FF&E Inventory Management

An integral part of a comprehensive logistics plan is the management of stored material and FF&E. Whether as part of the plan or a last second requirement due to schedule delays, Venn-Corp can secure appropriate warehousing for major end items and FF&E in its network of North American facilities and manage the stored material from receipt through delivery at the project site. Venn-Corp’s experienced project logistics staff will seamlessly coordinate between the shipping companies and warehouse facilities, removing this burden from the local project management staff and home office procurement agents. This holistic approach reduces the opportunity for lost or misplaced material and reduces the time between a request by the project staff for a warehoused item and dispatch and delivery of the equipment to the site.

• Warehouse Coordination –

         -     Venn-Corp’s proprietary integrated management processes generate notification to the warehouse of an inbound shipment and                              effectively links the activities of shipping and delivering project equipment with the receiving and inspection activities of the storage                          facility.  

         -     Upon request of the project team, Venn-Corp notifies the warehouse of the planned transfer and secures an appropriate carrier. All                        activities are interlinked and tracked by Venn-Corp’s logistics system, creating an overall record of the movement and storage of the                        equipment.

• Inventory Management – 
  

         -     Because the shipment and warehouse information is interconnected, product information including model numbers, serial numbers and                    quantities can be seamlessly transferred to the inventory management process. This reduces data capture errors; promotes                                    consistency with purchase orders in nomenclature and key product information; and, increases inventory accuracy.

         -     Integrating the delivery and warehousing processes promotes timely identification and resolution of damage and other disputes and                        dramatically reduces the number of claims.

         -     Venn-Corp’s robust systems track warehoused material according to the work breakdown structure utilized by the project team. The                        Venn-Corp logistics team is accustomed to tracking equipment by project, purchase order, specific location within a building such as                        floor, wing or room number and even sub-assembly level.

• Cost tracking and allocation – 
  

          -     A significant benefit of Venn-Corp’s integrated processes and robust systems is the ability to produce detailed allocations of costs for                       control and analysis. This reporting provides an owner with unprecedented insight into how logistics costs are incurred and what                               opportunities exist for improved performance and cost reductions on current or future projects.