Material Management
Wellex Supports Turnkey and Consigned Material
Turnkey
For turnkey projects, our experienced buyers order parts from world wide suppliers to meet clients’ needs
for speed and flexibility while keeping total costs low. We ensure that all materials are available when needed
to allow for optimal manufacturing time.
Consigned
For consigned projects, we trace material shortages throughout the manufacturing process. The shortages are reported
to clients in a timely manner, enabling production to meet the customer’s original delivery schedule.
Inventory Management Flexibility
Wellex implements Vendor Managed Inventory (VMI), or consignment based on customers’ demand. These demand pull models
enable flexible demand coverage regardless of forecast inaccuracies. Wellex also monitors supplier performance reports
to ensure that all suppliers provide parts on time. Our procurement department also works with the distributors with the
Bond Program, a demand pull based replenishment model. These steps ensure that the VMI is a functional success.
Our MRP system calculates material proprietary supply and demand chain analysis to procure parts in on time. It works by removing raw material or
intermediate assembly lead-times from the critical path, reducing excess inventory while providing necessary flexibility, enhancing reaction speed,
and minimizing downstream delivery lead-times.