For over two decades now, Forum Plastics LLC has supplied major medical device manufacturers and complex commercial clients with a broad array of SKU’s, specialty logistics and planning services. We pride ourselves on anticipating client needs and managing our raw and finished goods inventories in such a fashion as to mitigate the potential risk of stock outs.
The oldest configuration model we have worked to is one called “World Class Model” delivery. In this logistics model, annual blanket orders are received with annual usage volumes. Each week a pull for the discrete part numbers and quantities demand is provided and later that week, the parts are shipped. Forum is responsible for maintaining sufficient inventories to support the requirements. We also work to rolling forecast models with weekly updates and a four week fixed schedule, of which half of the fixed schedule is ocean freight lead time. Visual pull systems with pre-determined packaging quantities and OEM printed packaging with direct shipments to clients are also a method of logistics we are experienced in. There is a cost associated with running such programs, so the right combination of product value and demand velocity must be evaluated when considering such Vendor Managed Inventory programs.