Vendor Managed Inventory (VMI)
Vendor Managed Inventory (VMI) is a strategic approach where the supplier manages inventory levels of their products at the customer’s location, reducing the burden on the customer and ensuring that stock levels are optimal. The benefits of VMI include reduced stockouts, lower inventory costs, and improved supplier-customer relationships through better communication and planning.
At New Source Corporation, we provide Long Term agreements with Vendor Managed Inventory to meet the specific needs of our customer’s programs. Our dedicated team works closely with customers to monitor inventory levels, forecast demand, and replenish stock proactively. Implementing VMI enhances supply chain efficiency by reducing lead times, minimizing excess inventory, improving production planning, and increasing operational efficiency.
Certifications and Expertise
At New Source Corporation, we participate in the QSLD Program as a Qualified Supplier for Bulk Metals with the Defense Logistics Agency, adhering to quality assurance procedures for aerospace raw materials. Additionally, we hold ISO 9001 and EN/AS9120 certifications, demonstrating our commitment to maintaining the highest quality management standards. These certifications reflect our dedication to excellence and adherence to international quality practices, ensuring top-tier service and product reliability for our clients.
Supplier Relationships
New Source Corporation collaborates with a diverse range of manufacturers to source high-quality materials. This strategic collaboration ensures that we can offer our clients a wide variety of products and unmatched flexibility in meeting their needs. As a leading aluminum extrusion supplier, we provide a broad array of aluminum extrusion shapes, including specialized t-shaped aluminum extrusions.
Advantages of diverse supplier relationships for lead time information:
- Improved lead times
- Better pricing through competitive sourcing options
- Enhanced product variety to meet specific requirements
To stay current with supply trends, New Source Corporation maintains strong relationships with our suppliers, attends industry conferences, and continuously monitors market developments.
Alternate Parts
New Source Corporation offers the flexibility of providing slightly larger parts as alternate options to meet customer specifications. This approach ensures that our clients have access to the parts they need, even when exact sizes are not available. Providing alternate parts allows customers to maintain production schedules, reduce downtime, and optimize their supply chain management. Customers have the option to cut larger parts down to their required size, providing additional flexibility and reducing the need for custom orders.
Additionally, New Source Corporation offers managed processing capabilities such as heat treating to meet specific temper requirements. For example, if T3511 is in stock but T8511 is needed, we can send the part for heat treating to achieve the desired T8511 temper.
TOP-RATED FOR QUALITY
A proud distributor of mill-certified materials with a focus on exceptional customer service and quick turnaround time.
2016 & 2018
LOCKHEED-MARTIN SMALL BUSINESS SUPPLIER OF THE YEAR
AS9100 Certification
AS9120 Certification
ISO 9001:2015 Certification
Defense Logistics Qualified Supplier (QSLD)
2019 Boeing Performance Excellence Award
Thomas Verified Supplier