Locked-in pricing on blanket orders distinguishes L. & M. Precision from the restJune 11, 2019 REDWIRE is news you can use from leading suppliers. Powered by FRASERS.
Free REDWIRE e-newsletter
L. & M. Precision Products Inc. is the premier screw-machine jobbing shop in Canada that produces precision component parts for all industries. One of the company’s key advantages is the large amount of space it owns – more than 64,000 square feet – which allows for not only an extensive list of production machinery, but also extra storage for finished parts. L. & M. uses this storage space to enable customers to order bulk quantities of machined parts and components through a unique stock-and-release program.
Storing a yearly customer inventory
This stock-and-release program is an added convenience for any client who wants to order a large quantity of machined component parts, ready to be delivered on a just-in-time basis. L. & M.’s large facility at 150 Milvan Drive in Toronto has ample room to stock pre-ordered products that the customer can release at any time within a year.
Businesses can take advantage of the program by committing to an annual quantity of parts to keep on the facility’s floor space. L. & M. keeps everything organized with computerized inventory control systems (such as the E2 shop system), which help the company store each customer’s annual product requirements and even create a consistent release schedule. Whether the client needs these products on a weekly, monthly, or custom basis, L. & M. can make it happen through Kanban, JIT, or virtually any other type of release system.
L. & M. has the capacity to store these annual volumes of precision component parts for many customers and will do so provided that the full order quantity is shipped within a one-year period. Customers can be confident that the pricing for the entire quantity will remain the same from the first through to the last shipment.
By participating in this stock-and-release program, L. & M. customers get the full range of benefits from the company’s capabilities and services: not just elite custom-machining skills, but also full storage and inventory management of the bulk order, as well as top-tier engineering and quality control. It is another great reason to work with L. & M. Precision Products.
For more information, contact L. & M.