Vendor Managed Inventory
Coburn Fasteners holds stock of your parts, with unique part numbers, for as long as you need them, so a design change, a discontinued line, or a departing member of staff doesn't leave you exposed to a supply gap. For engineering and procurement teams managing long product lifecycles, this protects against obsolescence and removes a recurring administrative burden from your team.
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We hold inventory so your historical components remain available. This is particularly valuable where a business has high staff turnover in procurement or engineering roles. Institutional knowledge of exactly which part, which supplier and which specification is needed can walk out the door, but the stocked part and its record doesn’t with Coburn Fasteners.
We take multiple facets into account - including cost, forecasts, historical parts etc – with regard to creating a bespoke solution for your business and VMI.
Vendor managed inventory particularly suits customers with long product lifecycles, low-volume or high-mix requirements, or complex assemblies built up over decades, where sourcing a part that's fallen out of production, or been redesigned, can otherwise stall a project. We've applied this model in oil and gas, where equipment and assemblies can remain in service for many years after the original components were specified.
The core risk this service protects against is losing access to a critical part, either because it's gone out of production, or because the person who knew where to source it has left the business. Every part held under vendor managed inventory is tracked against its part number and full historical record, so there's no ambiguity about what's in stock, what it's rated for, or where it came from. This gives your team an auditable record they can point to regardless of staff changes on either side of the relationship.
Utilisation of VMI results in reduced lead times, stock visibility and reduced stock outs, allowing your business to operate proactively with peace of mind.
Ready to see what it looks like?
If your team is exposed to obsolete parts, discontinued lines, or the risk of losing critical sourcing knowledge when staff move on, talk to us about setting up a vendor-managed inventory arrangement. We'll take on the stock holding and the historical record, so the part is there when you need it, regardless of what's changed on your side.
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