Abbreviations
What does MOQ stand for?
Minimum order quantity
What type of product was Fastenal originally founded to sell?
Fasteners (nuts, bolts, screws, etc.)
What are the standard 4 reports we pull from POS every morning?
VQR, SVR, OBO, OVPO
This core activity deals with conducting weekly or bi-weekly calls with onsite teams to discuss outstanding tasks, DIME inventory, Min/Max, lead-times, etc.
Communication
What does RFQ stand for?
Request for quote
What city and state is Fastenal headquarters located in?
Winona, MN
What are the 4 other daily reports that you may need to enter into the data model calculator for your branch?
CVO, Fastco, MFG/Industrial orders, vending QOH
This core activity includes tasks such as clearing orders, sending out RFQs, placing POs, and getting PO updates
Sourcing and Procurement
What does WIP stand for?
work in process
Who was the original founder of Fastenal?
Bob Kierlin
What is the formula for calculating the L12 sales hisotry?
L12 Sales History/250
This core task deals with generating daily reports from POS to update each site in Smartsheet
Data Management
What does ESD stand for?
Estimated ship date
What year was Fastenal founded?
1967
How many different part statuses do we have/use?
12
This core activity happens when the CSCA updates and reviews min/max levels with the branch based on business needs.
Quarterly Updates
What does MRO stand for?
Maintenance, Repair, and Operations
How many countries does Fastenal now operate in globally?
24 countries
What does D.I.M.E. stand for?
Dead Inventory Management Evaluation