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E$$ - Electrical Supply Solutions

The Benefits of E$$

  • Reduction of inventory assets through usage tracking and purchase avoidance
  • Reduced transaction costs, cost of ownership and space requirements
  • Improved business process/efficiency Increased productivity, fill rate and accuracy
  • Barcode order replenishment system
  • Performance reports are reviewed on a quarterly basis
Estimated Financial Impact
$50,000 /Year Stockroom
Reduced inventory cost of ownership - $6,000
Reduced acquisition costs - $7,500

Annual cost savings - $13,500

Recent studies have shown that the cost associated with the acquisition and possession of goods can often exceed the cost of the goods themselves. On average, such costs are 41.5% of the purchase price. That fact is leading more organizations to re-examine their procurement practices in an effort to streamline procedures and cut costs.

NorthEast offers a solution that addresses the cost of inventory procurement, while improving service...we call this solution "E$$" or "Electrical Supply Solutions."
 

How do we reduce total cost? Only 58.5% of the typical procurement dollar is spent on the material itself.
Acquisition Cycle
Needs List. 1.0%
Parts Search 6.2%
Place Order 0.4%
Receiving 8.2%
Stocking 7.3%
Disbursing 4.3%
Return Goods 1.1%
Process Invoice 0.4%

 

TOTAL 28.9%
   
Cost of Ownership
Manage Inventory 0.6%
Inventory Value 12.0%

 

TOTAL 12.6%
 
CO$T =Price of Material (58.5%) + Acquisition Cost (28.9%) + Cost of Ownership (12.6%)
Cutting the cost out of internal procedures

Working in partnership with management, purchasing, and production staff, NorthEast can help you realize significant cost savings. The process begins with a comprehensive review of your acquisition procedures and systems. Alternatives are then recommended to improve overall efficiency. These solutions can encompass revised order entry procedures, automated inventory management, EDI, customer-specific catalogs for easy re-orders, management reports and more. One thing is sure: NorthEast's E$$ will have a positive effect on your bottom line.

At NorthEast we rely on state-of-the-art tools and methods. For example, we can establish an inventory database for stockroom personnel. Customized to your needs, using your part numbers, escriptions and drawings, this system will automatically re-order when minimum quantities are reached. Allowing stockroom personnel to assume responsibility for stock replenishment eliminates redundant purchasing procedures.

Once an order is transferred to NorthEast's Central Distribution Center, it is picked, packed, and ready for shipment. This streamlined process simplifies procurement, eliminates stock-outs, and ignificantly reduces your transaction volume.

Using E$$, we can provide summary reports detailing usage by cost center, or by item, turn rate, dead inventory, and service levels.
 

Inventory Optimization: A key element of cost reduction

A key benefit of NorthEast's E$$ is the ability to optimize your inventory mix. We review usage and determine the proper levels you should stock to meet your MRO or production requirements. Additional inventories can then be stocked at our Central Distribution Center. Whether you utilize min/max, Kanban, or a combination of both strategies, we can right size your inventory... Let NorthEast and E$$ do the work and show you the way to better inventory management!
 

NorthEast Electrical Distributors together with Rockwell Automation are proud to offer the following value-added services:

Parts Management Agreement
Learn about Rockwell Automation's customized management agreements, and how they can assure that the right spare parts are available for your facility when you need them. Discover how this service can help you reduce your inventory and assist you in better managing your maintenance budget.

Training
NorthEast Electrical Distributors and Rockwell Automation offer a wide variety of training programs to help new and experienced users learn how to use Allen-Bradley products, Rockwell Software products, Microsoft products, and related technology including Oracle systems. NorthEast Electrical Distributors together with Rockwell Automation offer several training alternatives so you can choose the type of training that best fits your needs.

RepairPlus
Building on Rockwell's comprehensive parts and remanufacturing services for Allen-Bradley RepairPlus services are available for equipment in your facility made by ANY manufacturer. As your single source for service, we can repair thousands of types and brands of electrical, electronic, mechanical, and servo products.

For more information please contact Jim Byrne, E$$ Manager at (401) 640-0021

    
NorthEast Electrical Distributors provides the following complementary training
sessions with our E$$ Programs:


Fuseology and Fuse Safety

 


Shop Talk - Safety, 
Standards and Technology Seminars

 


Lighting Technology & Evironmental Considerations Motor Application and 
Energy Savings

 


Lockout/Tagout and Tool Training


 


Explosion Protection and Hazardous Location

 


Seal-Tite Fitting Installation ?and many more

 

 

We also offer hardware and safety products in our stockroom program to provide a more
complete solution
and many more...