As global trends in the Industrial Supplies and MRO space continue to shift, customers want more from their suppliers. Customers want more support, more ownership and more overall value.
That’s why Fastenal, a leading supplier of OEM hardware and MRO items, launched an innovative approach to accommodate customers’ changing needs.
History of the Onsite Program
Over the last 20 years, Fastenal deployed a unique solution for their customers – the Onsite program. This program positions full-time Fastenal experts and Fastenal-owned inventory within a customer’s facility. The Onsite team takes over inventory acquisition, ownership and management, to drive continuous financial and productivity improvement.
And, during the past 18 months, Fastenal has invested aggressively in training and technology that make its Onsite program even more efficient.
Where Does Vending Fit?
Fastenal’s vending solutions are often a key element of an Onsite program, providing 24/7 access to high-demand items, and reporting that eliminates wasteful usage. The Fastenal Onsite team continuously replenishes the machines, monitors usage patterns and adapts the product mix to meet changing production needs.
The results? Increased productivity and a significant reduction in consumption, typically 25-35%.
Onsite Program Benefits
Fastenal’s Onsite program is a long-term and collaborative solution based on the needs of each individual business. Participating organizations will see many benefits, including:
- Customized inventory modeling
- Reduced consumption (vending)
- Minimal inventory exposure
- Reduced freight
- Reduced admin. costs
- Customized reporting
Are you ready to boost productivity and profits? Corporate United’s partnership with Fastenal offers members the opportunity to implement a customized Fastenal Onsite program, with the advantages of CU category lifecycle management, including:
- Annual market checks
- Core list management
- Rebate program
Reach out to your CU member development representative, or email us at email@example.com for more information.