Stock Keeping Agreement

The use of JIT procurement can result in huge savings in space and storage. In fact, a GWP customer saved about 12,000 square meters of storage space in his warehouse after moving into a just-in-time delivery contract. This in turn can free up space for other activities or be used to reduce overhead/cost. KanBan, like JIT and VMI, is simply another name for the same service (storage, flexible manufacturing and frequent small deliveries). The main type of product delivered to the base just in time is corrugated cardboard, due to its typically high use of frequency (on individual movement). However, and the GWP product – including foam inserts, protective covers, correx® and even anti-static items can be provided as part of a VMI agreement. Therefore, if you use corrugated iron covers, protective covers, foam tips or caps, Correx handling products® POS or any combination of them, you can have your entire packaging stock managed by GWP Group. As part of an inventory monitoring agreement (ADM), an auditor will monitor the situation in the warehouse and provide ADM counterparties with daily, weekly or monthly inventory reports. It monitors, anticipates and meets fluctuating requirements, so that your packaging is kept in the maximum and minimum stocks agreed in advance. The share control agreement may be amended without the consent of the holders of subordinated shares entitled to vote, only to make corrections or corrections, to facilitate their provisions or to comply with legal or stock market rules, provided that the agent considers, in any event, that the rights of subordinated share holders are not significantly affected by such a change. In addition to reducing your storage, it also allows storage deliveries at very short time frames. It is also directly linked to GWP production systems to ensure the most efficient and reliable processing of new orders. And as with the JIT stock management service, the greatest advantage is achieved by adapting to your specific requirements.

VMI stands for « vendor managed inventory » and is virtually the same service as JIT procurement. However, in many cases, VMI would mean that the supplier takes a much more proactive approach to inventory management and forecasting peaks and depths when using. By monitoring and evaluating historical order models, GWP Packaging is also able to predict usage and manage inventory accordingly. Your job is to recover the action effectively if necessary via a secure online service. The advanced inventory management system – unique for GWP – is tailored to your specific needs. After entering into a service level contract with GWP, we manage all the production, storage and distribution processes of your packaging with minimal additional input from you. With too many warehouses, working capital attaches and generates the additional (often considerable) costs for the safe storage of your packaging. Too few bearings can cause frequent breakdowns. This can in turn shut down production lines (at a huge cost) and delay the execution of the order. It can also lead to the need to place frequent orders, which increases management time.

This even applies to the composition of your frequently used coloured inks, such as strips and labels (even if we don`t make them ourselves) and, for sheets, the stock of coated and un stratified plates. As far as storage is concerned, one of the reasons why this just-in-time packaging service is so widespread is the flexibility it offers. Our software will not only house any contract, service contract, warranty or renewal contract, but we also negotiate better rates and conditions that will save your business from unnecessary costs and costs while maintaining quality standards.