Inventory Control and Visibility Transformation: A Case Study on a Global Biopharma and Healthcare Manufacture

This Fortune 500 company is a leading global provider of mission-critical products and services to customers in the biopharma, healthcare, education & government, and advanced technologies & applied materials industries. Their portfolio of performance materials, products, and consumables are used in every stage of the most important research, development, and production activities in the industries they serve. Their global footprint enables them to serve more than 225,000 customer locations and gives them extensive access to research laboratories and scientists in more than 180 countries.

To learn more about MSC’s BNA, our unbiased process, and data assessment of your indirect supply chain, designed to identify customized solutions to empower performance, generate savings and maximize profit potential, call us at 800.645.7270.

LACK OF INVENTORY CONTROL AND VISIBILITY

Conducted an extensive operational site assessment through MSC’s Business Needs Analysis (BNA) to identify opportunities to achieve this customer’s goals for inventory management improvement.

Goals included:

• Need for purchase order and vendor reduction

• Eliminate stock-outs

• Need for inventory management solutions

• Need for SKU standardization

• Leverage contract spend benefits

MSC DELIVERED CUSTOMIZED INVENTORY MANAGEMENT SOLUTIONS

• Implemented one main storeroom

• Implemented multiple point of use VMI locations in addition to main storeroom

• MSC successfully dedicated one In-Plant associate within the company’s strict union environment

• Engaged MSC Industrial Safety Consultant to conduct a safety needs assessment

PROFIT IMPROVEMENT OF $622,016 WITH SOLUTION IMPLEMENTATION

• In-Plant associate investment by MSC

• Reduction of PO’s and supplier consolidation

• Reduction in on-hand inventory

• Safety value-add program

As part of MSC’s Continuous Improvement Review (CIR) program, we will be partnering with this customer to move forward on several additional initiatives and solutions including bringing PPE into vending outside of storeroom, integration with SAP punchout, power tools warranty program and additional inventory management support.