Inventory Management
$1.5 billion
What is the value of Fastenal's inventory?
2 days or less
What is the target Accounts Receivable Days Out gap?
Way to capture signatures for proof of delivery and eliminate paperwork
What is eSignature (or signature capture)?
A measure of how a company or business unit was able to convert its assets into net capital (pre-tax profit)
What is the ROA (Return on Assets)?
Document to be signed in lieu of a purchase order
What is the non-standard product purchase commitment?
30 days of sales
What is the value of inventory a traditional branch should carry?
Proper invoicing
What is the best way to prevent accounts receivable issues?
Way to service non-account customers efficiently
What is eCommerce?
The money left over after purchasing product and paying for freight to pay bills
What is adjusted gross margin dollars (AGM)?
Reduced pricing for a sku (or set of skus) by a particular vendor when sold to a particular customer
What is an SPA (Special Pricing Agreement)?
Cost, minimum order quantity, minimum order dollar value, lead time and freight costs
What is the information you should get from a vendor before purchasing?
Email address to communicate with the regional finance team
What is califinance@fastenal.com?
Best way to take a binstock order
What is the binstock app on the iPad or Zebra?
Adjusted gross margin dollars divided by direct labor dollars
What is the key ratio?
What is ServiceNow?
Half of your inventory value
What are the monthly cycle count requirements?
Location of Open Balances and Accounts Receivable To-Do List
What is WebPOS?
Part of eCommerce that can aid in collections
What is Fast360 (or ePO)?
Forklift, inventory, cash, trucks
What are the branch's assets?
Report to correct discrepancies between receiving and vendor invoices
What is the match exceptions?
Sales Report Card and ROA
Where to find your inventory value?
Collections Daily Average multiplied by the Accounts Receivable Days Out Gap
What is the dollars needed to collect (to get to 0 days out gap)?
What is the Regional Sharepoint page, Operations and Finance Tile?
Daily sales growth percentage + Pre-tax Net Sales percentage
What is the Rule of 40?
Better than a nonstandard purchasing agreement
What is getting a purchase order?