Tool & Die Stocking Program
How It Works
Apex Tool Works offers a Stocking Program to help customers streamline their supply chain and ensure fast access to essential parts. This program allows customers to predefine inventory levels based on anticipated usage for a 12-month period, ensuring next-day availability when needed.
The Process:
- Customer Commitment: Based on projected needs, customers specify the quantity of each part to be stocked at Apex for one year.
- Price Assurance: Apex provides a confidential price list for the selected parts, with prices locked in for 12 months.
- Inventory Management: Apex manufactures and holds the agreed-upon quantities in inventory. Initial lead times depend on the complexity and material of the part.
- Flexible Release & Ordering: Customers can issue an annual purchase order and release parts as needed or establish a written agreement to place orders each time stock is depleted.
- On-Demand Delivery: Completed parts are available for one-day delivery upon request, and invoicing occurs only at the time of shipment.
- Adjustments as Needed: If inventory depletes sooner than expected, customers can issue a new purchase order or adjust their agreement.
Key Benefits
For Customers:
- Cost Savings: Benefit from bulk pricing based on economies of scale.
- Rapid Access: Next-day delivery for stocked items.
- Budget Control: Pay only when parts are shipped.
- Price Stability: Fixed pricing for the duration of the agreement.
For Apex:
- Efficient Planning: Allows for better long-term production scheduling.
- Enhanced Customer Support: Ensures reliable, fast service tailored to your needs.
Customer Responsibilities
- Obsolete Parts: The customer is obligated to take delivery of any parts deemed obsolete and unsalvageable due to engineering changes.
- Rework Option: If the parts can be reworked, the customer will be informed of the cost and will need to let Apex know how they would like to proceed.
- End-of-Year Review: At the end of the 12-month period, customers will receive a report of remaining inventory and pricing for the next term. If price adjustments are necessary due to material or labor costs, customers can either:
- Purchase the remaining stock at the original price.
- Keep inventory at Apex at the revised pricing.
Get Started
Join the Apex Tool Works Stocking Program and experience the convenience of guaranteed inventory, cost savings, and fast delivery. Contact us today to discuss your stocking needs!