Cost saving

Fasteners

Fasteners are so-called “C articles”, articles with a low purchasing risk and a relatively low value in the end product.
There are many fasteners on the market, most of which are standardized, which might lead people to think that fasteners are a low-interest article. However, not having the right fastener can have very serious consequences - even breakdowns or production stoppages. Timely identifying the need for the product in is very important if you want to avoid being out of stock, with all the associated costly consequences that may entail.

In stock management and article administration activities, there is very little difference between A articles (strategic articles) and C articles (non-critical articles). However, these article categories have a completely different cost structure. On average, C articles represent about 5% of the purchasing value of the assembled product. Nonetheless, because of their quantity and volume, they can account for up to 50% of the overall cost. There are therefore considerable savings to be made within the business processes surrounding fasteners.

On average, the product costs account for about 20% of the total cost of a fastener. The remaining 80% is generated by ordering, logistics and administrative processes. The greatest savings can therefore be made by optimising these procedures.