Our Vendor Management Program – an Update

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Sometimes a blog entry requires its sequel. People don’t like to leave things hanging in mid-air; they want to know conclusively how a particular initiative, job, or market is now progressing. People want status updates. 
Several months ago, we were given approval to expand a vendor management program for a major company in the grooming industry. At that point, we’d just established our reputation with the company, having performed well in Phase One, where we kept in stock four significant parts for their production cells. Anytime they needed a certain new number of parts for their factory, we supplied them with a bin rotation system. Meanwhile, we tracked the number and types of parts we handled. We did our job so well that the company decided to let us handle even more of its “inventory supermarket”, assigning us with storing, tracking, and providing 15 additional parts.
As time goes by, our client has grown ever more attuned to the advantages offered by our part management services. We started out handling the specific parts of a specific robotic cell, but now they’re adding on new facets to the program never originally conceived of. The quality of our services have been such that the grooming company has recently decided to add electrical wire parts, rubber components, and plastic items to the list of resources we manage for them. Our computerized inventory management and timely delivery have served our client well, adding significantly to their overall profit.
We’ve begun preliminary fact-finding with other companies to implement our “inventory supermarket” program with. As the year ticks along, more vendors seem to be climbing onboard. I guess they know a good thing when they see it.

Chicago’s Hospital Building Boom Presents Fresh Opportunities for Industry

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Across the Windy City and its outlying suburbs, a massive building boom is underway. New hospitals, university hospitals, and medical centers are sprouting up to meet the demands of an aging Baby Boomer population. Rush University Medical Center recently put the finishing touches on a $654 million hospital. The Children’s Memorial Hospital is replacing its aging Lincoln Park facility with a state-of-the-art $855 million behemoth in Streeterville. Not to be outdone, the University of Chicago’s Medical Center has opened a new $700 million hospital campus on Chicago’s South Side. The demand for medical care has never been so lucrative, and the construction of new floor-space for the medical industry is at an absolute premium, with billions more dollars expected to be spent in the Greater Chicago Metropolitan Area alone.

Being that we are an Illinois company, we are following these “building boom for Baby Boomer” developments with more than a passing interest. As a supplier of anchoring systems, special high-strength bolts and nuts, and corrosion-resistant coatings, we are aptly suited to support this demand. As Illinois steps further into the new millennium and new healthcare construction continues its rise, we anticipate pulling our fair share of the weight in helping Chicago’s medical centers answer the challenge of meeting the largest care costs ever seen in United States history.