Fasteners and Class C Component Supply

Falcon supplies fasteners and inventory management services to manufacturers in North and South Carolina, Kentucky, and the surrounding areas.

Charlotte Office

10715 John Price Road
Charlotte, NC 28273

Phone: 800.438.0332

Mobile: 704.588.4740

Mailing Address

P.O. Box 7429 | Charlotte, NC 28241-7429

Phone: 704.588.4740

Fax: 704.588.5753

Kentucky Office

11536 Commonwealth Drive
Louisville, KY 40299

Phone: 502.266.6292

Fax: 502.526.5567

Electric Meter Manufacturer 2017-03-21T12:00:36+00:00

Project Description

Situation

A global leading Manufacturer of Utility Meter Solutions wanted to eliminate ownership and management of Class C production components, which accounted for less than 5% of the production spend. The supplier would be measured to 100% optimal production efficiency.

Falcon solution

They selected Falcon’s Onsite Branch Solution with an In-Plant Store management program. This customized program includes
Falcon owning the material stocked in the plant until it is moved to point-of-use (POU) production areas. Falcon has a full time dedicated person in the plant 40 hours per week, with two skilled back-ups trained for when needed. The inventory is inspected and replenished on a daily basis. The customer has 24-7 real-time visibility to the inventory level on each Falcon-owned part stocked in their plant. A dedicated Falcon Account Manager is responsible for customer service interaction and for purchasing
inventory for the In-Plant store and back-up inventory stocked at Falcon. They also work off the customers forecast to make inventory adjustments to ensure product is always available to meet their needs.

Falcon results

This has freed up $350,000, reduced owned inventory to virtually WIP, while achieving 100% production efficiency on these parts. Falcon is also providing kitted and sub-assembly parts through the In-Plant Store Program. The documented annual savings for the customer is $275,000.

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Reliable Stock™ Lean VMI Solutions by Falcon

Falcon’s Reliable Stock™ lean VMI program delivers 100% production uptime efficiency, while lowering your overall inventory investment in class C production components and fastening supplies. Find Your Solution Today!
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