Inventory Management Programs

Comprehensive Inventory Management Programs

OTP Industrial Solutions offers comprehensive inventory management programs to provide cost-saving efficiencies and inventory reduction opportunities. Years of experience in the industrial sector has led to the development of effective strategies and inventory programs designed to promote inventory optimization and increase profitability.

Inventory Consolidation and Management

Streamline operations and generate cost-saving opportunities with OTP’s Inventory Assessment and Inventory Management programs. Create efficiencies by consolidating like items purchased from multiple manufacturers and reducing or eliminating non-moving inventory.

  • Product identification/standardization creates savings through simplification and redundancy management
  • Cost Saving Programs (CSP) to help you maximize the potential of every dollar spent managing inventory
  • Equipment and system surveys to maximize efficiencies and reduce down-time
  • Custom stocking and kitting reduces the number of vendors and shipments required to provide a complete solution
  • Just-In-Time (JIT) and error-free deliveries eliminate inventory on-hand, wasted time and duplication of efforts
  • Supply Chain Management (SCM) programs monitor movement and storage of raw materials, work-in-process inventory and finished goods from point of origin to point of consumption
  • Key Performance Indicator (KPI) reporting is customized to your specific needs and keeps track of critical cost-saving metrics while improving overall communications
  • Operational infrastructure and IT systems simplify integration of OTP inventory programs into your existing structure
  • Full Electronic Data Interchange (EDI) capability provides transactions with EDI vendors and suppliers anywhere in the world
  • Ask the Experts and Quick Quote website functionality provides real-time help from industry experts

Original Equipment Manufacturer (OEM) and Catalog House Part Reduction

OTP reviews items currently purchased through Catalog Houses and Original Equipment Manufacturers to identify standard parts that can be purchased through OTP for considerable savings.

  • Product identification/standardization creates savings through simplification and redundancy management
  • Cost Saving Programs (CSP) to help you maximize the potential of every dollar spent managing inventory
  • Broad product support provides technical expertise to better manage your inventory while reducing costs
  • Custom stocking and kitting reduces the number of vendors and shipments required to provide a complete solution
  • Full Electronic Data Interchange (EDI) capability provides transactions with EDI vendors and suppliers anywhere in the world
  • Ask the Experts and Quick Quote website functionality provides real-time help from industry experts

Vendor Management Inventory (VMI), Committed Inventory and Consigned Inventory Programs

OTP offers complete Vendor Management Inventory (VMI) Programs, Committed Inventory (CI) Programs and Consignment Programs.

  • Flexible inventory management programs that are customizable and scalable to ensure proper inventory levels at all times
  • Committed and consigned inventory programs reduce your financial risk while providing specific inventory to your production lines
  • Key Performance Indicator (KPI) reporting is customized to your specific needs and keeps track of critical cost-saving metrics while improving overall communications
  • Customer education and training ensures your staff can save time managing select inventory
  • Operational infrastructure and IT systems simplify integration of OTP inventory programs into your existing structure
  • Ask the Experts and Quick Quote website functionality provides real-time help from industry experts