NUTRABOLT
Such close relations with production partners is especially critical given the move to turnkey manufacturing , which means Nutrabolt simply purchases finished products and holds no component inventory . Bauer points to a partnership with Genysis Brand Solutions as a case in point .
“ We have monthly meetings that switch between our location in Texas and their location in Utah ,” Bauer continues . “ We make sure we meet face to face to add to our daily conversations . We have scorecards and metrics , talk about what ’ s working well and what ’ s not working well , and discuss how we can become more integrated and gain greater visibility .
“ There was a time when we would be afraid to give a partner company too much data – now I ’ m pushing to give them more . I appreciate massively the transparency that exists between ourselves and the Genysis team , and we are now at a point where we are realising joint cost savings . We have even been able to cut lead times in half on key products and get products to customers significantly faster – this is because they have that visibility and are benefiting from the collaboration on the forecasts .”
Moving forward in 2017 and beyond , integration of the end-to-end supply chain will become a major priority . Bauer ’ s ideal state is one where all manufacturers and partners ,
70 May 2017