WHO WE ARE

LR Fastening Supply Inc. is established as a fasteners distribution company in British Columbia, Canada to cater rising demand in Construction and Industrial markets across Canada and USA. The company imports fasteners of excellent quality & supply to niche markets such as Pre-Engineered building , Sheet metal fabrication,Transportation, Automobiles, LNG Tanks and Boilers. Having acquired rich experience in selling shear connectors, fasteners and c-parts to businesses over 15 years, we incorporated a company to offer not just a product but complete fastening solutions to corporations.

OUR BUSINESS

In technology-led world, every company is determined to have leaner supply chain and reliable supplier partners to meet their essential fastening dynamic requirements. Fasteners are considered to be most complex commodity to manage due to high volumes, highest number of SKU's , material, grade, type and plating requirements. Therefore 80% of buyers end up exhausting their valuable time in identifying demand, planning material and placing orders-schedules to different manufacturers.

Eventually, in early 1980’s, Peter Kralgic studied the purchasing pattern and established an analogy that 80% time spent on managing 80% of BOM parts are surprisingly worth less than 2% of purchase value. Until then, no-one thought about product classification and process optimization to reduce cost of handling low value parts. In his report, he further argued that supply items should be mapped against two key dimensions: supply risk and profitability. He proposed a purchasing portfolio strategy of PRODUCT STANDARDIZATION and PROCESS EFFICIENCY for NON-CRITICAL ITEMS to reduce fasteners purchasing cost.

LR Fastening Supply Inc. realized the demand-supply gap and was incorporated to manage 80% of low value parts with highest number of SKU's contributing 1% to total purchase value cost effectively to reduce customer's total cost of ownership.

OUR PRESENCE

We have our registered office in Langley, BC. We will soon have presence in Mississauga to cater demand in Ontario region along with shared warehousing space in Ontario and British Columbia.

We prefer stocking regular parts closer to customers at shortest possible distance, therefore facilitating material delivery in 24 hours. In-time delivery is our service commitment.