6/14/2009
NEWS BRIEFS
Customer Layoffs Increase Demand for Atlantic Fasteners Inventory Management
Atlantic Fasteners is expanding with its inventory management service. Atlantic started managing fastener inventories through computerized bar coding in 1993 and customers asked for Atlantic to expand to non-fastener supplies, which spawned Atlantic Inventory Management Service in 1994.
“During the current recession customers have made staffing cuts and as orders increase there are fewer employees to keep inventory levels steady, order supplies and pay invoices,” president Tony Peterson explained.
Atlantic’s inventory management is designed to handle repetitively ordered, low value items such as industrial, office, medical, and safety supplies. Atlantic handles all the tasks involved in maintaining inventories, such as checking stock, reordering, put away, error resolution and paying vendor invoices. It sends a summary invoice once a month to the customer.
“This frees up important resources for our customers,” said Peterson. “For one customer last year, Atlantic paid 628 vendor invoices, while the customer paid only 12 invoices to Atlantic.”
Atlantic “understands that while it is in the fastener business, its core competency is inventory management,” Peterson explained.
Founded in 1981, employee-owned Atlantic Fasteners is a global ISO 9001:2000 certified supplier of 16,795 commercial and aerospace/mil-spec fasteners, plus tools, lubricants, adhesives, paint, power transmission, bins and cabinets. Atlantic is headquartered at 49 Heywood Ave. (P.O. Box 1168), West Springfield, MA 01090-1168. Tel: 413 785-1687 ©2009 GlobalFastenerNews.com
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