At Future Electronics our goal is to remove as much volatility from your supply chain as possible, while providing you with the lowest total acquisition cost (TAC). Additionally, our supply chain strategies provide you with the competitive edge required to be a market leader.
Our Supply Chain experts have the knowledge and experience to assist you in implementing an effective and balanced model focused on security of supply.
Many companies today offer supply chain management - we believe in giving you much more than mere management tools. Future Electronics is uniquely positioned to offer a comprehensive range of services and innovative solutions to develop a powerful, customized program tailored especially for your needs and goals, to truly transform your supply chain.
The benefit to you is a Supply Chain Partner and process that:
- Focuses on improving your key metrics
- Ensures inventory availability & reduced replenishment time
- Reduces your Total Acquisition Cost
- Reduces your time to market through Design For Supply Chain Engineering Support
- Gives you immediate access to Web-based B2B E-Commerce Tools
- Offers free consultative services and support on developing and implementing lean initiatives
Programs to address your needs
Future Managed Inventory
Future Managed Inventory (FMI) is a unique concept in the world of electronics distribution. While other distributors may talk about bonding inventory, only Future Electronics offers a true electronic bonding process. When you release product from FMI, the material is first pulled from our available-to-sell (ATS) inventory. If the ATS runs low, only then is the material pulled from your FMI bond.
Future Managed Inventory offers Just-In-Time (JIT) deliveries, with near zero lead times, so that you get what you need, when you need it!
Bonded Inventory Management
Ours is a true inventory bonding program. Material is electronically bonded in our distribution center and delivered to you when needed. With Future’s BIM, scheduling orders is no longer required. With Future’s BIM, your company can significantly improve its cash-to-cash cycle time and inventory turns, while also minimizing excess and obsolete inventory.
In addition, you will have real-time access to your bonds and ensure Just-In-Time (JIT) delivery, by enhancing your BIM program with one of our full-service e-commerce solution packages, including Web-based applications.
Supply Chain Advisory Consultant Services
Our Supply Chain Advisory Consultant Services are provided to assist you in re-engineering your supply chain, manufacturing or warehousing capabilities. Our global team is comprised of highly qualified operations, materials, warehouse and logistic, IT, ERP professionals who were once customers. Let our team’s ‘real world’ experience and first-hand knowledge accelerate your operational efficiency and improve your bottom line!
Strategic Supply Chain Services
Based on your specific needs, our consultative services may include:
LEAN Manufacturing Services
Our highly trained expert consultants are LEAN practitioners and trainers with real world experience. We will conduct a full assessment of your site, anywhere in the world, and provide a detailed proposal and implementation plan that will drastically improve the efficiency and profitability of your operation. We will then work with you to ensure your organization experiences a seamless implementation and realizes measurable results. Customers can expect to realize reductions in operational costs, cycle times, lead times and excess and obsolete inventory.
Operations Review and Assessment
Our goal is to apply our knowledge and Future’s tool set to help you drive down costs and eliminate waste, while improving efficiencies in your operations through the use of “LEAN Practices.” FIRST is the world’s most versatile material management program, with the most recognized e-commerce replenishment software in the industry.
Our electronic commerce solutions increase the speed of execution, reducing cycle time and automating your procurement activity.
FIRST® (Future’s Inventory Replenishment Systems Technology)
Whether you use EDI-x12, EDIFACT , RosettaNet or a proprietary process, Future’s FIRST Team can work with you to establish a reliable, high performance program developed specifically for your needs.
FIRST Cloud-based Solution Portal is designed for next generation Supply Chain Solutions. FIRST provides the latest capabilities in supporting global requirements for customers who manufacture around the world, enabling an immediately accessible visibility of dynamic data, bonded inventory, available-to-sell inventory, MRP Gap analysis, order tracking, invoice imaging, and more. The program’s open supplier architecture allows you to create a single process for all suppliers, all commodities.
FIRST Cloud-based solutions can be set up using a variety of LEAN manufacturing replenishment models: Kanban-pull systems, consignment-on-site inventory, supplier managed inventory, Min/Max reorder for your entire supplier base.
FIRST also offers bar code capabilities using a variety of off-the-shelf solutions, portable scanner interfaces, Bluetooth and tethered scanners, and iPad/iPhone bar code readers.
Future Electronics’ Collaborative Planning and Execution Solutions
Optimizing the supply chain today requires a seamless integration of data between customers’ and suppliers’ demand planning systems. MRP Forecast sharing is a key element to ensuring the supply chain is performing at its highest level.
Future Electronics’ Cloud-based supply chain planning and execution solutions support manufacturing replenishment from Kanban, MRP Forecast Sharing/auto release, PO release and consignment – in plant stores.
Integrated MRP Forecasts Sharing
Net or gross requirements generated by MRP or a demand planning system can be sent via EDI, AS2 or a proprietary format using standard mail protocols or FTP sites. Forecasts represent components and purchased parts required out through the planning horizon.
Integrated MRP Schedule Sharing with Auto Release is the optimal tool to driving demand signals and replenishment through the entire supply chain.
- Developing a custom release criteria (rules), 1st bucket, 2nd bucket or min/max to maximize inventory turns and reducing Replenishment lead times
- PO Release file
- Electronic exchange purchase orders/replenishment orders