Standard Electric strives to be a valued partner to our customers. Providing solutions, such as Inventory Management, that are designed to improve productivity and increase profits is a key component to this goal. Jay Van Geffen joins the Standard Electric team as the Inventory Services Manager to ensure that we are actively working with our customers to improve their bottom line. “My commitment is to solutions, savings, and service. That is our promise to our inventory management customers,” said Van Geffen. Van Geffen plans on achieving his goals through focusing on reducing four inventory-related costs. “Our inventory management services can decrease ordering costs, lower inventory carrying costs, eliminate stock out costs and reduce cost of goods for our customers,” said Van Greffen. Standard Electric’s inventory management services can reduce ordering costs because it eliminates writing the order, processing the order and the work of the receiving department. “Our inventory management associate will go to a customer and electronically scan the appropriate material that needs to be ordered with the quantity needed. He then brings the scanner back to our warehouse and downloads the information into our system. This creates the order and he then fills the order, delivers it to the customer and puts it away,” said Van Geffen. In addition, inventory carrying costs are reduced because Standard Electric handles the inventory, maintains back up inventory at our facilities, and keeps records of the inventory used. “We usually replenish inventories on a weekly basis. We set a min/max with the customer for each item, therefore minimal space is used at a facility,” said Van Geffen.  In addition to replenishing the inventory on a weekly basis, Standard Electric actively monitors inventory levels. This ensures that customers do not run out of stock which helps eliminate stock out costs.  “Through open lines of communication with customers we are able to modify min/max of products as demand changes,” said Van Geffen. Finally, Standard Electric can reduce the cost of goods, through ordering larger quantities of products maintained in our warehouses and only stocking customers’ facilities at the rate the products are needed. “We want to help our customers reduce as much cost as possible, while also providing the best customer service in the industry,” said Van Geffen.