"We have short lead times for make to order and make to stock products, and any quantity needs to become available and become available quickly," he said during a talk at the event. "Any packaging, customised documentation and automated updates of order status are needed for different customers in different places - what I'm trying to describe is a very fast-paced business with managed inventory." "Standardisation is a very key part of the business for us as well," [Gary Miller] said. "The efficiency based on the execution on standardised tools is a very critical element." "Vendor owned and managed inventory is really our perspective for the best of all worlds," he told delegates. "It's a constant struggle to do, but we have been able to manage inventory by focusing on a core group of materials so at least we are not sitting on 10,000 different pigments from 5,000 different companies that we have to wrestle with."
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