In today's market, you need help managing your inventory and we can help.

Do you want to streamline purchasing and stocking processes, ensure the right hardware inventory is on hand when you need it? Austin’s Vendor Managed Inventory (VMI) program is the first of its kind for lock and latch hardware and is designed to improve parts availability and reduce expenses. 

If you find yourself looking for solutions to these common inventory management issues, our ABLE II™ system can help you solve them:

• Running out of parts
• Manufacturing lines shut down 
• Multiple purchase orders
• Falling short on inventory turn goals
• Little to no forecasting tools
• Managing inventory via spreadsheets
• Feeling of being overworked or understaffed

Let Austin Hardware® help you get the right quality and quantity on the shelf at the right time.

Click here to learn if your business is ready for Austin's ABLE II™ VMI.

Vendor Managed Inventory (VMI)

Vendor Managed Inventory (VMI) is exactly what the name suggests. A program in which one of your vendors acts as a partner who takes on the day-to-day tasks and responsibility of managing your inventory.

ABLE II™ Vendor Managed Inventory Solutions:

• Consigned Inventory Management
• Non-Consigned Inventory Management
• Reporting & Quarterly Audit
• Analyzing & Forecasting Future Replenishment Needs
• Monitoring Inventory Levels
• Physically Restocking Your Inventory
• Custom Packaging & Kitting Programs
• Vendor Consolidation

Click Here to learn more about what VMI is and how it can impact you and your business.

What are the benefits of having a supplier manage MY inventory?  In a word … $MONEY$.

Now that’s obviously an oversimplification. But when you break it down and look at all the different parts of the replenishment cycle our ABLE II™ program can impact, it becomes easy to see the benefits.

ABLE II™ VMI Benefits :

• Saves You Time (Time = Money)
• Reduces Stock-outs for your production inventory
• Prevents Over-Stock
• Vendor Consolidation
• Reduces Number of Purchase Orders
• Reduces Errors
• Helps Eliminate Manufacturing Line Down Times
• State of the Art Forecasting Tools
• Reporting & Quarterly Audit
• Custom Kitting
• Eliminates Spreadsheets
• Streamlines Multiple Department Activities

Consignment Inventory Management

Inventory that is still owned by the supplier (Austin Hardware®), but you as our customer, have it on hand. When your business uses or sells the inventory, we THEN get paid.  This option allows you to free up capital that would otherwise be needed to purchase the inventory in advance, creating a form of financial security and freedom for you and your business.

The basics:

• We Own And Carry The Inventory
• Payments Only Occur When The Product Is Sold
• Free's Up Capital For You
• Ensures you have adequate stock on hand
• Custom Kitting
• Quarterly Audits & Reporting
• State Of The Art Forecasting Tools
  

Click Here to learn more about Consigned VMI

Non-Consigned Inventory Management

The more traditional Vendor Managed Inventory program is Non-Consigned VMI.  In a Non-Consignment program, you as our customer pay for the inventory as it’s brought in, and whenever replenishment is necessary.

The basics:

• You Own The Inventory
• Summary Billing
• Fewer Invoices
• Fewer Checks To Write
• Ensures You Have Adequate Stock On Hand
• Custom Kitting
• Quarterly Audits  & Reporting
• State Of The Art Forecasting Tools