A U.S. Amusement Park uses over 10,000 pieces of POS equipment in 2,000 different locations throughout multiple amusement parks. The inventory is comprised of several different manufacturers. When it comes to managing large and complex inventory, operational inefficiencies can be exceptionally costly. The potential for problems increases for companies where the operations span multiple locations, thousands of pieces of equipment, numerous manufacturers, and hundreds of personnel.
It’s why the company decided to consolidate the logistics management and repair functions under one vendor.
How Vendor Managed Inventory reduces costs and improves operational efficiency.
Key Services’ vendor managed support has eliminated the inefficiencies and high costs the client experienced with manual processes and excessive materials handling. Key Services serves as the single-point-of-contact to simplify administration and ensure that all warranties are utilized. The client is no longer burdened with managing materials, equipment, and logistics. The program has increased the overall speed in which repairs are managed, prevented the expense of hiring and training technicians, prevented the expense of storing and maintaining equipment, and has significantly decreased system downtime and the resulting risk of lost revenue.
Aligning with the right vendor increases the overall speed in which repairs are managed, prevents the expense of having to hire and train technicians, prevents the expense of storing and maintaining equipment, and significantly decreases system downtime and the frustration that follows.
Key Advantages:
- Provides a single point of contact simplifying administration and streamlining contract management
- Meets the increased need for expertise repairing a large variety of equipment
- Decreases system downtime and risk of lost revenue Improves service profitability
- Reduces field service labor costs
- Eliminates need for technician training
- Provides consistent 24-hour repair
An effective Vendor Managed Inventory program can also be used to cut operational costs in many ways. As companies look for ways to do more with less without compromising quality or service, strategic partnerships with vendors will become even more vital.
Read our KSI Case Study here.