Reduce hard/soft procurement and plant costs, increase control and visibility of inventory with our RITE-STOCK™ Component Management Programs.

Fast-Rite offers a variety of RITE-STOCK™ Programs, these Lean Distribution-based inventory management systems are designed to optimize the way you run your business. These RITE-STOCK programs utilize the latest technology available to ensure accuracy and timeliness – and eliminate supply chain redundancies – lowering your overhead and increasing your profits!

Our next-gen RITE-STOCK™ app streamlines your entire inventory program!

  • Simplifies stockroom replenishment.
  • Use your choice of scanning tools, including computers, phones, RFID or SensorBins to optimize point-of-use inventory replenishment.
  • Go paperless and send digital POs directly to our ERP.
  • Decrease procurement costs by up to 90% by digitizing PO’s.
  • Decreases inventory levels and annual carrying costs by up to 73% through optimization.
  • Eliminates stockouts by optimizing inventory.

With Fast-Rite’s RITE-STOCK programs, you can:

  • Minimize inventory
  • Maximize production space
  • Reduce floor space needed for inventory
  • Recapture floor space for production
  • Minimize safety stock
  • Manage/reduce waste
  • Eliminate Customer MRP
  • Reduce administration, inventory and expediting soft costs
  • Your stock is delivered right to the point of use, where and when you need it
  • Consolidate purchasing and billing
  • Reduce labor time

Fast-Rite’s RITE-STOCK has three standard levels

Three Standard Levels

1 RITE-STOCK Replenish

RITE-STOCK Replenish is up to 10x faster than replenishing through an e-commerce site or with a pencil and clipboard because it only requires a scan and a tap to send your order, saving time, reducing errors, and lowering costs. RITE-STOCK Replenish can decrease procurement costs by up to 90% by reducing PO’s.

2 RITE-STOCK Manage

RITE-STOCK Manage gives you full transaction history, signature captures, and virtually any report you need, with over 80 standard reports included. Our Min/Max dashboard will help you reduce inventory dollars. It can even support consignment.

3 RITE-STOCK Optimize

Our Premier Solution, RITE-STOCK Optimize includes our Min/Max Tuning Dashboard, which calculates each item’s optimum Min/Max levels based on most recent usage, then quantifies cash savings and reduced carrying costs. RITE-STOCK Optimize supports kitting, requisitions, spend limits, tool crib management and asset tracking.

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RITE-STOCK Programs

Spend management

Control your spending

Fast-Rite is introducing advanced new features that give our customers enhanced capability to control their spending, set workflow approvals, and minimize their transaction overhead while enabling employees to do their job easily.

Extensive user control

Once an administrator is created and logged securely into the system, the administrator then can create user and user groups in the system, and grant (or revoke) permissions, assign part lists and spend limits to the users downstream. User groups allow the usage of permission templates to simplify the administration.

When the user accesses the store, their login is validated against the security requirements, and permission is granted or restricted against the permission templates.

They can then shop and order the items they are allowed to requisition. But the process doesn’t stop there.

Robust reporting capacity

A robust reporting capacity allows users with privileges to receive either overview or detail of requisition, pending requisition status, orders, current balance, open balance, invoice aging, and to compare budget to actual orders or deliveries. This system provides all or selected/filtered transaction data for the selected universe, including purchase orders, invoices, credit memos, debit memos, and statements.

Simplified cost accounting

Our advanced system allows customers to set up their usage items, cost centers, and budgets in our system. Costs are allocated to specific departments, jobs, or cost centers, and spending is monitored by category. Are your departments living within their budgeted costs? You can see the answer immediately.

Workflows automate notifications and simplify approval processes

Once the order is created, a workflow is begun, and the requisition then is checked against their permissions. If the items are restricted or if the amount is over their spend limit or the budget limit, then the order is held and an approval request goes up to the designated approvers or managers, starting with the approvers that have the least amount of sufficient approval authority and cascading upward.

The approver can approve, deny, or pass the requisition upstream to the next higher level until a final disposition is made on the request. Notifications are automatic.

What’s the ROI?

Our Spend Management solution makes it easy for customers to see and control their spending in exacting detail while minimizing the transaction load by enabling employees to do their work without unnecessary restrictions but preventing non-budgeted purchases. This speeds up the entire procurement process, reduces the transaction cost involved, creates an audit trail of all purchases, and ensures policy is followed.

Vending and digital bins

Vending and digital bins

Want 24/7 access to resources?

Don’t want to have to pay for a crib attendant? How about having supplies located near your point-of-use so employees don’t need to walk through the plant to get what they need? An audit trail on all material pulled? How about automatic reorders so you never run out? Need to restrict access to your supply bins?

Sometimes the best man for the job is… a machine!

Fast-Rite offers multiple vending and digital bin system that can be extensively configured for any vending solution.

Vending

Our vending machines help you eliminate stock outages and increase productivity by providing a complete VMI solution that gives you complete control over your supplies. Our machines are a convenient and accurate way to track employee supplies such as tools, parts or personal protective equipment (PPE).

If you work in an industry where tracking a large inventory of materials is critical to your operations, a vending machine may be the right solution for your company. Employee-vended supplies will bring control to your workplace by recording what is taken, restricting employees from taking too much, and reporting the status of all items for refill or accounting purposes. There’s no need to fumble with change or iron dollar bills to fit into temperamental machines. Instead of money, employees can walk up, enter their pin or swipe a magnetic stripe card. Then they enter in the item they want.

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