(EMAILWIRE.COM, June 02, 2011 ) Boca Raton, FL — Most Original Equipment Manufacturers or OEMs face challenges when attempting to manage components crucial for a successful production process. Falcon Metal is focused on providing Inventory Management Solutions for Class C production components that increase productivity, lower risk, and reduce Total Procurement Cost (TPC).
This is achieved through cost-effective managed inventory programs, including Bin Management, Bin Stocking, Inventory Control Management Services, Supply Chain Management Services, Lean Initiatives, and Third Party Logistic Services. Falcon Metals solutions include both Vendor Managed Inventory (known as VMI) amp; Customer Managed Inventory (CMI) programs. Falcon Metals staff has experience with a wide variety of OEM industries.
What are Class C production components? These are the items that are the reverse of the 80/20 rulethe large number of low value items that are required to produce the end product. Studies have shown that production downtime is primarily due to lack of an inexpensive component.
All costs, whether sourcing, paperwork, storage space cost, or taxes and insurance should be considered to ensure the cost effective decisions is being made. Direct acquisition cost (price) is the most visible element of OEM purchasing cost. Too often it is the only consideration. There are a number of other elements of TPC which can have a major impact on product acquisition including all the activities required to insure production plans are achieved.
JL Haber, Vice President of Programming at Multi Media Productions, added, Falcon Metal Corporation is certainly responding to a major need in most industries today. We are excited to have them as a guest on our program.
About Falcon Metal Corporation
Falcon Metal Corporation was founded in 1979 as an industrial fastener distributor in a rented office/warehouse space in Charlotte, North Carolina.
In August 1985, Falcon Metal moved to its present location at 10715 John Price Road. The building was expanded in 2003. The company also operates a full service distribution facility in Louisville, Kentucky and has two customer specific branches in South Carolina.
Falcon Metal changed its focus in the late 90s from a traditional fastener distributor to meet the needs of its customers. Falcon Metals staff focuses on managing Class C components for original equipment manufacturers (OEMs).
Falcon Metal uses a pull system which supports lean manufacturing. Inventory is only replenished when it has been consumed. Falcons Bar Code Inventory System (FBIS) replaces the tedious process of checking inventory levels, filling out requisitions, sourcing and expediting overdue orders. Falcon Metals staff assumes full responsibility for insuring the customer has what is required to build the finished product.
Falcon Metals staff is experienced in managing a wide range of commodities. Key staff members have long tenure with the company. Falcon Metal has been recognized as one of the Best Places to Work, 4 years in a row by the Charlotte Business Journal.
For more information visit http://www.falconmetal.com
About 21st Century Business
21st Century Business is an award winning targeted business show that is independently produced by Multi-Media Productions. The show provides its business viewers an in depth opportunity to find solutions to the industry problems from some of the top business leaders from across the world.
21st Century Business airs on CNBC and Fox Business Network (as paid programming) as well as internationally via DirecTV and Dish Network. The show can also be viewed through video on demand via http://www.21cbtv.com. The 21CBTV Series is also available at more than 27 prestigious college universities, including Carnegie Mellon University, Howard University, Dartmouth College and Georgetown University.
For specific market-by-market air dates and times, please e-mail Moniqueh@mmpusa.com. For more information, please visit http://www.21cbtv.com.
Multi-Media Productions USA
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Tags: Product Studies