Business View Magazine - Nov 2023

205 BUSINESS VIEW MAGAZINE VOLUME 10, ISSUE 11 TRINI T Y PRODUCTS A Glimpse into Cutting-Edge Company Practice With its expansion into the distribution and manufacturing of steel plates, sheets, and coils already underway, Trinity has laid out an aggressive five-year growth strategy. Two key components of that are the rapid development of the company sales department as well as an expansion of infrastructure, both of which are already in motion. “We have currently added four warehouse locations [and] we’re certainly looking to add more as [more] real estate opportunities present themselves,” Davis says as he points out that such an expansion would allow Trinity to increase its product offerings. However, with the additional space comes the risks of overstocking and stockouts. So, to avoid a scenario where it either purchases more than it can sell or less than it needs to sell, Trinity is currently partnering with the University of Missouri Business School. The project involves the use of AI to both analyze customer demand and predict supply trends based on historical data and larger motions within the market, but that’s all Davis was willing to reveal about the exciting new venture. Additionally, due to the price volatility between the pre-COVID and current steel markets, Trinity is negotiating closely with its most trusted suppliers–like PRD and Evraz–to optimize its inventory management and maximize its returns. These challenging negotiations are where Trinity’s long-term loyal relationships truly serve the company, according to Davis, who says, “While [the] conditions might not be exactly what we’re looking for, at least we’re getting honest, truthful information.” With such trustworthy suppliers, the company can comfortably explore a multitude of inventory management techniques, such as Just-in-Time, Economic Order Quantity (EOQ), and Lean inventory management, to ensure