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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Fastenal tour assignment solution

Fastenal Tour Assignment Solution

Q 1. How does Fastenal compete in the market place against big online supply Companies such as McMaster-Carr? Explain.

Q 2. What are some of the factors/reasons Brian provided (list at least 3) regarding converting part of the facility to a 21 million dollar AS/RS system?

Q What are some of the discussions Brian provided regarding holding inventories.

Q 4. Explain in general terms how the picking process on the conveyor belt was done.

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Fastenal operates mainly on business to business basis. It developed from a simple fastener producing company to a full-fledged industrial and construction Supply Company. According to Brian, the word “value” holds a very important meaning to the company. The company always aims to remain valuable to its customers. Regionalized stores, getting closer and closer to the customers are two main keys to success.