boots Archives - WHITMOR/WIRENETICS
Leading provider
of high-performance wire,
cable and tubing since 1959
Toll Free:(800) 822-WIRE
Local: (661) 257-2400

Inventory Management – What’s your strategy?

In today’s on-demand market, proper inventory management is critical for success. Having the materials you need, when you need them, is one of the key factors in determining your performance as a supplier. With a heavy emphasis being placed on On-Time Delivery, being able to react to your customer’s needs quickly and effectively can have a huge impact on future business opportunities. For many companies this means carrying additional inventory to ensure materials are on hand at all times, which can be particularly problematic for small businesses with limited cash flow or storage space.

Carrying costs can represent as much as 20% to 30% of total inventory value. Tangible costs such as storage, handling, and insuring goods are obvious, however intangibles such as opportunity cost due to reduction of cash flow, or the cost of deterioration and obsolescence of goods are often overlooked. With an increasing number of items restricted by shelf life or customer-driven product age limitations, these types of costs are more prevalent than ever.

The solution? A partnership with Whitmor/Wirenetics, a proven leader in effective inventory management.

With a wide range of flexible Vendor Managed Inventory (VMI) options, we offer tailor-made programs that provide comprehensive solutions based on your specific business model. We don’t believe in one-size-fits-all, we focus on what makes sense for you and your customers and build from there. Whether your strategy is “just in time” delivery, on-site Vendor Inventory Management, blanket orders with scheduled ship dates, or a unique combination of several approaches – we’ve got your inventory management needs covered. With millions of dollars in inventory and same day turnaround for most orders, we have the resources to provide you with the materials you need, when you need them, every time. Some of the benefits of our VMI programs are:

Reduced Inventory, Overstocks and Stock Shortages

Not having the right products in stock can be a big problem for you and your customers. Having too much product can be just as damaging to your bottom line – our VMI programs eliminate these issues and allow you to focus on your growth and success.

Smaller Manufacturing Footprint

Floor and shelf space are valuable assets in your production facility, and extra inventory only uses up that space without contributing to immediate income or production needs. Additional storage not only means greater overhead costs, but that space could go toward manufacturing activities for other production floor opportunities.

Increased Sales

Implementing a VMI can increase sales by giving you the ability to deliver your products faster than your competitors. Reduced lead times will boost the quality of customer service and foster brand loyalty. This means more returning customers and increased sales over time.

Less Responsibility

When you reduce the financial and operational burden of managing inventory, it lowers costs, reduces admin work, allowing you to minimize inventory while simultaneously maximizing profits. Spend less time and resources on maintaining purchase records and issuing discrete orders. Let us do the work for you!

Contact your sales representative today to inquire about our VMI programs:

1-800-822-WIRE

or email: sales@wirenetics.com
with the subject “VMI”

2019 Fluoropolymer Outlook

Coming out of a turbulent 2018 marked by strong demand coupled with limitations in both compound availability & manufacturer production capacity, the current forecast for 2019 indicates a sluggish recovery that won’t begin to materialize until Q2. Due to growth of fluoropolymer use in both the automotive and food & beverage industry, compound manufacturers continue to reallocate resources resulting in additional strain as market focus continues to evolve. The fluoropolymer market is expected to register a compound annual growth rate of 6% by 2022.

Current data suggests PTFE compound availability will improve in Q2 with ETFE following later in the year. Fluorpolymer wire & cable manufacturers struggling with significant backlogs are likely to take a measured approach to recovery once compound availability improves to avoid a sudden and significant drop in demand. If the current projections for strong demand in 2019 are accurate, this cautious approach could cause additional delays that may further slow recovery well into Q3. Additional price increases on fluoropolymer products are also expected to impact the market in the coming months.

As we enter the 4th straight year of defense budget increases, the current administration projects spending to continue at this high level into the future. As a result, the military services and defense industry are making their plans on the basis of this high funding level. 2019 will likely see a continuation of the strong demand from FY18, putting additional pressure on both manufacturing and distribution to work diligently toward reducing material flow inhibitors.

As your go-to supplier for Mil-Aero wire & cable, Whitmor/Wirenetics is committed to work closely with our supply chain to ensure our partners are well positioned. We continue to employ strategies to reduce lead times and mitigate price increases in addition to providing excellent customer service. For more information on how we can help you reach your goals for 2019, give us a call today.

1-800-822-WIRE

Happy Holidays from Whitmor/Wirenetics

Whitmor/Wirenetics will be closed for the Holidays beginning 12/24/2018.

Sales will return on 01/02/2019, with normal operations resuming on 01/07/2019.

As we look forward to a challenging 2019, we are committed to working with our customers to ensure their success in the new year.

Thank you for your continued loyalty and partnership, and we wish all of you a wonderful Holiday season and a Happy New Year!

             

Did you know? 

The practice of celebrating the New Year can be traced all the way back to Mesopotamia in 2000 BC. It began as the celebration of the vernal equinox, which occurs in mid-March as the Sun crosses the celestial equator going north. Today, the New Year is typically celebrated by most countries on January 1st, in accordance with the Gregorian calendar.

Buying from a Distributor vs Manufacturer – Which is better?

What’s the difference?

A distributor’s main focus is the selling of finished goods, rather than their production. This allows the distributor to focus on the customer – providing better service, quicker delivery, and competitive pricing. A distributor understands your need to get product quickly, at the best possible price allowing your business to grow. Another key benefit is that distributors offer lower minimums on standard items, so that you can get your customer what they need without excessive costs. Add the fact that distributors have access to multiple manufacturer’s products, and it sounds like you’ve got a great supplier.

But what about custom or unique products?

This is where a manufacturer becomes priority. Many distributors cannot offer a better option when it comes to custom items. They are often forced to pass along the factory minimums the manufacturer imposes – forcing exorbitant costs on to the customer. Often these minimums can be up to 10 times the amount the customer needs for the job, substantially reducing profitability. In addition, most manufacturers require purchases to go through their distribution channel, preventing the customer from mitigating these costs through direct buys.

This is why Whitmor/Wirenetics is the best choice!

When our custom cable division merged with Wirenetics in 1986, the winning combination of both manufacturer and distributor was born.  Whitmor/Wirenetics understands the need for excellent customer service, off-the-shelf availability, great pricing and easy access to custom products with reasonable minimums.  Our industry-leading 100 ft minimum on custom cables is proof of our commitment to our customers – and the years of loyalty and continued business from our customers is proof that it matters.

1-800-822-WIRE

sales@wirenetics.com

Happy Veterans Day

It is with great pride and gratitude that we honor and remember our Veterans on this day.

From all of us here at Whitmor/Wirenetics, thank you for your bravery, strength and service to our country.

Extended Fluoropolymer Lead Times

It’s going to get worse before it gets better

With factory lead times on fluoropolymer products averaging in excess of 20 weeks, the industry is bracing for severe shortages at a time of record growth.  The combination of unrelenting demand, material availability barriers and limited manufacturer capacity has created the perfect storm for extreme shortages through the rest of 2018 and beyond.

What can you do?

With every passing second, options to mitigate the impending crisis are dwindling.  Companies who fail to act now will face certain production difficulties as inventory diminishes.  With replenishment times reaching up to 6 months for the majority of fluoropolymer products, there is no question that wire & cable shortages will be a pressing concern for Military and Aerospace houses in the coming months.  Those who act now by securing additional material based on MRP forecasts will undoubtedly have the advantage over their competitors.

Call us Now!

One phone call to Whitmor/Wirenetics can provide the solution you need.  Let our team of specialists guide your procurement professionals with the expertise, advice and planning capability that comes from over 50 years of experience in the fluoropolymer wire & cable industry.  Protecting your longevity as our customer is our highest priority, because success is more than just what happens today.

Office: 1-800-822-WIRE
Email: sales@wirenetics.com

Happy Labor Day From Whitmor/Wirenetics!

Wishing all of our partners a relaxing, safe and enjoyable Labor Day weekend!

Labor Day, the first Monday in September, is a creation of the labor movement and is dedicated to our social and economic achievements. It constitutes a yearly national tribute to the contributions workers have made to the strength, prosperity, and well-being of our country.

As we celebrate Labor Day, we should remember these words from the U.S. Department of Labor:

The vital force of labor added materially to the highest standard of living and the greatest production the world has ever known and has brought us closer to the realization of our traditional ideals of economic and political democracy. It is appropriate, therefore, that the nation pays tribute on Labor Day to the creator of so much of the nation’s strength, freedom, and leadership — the American worker.

Whitmor/Wirenetics will be closed Labor Day, 09/03/2018.  We will resume normal operating hours Tuesday 09/04/2018.

Don’t Let Lead Time Hurt Your Performance

Make Whitmor/Wirenetics your go-to source for M27500 Cables

With current factory lead times on fluoropolymer cables reaching concerning levels, delivery performance is at risk more than ever. During these critical times, your customers count on you to protect them from line-down and stock-out situations.

Whitmor/Wirenetics is QPL approved to manufacture over 50,000 different constructions of M27500 cable in accordance with NEMA WC27500-2015.

Our standard lead times for M27500 cables are currently less than half of most fluoropolymer cable manufacturers.  In today’s metric-driven market, when it comes to On-Time Delivery, you simply cannot afford to disappoint your customers.  The long-term consequences of late deliveries can be substantial with the vast majority of programs choosing suppliers based on performance.

In addition to our reduced standard lead times, our forgiving 100 ft minimum on custom cables allows you to get what you need without the excess inventory & spend that comes with typical factory minimums.

And with our ultra-fast Premium Expedite™ option, time is always on your side.

Contact your account representative today for faster options on your M27500 and other fluoropolymer cable needs.

1-800-822-WIRE

General Inquiries: sales@wirenetics.com

Are you getting Genuine products from your supplier?

Know Your Supplier

In today’s Mil-Aero market, one of the most critical challenges the industry faces is the risk of counterfeit or inferior substitute products infiltrating the supply chain. This risk increases substantially during times of severe supply constraints, such as the difficulties we see currently unfolding in the fluoropolymer market as well as increased manufacturer capacity limitations due to unprecedented demand.

Further complicating this issue, some suppliers are trying to hide the fact they are providing inferior substitutes by insinuating a product will still meet the same Mil-Spec construction and performance standards, despite the fact they cannot certify it to the required specification. This is in fact a false pretense, and typically the supplier lacks the internal testing ability required to even make such a claim.

You can protect your business and your customers from this predatory practice by requiring QPL certified products from your suppliers. These products have met the qualification requirements set forth in the applicable specification, including appropriate product identification, tests or qualification references.

The Choice is Simple

Whitmor/Wirenetics always provides certified QPL Mil-Aero products to our customers and partners around the globe. We’re also a QPL approved manufacturer of over 50,000 different constructions of M27500 cable in accordance with NEMA WC27500-2015.

When you buy from Whitmor/Wirenetics, you’re not only getting world-class customer service, you’re getting the peace of mind that comes from knowing your supplier does the right thing – on every order, every time.

Contact us today for a quote: sales@wirenetics.com

1-800-882-WIRE

Are you protecting your business?

Material shortages can have a significant negative impact to business performance across the board. Key constraints ranging from reduced raw material availability to sudden & dramatic increases in demand can rapidly create an extremely turbulent business environment. These constraints most often result in steep price increases within in a short period of time, reducing profitability which further limits the financial resources needed to properly address the issue. Companies unable to insulate themselves against the threat of scarcity will face significant challenges with their financial performance, growth and long term competitive advantage.

Recent price increases implemented by multiple manufacturers have done little to reduce demand, particularly within the military and aerospace sector. In addition, other market segments with growing demand that afford higher profitability are enticing manufacturers to redirect resources, further reducing capacity for the manufacture of Mil-Aero products. Additional price increases have been announced and will take effect within the next 30 to 60 days. Material constraint concerns continue to be discussed at the commodity level, and with the current unrelenting demand, the probability of shortages is rapidly increasing.

Whitmor/Wirenetics offers several options for preventative measures that can protect your business from the dangers of supply chain disruption. Our dedicated account specialists are trained to work closely with your procurement professionals to implement a customized solution that protects your longevity in the market place. Let Whitmor/Wirenetics help you remain a viable solution to your customer’s needs. Because when you can’t deliver to your customers, you become the disruption.

Contact us today: 1-800-822-WIRE

sales@wirenetics.com

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