience customizing inventory management services for our customers. Visit biscoind.com to learn more about our supply chain services and to find get pricing and availability on thousands of products.
Did You Know? It’s MFG DAY!
Today marks the annual celebration of Manufacturer Day (MFG DAY). MFG DAY is meant to educate the next generation about modern manufacturing while dispelling common misconceptions. To accomplish this, manufacturers are encouraged to organize events that give people a behind the scenes look of manufacturing processes. MFG DAY 2015 features over 2300 events including facility tours of manufactures such as ABB, Boeing, Jabil, and General Atomics.
bisco industries is proud to support the manufacturing industry by offering supply chain services that allow manufacturers to focus on their core competency: manufacturing. Be sure to join us, our supply partners, and clients in celebrating MFG DAY 2015!
Department of Energy Announces Funding for New Manufacturing Hub
The US Department of Energy recently announced it will commit up to $70 million for a manufacturing hub focused on improving energy efficiency. Known as a Clean Energy Manufacturing Innovation Institute (CEMII), the hub will “support research and development advancements that can reduce the cost of deployment for technologies such as advanced sensors, controls, platforms, and modeling for manufacturing by as much as 50 percent”.
The manufacturing hubs’ focus on smart manufacturing is intended to be an avenue for research collaboration and a driver for manufacturing job growth. The hub will be part of the National Network for Manufacturing Innovation, an initiative of the Obama administration to help US manufacturing.
The new CEMII will be part of a series of hubs focused on different manufacturing processes. One example, America Makes, in Youngstown, OH, focuses on 3D printing. The US Department of Energy is seeking to establish 45 such institutes in the coming years.
bisco industries: Supplying the Future of Manufacturing
bisco industries is proud to work with clients on the cutting edge of technology. bisco understand the challenges of prototyping, production, and supply chain management. We offer a wide range of supply chain services as well convenient e-commerce shopping and a team of hundreds of local representatives. Click to learn more about bisco industries.
VMI Solutions from bisco industries: Bonded Inventory
Bonded inventory (also known as dedicated inventory) is a value added service that bisco offers our clients. Bonded inventory gives you the advantage of high-volume pricing and immediate availability. bisco will stock your dedicated inventory in one of our 7 strategically located warehouses and even use your own custom part numbers. Our bonded inventory program ensures that your products will be delivered on time – at the right time.
Benefits of bonded inventory include:
- Reduced inventory carrying costs
- Automatic and targeted inventory shipments preventing production down time
- Reduced costs by obtaining next price break discounts
Contact your dedicated sales rep to develop a bonded inventory package that meets your unique requirements.
Minimize Risk With Long Term Pricing
Pricing for commodities can fluctuate greatly depending on the cost of raw materials and product availability. That’s why long-term pricing agreements are an important tool for minimizing risk in your supply chain. Long-term pricing agreements ensure that product prices stay the same or within a specified range for a given period of time. By entering into these agreements purchasing managers are able to better forecast costs, typically resulting in higher profit margins.
Keep Costs Predicable With bisco’s Long-Term Pricing Agreements
With over 40 years of industry experience, bisco industries understands how to craft pricing agreements that keep your costs both reasonable and predictable. Minimize risk and maximize profit by working with bisco industries. Our customer representatives are standing by, contact us today!
What the Internet of Things Means for Electronic Manufacturing
There’s a lot of talk about the Internet of Things (IoT) these days and for good reason. The IoT refers to electronic devices communicating and sharing data through wireless connections. For example, your clothes dryer will be able to send an alert to your phone letting you know your clothes are ready. Not only is the IoT set to change our daily lives but it will also transform electronics manufacturing.
Automated Equipment Monitoring
Instead of requiring constant monitoring from workers, equipment will, in many ways, be self-monitoring. The IoT allows equipment to automatically collect and communicate data such as the number of items produced, down time, and malfunctions to production managers. Using this data, production managers will be able to make real-time decisions to increase efficiency and reduce down time. The end result of manufacturing equipment connected to the IoT will be increased production.
Increased Demand For Connected Devices
While the IoT will likely make manufacturing processes more efficient it will also cause a spike in demand for connected devices. While the IoT is making headlines the demand for connected devices still hasn’t reached a fever pitch. As more end users learn about the benefits of the IoT demand will only rise, driving growth in the electronics manufacturing industry. In fact, “According to new research from International Data Corporation (IDC), the worldwide Internet of Things market will grow from $655.8 billion in 2014 to $1.7 trillion in 2020 with a compound annual growth rate (CAGR) of 16.9%”.
A Partner For The Future
At bisco industries we believe the past informs the future. With over 40 years of experience bisco understands the challenges of technological change. A franchised distributor of electronic components, specialty fasteners, and hardware, bisco industries offers e-commerce shopping as well as a large staff of customer representatives. We’ll help you locate the components you need and more importantly provide the value added services to make your supply chain even more efficient. Make sure you have reliable a supply partner as you navigate the rapid expansion of the IoT. Contact bisco industries today!
Lean Manufacturing & Component Kitting
Running a lean manufacturing environment? Kitting is a process often utilized in lean manufacturing to reduce material handling and processing times as well as to improve line side assembly. Kitting involves gathering the required components for the manufacturer of a particular assembly or product and packaging them together. Once required a kit can easily be issued to the point of use.
The Challenges of Kitting
Kitting has numerous benefits with the overall objective of reducing processing time for parts and downtime for the assembly lines. Despite the benefits of kitting it is only effective as long as all the components are available. Thus it is imperative that all the members of the supply chain meet deadlines and provide accurate demand information. Many manufacturers who do kitting in-house encounter problems with inaccuracies in their inventory levels. Even if one component is below the required inventory level, production may be delayed. Scenarios like this exemplify how bisco industries can be a key partner in your supply chain.
Contracting Out Kitting
bisco industries will take your bill of materials and package items together to provide production ready kits. That way you only have to monitor inventory levels on a single kit rather than multiple components. bisco industries’ kitting services aid in reducing inventory, inspection, transaction, and acquisition costs. Kitting also streamlines procurement and speeds up the manufacturing cycle.
Learn more about bisco’s kitting services by visiting biscoind.com and locating your local sales representative.
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