Lorenco Industries

Innovative Programs for your Bottom Line

Lorenco has taken initiatives to provide innovative programs which streamline purchasing, eliminate the need for expedites, eliminate production delays and decrease the cost of doing business for the products and services it offers.

Three principal programs are offered for those companies that may have requirements for them.

Floor Stock Programs:

No one program satisfies every company’s requirements. As a result, Lorenco will design a custom program specifically for your company’s needs.

A popular program, which Lorenco developed, requires 2 months inventory on that customer’s floor with one month, ready to ship, at Lorenco. Others require different programs which Lorenco has developed and continues to support. Weekly contact by Lorenco’s inside sales team to your coordinator and monthly visits by Lorenco Sales personnel to your purchasing and engineering departments, guarantee comprehensive control and awareness of such things as anticipated ECOs, and the like. Cost savings can be dramatic!

Whether local or national, Lorenco is able to tailor a floor stock program for your needs. Price reductions based on annual quantities of individual part numbers in the agreement can be significant, particularly compared to MRP requirements and subsequent monthly or quarterly POs having to be placed. Elimination of these purchase orders as well as QC cost and production downtime are realized by finished goods at Lorenco ready for immediate shipment. This is beginning to gain popularity with many of our larger customers, and is extremely helpful in contributing to your bottom line.

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Consignment Programs:

Lorenco analyzes its customers’ needs in order to present consignment programs to those manufacturers who can best benefit.

With a consignment approach, cost savings can be realized on several levels. The program is certainly a way for a customer to maintain increased control of production, scheduling, assured off premesis finished inventory, and offers the ideal communications program between a company and its vendor.

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Turnkey Assemblies:

Lorenco provides turnkey as well as customer supplied components for assemblies. This has resulted in significant cost reductions for many companies. To view some of the assemblies provided, please check the link.

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